Strategic Banking Corporation of Ireland Act 2014
PART 2 Establishment of SBCI | ||
Formation of Strategic Banking Corporation of Ireland | ||
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5. (1) The Minister shall, as soon as may be after the passing of this Act, cause a private company limited by shares, conforming to the conditions laid down in this Act, to be formed and registered under the Companies Acts. | ||
(2) The name of the company referred to in subsection (1) shall be the Strategic Banking Corporation of Ireland in this Act referred to as the SBCI. | ||
(3) Except where otherwise provided by this Act, the SBCI is independent in the performance of its functions under this Act. | ||
(4) The share capital of the SBCI shall be as set out in Part 3. | ||
(5) Paragraph (b) of subsection (1) of section 6 (inserted by section 3 of, and the First Schedule to, the Companies (Amendment) Act 1983 ) of the Companies Act 1963 does not apply to the SBCI. | ||
(6) Sections 7 (1), 8 and 15 of the Central Bank Act 1971 do not apply to the SBCI or a person who acts on behalf of the SBCI. |