Markets in Financial Instruments and Miscellaneous Provisions Act 2007
|
Amendments to Finance Act 1993. |
15.— Section 138(1) of the Finance Act 1993 is amended— | |
(a) in section 138(1), by inserting the following after paragraph (c): | ||
“(ca) The Minister— | ||
(i) may engage in transactions of a normal banking nature in connection with the exercise of the powers in subsection (1)(a), (b) and (c), and | ||
(ii) for the purposes of those transactions, may issue such funds from the Exchequer as he or she considers appropriate. | ||
(cb) All the expenses and other costs incurred by the Minister in connection with or arising out of those transactions shall be charged on the Central Fund.”, | ||
and | ||
(b) in section 139 by inserting the following after subsection (11): | ||
“(12) The National Treasury Management Agency, in connection with the discharge of any of its functions, may— | ||
(a) pay into any foreign currency clearing account the proceeds of any transaction denominated in a currency other than the currency of the State, and | ||
(b) apply any amounts standing to the credit of any foreign currency clearing account towards the discharging of payment obligations arising in connection with the discharge of any of its functions.”. |