National Asset Management Agency Act, 2009

JurisdictionIreland
CitationIR No. 34/2009
Year2009


Number 34 of 2009


NATIONAL ASSET MANAGEMENT AGENCY ACT 2009

REVISED

Updated to 25 May 2018


This Revised Act is an administrative consolidation of the National Asset Management Agency Act 2009. It is prepared by the Law Reform Commission in accordance with its function under the Law Reform Commission Act 1975 (3/1975) to keep the law under review and to undertake revision and consolidation of statute law.

All Acts up to and including Data Protection Act 2018 (25/2018), enacted 24 May 2018, and all statutory instruments up to and including Data Protection Act 2018 (Establishment Day) Order 2018 (S.I. No. 175 of 2018), made 24 May 2018, were considered in the preparation of this Revised Act.

Disclaimer: While every care has been taken in the preparation of this Revised Act, the Law Reform Commission can assume no responsibility for and give no guarantees, undertakings or warranties concerning the accuracy, completeness or up to date nature of the information provided and does not accept any liability whatsoever arising from any errors or omissions. Please notify any errors, omissions and comments by email to

revisedacts@lawreform.ie.


Number 34 of 2009


NATIONAL ASSET MANAGEMENT AGENCY ACT 2009

REVISED

Updated to 25 May 2018


Introduction

This Revised Act presents the text of the Act as it has been amended since enactment, and preserves the format in which it was first passed.

Related legislation

Central Bank Acts 1942 to 2015: this Act is one of a group of Acts included in this collective citation (Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 (21/2015), s. 9(2)). The Acts in this group are:

Central Bank Act 1942 (22/1942)

Central Bank Act 1961 (8/1961)

Central Bank Act 1971 (24/1971)

Central Bank Act 1989 (16/1989), Part 2

Central Bank Act 1997 (8/1997), other than ss. 3, 36 to 49, 60, 64 to 68, 78 to 83 and 85

Central Bank Act 1998 (2/1998)

Euro Changeover (Amounts) Act 2001 (16/2001), ss. 5 and 9(4)

Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003)

Central Bank and Financial Services Authority of Ireland Act 2004 (21/2004)

National Asset Management Agency (34/2009), ss. 1(4), 232 and sch. 3 part 2

Central Bank Reform Act 2010 (23/2010)

Central Bank and Credit Institutions (Resolution) Act 2011 (27/2011)

Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), ss. 36, 37, 48(2) and 56(3), Part 5 (in so far as it amends the Central Bank Acts 1942 to 2011), and schs. 2 and 3 (in so far as they amend Central Bank Acts 1942 to 2011)

Central Bank (Supervision and Enforcement) Act 2013 (26/2013), other than s. 5, in so far as it relates to schs. 3 and 4, and ss. 75 to 78 , 80 to 87 and 89 to 94

Central Bank Act 2014 (9/2014), section 1

Central Bank (Amendment) Act 2015 (1/2015)

Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 (21/2015), other than s. 8.

Act previously included in the collective citation but now repealed:

Central Bank Act 1964 (3/1964)

Central Bank and Financial Services Authority of Ireland Acts 1942 to 2009: this Act is one of a group of Acts included in this collective citation (National Asset Management Agency Act 2009 (34/2009), s. 1(4)). The Acts in this group are:

Central Bank Acts 1942 to 2001

Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003)

Central Bank and Financial Services Authority of Ireland Act 2004 (21/2004)

National Asset Management Agency Act 2009 (34/2009), ss. 1(4), 232 and sch. 3 part 2

Annotations

This Revised Act is annotated and includes textual and non-textual amendments, statutory instruments made pursuant to the Act and previous affecting provisions. A version without annotations, showing only textual amendments, is also available.

An explanation of how to read annotations is available at

www.lawreform.ie/annotations

Material not updated in this revision

Where other legislation is amended by this Act, those amendments may have been superseded by other amendments in other legislation, or the amended legislation may have been repealed or revoked. This information is not represented in this revision but will be reflected in a revision of the amended legislation if one is available.

Where legislation or a fragment of legislation is referred to in annotations, changes to this legislation or fragment may not be reflected in this revision but will be reflected in a revision of the legislation referred to if one is available.

A list of legislative changes to any Act, and to statutory instruments from 1985, may be found linked from the page of the Act or statutory instrument at

www.irishstatutebook.ie.

