Central Bank and Credit Institutions (Resolution) Act 2011

16.

Minister to consult Bank in certain circumstances.

16.— If the Minister proposes to make regulations under section 15 , he or she—

( a) shall consult with the Bank, in particular in relation to the matters set out in section 15 (3) ,

( b) shall have regard to any advice of the Bank in relation to those matters,

( c) shall consult with the Credit Union Advisory Committee (within the meaning of section 180 of the Credit Union Act 1997) where the proposed regulations relate to credit unions, and

( d) may have regard to such other matters as he or she or the Bank considers appropriate.