European Financial Stability Facility Act 2010
Number 16 of 2010
EUROPEAN FINANCIAL STABILITY FACILITY ACT 2010
REVISED
Updated to 28 May 2019
This Revised Act is an administrative consolidation of the European Financial Stability Facility Act 2010. It is prepared by the Law Reform Commission in accordance with its function under the Law Reform Commission Act 1975 (3/1975) to keep the law under review and to undertake revision and consolidation of statute law.
All Acts up to and including Greyhound Racing Act 2019 (15/2019), enacted 28 May 2019, and all statutory instruments up to and including European Communities (Sheep Identification) (Amendment) Regulations 2019 (S.I. No. 243 of 2019), made 28 May 2019, were considered in the preparation of this Revised Act.
Disclaimer: While every care has been taken in the preparation of this Revised Act, the Law Reform Commission can assume no responsibility for and give no guarantees, undertakings or warranties concerning the accuracy, completeness or up to date nature of the information provided and does not accept any liability whatsoever arising from any errors or omissions. Please notify any errors, omissions and comments by email to
revisedacts@lawreform.ie.
Number 16 of 2010
EUROPEAN FINANCIAL STABILITY FACILITY ACT 2010
REVISED
Updated to 28 May 2019
ARRANGEMENT OF SECTIONS
Section
2. Participation by State under EFSF Framework Agreement.
3. Payments out of Central Fund.
5. Reports by Minister to Dáil Éireann.
6. Amendment of Euro Area Loan Facility Act 2010.
EFSF Framework Agreement
Act Referred to
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2010, No. 7 |
Number 16 of 2010
EUROPEAN FINANCIAL STABILITY FACILITY ACT 2010
REVISED
Updated to 28 May 2019
AN ACT TO FACILITATE, IN THE PUBLIC INTEREST, THE FINANCIAL STABILITY OF THE EUROPEAN UNION AND FOR THAT PURPOSE—
(A) TO PROVIDE FOR MATTERS RELATING TO THE PARTICIPATION BY THE STATE IN THE EUROPEAN FINANCIAL STABILITY FACILITY, A PUBLIC LIMITED COMPANY INCORPORATED UNDER THE LAWS OF THE GRAND DUCHY OF LUXEMBOURG PURSUANT TO AN INTERGOVERNMENTAL AGREEMENT AMONG CERTAIN MEMBER STATES OF THE EUROPEAN UNION CONSEQUENT ON THE CONCLUSIONS OF 9 MAY 2010 OF THE COUNCIL OF ECONOMIC AND FINANCE MINISTERS OF THE EUROPEAN UNION REGARDING THE PRESERVATION OF FINANCIAL STABILITY IN EUROPE AND SUBJECT TO THE TERMS OF THE EFSF FRAMEWORK AGREEMENT ENTERED INTO BY CERTAIN MEMBER STATES ON THE ONE PART AND THE EUROPEAN FINANCIAL STABILITY FACILITY ON THE OTHER PART,
(B) TO PROVIDE FOR MATTERS RELATING TO GUARANTEES GIVEN BY THE STATE FOR THE PURPOSES OF THE AGREEMENT SO ENTERED INTO,
(C) TO PROVIDE FOR PAYMENTS TO BE MADE OUT OF THE CENTRAL FUND OR THE GROWING PRODUCE OF THAT FUND SO AS TO ENABLE EFFECT TO BE GIVEN TO THE AGREEMENT SO ENTERED INTO,
(D) TO PROVIDE FOR ALL RECEIPTS RECEIVED UNDER THIS ACT, INCLUDING RECEIPTS IN RESPECT OF MONEYS ADVANCED OR GUARANTEES GIVEN, TO BE PAID INTO THE EXCHEQUER,
(E) TO AMEND THE EURO AREA LOAN FACILITY ACT 2010, AND
(F) TO PROVIDE FOR RELATED MATTERS.
[3rd July, 2010]
BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: