Source: http://revisedacts.lawreform.ie/eli/2009/act/1/revised/en/html
Timestamp: 2020-07-12 10:05:33
Document Index: 517391375

Matched Legal Cases: ['art 1', 'art 1', 'art 14', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1']

“Central Bank” means the Central Bank F1 [ … ] of Ireland;
( a) materially prejudice the commercial or industrial interests of a person or of a group or class of persons, or
( b) prejudice the competitive position of a person in the conduct of the person’s business, profession or occupation;
“extinguished rights” means rights extinguished by section 10(1) in or in relation to Anglo Irish Bank;
“nominee” means nominee of the Minister, including a nominee that is a company;
“subsidiary undertaking”, in relation to Anglo Irish Bank, has the same meaning as in the European Communities (Companies: Group Accounts) Regulations 1992 ( S.I. No. 201 of 1992);
“transferred shares” means the shares in Anglo Irish Bank transferred to the Minister under section 5 .
Deleted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 15(1) and sch. 2 part 1 item 1, S.I. No. 469 of 2010.
Deleted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 15(1) and sch. 2 part 1 item 2, S.I. No. 469 of 2010.
Central Bank Reform Act 2010 (23/2010), s. 15(14) and sch. 2 part 14 par. 30 provides for the substitution of “Central Bank of Ireland” for “Central Bank and Financial Services Authority of Ireland” in the definition of “Central Bank” in section. This amendment was already made by Central Bank Reform Act 2010 (23/2010), s. 15(1) and sch. 2 part 1 item 1, as per F note above.
( a) there are serious concerns about the viability of Anglo Irish Bank, or would be if those functions were not performed, and
( b) the performance of those functions is necessary, in the public interest—
(2) The Minister may continue to consult the Governor F3 [ and the Central Bank ] in the continuing performance of the Minister’s functions under this Act.
(3) Nothing in this Act prevents the performance by the Central Bank F4 [ … ] of its functions in relation to Anglo Irish Bank or any credit institution authorised or regulated in the State, or affects any obligation arising under the treaties governing the European Communities (within the meaning given by section 1 of the European Communities Act 1972) or the ESCB Statute (within the meaning given by section 2 of the Central Bank Act 1942).
Substituted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 15(1) and sch. 2 part 1 item 3, S.I. No. 469 of 2010.
Deleted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 15(1) and sch. 2 part 1 item 4, S.I. No. 469 of 2010.
( a) the Companies Acts or any other enactment, or
( b) the memorandum and articles of Anglo Irish Bank or any of its subsidiaries or subsidiary undertakings.
( a) freed from any liability or any equitable or beneficial right, title or interest (including a security interest) formerly attaching to any such share, and
( b) together with all rights, benefits and privileges which, on or after the commencement of this Act, attach or accrue to or arise from any such share.
( a) rights (however described) to subscribe for shares, or options over shares, in Anglo Irish Bank arising from or in connection with an individual’s employment by or office with Anglo Irish Bank, or any of its subsidiaries or subsidiary undertakings;
( b) other options or rights held by a person to subscribe for or otherwise acquire, from Anglo Irish Bank, shares in Anglo Irish Bank.
(2) In subsection (1)“listing” has the same meaning as in the European Communities (Admissions to Listing and Miscellaneous Provisions) Regulations 2007 ( S.I. No. 286 of 2007).
( a) a position of director of Anglo Irish Bank or any of its subsidiaries or subsidiary undertakings,
( b) being its secretary or the secretary of any of its subsidiaries or subsidiary undertakings,
( c) any of the following:
( d) being its auditor or the auditor of any of its subsidiaries or subsidiary undertakings,
( e) being the trustee of a pension fund established or otherwise in existence primarily for the benefit of one or more of, or any class or classes of, the following:
( f) being the trustee of an employee share scheme established for the benefit of employees of it or any of its subsidiaries or subsidiary undertakings.
( a) a court, tribunal or rights commissioner may not grant any remedy that would have the effect of preventing or restraining the Minister or the Minister’s nominee from exercising his or her functions under subsection (1), and
(6) In this section “director” includes a director appointed under section 20 .
21.— (1) While the Minister or the Minister’s nominee is a member of Anglo Irish Bank, none of the persons mentioned in subsection (2) is to be taken to be a shadow director (within the meaning given by section 27(1) of the Companies Act 1990) nor what is known as a de facto director nor (unless otherwise appointed as a director) as a person discharging managerial responsibilities of—
( a) Anglo Irish Bank,
( b) any of its subsidiaries, or
( c) any of its subsidiary undertakings.
( b) the Minister’s nominee,
( c) any person to whom the Minister’s functions under this Act are delegated, whether under the National Treasury Management Agency Act 1990 or otherwise,
( d) the Governor,
( e) any director of the Central Bank,
( f) F5 [ … ]
( g) officers of, or consultants or advisors to, and persons employed by or under, or acting on behalf of, the Minister, the Central Bank F6 [ … ].
Deleted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 15(1) and sch. 2 part 1 item 5, S.I. No. 469 of 2010.
Deleted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 15(1) and sch. 2 part 1 item 6, S.I. No. 469 of 2010.
( a) the Central Bank;
( b) the Governor;
( c) a person appointed by the Assessor under subsection (4)(a) to represent a class of persons whose shares were transferred to the Minister by section 5 or whose rights have been extinguished under section 10 ;
( d) a person—
( e) the Minister, and, if the Minister so specifies, the National Treasury Management Agency;
( f) any other person from whom the Assessor invites a submission.
