AI Summary of National Asset Management Agency Act 2009 (Section 210) Amending Guidelines 2011 [S.I. No. 354 of 2011]
S.I. No. 354 of 2011 amends the National Asset Management Agency Act 2009 (section 210) Guidelines dated 26 March 2010. The Minister for Finance, Michael Noonan, substitutes "€500,000" for "€250,000" in subparagraph (b) of paragraph 4; the amendment comes into operation on 9 July 2011.
The change raises the monetary threshold for decisions by participating institutions to refuse applications for credit facilities, thereby narrowing the range of refusals subject to review under the Guidelines. The explanatory note confirms the amendment’s purpose and legal effect.
Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 6 July 2011
National Asset Management Agency Act 2009 (Section 210) Amending Guidelines 2011 [S.I. No. 354 of 2011]
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Article 1 | |||
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Article 2 | |||
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| Explanatory Note |