Central Bank and Credit Institutions (Resolution) Act 2011
|
PART 5 Transfer of assets and liabilities | ||
|
Interpretation (Part 5). |
20.— (1) In this Part— | |
“financial incentive” shall be construed in accordance with section 46 ; | ||
“market value”, in relation to assets and liabilities, shall be construed in accordance with section 28 . | ||
(2) A reference in this Part to the transferor in relation to a transfer order shall be construed as a reference to the authorised credit institution, or a subsidiary or holding company of the authorised credit institution, the assets or liabilities of which are to be transferred pursuant to the order. |