Central Bank and Credit Institutions (Resolution) Act 2011

47.

Repayment of financial incentive.

47.— F13 [ If a liability to repay arises under section 46(5) ] in relation to a transfer order that transfers assets or liabilities of a subsidiary or holding company of an authorised credit institution, that credit institution and the subsidiary or holding company are jointly and severally liable to make the repayment.

Annotations:

Amendments:

F13

Substituted (1.08.2013) by Central Bank (Supervision and Enforcement) Act 2013 (26/2013), s. 82(7), S. I. No. 287 of 2013.