( a) the appointment of representatives of persons holding the same class or classes of shares or having substantially the same interests,
( b) the form and type of submissions to be made to the Assessor,
( c) the means by which confidential information should be protected from public disclosure, and
( d) performing any of the Assessor’s functions.
( b) any other person, or each person in any class of persons, that the Minister specifies in writing,
( a) the fair and reasonable aggregate value of the transferred shares and extinguished rights, and the consequent total amount payable as fair and reasonable compensation,
( b) the value attributable to each class of share or extinguished right that the Assessor considers gives rise to a valid claim for payment of compensation, and
( c) whether the Assessor considers that the payment of interest on the amounts payable is appropriate in the circumstances, and if so what the rate of interest should be.
( a) a summary of the evidence on which the Assessor relied in making his or her determination, and
( b) the Assessor’s reasons for making the determination.
( a) the making of a claim for compensation,
( b) if necessary, facilitating the calculation of the amount payable to each person concerned,
( c) the payment of those amounts to those persons, and
( d) if the Assessor considers that the payment of interest is appropriate in the circumstances, the payment of that interest.
( a) the correction by the Assessor of any clerical, computational or typographical error, or any error of a similar nature, contained in the Assessor’s report under section 27 or any determination of compensation payable to a person;
( b) how notice is to be given to persons as to whether their claims for compensation have been accepted or rejected.
( a) the register of members of Anglo Irish Bank immediately before the commencement of this Act,
( b) any records kept by Anglo Irish Bank of options or rights of the kind referred to in section 10(1)(a) and (b), and
( c) any other record that the Assessor reasonably believes to be relevant and reliable.
( a) apportioning the fair and reasonable aggregate value of the transferred shares determined under section 25 between classes of shares, and
( b) dividing the value determined under paragraph (a) for a class of shares by the number of shares of that class actually issued on 15 January 2009.
( a) the Assessor’s determination under section 25 ,
( b) the Assessor’s rejection of a person’s claim for compensation, or
( c) the Assessor’s determination of the sum that a person is entitled to as compensation.
(8) The provisions (except subsections (1) and (4) of section 57L) of Chapter 3 of Part VIIA (inserted by the Central Bank and Financial Services Authority of Ireland Act 2003) of the Central Bank Act 1942 apply to an appeal under this section, except that references in that Chapter to the Regulatory Authority are to be read as references to the Assessor.
(9) For the purposes of determining an appeal under this section, the Tribunal may refer a question of law to the High Court in accordance with section 57AJ (inserted by the Central Bank and Financial Services Authority of Ireland Act 2003) of the Central Bank Act 1942.
( a) bearing interest at such rate as he or she thinks fit, or no interest,
( b) for such cash or non-cash consideration or deferred consideration as he or she thinks fit, and
( c) subject to such terms and conditions as to repayment, repurchase, cancellation and redemption or any other matter as he or she thinks fit.
38.— (1) Section 54 of the Finance Act 1970 is amended by inserting the following after subsection (7C) (inserted by the Credit Institutions (Financial Support) Act 2008):
( a) may engage in such transactions of a normal banking nature with any person as he or she considers appropriate—
( b) may for the purpose of those transactions issue such funds from the Exchequer as he or she considers appropriate.
( a) by substituting “under the following enactments:” for “under—”;
( b) by renumbering the paragraphs numbered ( gg) to ( ggggg) as paragraphs ( ga) to ( gd) respectively;
( c) by inserting after paragraph ( gd) (inserted by the Credit Institutions (Financial Support) Act 2008 and renumbered by paragraph ( b)):
“( ge) section 54(7D) (inserted by the Anglo Irish Bank Corporation Act 2009) of the Finance Act 1970,”;
( d) by deleting “and” after paragraph ( r);
( e) by inserting after paragraph ( s) (inserted by the Credit Institutions (Financial Support) Act 2008):
“( t) subsections (3) and (4) of section 3, and section 34, of the Anglo Irish Bank Corporation Act 2009”.
(3) Schedule 2 (inserted by the Central Bank and Financial Services Authority of Ireland Act 2003) to the Central Bank Act 1942 is amended by inserting the following in Part 1 after the item relating to the Consumer Protection Act 2007:
Section 22(6) .
( a) to appear before the Assessor to give evidence about the matter, or
( a) specify the matter to which the evidence relates, or specify or describe the document to be produced, as the case requires, and
( b) in the case of a notice to appear before the Assessor to give evidence—
( a) the person does not have the document and cannot by any reasonable effort obtain it; or
( b) the person could not be compelled to produce it in a court of law.
( a) give directions as to the persons (other than the Assessor or the Assessor’s staff) who may be present during the proceeding;
( a) refuses or fails to swear an oath on being required to do so by the Assessor, or
( b) refuses or fails to give evidence in compliance with a requirement made under paragraph 1, or
( c) refuses or fails to answer a question put to the person by the Assessor or in cross-examination with the Assessor’s permission.
( a) to produce to the Assessor a document in accordance with a requirement by the Assessor,
( b) to attend before the Assessor when required so to do, or
( c) to answer a question put to him or her by the Assessor,
( a) order the person concerned to attend or re-attend before the Assessor, or to produce a particular document or answer a particular question put to him or her by the Assessor, or
( b) order that the person concerned need not produce a particular document, or answer a particular question put to him or her by the Assessor.