S.I. No. 604/2007 - Asset Covered Securities Act 2001 (Section 61
(1),
(2)and
(3)) (Overcollateralisation) (Amendment) Regulations 2007 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.
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(1),
(2)and
(3)) (Overcollateralisation) (Amendment) Regulations 2007 S.I. No. 604/2007 - Asset Covered Securities Act 2001 (Section 61
(1),
(2)and
(3)) (Overcollateralisation) (Amendment) Regulations 2007 AmendmentsLeasuithe Download PDF Íoslódáil PDF S.I. No. 604 of 2007 ASSET COVERED SECURITIES ACT 2001 (SECTION 61
(1),
(2)AND
(3)) (OVERCOLLATERALISATION)(AMENDMENT) REGULATIONS 2007 Notice of the making of this Statutory Instrument was published in “Iris Oifigiúil” of 7th September, 2007. In exercise of the powers conferred on the Authority by section 91
(1)of the Asset Covered Securities Act 2001 (No. 47 of 2001)(the “Act”) in respect of section 61
(1),
(2)and
(3)of the Act, the Irish Financial Services Regulatory Authority, in performance of the functions of the Authority in accordance with section 33C
(1)(a) of the Central Bank Act 1942 (No. 22 of 1942) hereby makes the following regulations: 1. These regulations may be cited as the Asset Covered Securities Act 2001 (Section 61
(1),
(2)and
(3)) (Overcollateralisation)(Amendment) Regulations
- The Asset Covered Securities Act, 2001 (Section 61
(1), 61
(2), 61
(3))[Overcollateralisation] Regulation 2004 ( S.I. No. 419 of 2004 ) is amended by:
(1)the deletion of paragraph 3(b); and
(2)the insertion of the following after paragraph 4: “5. For the purposes of this Regulation, “prudent market value” shall be determined in accordance with any regulatory notices in force under section 41 of the Act applicable to the type of assets concerned.” Signed for and on behalf of THE IRISH FINANCIAL SERVICES REGULATORY AUTHORITY 31 August 2007 Mr. PATRICK NEARY Chief Executive Irish Financial Services Regulatory Authority EXPLANATORY NOTE (This note is not part of the Instrument and does not purport to be a legal interpretation.) These regulations amend the Asset Covered Securities Act, 2001 (Section 61
(1), 61
(2), 61
(3))[Overcollateralisation] Regulation 2004 ( S.I. No. 419 of 2004 ) by deleting paragraph 3(b) and adding a new paragraph 5 specifying that “prudent market value” under the regulation is to be determined in accordance with any regulatory notice in force under regulation 41 applicable to the type of assets concerned. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais