14. (1) The Finance Act 1970 is amended in section 54 after subsection (7F) (inserted by section 17 of the Irish Bank Resolution Corporation Act 2013) by inserting the following:

“(7G) (a) The Minister for Finance—

(i) may engage in such transactions of a normal banking nature with the Strategic Banking Corporation of Ireland and any other persons in connection with any of the functions of the Strategic Banking Corporation of Ireland under this Act as the Minister considers appropriate, and

(ii) may, for the purpose of the transactions referred to in paragraph (a), issue such funds from the Exchequer, as he or she considers appropriate.

(b) The expenses and other costs incurred by the Minister for Finance in connection with or arising out of the transactions referred to in this subsection shall be charged on the Central Fund or the growing produce thereof.”

(2) The First Schedule to the National Treasury Management Agency Act 1990 is amended by inserting after paragraph (gg) (inserted by section 17 of the Irish Bank Resolution Corporation Act 2013) the following:

“(gh) section 54(7G) of the Finance Act 1970,”.