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Irish Statutory Instruments


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URL: http://www.bailii.org/ie/legis/num_reg/2012/0521.html

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S.I. No. 521/2012 -� Credit Institutions (Financial Support) (Financial Support Period)(No. 2) Order 2012.

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Notice of the making of this Statutory Instrument was published in

-�Iris Oifigiúil-� of 21st December, 2012.

I, MICHAEL NOONAN, Minister for Finance, in exercise of the powers conferred on me by section 6 (4A) of the Credit Institutions (Financial Support) Act 2008 (No. 18 of 2008), having regard to the matters set out in section 2 of that Act, hereby order as follows:

1. This Order may be cited as the Credit Institutions (Financial Support) (Financial Support Period)(No. 2) Order 2012.

2. For the purposes of section 6 (4A) of the Credit Institutions (Financial Support) Act 2008 (No. 18 of 2008) the period 1 January 2013 to 30 June 2013 is specified as a period during which credit institutions may incur borrowings, liabilities and obligations in respect of which financial support is provided under the Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009 ( S.I. No. 490 of 2009 ).

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GIVEN under my Official Seal,

14 December 2012.

MICHAEL NOONAN,

Minister for Finance.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

This order is made under Section 6 (4A) of the Credit Institutions (Financial Support) Act 2008 which provides that the Minister may specify a period in respect of which such borrowings, liabilities and obligations may be incurred. The Minister thus sets out the issuance period of 1 January 2013 to 30 June 2013 in respect of all eligible liabilities set out in the Scheme.

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