Acts which affect or previously affected this revision

Data Protection Act 2018 (7/2018)

Workplace Relations Act 2015 (16/2015)

Protected Disclosures Act 2014 (14/2014)

Local Government Reform Act 2014 (1/2014)

Central Bank (Supervision and Enforcement) Act 2013 (26/2013)

Irish Bank Resolution Corporation Act 2013 (2/2013)

Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012)

Central Bank and Credit Institutions (Resolution) Act 2011 (27/2011)

Criminal Justice Act 2011 (22/2011)

Credit Institutions (Stabilisation) Act 2010 (36/2010)

Value-Added Tax Consolidation Act 2010 (31/2010)

Central Bank Reform Act 2010 (23/2010)

Finance Act 2010 (5/2010)

Central Bank Act 1942 (22/1942)

All Acts up to and including Data Protection Act 2018 (7/2018), enacted 24 May 2018, were considered in the preparation of this revision.

Statutory instruments which affect or previously affected this revision

European Union (Bank Recovery and Resolution) Regulations 2015 (S.I. No. 289 of 2015)

Protected Disclosures Act 2014 (Commencement) Order 2014 (S.I. No. 327 of 2014)

National Asset Management Agency Act 2009 (Section 210) Amending Guidelines 2013 (S.I. No. 374 of 2013)

National Asset Management Agency Act 2009 (Section 210) Amending Guidelines 2011 (S.I. No. 354 of 2011)

National Asset Management Agency (Conferral of Additional Function) Order 2010 (S.I. No. 505 of 2010)

National Asset Management Agency (Determination of Long-Term Economic Value of Property and Bank Assets) (Amendment) Regulations 2010 (S.I. No. 504 of 2010)

Guidelines Issued Under Section 210(1) of the National Asset Management Agency Act 2009 Regarding Lending Practices and Procedures and Relating to the Review of Decisions of Participating Institutions to Refuse Credit Facilities (S.I. No. 127 of 2010)

National Asset Management Agency (Determination of Long-Term Economic Value of Property and Bank Assets) Regulations 2010 (S.I. No. 88 of 2010)

National Asset Management Agency (Designation of Eligible Bank Assets) Regulations 2009 (S.I. No. 568 of 2009)

National Asset Management Agency Act 2009 (Establishment Day) Order 2009 (S.I. No. 547 of 2009)

National Asset Management Agency (Determination of Long-Term Economic Value of Property and Bank Assets) Regulations 2009 (S.I. No. 546 of 2009)

National Asset Management Agency Act 2009 (Commencement) Order 2009 (S.I. No. 545 of 2009)

All statutory instruments up to and including Data Protection Act 2018 (Establishment Day) Order 2018 (S.I. No. 175 of 2018), made 24 May 2018, were considered in the preparation of this revision.


Number 34 of 2009


NATIONAL ASSET MANAGEMENT AGENCY ACT 2009

REVISED

Updated to 25 May 2018



Acts Referred to

Acquisition of Land (Assessment of Compensation) Act 1919

9 & 10 Geo. 5, c. 57

Agricultural Credit Act 1978

1978,No. 2

Bankers’ Books Evidence Act 1879

42 & 43 Vict., c. 11

Bankruptcy Act 1988

1988,No. 27

Bills of Sale (Ireland) Acts 1879 and 1883

Borrowing Powers of Certain Bodies Act 1996

1996,No. 22

Building Societies Act 1989

1989,No. 17

Capital Gains Tax Acts

Central Bank Act 1942

1942,No. 22

Central Bank Act 1997

1997,No. 8

Central Bank Acts 1942 to 2001

Central Bank and Financial Services Authority of Ireland Act 2003

2003,No. 12

Central Bank and Financial Services Authority of Ireland Act 2004

2004,No. 21

Civil Service Regulation Act 1956

1956,No. 46

Companies Act 1963

1963,No. 33

Companies Act 1990

1990,No. 33

Companies Acts

Companies (Amendment) Act 1982

1982,No. 10

Companies (Amendment) Act 1983

1983,No. 13

Companies (Amendment) Act 1990

1990,No. 27

Competition Act 2002

2002,No. 14

Comptroller and Auditor General (Amendment) Act 1993

1993,No. 8

Conveyancing Act 1634

10 Chas. 1 sess. 2, c. 3

Conveyancing Act 1881

44 & 45 Vict., c. 41

Corporation Tax Acts

Courts Act 1981

1981,No. 11

Credit Institutions (Financial Support) Act 2008

2008,No. 18

Data Protection Acts 1988 and 2003

Ethics in Public Office Act 1995

1995,No. 22

European Communities Act 1972

1972,No. 27

European Parliament Elections Act 1997

1997,No. 2

Family Home Protection Act 1976

1976,No. 27

Finance Act 1970

1970,No. 14

Health Contributions Act 1979

1979,No. 4

Housing Act 1966

1966,No. 21

Income Tax Acts

Industrial and Commercial Property (Protection) Act 1927

1927,No. 16

Interpretation Act 1937

1937,No. 38

Investment Funds, Companies and Miscellaneous Provisions Act 2005

2005, No. 12

Investment Funds,...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT