Central Bank Act 1942

F214 [ Appointment of Registrar of Credit Unions.

33X

33X. (1) The F215 [ Bank shall ] appoint a person as the Registrar of Credit Unions.

(2) A person appointed as Registrar holds office for a period not exceeding 5 years from the date of appointment, unless the person previously ceases to hold that office as provided by this section.

(3) The F215 [ Bank ] may appoint a person holding office as Registrar for a further period, not exceeding 5 years, to take effect at the end of the person s current period of appointment. This subsection applies whether the person was appointed under subsection (1) or this subsection.

(4) The appointment of a person as Registrar does not take effect until the Minister approves it.

(5) A person is not eligible for appointment as Registrar if the person

( a ) is a member of either House of the Oireachtas or is, with the person s consent, nominated as a candidate for election as such a member or is nominated as a member of Seanad É ireann, or

( b ) is a member of the European Parliament or is, with the person s consent, nominated as a candidate for election as such a member or to fill a vacancy in the membership of that Parliament, or

( c ) is a member of a local authority or is, with the person s consent, nominated as a candidate for election as such a member.

(6) A person appointed as Registrar holds office on such conditions of employment as are specified in the person s document of appointment or are later agreed between the person and the F215 [ Bank ] .

(7) The Registrar may engage in other remunerative employment only with the consent of the F215 [ Bank ] .

(8) A person ceases to hold office as Registrar if the person

( a ) dies, or

( b ) completes a term of office and is not re-appointed, or

( c ) resigns the office by notice in writing addressed to F215 [ Bank ] , or

( d ) is, with the person s consent, nominated as a candidate for election as a member of either House of the Oireachtas or is nominated as a member of Seanad É ireann, or

( e ) is, with the person s consent, nominated as a candidate for election as a member of the European Parliament or to fill a vacancy in the membership of that Parliament, or

( f ) is, with the person s consent, nominated as a candidate for election as a member of a local authority, or

( g ) is adjudged bankrupt (either in the State or elsewhere) or enters into a composition with the person s creditors, or

( h ) becomes physically or mentally incapable of performing the duties of Registrar, or

( i ) is convicted of an offence (either in the State or elsewhere) and sentenced to serve a term of imprisonment for the offence, or

( j ) is removed from office under subsection (9).

(9) The F215 [ Bank ] may (but only after consulting the Minister) remove or suspend the Registrar from office, but only for reasons notified in writing to the Registrar. ]

Annotations:

Amendments:

F214

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.

F215

Substituted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 14(1) and sch. 1, pt. 1, items 40-45, S.I. No. 469 of 2010.