Securitisation (Proceeds of Certain Mortgages) Act, 1995

Power of Minister to enter investment or hedging contracts, etc.

12.—(1) For the purposes of the management of the assets and liabilities of a designated body, the Minister may enter into transactions of a normal banking nature with such body including the purchase of securities issued by such body.

(2) (a) Any amounts paid by the Minister under this section shall be charged on the Central Fund or the growing produce thereof.

(b) Any amounts paid to the Minister under this section shall be paid into the Exchequer.