15. (1) The Act of 2000 is amended—

(a) by inserting after section 20A (inserted by section 76(g) of the Act of 2010) the following:

“ 20B. (1) Notwithstanding any provision of this Act, the Minister may give directions in writing to the Commission to—

(a) provide credit to, or make an investment in, the Strategic Banking Corporation of Ireland on terms or conditions specified in the direction,

(b) exercise, on the terms and conditions specified in the direction, any rights attaching to such credit arrangement or investment,

(c) terminate or dispose of, on the terms and conditions specified in the direction, the credit arrangement or investment, or

(d) provide funding to the Strategic Banking Corporation of Ireland for the purposes of funding the subscription of shares by the Minister in accordance with section 11(4) of the Strategic Banking Corporation of Ireland Act 2014.

(2) The Commission shall comply with a direction given under subsection (1).”,

and

(b) in section 2, in the definition of “directed investment” by substituting for paragraph (a) (as amended by section 76(a) of the Act of 2010) the following:

“(a) an investment made by the Commission pursuant to a direction under section 19A, 19AA or 20B,”.

(2) In this section “Act of 2010” means Credit Institutions (Stabilisation) Act 2010.