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Central Bank Bill 2014: Second Stage

Vote from 09/04/2014

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The legislation will extend current Central Bank legislation to allows for the transfer of assets and liabilities between holders of banking licences so as to permit the transfer of assets and liabilities from a building society to the holder of a banking licence while making provision for certain payments from the Central Fund to the account established by the European Stability Mechanism, ESM.

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Background information

Bill entitled an Act to make provision for the effective and expeditious transfer of the business and other assets and liabilities of building societies and for that and other purposes to amend the Central Bank Act 1971; to make provision for certain payments out of the Central Fund to the account established by the ESM as agent on behalf of the euro area Member States to receive payments for the purpose of providing financial assistance to the Hellenic Republic; and to make provision for related matters

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