Central Bank Act 1942

F406 [ Eligibility for appointment as a member.

57E

57E. (1) A person is eligible to be appointed as the Chairperson or Deputy Chairperson only if the person is

F407 [ (a) a former judge of the Supreme Court, the Court of Appeal or the High Court, or ]

( b ) a barrister or solicitor of not less than 7 years standing.

(2) A person is eligible to be appointed as a lay member only if the President is satisfied that the person has special knowledge or skill in relation to the provision of financial services.

(3) A person is not eligible for appointment as a member 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. ]

Annotations:

Amendments:

F406

Part VIIA (ss. 57A-57AZ) inserted (1.08.2004) by Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003), s. 28, S.I. No. 454 of 2004, subject to transitional provisions in s. 36 and sch. 3.

F407

Substituted (28.10.2014) by Court of Appeal Act 2014 (18/2014), s. 38, S.I. No. 479 of 2014, in effect as per reg. 2.