Central Bank and Credit Institutions (Resolution) Act 2011

55.

Preconditions for making a proposed special management order.

55.— The Bank may make a proposed special management order in relation to an authorised credit institution, or a subsidiary or holding company of the authorised credit institution if it decides that—

( a) the intervention conditions are fulfilled in relation to that credit institution, and

( b) a special management order is necessary in all the circumstances.