Central Bank Act, 1997
Amendment of European Communities (Deposit Guarantee Schemes) Regulations, 1995. |
81.—The European Communities (Deposit Guarantee Schemes) Regulations, 1995 ( S.I. No. 168 of 1995 ) are hereby amended— | |
(a) in Regulation 3 (1), by the substitution in the definition of “relevant beneficial owner” of “10 per cent.” for “20 percent.”, | ||
and | ||
(b) in Regulation 16 (1), by the insertion of the following after paragraph (1) (i): | ||
“(j) deposits by financial institutions (as defined in Regulation 2 of the European Communities (Licensing and Supervision of Credit Institutions) Regulations, 1992); | ||
(k) deposits by an insurer (as defined in section 2 of the Insurance Act, 1989 ); | ||
(l) deposits by the Government of any State or central administrative authority; | ||
(m) deposits by provincial, regional, local and municipal authorities; | ||
(n) deposits by— | ||
(i) undertakings for collective investments in transferable securities within the meaning of the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 1989 ( S.I. No. 78 of 1989 ), | ||
(ii) a unit trust, or | ||
(iii) other collective investment schemes; | ||
(o) deposits by pension and retirement funds; | ||
(p) debt securities issued by the same institution and liabilities arising out of own acceptances and promissory notes; | ||
(q) deposits by companies which are not permitted to draw up abridged balance sheets pursuant to section 10 (1) of the Companies (Amendment) Act, 1986 , as amended by the European Communities (Accounts) Regulations, 1993 ( S.I. No. 396 of 1993 ).”. |