S.I. No. 382/2002 - Asset Covered Securities Act, 2001 (Sections 38(6) and 53(6)) Regulations, 2002

The Central Bank of Ireland (the “Authority”), in exercise of the powers conferred on it by Sections 38 (6) and 53 (6) of the Asset Covered Securities Act, 2001 (No. 47 of 2001) , hereby makes the following Regulations:

1.   These Regulations may be called the Asset Covered Securities Act, 2001 (Sections 38(6) and 53(6)) Regulations, 2002.

2.   In these Regulations the “Act” means the Asset Covered Securities Act, 2001 (No 47. of 2001). A word or expression that is used in these Regulations and is also used in the Act has, unless the contrary intention appears, the same meaning in these Regulations as in the Act.

3.   The prescribed place for the location of the register of mortgage covered securities business for the purposes of Section 38 (6) of the Act shall be the registered office or head office of the designated mortgage credit institution, or such other office as has been notified in writing to the Authority for such purpose, and which in each case shall be located within the State.

4.   The prescribed place for the register of public credit covered securities business for the purposes of Section 53 (6) of the Act shall be the registered office or head office of the designated public credit institution, or such other office as has been notified in writing to the Authority for such purposes, and which in each case shall be located within the State.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

These Regulations:

1.   prescribe the place where a designated mortgage credit institution must keep a register for the purposes of the Act; and

2.   prescribe the place where a designated public credit institution must keep a register for the purpose of the Act.