Central Bank Act 1942

F106 [ Functions of Central Bank Commission.

18B

18B. (1) Except as expressly provided otherwise by this Act, the affairs and activities of the Bank shall be managed and controlled by the Central Bank Commission.

(2) The Commission shall ensure that the Bank s central banking functions and financial regulation functions are integrated and coordinated.

(3) Without prejudice to section 19A, the Commission shall ensure that the powers and functions conferred on the Bank by sections 5A, 5B and 5C are properly exercised and discharged.

(4) The performance and exercise of the functions and powers of the Commission are not affected by there being one or more vacancies in the membership of the Commission. ]

Annotations:

Amendments:

F106

Substituted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 14(1) and sch. 1, pt. 1, item 28, S.I. No. 469 of 2010.

Editorial Notes:

E43

Previous affecting provision: subs. (2) deleted (21.12.2009) by National Asset Management Agency Act 2009 (34/2009), s. 232 and sch. 3 pt. 2, item 1, S.I. No. 545 of 2009; substituted as per F-note above.

E44

Previous affecting provision: section inserted (1.05.2003) by Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003), s. 13, S.I. No. 160 of 2003; substituted as per F-note above.