Microenterprise Loan Fund (Amendment) Act 2020

Amendment of section 2 of Act of 2012

2. Section 2 of the Act of 2012 is amended, in subsection (1), by the insertion of the following definition:

“ ‘promotional financial institution’ means—

(a) the Strategic Banking Corporation of Ireland, or

(b) any other national promotional bank or institution, other than the Social Finance Foundation, within the meaning of Regulation (EU) 2015/1017 of the European Parliament and of the Council of 25 June 2015 on the European Fund for Strategic Investments, the European Investment Advisory Hub and the European Investment Project Portal and amending Regulations (EU) No. 1291/2013 and (EU) No. 1316/2013 - the European Fund for Strategic Investments1 ;”.

1 OJ No. L169, 1.7.2015, p.1