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National Treasury Management Agency (Amendment) Act 2014
Number 23 of 2014
NATIONAL TREASURY MANAGEMENT AGENCY (AMENDMENT) ACT 2014
REVISED
Updated to 22 September 2026
This Revised Act is an administrative consolidation of the National Treasury Management Agency (Amendment) Act 2014. It is prepared by the Law Reform Commission in accordance with its function under the Law Reform Commission Act 1975 (3/1975) to keep the law under review and to undertake revision and consolidation of statute law.
All Acts up to and including the Development (Strategic Gas Reserve) Act 2026 (36/2026), enacted 23 July 2026, and all statutory instruments up to and including the National Treasury Management Agency (Amendment) Act 2000 (State Authority) Order 2026 (S.I. No. 491 of 2026), made 22 September 2026, were considered in the preparation of this Revised Act.
Disclaimer: While every care has been taken in the preparation of this Revised Act, the Law Reform Commission can assume no responsibility for and give no guarantees, undertakings or warranties concerning the accuracy, completeness or up to date nature of the information provided and does not accept any liability whatsoever arising from any errors or omissions. Please notify any errors, omissions and comments by email to revisedacts@lawreform.ie.
Number 23 of 2014
NATIONAL TREASURY MANAGEMENT AGENCY (AMENDMENT) ACT 2014
REVISED
Updated to 22 September 2026
CONTENTS
Preliminary and General
Section
1. Short title, collective citation, construction and commencement
National Treasury Management Agency
12. Accountability of Chief Executive
13. Disqualification of members of staff
17. Disclosure of confidential information
State Assets and Investment
19. Financial and commercial advisory functions relating to designated bodies
20. Financial and commercial advisory functions relating to other bodies
21. Annual performance reports on designated bodies
Infrastructure Projects
26. Functions relating to projects
27. Policy directions and guidance
28. Obligation of State authority
29. Prescribing of State authority, etc.
30. Repayment of expenses of Agency
Claims Management
32. Claim for costs — definition
33. Additional functions of Agency
34. Delegation to Agency of claims for costs management function
35. Functions of Attorney General
36. Satisfaction of claims for costs
Ireland Strategic Investment Fund
38. Ireland Strategic Investment Fund
39. Investment policy for Fund
40. Investment strategy for Fund
42. Directions to make certain investment, etc.
42B. Funding of the Land Development Agency
43. Directions in relation to certain investments
44. Relevant acquisitions and relevant transfers
45. Certain persons not to be shadow directors
47. Payments from Fund to Exchequer
47A. Transfer of assets (including money) from Fund to meet exceptional contingencies (Repealed)
48. Expenses of Agency in relation to Fund
49. Report and information to Minister relating to operation of Fund
49A. Investment in Fossil Fuel Undertakings
Functions of Agency and other Provisions in Respect of Certain Matters Relating to Irish Bank Resolution Corporation and National Asset Management Agency
Functions of Agency generally in respect of certain matters of Irish Bank Resolution Corporation Limited and National Asset Management Agency
49C. Functions of Agency generally in respect of relevant residual matters
49D. Payment of surplus funds, distribution of assets in specie
49E. No shadow or de facto directorship
Participating Institutions
49G. Agency to have rights of creditors in respect of NAMA bank assets
49H. Enforcement of certain representations, etc.
49I. No liability for wrongs by participating institutions in relation to NAMA bank assets
General provisions in relation to relevant bank assets
49J. Conditions, etc., of relevant bank assets unaffected
49K. Rights of others not affected by acquisition of relevant bank assets, etc.
49L. No requirement to register certain instruments, etc.
49M. Certificates in relation to relevant bank assets
General powers in relation to assets
49N. Interpretation (Chapter 4)
49O. Disposal of relevant bank assets
Transfer of residual matters not to give rise to cause of action, etc.
49Q. Transfer of residual matters not to give rise to cause of action, etc.
Specific provisions in relation to legal proceedings
49R. Conduct of NAMA-related legal proceedings
49S. Evidence - amount of debt due
49T. Evidence - application of Bankers’ Books Evidence Act 1879
Use of Information
49V. Deemed consent to disclosure of information
49Y. Operation of Data Protection Act 2018
Making certain payments in certain circumstances
49Z. Making certain payments in certain circumstances
Agency, subsidiary of Agency not to be taken to be carrying on banking business, etc.
49AA. Agency, subsidiary of Agency not to be taken to be carrying on banking business, etc.
