Credit Union and Co-operation with Overseas Regulators Act 2012

SCHEDULE 3

Amendments of Central Bank Acts

PART 1

Amendments of Central Bank Act 1971

Item

(1)

Provision affected

(2)

Amendment

(3)

1

Section 2(1)

In paragraph ( d) of the definition of “related body” delete “section 17A” and substitute “Part 5 of the Central Bank Reform Act 2010”.

2

Section 58(1)

Delete “17A,”.

PART 2

Amendments of Central Bank Act 1997

Item

(1)

Provision affected

(2)

Amendment

(3)

1

Section 28

( a) Substitute the following for the definition of “authorisation”:

“‘authorisation’ means an authorisation under this Part authorising a person to carry on a regulated business;”.

( b) Delete the definition of “inspector”.

( c) In the definition of “retail credit firm”—

(i) substitute “paragraph ( e)” for “paragraph ( g)”, and

(ii) substitute “section 2(1)” for “section 3”.

2

Section 32A(5)( b)

After “officer” insert “appointed under Part 5 of the Central Bank Reform Act 2010”.