The Oireachtas has signed the Finance (Miscellaneous Provisions) Act 2015 into law. The Act makes provision in relation to the Agreement on the Transfer and Mutualisation of Contributions to the Single Resolution Fund. The Act provides for the establishment of a legacy fund, the transfer of 0.2% of covered deposits to the legacy fund, the return of the balance to the credit institution concerned, the cessation of operation of the legacy fund, the Central Bank power to direct payment of the relevant amount into the deposit protection account, the order of payments on occurrence of a compensation event, attribution of paid contributions upon cessation of business or winding up of credit institution, invalidity of charges on deposits by credit institutions, reimbursement of Central Bank by the Central Fund and related matters.