Central Bank Reform Act 2010

30

Enforcement of suspension notice.

30.— If—

(a) a person performs a controlled function or part of a controlled function in contravention of a suspension notice, or

(b) a regulated financial service provider F36[or holding company] permits a suspended person to perform a controlled function or part of a controlled function F36[in relation to it] in contravention of a suspension notice,

the Head of Financial Regulation may apply ex parte to the Court for an order directing the person F37[or the regulated financial service provider or holding company] to comply with the notice.

Annotations:

Amendments:

F36

Inserted (19.04.2023) by Central Bank (Individual Accountability Framework) Act 2023 (5/2023), s. 20(a)(i), (ii), S.I. No. 176 of 2023, subject to transitional provision in s. 89(4).

F37

Substituted (19.04.2023) by Central Bank (Individual Accountability Framework) Act 2023 (5/2023), s. 20(b), S.I. No. 176 of 2023, subject to transitional provision in s. 89(4).