10.— (1) A fund, to be known as the Credit Institutions Resolution Fund and referred to in this Act as “the Fund”, is established.

(2) The purpose of the Fund is to provide a source of funding for the resolution of financial instability in, or an imminent serious threat to the financial stability of, an authorised credit institution, and in particular—

(a) F3[…]

(b) to provide funds for any payment required pursuant to section 37(1), 42(5), F4[46,] 48 or 98,

(c) with the written consent of the Minister, to provide capital for a bridge-bank, and

(d) to meet the Bank’s expenses in discharging its functions under this Act.

(3) The Fund shall be constituted by—

(a) the contributions made by authorised credit institutions pursuant to section 13,

(b) any sums paid into it by the Minister pursuant to section 12,

(c) any assets of a bridge-bank transferred to it pursuant to section 17(6), and

(d) interest on those sums, contributions and assets.

(4) F5[Subject to section 11(3), the Bank] shall not provide any funds to the Fund from its own resources.