Asset Covered Securities Act, 2001
PART 7 Effect of Potential Insolvency Process on Designated or Formerly Designated Credit Institution | ||
Application and operation of this Part. |
81.—(1) Except as provided by section 87 , the following enactments do not affect the application and operation of this Part in respect of designated and formerly designated credit institutions: | |
(a) the Companies Acts; | ||
(b) the Bankruptcy Acts, 1988 and 2001; | ||
(c) the Taxes Acts; | ||
(d) the supervisory enactments; | ||
(e) any other enactment or any rule of law relating to an insolvency process. | ||
(2) For the purposes of subsection (1), “Taxes Acts” has the same meaning as is given to the expression “the Acts” in section 811 (1)(a) of the Taxes Consolidation Act, 1997 . | ||
(3) This Part does not apply to a cover assets hedge contract that has been removed from the relevant register of mortgage covered securities business, or register of public credit covered securities business, in accordance with this Act. |