Central Bank and Credit Institutions (Resolution) Act 2011

PART 5

Transfer of assets and liabilities

20.

Interpretation ( Part 5).

20.— (1) In this Part—

“financial incentive” shall be construed in accordance with section 46 ;

“market value”, in relation to assets and liabilities, shall be construed in accordance with section 28 .

(2) A reference in this Part to the transferor in relation to a transfer order shall be construed as a reference to the authorised credit institution, or a subsidiary or holding company of the authorised credit institution, the assets or liabilities of which are to be transferred pursuant to the order.