Credit Institutions (Stabilisation) Act 2010
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Prescribed institutions. |
3.— The Minister may make regulations to prescribe a person (including a body corporate that is incorporated after the coming into operation of this Act) for the purposes of paragraph (d) of the definition of “relevant institution” in section 2 (1) if— | |
(a) in the case of a body, it has its registered office, chief office or principal place of business in the State, | ||
(b) in the case of an individual, his or her ordinary residence is in the State, | ||
(c) all or any of a relevant institution’s assets or liabilities are transferred, after the coming into operation of this section, to the person under this Act, the Companies Acts, the Central Bank Act 1971 , the Building Societies Act 1989 or the Credit Union Act 1997 , and | ||
(d) the Minister is of the opinion that it is necessary or desirable for the purposes of this Act that the person be so prescribed. |