Operation of certain provisions of Land Registration Rules 2012 to 2021
49AB. Operation of certain provisions of Land Registration Rules 2012 to 2021
References in Companies Act 2014 to statutory auditor, audit of statutory financial statements, in relation to subsidiary of Agency
Offences
Other Provisions
Dissolution of National Pensions Reserve Fund Commission
50. Dissolution of National Pensions Reserve Fund Commission
Dissolution of National Development Finance Agency
51. Dissolution of National Development Finance Agency
Dissolution of Committees
52. Dissolution of Advisory Committee
53. Dissolution of State Claims Policy Committee
Transitional provisions
Miscellaneous
56. Amendment of Schedule 5 (specified bodies) to Social Welfare Consolidation Act 2005
Amendments of Acts
Amendment of Finance Act 1970
Amendments of Ombudsman Act 1980
Amendments of National Treasury Management Agency Act 1990
Amendments of Taxes Consolidation Act 1997
Amendments of Stamp Duties Consolidation Act 1999
Amendments of National Treasury Management Agency (Amendment) Act 2000
Amendments of State Authorities (Public Private Partnership Arrangements) Act 2002
Amendment of Credit Institutions (Stabilisation) Act 2010
Amendments of Ministers and Secretaries (Amendment) Act 2011
Amendment of Education and Training Boards Act 2013
Amendments of Statutory Instruments
Amendments of Ethics in Public Office (Prescribed Public Bodies, Designated Directorships of Public Bodies and Designated Positions in Public Bodies) Regulations 2004
Amendments of Official Languages Act 2003 (Public Bodies) Regulations 2006
Amendments of European Communities (Markets in Financial Instruments) Regulations 2007
Amendment of Return of Payments (Banks, Building Societies, Credit Unions and Savings Banks) Regulations 2008
Amendments of General Government Secured Borrowings Order 2011
Amendment of Return of Payments (Insurance Undertakings) Regulations 2011
State Authorities
Transitional Provisions
Introductory
Transfers on Fund Constitution Date
Foreign Property etc.: Interim Period
Transfers on Finance Agency Dissolution Date
Accounts and Reports
Other Provisions
Acts Referred to
Arbitration Act 2010 (No. 1)
Central Bank Act 1997 (No. 8)
Children Act 2001 (No. 24)
Commissions of Investigation Act 2004 (No. 23)
Companies Act 1963 (No. 33)
Companies Act 1990 (No. 33)
Companies Acts
Competition Act 2002 (No. 14)
Comptroller and Auditor General (Amendment) Act 1993 (No. 8)
Comptroller and Auditor General Acts 1866 to 1998
Credit Institutions (Stabilisation) Act 2010 (No. 36)
Education Act 1998 (No. 51)
Education and Training Boards Act 2013 (No. 11)
Ethics in Public Office Act 1995 (No. 22)
European Parliament Elections Act 1997 (No. 2)
Finance Act 1970 (No. 14)
Forestry Act 1988 (No. 26)
Harbours Acts 1946 to 2005
Interpretation Act 2005 (No. 23)
Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Act 2009 (No. 7)
Irish Takeover Panel Act 1997 (No. 5)
Local Government Act 2001 (No. 37)
Ministers and Secretaries (Amendment) Act 2011 (No. 10)
Ministers and Secretaries Act 1924 (No. 16)
National Development Finance Agency (Amendment) Act 2007 (No. 16)
National Development Finance Agency Act 2002 (No. 29)
National Pensions Reserve Fund Act 2000 (No. 33)
National Treasury Management Agency (Amendment) Act 2000 (No. 39)
National Treasury Management Agency Act 1990 (No. 18)
National Treasury Management Agency Acts 1990 and 2000
Ombudsman Act 1980 (No. 26)
Prisons Act 1970 (No. 11)
Prisons Act 1972 (No. 7)
Regional Technical Colleges Act 1992 (No. 16)
Social Welfare Consolidation Act 2005 (No. 26)
Stamp Duties Consolidation Act 1999 (No. 31)
State Authorities (Public Private Partnership Arrangements) Act 2002 (No. 1)
Taxes Consolidation Act 1997 (No. 39)
Tribunals of Inquiry (Evidence) (Amendment) Act 1979 (No. 3)
Universities Act 1997 (No. 24)
Number 23 of 2014
NATIONAL TREASURY MANAGEMENT AGENCY (AMENDMENT) ACT 2014
REVISED
Updated to 22 September 2026
An Act to provide for and in connection with the reconstitution of the National Treasury Management Agency; to confer on that Agency new functions relating to State bodies and assets and proposals for investment; to transfer to that Agency functions of the National Development Finance Agency relating to infrastructure; to provide for the delegation to, and conferral on, the National Treasury Management Agency of functions in relation to the management of certain claims for costs of a legal nature against, or in favour of, the State and certain related functions; to provide for the Ireland Strategic Investment Fund and the transfer to it of the assets and liabilities of the National Pensions Reserve Fund and to provide for its management by the National Treasury Management Agency; to provide for the dissolution of the National Pensions Reserve Fund Commission, the National Development Finance Agency and certain committees; for those and other purposes to amend the National Treasury Management Agency Act 1990, the National Treasury Management Agency (Amendment) Act 2000 and certain other enactments and to repeal the National Pensions Reserve Fund Act 2000, the National Development Finance Agency Act 2002 and certain other enactments; to amend the State Authorities (Public Private Partnership Arrangements) Act 2002 and the Social Welfare Consolidation Act 2005; and to provide for related purposes.
[26 the July, 2014]
Be it enacted by the Oireachtas as follows: