Central Bank and Credit Institutions (Resolution) Act 2011


Bank’s powers in liquidation of authorised credit institutions

Interpretation (Part 7).

75.— (1) In this Part—

“deposit protection account” has the same meaning as in the Regulations of 1995;

“eligible depositor” means a person with an eligible deposit (within the meaning given by the Regulations of 1995);

“full payment resolution” has the meaning given by section 84 (3) (a);

“liquidator” means a liquidator appointed to an authorised credit institution;

“Regulations of 1995” means the European Communities (Deposit Guarantee Schemes) Regulations 1995 ( S.I. No. 168 of 1995 ).

(2) A reference in this Part to Objective 1 or Objective 2, or the objectives of a liquidator of an authorised credit institution, shall be construed in accordance with section 80 .

(3) Notwithstanding section 3 (2), a reference in this Part to an authorised credit institution includes a reference to a relevant institution within the meaning of the Act of 2010.

(4) Expressions used in this Part and in the Companies Acts have the same meanings in this Part as in the Companies Acts except to any extent that this Part provides otherwise.