Sale of Goods and Supply of Services Act 1980

Consultation with Minister for Finance.

56

56.The Minister shall not make an order under section 51, 52, 53, 54 or 55, except after consultation with the Minister for Finance, where the order would affect the business authorised by a licence to carry on banking business for the time being in force under section 9 of the Central Bank Act, 1971, or any business exempted by section 7 (4) of that Act.

Annotations:

Modifications (not altering text):

C19

References to the holder of a licence under section 9 of the Central Bank Act 1971 (24/1971) construed (31.03.2014) by European Union (Capital Requirements) Regulations 2014 (S.I. No. 158 of 2014), reg. 152.

152. Notwithstanding Regulation 7(1), the references, however expressed, to the holder of a licence under section 9 of the Act of 1971, in—

Construction of licence holder in enactments

( a) sections 19 to 26, section 28, sections 31 to 42 or section 58 of the Act of 1971,

( b) section 27, sections 49 to 51, sections 90, 108, 117, 134 or 140 of the Central Bank Act 1989 (No. 16 of 1989), or

( c) any other enactment which was in force on 1 January 1993,

shall be construed so as to include any person who, but for the application of Regulation 7(1), was or would have been required to hold a licence under section 9 of the Act of 1971.