Central Bank Act 1942

F148 [ PART IIIA

Management, Finance, and Accountability

Chapter 1A

Management ]

Annotations:

Amendments:

F148

Substituted and inserted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 14(1) and sch. 1, pt. 1, item 39, S.I. No. 469 of 2010.

Annotations:

Amendments:

F148

Substituted and inserted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 14(1) and sch. 1, pt. 1, item 39, S.I. No. 469 of 2010.

Editorial Notes:

E69

Previous affecting provisions: Part IIIA (ss. 33A-33AM) inserted (1.05.2003) by Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003), s. 26, S.I. No. 160 of 2003, subject to transitional provisions in s. 36 and sch. 3; substituted (1.10.2010 except s. 32B) by Central Bank Reform Act 2010 (23/2010), s. 14(1) and sch. 1 pt. 1, item 39, S.I. No. 469 of 2010.

The previously inserted ss. 33A-33M and ss. 33N-33V are substituted by the newly numbered ss. 32A-32M. The numbering resumes with ss. 33N-33V, which are effectively deleted.

F148 [ Framework for assignment of responsibilities.

32A

32A. (1) The Governor shall propose to the Commission a plan of the assignment of responsibility for specified powers and functions of the Bank to himself or herself, a Head of Function or an officer or employee of the Bank.

(2) Where appropriate, the assignment of the responsibility for the performance of a function requires the person to whom the function is assigned

( a ) to provide policy advice in relation to the subject matter of the assignment and related matters,

( b ) to achieve any outputs specified in the assignment,

( c ) to accept responsibility for the operation of statutory schemes or programmes specified in the assignment,

( d ) to accept responsibility for the delivery of quality services pursuant to the assignment,

( e ) to ensure that the expenditure in relation to the area of the assignment accords with the purpose for which the expenditure is appropriate and chargeable to the accounts of the Bank and that value for money is obtained, and

( f ) to perform, on behalf of the Commission, functions in relation to appointments, performance and discipline of personnel in the area of the assignment.

(3) A Head of Function or an employee to whom the responsibility for the performance of a function has been assigned is accountable for the performance of the function to the Governor and to any other person specified for the purpose in the assignment. ]

Annotations:

Amendments:

F148

Substituted and inserted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 14(1) and sch. 1, pt. 1, item 39, S.I. No. 469 of 2010.