Central Bank Act 1971
F130[Precondition for draft decision to propose Class 1 authorisation
31FA.—(1) Where an applicant intends to provide investment services or perform investment activities, the Bank shall not take a draft decision to propose to the ECB to grant a Class 1 authorisation unless it is satisfied that the applicant will comply with the relevant provisions.
(2) In this section—
“investment activities” has the same meaning as it has in the Markets in Financial Instruments Directive;
“investment services” has the same meaning as it has in the Markets in Financial Instruments Directive;
“relevant provisions” means the provisions of the Regulations of 2017 which apply under Regulation 2(2) of those Regulations.]
Annotations
Amendments:
F130
Inserted (27.06.2022) by European Union (Markets in Financial Instruments) (Amendment) (No. 2) Regulations 2022 (S.I. No. 304 of 2022), reg. 3.
Editorial Notes:
E69
The section heading is taken from the contents of the section in the absence of one included in the amendment.