S.I. No. 419/2008 - European Communities (Financial Instruments Analogous to Prize Bonds) Regulations 2008
EUROPEAN COMMUNITIES (FINANCIAL INSTRUMENTS ANALOGOUS TO PRIZE BONDS) REGULATIONS 2008 | ||
Notice of the making of this Statutory Instrument was published in | ||
“Iris Oifigiúil” of 31st October, 2008. | ||
I, DERMOT AHERN, T.D., Minister for Justice, Equality and Law Reform in exercise of the powers conferred on me by section 3 of the European Communities Act 1972 (No. 27 of 1972) (as amended by section 2 of the European Communities Act 2007 (No. 10 of 2007)) and for the purpose of giving full effect to Council Directive 88/361/EEC of 24 June 1988 for the implementation of Article 67 of the Treaty, hereby make the following regulations: | ||
1. These Regulations may be cited as the European Communities (Financial Instruments Analogous to Prize Bonds) Regulations 2008. | ||
2. The Gaming and Lotteries Acts 1956 to 2003 do not apply to financial instruments which are analogous to non-interest bearing securities created and issued by the Minister for Finance under Part V of the Finance (Miscellaneous Provisions) Act 1956 (No. 47 of 1956), in relation to which chance may be used to select particular securities for prizes, issued by— | ||
(a) another Member State, | ||
(b) a regional authority in another Member State, or | ||
(c) a local authority in another Member State. | ||
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GIVEN under my Official Seal, | ||
27 October 2008 | ||
DERMOT AHERN, | ||
Minister for Justice, Equality and Law Reform. | ||
EXPLANATORY NOTE | ||
(This note is not part of the Instrument and does not purport to be a legal interpretation) | ||
These Regulations provide that the Gaming and Lotteries Acts 1956 to 2003 do not apply to financial instruments analogous to prize bonds which are on offer by another Member State. |
