IE-2011-act-1 — Bretton Woods Agreements (Amendment) Act 2011

Definitions. 1 .— In this Act— “Articles” means the Articles of Agreement of the International Monetary Fund; “Board of Governors” means the Board of Governors of the International Monetary Fund. Approval of acceptance of Fifth and Sixth Amendment of Articles. 2 .— Acceptance by the Government of the amendments of the Articles set out (in the English language) in Schedules 1 (being the amendment approved by the Board of Governors by Resolution 63-2 adopted on 28 April 2008) and 2 (being the amendment approved by the Board of Governors by Resolution 63-3 adopted on 5 May 2008) is approved. Construction of references to Fund Agreement and consequential repeal. 3 .— (1) In the Bretton Woods Agreements Acts 1957 to 2011 , references to the Fund Agreement shall (subject to subsection (2) ) be construed as references to the Articles of Agreement of the International Monetary Fund as amended and in force on 10 August 2009, set out (in the English language) for convenience of reference in Schedule 3 . (2) On and after the entry into force of either or both of the amendments referred to in section 2 (or an amendment or amendments to substantially the same effect), references to the Fund Agreement shall be construed as references to those Articles as so amended. (3) Section 8 of the Bretton Woods Agreements (Amendment) Act 1999 is repealed. Short title, commencement and collective citation. 4 .— (1) This Act may be cited as the Bretton Woods Agreements (Amendment) Act 2011. (2) The Bretton Woods Agreements Acts 1957 to 1999, section 163 of the Finance Act 2010 and this Act shall be construed together as one Act and may be cited together as the Bretton Woods Agreements Acts 1957 to 2011.