Central Bank and Credit Institutions (Resolution) Act 2011


Repayment of financial incentive.

47.— F13[If a liability to repay arises under section 46(5)] in relation to a transfer order that transfers assets or liabilities of a subsidiary or holding company of an authorised credit institution, that credit institution and the subsidiary or holding company are jointly and severally liable to make the repayment.




Substituted (1.08.2013) by Central Bank (Supervision and Enforcement) Act 2013 (26/2013), s. 82(7), S. I. No. 287 of 2013.