Credit Union and Co-operation with Overseas Regulators Act 2012

PART 5

Miscellaneous Amendments relating to Central Bank Acts 1942 to 2011

68.

Amendments to Central Bank Act 1942.

68.— (1) Section 33AK of the Central Bank Act 1942 is amended—

( a) by substituting “subsection (1A)” for “subsection (1)( b)” in each place, and

( b) in subsection (3) by substituting the following for paragraph ( b):

“( b) Paragraph ( a) does not apply—

(i) where the Bank is satisfied that the supervised entity has already reported the information concerned to the relevant body, or

(ii) where the information concerned has come into the possession of, or to the knowledge of the Bank, from an authority, in a jurisdiction other than that of the State, duly authorised to exercise functions similar to any one or more of the statutory functions of the Bank.”.

(2) Schedule 2 to the Central Bank Act 1942 is amended in Part 1 by substituting the following for item 38:

38

No. 23 of 2010

Central Bank Reform Act 2010

Parts 3, 4 and 5

”.