Central Bank and Credit Institutions (Resolution) Act 2011

79.

Liquidators of authorised credit institutions.

79.— (1) Only a liquidator approved by the Bank may be appointed to F25 [ a designated credit institution ].

(2) A liquidator appointed by the Court to F25 [ a designated credit institution ] shall notify the Bank, immediately after his or her appointment, that a compensation event F26 [ (within the meaning of section 1 of the Act of 2009) ] has taken place.

Annotations:

Amendments:

F25

Substituted (15.07.2015) by European Union (Bank Recovery and Resolution) Regulations 2015 (S.I. No. 289 of 2015), reg. 187(e)(i), in effect as per reg. 1(2).

F26

Substituted (20.11.2015) by European Union (Deposit Guarantee Schemes) Regulations 2015 (S.I. No. 516 of 2015), reg. 32(b), in effect as per reg. 1(2).