Credit Institutions (Stabilisation) Act 2010
Proposed orders to be kept in confidence.
59.— (1) A person shall not F59[(other than the Minister)] publish the fact that the Minister proposes to make or has made a proposed direction order, proposed special management order, proposed subordinated liabilities order or proposed transfer order unless required to do so by an enactment.
(2) A person (including a relevant institution) who contravenes subsection (1) commits an offence punishable—
(a) on summary conviction by a fine not exceeding €5,000 or imprisonment for a term not exceeding 12 months or both, or
(b) on conviction on indictment by a fine not exceeding €100,000 or imprisonment for a term not exceeding 3 years or both.
(3) It is not a contravention of subsection (1) for a relevant institution to disclose a fact referred to in that subsection for the purposes of obtaining professional advice.
Annotations
Amendments:
F59
Inserted (28.10.2011) by Central Bank and Credit Institutions (Resolution) Act 2011 (27/2011), s. 110(5) and sch. 2 part 5 item 57, S.I. No. 548 of 2011.
Editorial Notes:
E4
A fine of €5,000 translates into a class A fine, not greater than €5,000, as provided (4.01.2011) by Fines Act 2010 (8/2010), ss. 3, 4(3) and table ref. no. 1, S.I. No. 662 of 2010.