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Definitions (41)

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administrator for funds


An entity which provides administration services to collective investment schemes and which requires specific authorisation under the Investment Intermediaries Act 1995 to carry on that particular investment business service.
Source: centralbank.ie

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authorised designated investment company


A variable capital investment company which raises capital by providing facilities for the direct or indirect participation by the public and which is authorised under section 256(5) of the Companies Act 1990, Part XIII.
Source: centralbank.ie

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branch


There is no definition of the term “branch”. It is a concept of Community law whose meaning is ultimately to be determined by the European Court of Justice. There is some European case law which would support the view that a branch is a place of business, which has the appearance of permanency, such as an extension of the parent body, has a man [..]
Source: centralbank.ie

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branch


In relation to credit institutions, ‘branch’ means a place of business which forms a legally dependent part of a credit institution and which carries out directly all or some of the transactions inherent in the business of the credit institutions. In relation to other financial service providers ‘branch’ usually means a place of business se [..]
Source: centralbank.ie

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building society


Building Society means a building society incorporated or deemed by section 124(2) to be incorporated under the Building Societies Act 1989.
Source: centralbank.ie

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cca


Consumer Credit Act 1995
Source: centralbank.ie

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collateral


Securities offered to the Bank by the counterparty partaking in the monetary policy or intra day credit operation.
Source: centralbank.ie

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common contractual fund


A collective investment undertaking, being an unincorporated body established by a management company, under which the participants by contractual arrangement participate and share in the property of the collective investment undertaking as co-owners, provided: a)     it is expressly stated in its deed of constitution to be established pursuant [..]
Source: centralbank.ie

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counterparty


An institution engaged in Monetary Policy or Intra day credit operations with the Bank - all counterparties offer the Bank collateral in the form of eligible securities to enable them to borrow from the Bank in ECB operations.
Source: centralbank.ie

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credit institution


Credit Institution means: a)     an undertaking whose business is to receive deposits or other repayable funds from the public and to grant credits for its own account; or b)    an electronic money institution.
Source: centralbank.ie


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