38.— (1) Section 54 of the Finance Act 1970 is amended by inserting the following after subsection (7C) (inserted by the Credit Institutions (Financial Support) Act 2008):

“(7D) The Minister for Finance—

(a) may engage in such transactions of a normal banking nature with any person as he or she considers appropriate—

(i) in connection with the performance of his or her functions under the Anglo Irish Bank Corporation Act 2009, and

(ii) for the purpose of the better management of any indebtedness incurred by the Minister under that Act,

and

(b) may for the purpose of those transactions issue such funds from the Exchequer as he or she considers appropriate.

The expenses and other costs incurred by the Minister for Finance in connection with or arising out of those transactions shall be charged on the Central Fund or the growing produce thereof.”.

(2) The First Schedule to the National Treasury Management Agency Act 1990 is amended as follows:

(a) by substituting “under the following enactments:” for “under—”;

(b) by renumbering the paragraphs numbered (gg) to (ggggg) as paragraphs (ga) to (gd) respectively;

(c) by inserting after paragraph (gd) (inserted by the Credit Institutions (Financial Support) Act 2008 and renumbered by paragraph (b)):

“(ge) section 54(7D) (inserted by the Anglo Irish Bank Corporation Act 2009) of the Finance Act 1970,”;

(d) by deleting “and” after paragraph (r);

(e) by inserting after paragraph (s) (inserted by the Credit Institutions (Financial Support) Act 2008):

“(t) subsections (3) and (4) of section 3, and section 34, of the Anglo Irish Bank Corporation Act 2009”.

(3) Schedule 2 (inserted by the Central Bank and Financial Services Authority of Ireland Act 2003) to the Central Bank Act 1942 is amended by inserting the following in Part 1 after the item relating to the Consumer Protection Act 2007:

“

”.