Credit Institutions (Stabilisation) Act 2010


Application of laws in relation to transfers, etc., of credit institutions.

54.— Parts 2 and 3 of the Competition Act 2002 and section 7 of the Act of 2008 do not apply with respect to—

(a) the issue of shares in a relevant institution to the Minister or to a nominee of the Minister under a direction order,

(b) the appointment of a special manager to a relevant institution,

(c) the acquisition or disposal of an asset, or all of the assets, of a relevant institution or a liability of that institution by a special manager or under a direction order, or

(d) a transfer under a transfer order.