European Stability Mechanism Act 2012

6.

ESM exempt from requirement to be authorised or regulated.

6.— The ESM shall not be taken to be providing a service or carrying on an activity which would require it to be authorised or regulated by the Central Bank of Ireland.

Annotations:

Modifications (not altering text):

C3

Application of section extended (30.10.2014) by European Stability Mechanism (Amendment) Act 2014 (32/2014), s. 5, commenced on enactment.

Application of sections 5, 6 and 7 of Principal Act

5. Sections 5, 6 and 7 of the Principal Act shall apply to the ESM acting through a subsidiary body or sub-entity referred to in section 3(b) as they apply to the ESM otherwise.