National Asset Management Agency Act 2009


Dealings with bank assets after service of acquisition schedule until date of acquisition.

94.— After the service of an acquisition schedule on a participating institution, until the date of acquisition for each bank asset specified in the acquisition schedule, the participating institution—

( a) shall continue to hold and manage each bank asset concerned in accordance with section 71 ,

( b) shall not make nor permit the making of any change to the bank asset concerned without NAMA’s written consent, and

( c) shall notify NAMA in writing of any change in the bank asset concerned of which the participating institution is aware.