Strategic Banking Corporation of Ireland Act 2014
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Disapplication of certain sections of Companies Acts | ||
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22. The following provisions of the Companies Acts shall be disapplied to the SBCI: | ||
(a) section 60 (1) of the Companies Act 1963 (the prohibition on providing financial assistance in connection with a purchase or subscription for shares in the SBCI); | ||
(b) the presumption in section 26 (6) of the Companies Act 1990 that a sole member of a single member company is a connected person; | ||
(c) Part IV of the Companies Act 1990 (the requirement to disclose interests in shares to the SBCI). |