Central Bank Act 1971

Provisions in relation to registration or change of business name.

16

16.—(1)The registrar for the purposes of the Registration of Business Names Act, 1963, shall notify the Bank of any proposal to register a name or a change in a name under that Act if, in the opinion of the registrar, there would, by virtue of the proposal, be in relation to the business to which the proposal relates, a holding out as a banker or as carrying on banking business and the said registrar shall not register the name or change of name unless and until the Bank indicates to him its willingness to grant a licence in respect of the business concerned or to exempt it under section 8 of this Act F85[or the Bank indicates to the registrar that the company is one to which the F86[European Union (Capital Requirements) Regulations 2014 (S.I. No. 158 of 2014)], relate].

(2) The Minister for Industry and Commerce shall consult the Bank in relation to any proposal to change the name of a company (within the meaning of the Companies Act, 1963) if, in the opinion of that Minister, the company would, by virtue of the change, be holding itself out as a banker or appear to be carrying on banking business.

Annotations

Amendments:

F85

Inserted (1.01.1993) by European Communities (Licensing and Supervision of Credit Institutions) Regulations 1992 (S.I. No. 395 of 1992), reg. 39(a), in effect as per reg. 1(2).

F86

Substituted (31.03.2014) by European Union (Capital Requirements) Regulations 2014 (S.I. No. 158 of 2014), reg. 154(1)(g), in effect as per reg. 1(2).

Modifications (not altering text):

C23

Certain exemptions relating to “TSB” and “TSB Bank” provided for by Trustee Savings Bank Act 1989 (21/1989), s. 57(11), S.I. No. 21 of 1990, as substituted (28.03.2001) by Trustee Savings Banks (Amendment) Act 2001, s. 1, commenced on enactment.

[57.— …

(11) An order may authorise the relevant company, a banking company and any subsidiary thereof to include within its name, or use in connection with its business, “TSB” or “TSB Bank” on such conditions as may, after consultation with the Central Bank, be specified in the order, and section 14 of this Act and sections 15 and 16 of the Central Bank Act, 1971, shall not apply in relation to the use of “TSB” or “TSB Bank” by the relevant company, the banking company or any such subsidiary if an order grants such authorisation.

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