S.I. No. 425/2008 - Credit Institutions (Financial Support) (Specification of Institutions) (No. 2) Order 2008
Statutory Text (3 Articles)
1. This Order may be cited as the Credit Institutions (Financial Support) (Specification of Institutions) (No. 2) Order 2008.
2. Postbank Ireland Limited is specified for the purposes of
section 6
(1) of the
Credit Institutions (Financial Support) Act 2008
.
GIVEN under my Official Seal
5 November 2008
BRIAN LENIHAN
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
(1) of the
Credit Institutions (Financial Support) Act 2008
(the Act) which provides that the Minister may provide financial support in respect of covered liabilities of any credit institution or subsidiary which the Minister may specify by order. The institution named in this further order is a covered institution under the Credit Institutions (Financial Support) Scheme 2008 which was made by the Minister pursuant to section 6(4) of the Act.
Notice of the making of this Statutory Instrument was published in
“Iris Oifigiúil” of
7
th November
, 2008.
I, BRIAN LENIHAN, Minister for Finance, in exercise of the powers conferred on me by
section 6
(1) 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