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Irish Statutory Instruments |
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You are here: BAILII >> Databases >> Irish Statutory Instruments >> Credit Institutions (Financial Support) (Financial Support Period) Order 2011. S.I. No. 257/2011 URL: http://www.bailii.org/ie/legis/num_reg/2011/0257.html |
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Notice of the making of this Statutory Instrument was published in |
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"Iris Oifigiúil" of 3rd June, 2011. |
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I, MICHAEL NOONAN, Minister for Finance, in exercise of the powers conferred on me by section 6 (3B) 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: |
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1. This Order may be cited as the Credit Institutions (Financial Support) (Financial Support Period) Order 2011. |
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2. For the purposes of section 6 (3B) of the Credit Institutions (Financial Support) Act 2008 (No. 18 of 2008) the period 1 July 2011 to 31 December 2011 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, |
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1 June 2011. |
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MICHAEL NOONAN, |
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Minister for Finance. |
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EXPLANATORY NOTE |
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(This note is not part of the Instrument and does not purport to be a legal interpretation.) |
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This order is made under section 6 (3B) 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 July 2011 to 31 December 2011 in respect of all eligible liabilities set out in the Eligible Liabilities Guarantee Scheme. |