Strategic Banking Corporation of Ireland Act 2014
SBCI’s relationship with NTMA
10. (1) The NTMA shall provide the SBCI and any SBCI group entity with such business and support services and systems as the SBCI determines, after consultation with the Chief Executive of the NTMA, from time to time, to be necessary or expedient for the SBCI to perform its functions.
(2) Where the NTMA is unable for any reason to provide business and support services or systems referred to in subsection (1) , the NTMA, as agent of the SBCI or of the SBCI group entity, may procure such services or systems as are necessary.
(3) The NTMA shall assign so many of its staff to the SBCI as the SBCI determines, after consultation with the Chief Executive of the NTMA, from time to time, to be necessary for the performance by the SBCI of its functions under this Act.
(4) The NTMA—
(a) shall provide the SBCI and any SBCI group entity with treasury services and advice in connection with debt securities and borrowings of the SBCI or the SBCI group entity and the performance of any of the SBCI’s functions under this Act, and
(b) may, for any purpose related to the provision of such treasury services and advice, enter into transactions of a normal banking nature, in accordance with section 13(4), with any person as agent of the SBCI or of the SBCI group entity.
(5) The SBCI or the SBCI group entity, as the case may be, shall reimburse the NTMA for the costs incurred by the NTMA in consequence of services provided to the SBCI, or the SBCI group entity, by the NTMA, including, but not limited to, its providing the SBCI with services, systems and advice and its assigning staff to the SBCI under this section.