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European Union (Deposit Guarantee Schemes) Regulations 2015 [S.I. No. 516 of 2015]Introductory TextPart 1 Preliminary and general (regs. 1-3)Regulation 1 Citation and commencementRegulation 2 ScopeRegulation 3 InterpretationPart 2 Designated authority (regs. 4-6)Regulation 4 Designated authorityRegulation 5 Stress testsRegulation 6 Relevant administrative authoritiesPart 3 Deposit guarantee scheme (regs. 7-9)Regulation 7 Deposit guarantee schemeRegulation 8 Recognition of other schemesRegulation 9 Membership of deposit guarantee schemePart 4 Deposits (regs. 10-11)Regulation 10 Eligibility of depositsRegulation 11 Coverage level of depositsPart 5 Repayment (regs. 12-16)Regulation 12 Determination of the repayable amountRegulation 13 RepaymentRegulation 14 Claims against deposit guarantee schemesRegulation 15 Administration of paymentsRegulation 16 Powers of the designated authorityPart 6 Financing of deposit guarantee scheme (regs. 17-25)Regulation 17 Establishment of FundRegulation 18 Financing of FundRegulation 19 Target levelRegulation 20 Ex-ante contributionsRegulation 21 Extraordinary ex-post contributionsRegulation 22 Alternative funding meansRegulation 23 Calculation of contributions to deposit guarantee schemeRegulation 24 Report to European Banking AuthorityRegulation 25 Use of fundsPart 7 Union cooperation (regs. 26-27)Regulation 26 Cooperation within the UnionRegulation 27 Cooperation agreementsPart 8 Third countries (reg. 28)Regulation 28 Branches of credit institutions established in third countriesPart 9 Depositor information (regs. 29-30)Regulation 29 Depositor informationRegulation 30 List of authorised credit institutionsPart 10 Consequential amendments (arts. 31-32)Chapter 1 Acts (regs. 31-32)Regulation 31 Amendment of Central Bank Act 1942Regulation 32 Amendment of Central Bank and Credit Institutions (Resolution) Act 2011Chapter 2 Regulations (reg. 33)Regulation 33 Amendment of European Union (Bank Recovery and Resolution) Regulations 2015Part 11 Final provisions (regs. 34-36)Regulation 34 Transitional provisionsRegulation 35 RevocationsRegulation 36 Laying of ordersSchedule - Depositor Information FormGiven under
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AI Summary of Regulation 6 Relevant administrative authorities

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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 20 November 2015 - onwards
Version 2 of 2

Regulation 6 Relevant administrative authorities

(1) The competent authority shall be the relevant administrative authority for the purposes of paragraph (a) of the definition of "unavailable deposit".

(2) The competent authority, the designated authority and the resolution authority shall cooperate with each other and exercise their powers in accordance with these Regulations.

(3) The competent authority shall make the determination referred to in the definition of "unavailable deposit" as soon as possible and, in any event, not later than 5 working days after first becoming satisfied that a credit institution has failed to repay deposits which are due and payable.

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