Search Legislation

Advanced Search

Commission Decision of 29 June 2011 on the State aid No SA.32504 (2011/N) and C 11/10 (ex N 667/09) implemented by Ireland for Anglo Irish Bank and Irish Nationwide Building Society (notified under document C(2011) 4432) (Only the English text is authentic) (Text with EEA relevance) (2012/269/EU)

Help about what version

What Version

Help about UK-EU Regulation

Legislation originating from the EU

When the UK left the EU, legislation.gov.uk published EU legislation that had been published by the EU up to IP completion day (31 December 2020 11.00 p.m.). On legislation.gov.uk, these items of legislation are kept up-to-date with any amendments made by the UK since then.

Close

This item of legislation originated from the EU

Legislation.gov.uk publishes the UK version. EUR-Lex publishes the EU version. The EU Exit Web Archive holds a snapshot of EUR-Lex’s version from IP completion day (31 December 2020 11.00 p.m.).

Changes to legislation:

This version of this Decision was derived from EUR-Lex on IP completion day (31 December 2020 11:00 p.m.). It has not been amended by the UK since then. Find out more about legislation originating from the EU as published on legislation.gov.uk. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

  1. Introductory Text

  2. Article 1.The following aid, which Ireland has implemented in favour of...

  3. Article 2.Ireland shall inform the Commission, within two months of notification...

  4. Article 3.This Decision is addressed to Ireland.

  5. Signature

    1. ANNEX I

      1. COMMITMENTS UNDERTAKEN BY IRELAND State aid case C 11/10 — restructuring of Anglo Irish...

        1. (1) Duration of the commitments. Unless otherwise specified, all commitments taken...

        2. (2) Management of existing assets. The merged entity will manage existing...

        3. (3) Ban on acquisitions. Other than with the prior consent of...

        4. (4) Ban on coupons and exercising calls on subordinated debt and...

        5. (5) Cap on new lending. Consistent with the objective to work...

        6. (6) Specific lending commitments on the mortgage book. The following specific...

        7. (7) On an exceptional basis and in the national interest, the...

        8. (8) Transfer of legacy Anglo and INBS deposits. Following the transfer...

        9. (9) Caps on deposits and excluded liabilities. The merged entity will...

        10. (10) Monitoring Trustee. The merged entity will appoint a Monitoring Trustee,...

        11. (11) Enforcement and Reporting. The Irish authorities will ensure that the...

    2. ANNEX II

      APPOINTMENT AND DUTIES OF THE MONITORING TRUSTEE

      1. Anglo Irish Bank and INBS are commonly referred to ‘the...

      2. I. The Monitoring Trustee

        1. 1. The Irish authorities commit that the merged entity will appoint...

        2. 2. The Monitoring Trustee shall be one or several natural or...

        3. 3. The Monitoring Trustee must be independent of the merged entity...

      3. II. Appointment of the Monitoring Trustee

        1. Proposal by the Irish authorities

        2. Approval or rejection by the Commission

        3. New proposal by the Irish authorities

          1. 4. If all the proposed Monitoring Trustees are rejected, the Irish...

        4. Monitoring Trustee nominated by the Commission

          1. 5. If all further proposed Monitoring Trustees are also rejected by...

      4. III. The duties of the Monitoring Trustee

        1. 6. It shall be the duty of the Monitoring Trustee to...

        2. Duties and obligations of the Monitoring Trustee

          1. 7. The Monitoring Trustee shall:

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As adopted by EU): The original version of the legislation as it stood when it was first adopted in the EU. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as adopted version that was used for the EU Official Journal
  • lists of changes made by and/or affecting this legislation item
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Timeline of Changes

This timeline shows the different versions taken from EUR-Lex before exit day and during the implementation period as well as any subsequent versions created after the implementation period as a result of changes made by UK legislation.

The dates for the EU versions are taken from the document dates on EUR-Lex and may not always coincide with when the changes came into force for the document.

For any versions created after the implementation period as a result of changes made by UK legislation the date will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. For further information see our guide to revised legislation on Understanding Legislation.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as adopted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources

The data on this page is available in the alternative data formats listed: