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Amendment of section 56 of Principal Act
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11. Section 56 of the Principal Act is amended by the substitution of the following subsection for subsection (5):
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“(5) Of the members of the Board—
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(a) one shall be a person nominated for such appointment by Insurance Ireland (or any successor of it), and
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(b) one shall be an employee of the Central Bank of Ireland nominated for such appointment by the Governor of the Central Bank of Ireland.”.
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