Central Bank Act 1971

F47[Third country branch reporting.

9CA

9CA.(1) Subject tosubsection (2), a branch shall report the following information to the Bank on an annual basis:

(a) the total assets corresponding to the activities of the branch;

(b) information on the liquid assets available to the branch, including the availability of liquid assets in EEA state currencies;

(c) the own funds that are at the disposal of the branch;

(d) the deposit protection arrangements available to depositors in the branch;

(e) the risk management arrangements;

(f) the governance arrangements, including key function holders for the activities of the branch;

(g) the recovery plans covering the branch;

(h) any other information considered by the Bank to be necessary to enable comprehensive monitoring of the activities of the branch.

(2) The Bank may direct a branch to report the information required under subsection (2) more frequently than is provided for in that subsection where such a direction is necessary to ensure effective supervision of the branch.]

Annotations

Amendments:

F47

Inserted (29.12.2020) by European Union (Capital Requirements) (Amendment) Regulations 2020 (S.I. No. 710 of 2020), reg. 58(d), in effect as per reg. 1(2).