Finance (Miscellaneous Provisions) Act 2015

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Charges, etc., on deposit protection account

11. The Act of 2009 is amended by substituting for section 6 the following:

“6. (1) Any charge purported to be created, other than by the Bank, on a deposit by a credit institution in the legacy fund is void.

(2) A deposit by a credit institution in the legacy fund shall not be subject to any form of execution in satisfaction of any claim, or any judgment, order or decree of any court in the State in favour of any creditor, otherwise than in accordance with the provisions of the Deposit Guarantee Regulations.”.