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Document 52011XC0709(01)
Publication pursuant to Article 6 of Directive 2001/24/EC of the European Parliament and of the Council on the reorganisation and winding-up of credit institutions
Publication pursuant to Article 6 of Directive 2001/24/EC of the European Parliament and of the Council on the reorganisation and winding-up of credit institutions
Publication pursuant to Article 6 of Directive 2001/24/EC of the European Parliament and of the Council on the reorganisation and winding-up of credit institutions
IO C 203, 9.7.2011, p. 12–13
(BG, ES, CS, DA, DE, ET, EL, EN, FR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
9.7.2011 |
EN |
Official Journal of the European Union |
C 203/12 |
Publication pursuant to Article 6 of Directive 2001/24/EC of the European Parliament and of the Council on the reorganisation and winding-up of credit institutions
2011/C 203/06
REQUIREMENT ORDERS IN RELATION TO ANGLO IRISH BANK CORPORATION LIMITED AND IRISH NATIONWIDE BUILDING SOCIETY PURSUANT TO SECTION 50 OF THE CREDIT INSTITUTIONS (STABILISATION) ACT 2010
On 7 April 2011, the Minister for Finance of Ireland (the ‘Minister’) made requirement orders (the ‘Requirement Orders’) in relation to both Anglo Irish Bank Corporation Limited (‘Anglo’) and Irish Nationwide Building Society (‘INBS’) pursuant to Section 50 of the Credit Institutions (Stabilisation) Act 2010 (the ‘Act’):
1. |
requiring Anglo to:
|
2. |
requiring INBS to:
(together, the ‘Requirements’); |
3. |
declaring that the imposition of the Requirements is a reorganisation measure for the purposes of Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 (the ‘CIWUD Directive’) and the European Communities (Reorganisation and Winding-Up of Credit Institutions) Regulations 2011 (the ‘2011 Regulations’) and, accordingly, that the Requirements should have full effect in accordance with the CIWUD Directive, the 2011 Regulations and the Act, including, in particular but not limited to, Section 61 of the Act; and |
4. |
declaring that the Requirements shall take effect immediately. |
Pursuant to Section 63 of the Act, persons affected by the Requirement Orders may apply to the High Court of Ireland, at the Four Courts, Inns Quay, Dublin 7, Ireland, for leave to seek judicial review of a decision under the Act relating to the Requirement Orders, within 14 days after the decision is notified to the person concerned, or that person becomes otherwise aware of the decision.