Irish Bank Resolution Corporation Act 2013

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Amendment of Act of 2009.

15.— The Act of 2009 is amended—

(a) in section 4, in the definition of “bank asset”—

(i) in paragraph (d), by deleting “and” and by inserting the following after paragraph (d):

“(dd) an asset owned by the Central Bank, and”,

and

(ii) in paragraph (e), by substituting “paragraphs (a) to (dd)” for “paragraphs (a) to (d)”,

(b) in section 4, by substituting the following for the definition of “officer of NAMA”:

“ ‘officer of NAMA’ means—

(a) the Chief Executive Officer of NAMA,

(b) any person assigned to NAMA in accordance with section 42, and

(c) any person employed by NAMA under section 16 (2) of the Irish Bank Resolution Corporation Act 2013;”,

and

(c) in section 11, by inserting the following after subsection (1):

“(1A) NAMA has such other functions as are conferred on it by or under the Irish Bank Resolution Corporation Act 2013.”.