Central Bank Act 1971
F55[Effective direction of business and place of head office.
9F.—The Bank shall not F56[take a draft decision to propose to the ECB to grant a licence] unless the applicant satisfies the Bank that—
(a) it is a body corporate,
(b) its registered office and its head office are both located in the State,
(c) at least 2 persons effectively direct its business, and
(d) the members of its management body meet the requirements of Regulation 79 of the European Union (Capital Requirements) Regulations 2014 (S.I. No. 158 of 2014).]
Annotations
Amendments:
F55
Inserted (31.03.2014) by European Union (Capital Requirements) Regulations 2014 (S.I. No. 158 of 2014), reg. 154(1)(e), in effect as per reg. 1(2).
F56
Substituted (4.11.2014) by European Union (Single Supervisory Mechanism) Regulations 2014 (S.I. No. 495 of 2014), reg. 15, in effect as per reg. 1(2).