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

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-.

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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 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).

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