Central Bank and Credit Institutions (Resolution) Act 2011
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Bank may make money available. |
81.— (1) The Bank may, for the purpose of cooperating in the pursuit of Objective 1, and to facilitate the transfer of accounts of eligible depositors of the authorised credit institution concerned— | |
(a) make money available from the deposit protection account, or | ||
(b) make payments and charge the payments on the deposit protection account. | ||
(2) Section 8 of the Financial Services (Deposit Guarantee Scheme) Act 2009 shall apply in respect of payments charged on the deposit protection account under subsection (1)(b) as if the reference in that section 8 to a payment in accordance with the Regulations of 1995 were a reference to a payment in accordance with this section. |