Central Bank and Credit Institutions (Resolution) Act 2011

Liquidators of authorised credit institutions.

79.— (1) Only a liquidator approved by the Bank may be appointed to an authorised credit institution.

(2) A liquidator appointed by the Court to an authorised credit institution shall notify the Bank, immediately after his or her appointment, that a compensation event (within the meaning in Regulation 8A of the Regulations of 1995) has taken place.