Central Bank and Credit Institutions (Resolution) Act 2011


Publication of transfer orders.

31.— (1) The Bank shall, as soon as practicable after a transfer order is made—

( a) serve a copy of the transfer order on the authorised credit institution concerned, and

( b) publish the order in 2 newspapers circulating generally in the State.

(2) In a particular case, the Bank may, if the Bank thinks it necessary to do so, publish a transfer order by an additional means or in an additional place.

(3) Without delay after the service of the copy of the transfer order, the authorised credit institution shall take all reasonable measures to ensure that its members are made aware of the order, including, without limiting the generality of the foregoing—

( a) where the shares of the authorised credit institution are traded from time to time on a financial market (whether a regulated market or not), making an announcement that relates to the existence of the transfer order and its effect, to a regulatory news service generally used by credit institutions in the State for the purposes of announcements to such markets, and

( b) providing a copy of the transfer order to the regulatory news service referred to in paragraph (a) .