Central Bank Act 1942

F331 [ F332 [ Bank ] to give notice to regulated financial service provider with respect to inquiry.

33AP

33AP. (1) Before holding an inquiry under section 33AO, the F332 [ Bank ] shall give notice in writing of the proposed inquiry to the financial service provider or other person concerned.

(2) The notice must

( a ) specify the grounds on which the F332 [ Bank ] s suspicions are based, and

( b ) specify a date, time and place at which the F332 [ Bank ] will hold the inquiry, and

( c ) invite the financial service provider or person concerned either to attend the inquiry or to make written submissions about the matter to which the inquiry relates.

(3) A regulated financial service provider or other person concerned may, before the date of the inquiry, lodge with the F332 [ Bank ] any written submissions that the regulated financial service provider or person wishes F333 [ the Bank ] to take into account when considering the matter to which the inquiry relates. This subsection applies whether or not the financial service provider or other person has been invited to attend the inquiry.

(4) The F332 [ Bank ] may adjourn an inquiry from time to time and from place to place, but if it does so it shall ensure that the regulated financial service provider or other person concerned is notified of the date, time and place at which the inquiry is to be resumed.

(5) The F332 [ Bank ] may proceed with an inquiry in the absence of the financial service provider or other person concerned so long as that financial service provider or person has been given an opportunity to attend the inquiry or to make written submissions to it. ]

Annotations:

Amendments:

F331

Inserted (1.08.2004) by Central Bank and Financial Services Authority of Ireland Act 2004 (21/2004), s. 10, S.I. No. 455 of 2004, subject to transitional provisions in s. 35 and sch. 5.

F332

Substituted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 14(2)(a), S.I. No. 469 of 2010.

F333

Substituted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 14(2)(b), S.I. No. 469 of 2010.