20. Interpretation (Part 5).

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Central Bank and Credit Institutions (Resolution) Act 2011 (No. 27)
Part 5 Transfer of assets and liabilities (ss. 20-53)
20. Interpretation (Part 5).

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Version status: In force | Document consolidation status: Updated to reflect all known changes

Version date: 28 October 2011 - onwards

Version 2 of 2

(1) In this Part -

"financial incentive" shall be construed in accordance with section 46;

"market value", in relation to assets and liabilities, shall be construed in accordance with section 28.

(2) A reference in this Part to the transferor in relation to a transfer order shall be construed as a reference to the authorised credit institution, or a subsidiary or holding company of the authorised credit institution, the assets or liabilities of which are to be transferred pursuant to the order.

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