The Trustee Savings Banks Act, 1989, is amended by the substitution for section 57 of the following section:

"57.

(1) In this section, unless the context otherwise requires -

'books' includes ledgers, day books, cash books, account books and other books and records (including electronic records) used in the ordinary business of a bank before the transfer date;

'bank' means a trustee savings bank;

'banking company' means an authorised credit institution (within the meaning of the European Communities (Licensing and Supervision of Credit Institutions) Regulations, 1992 (S.I. No. 395 of 1992)) which is a holding company of the relevant company;

'Central Bank Acts' means Central Bank Acts, 1942 to 1998;

'company', 'reorganisation' and 'reorganised' shall be construed in accordance with subsection (3);

'order' means an order under subsection (2);

'relevant company' means the company into which a bank has been reorganised and, for the purposes of subsections (12), (13) and (14) only, includes the banking company into which the said company has been reorganised;

'relevant owner' means, in relation to a bank, that bank and any other bank or former bank to which, by any amalgamation or succession of amalgamations, that bank has succeeded and shall include each and every one of the trustees at any time and for the time being of that bank or any such other bank or former bank;

'shares' means shares in the relevant company;

'transfer date' means the date on which a reorganisation is carried into effect in accordance with its terms;