S.I. No. 519/2012 - Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2012.

1. This Scheme may be cited as the Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2012.

Amendments.

2. The Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009 (

S.I. No. 490 of 2009

) is amended as set out in the Schedule.

SCHEDULE

Amendments to the Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009

Item

Provision Amended

Amendment

1

Article 3

After the definition of “eligible liabilities guarantee scheme agreement”, substitute: “3.8A ‘financial support period order’ means an order under section 6(4A) of the Act;”.

2

Schedule, paragraph 3.1

(b)

Delete “2012”, substitute “2013”.

3

Schedule, paragraph 11.1

(c)(ii)

Delete “2012”, substitute “2013”.

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 scheme is made pursuant to

section 6

(4) of the

Credit Institutions (Financial Support) Act 2008

(the Act). This scheme provides for further amendments to the Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009 (

S.I. No. 490 of 2009

) by extending the Scheme period to 31 December 2013 (subject to continuing EU state aid approval).

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of

21

st December

, 2012.

I, MICHAEL NOONAN, Minister for Finance, in exercise of the powers conferred on me by

section 6

(4) of the

Credit Institutions (Financial Support) Act 2008

(No. 18 of 2008), hereby make the following scheme, a draft of which has been laid before each House of the Oireachtas pursuant to section 6(5) of that Act, and a resolution approving of the draft has been passed by each such House

Citation.