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Central Bank Act 1997
F85[Additional provisions applicable to retail credit and home reversion firms.
32A.— (1) An authorisation granted by the Bank under section 31 to a F86[person] may specify classes of services, and additional services, that F86[the person] may provide.
(2) An authorisation granted by the Bank under section 31 of this Act to a retail credit firm may include an authorisation to act as a home reversion firm.
(3) The Bank may amend—
(a) the classes of F87[…] services that may be provided in accordance with subsections (1) or (2), or
(b) the designation or classification of F86[persons] or services.
(4) For the purposes of subsections (1) to (3), the Bank may use such designation or classification of F86[persons] or services as the Bank considers appropriate to describe the services provided.
(5) At any time before granting or refusing an authorisation to a F86[person], the Bank may—
(a) request such further information from the F86[person], or
(b) instruct an authorised officer F88[appointed under F89[Part 3 of the Central Bank (Supervision and Enforcement) Act 2013]] to make such inquiries, or carry out such investigations,
as it considers necessary for the purpose of properly evaluating an application. Any such inquiries or investigations shall be carried out in accordance with this Act.
(6) In the case of a F86[person] authorised in another EEA Country, the Bank—
(a) shall have regard to any requirements imposed on F86[the person] by an authority of that country that appears to the Bank to exercise a regulatory or supervisory role similar to that of the Bank in relation to F86[the person], and
(b) may exchange with that authority information relevant to the carrying out of the Bank’s functions under this Act or the functions of that authority under the laws of that country.]
Annotations
Amendments:
F85
Inserted (1.02.2008) by Markets in Financial Instruments and Miscellaneous Provisions Act 2007 (37/2007), s. 19(g), S.I. No. 782 of 2007.
F86
Substituted (1.08.2013) by Central Bank (Supervision and Enforcement) Act 2013 (26/2013), s. 62(a), (b)(ii), (c/)-(e), S.I. No. 287 of 2013.
F87
Deleted (1.08.2013) by Central Bank (Supervision and Enforcement) Act 2013 (26/2013), s. 62(b)(i), S.I. No. 287 of 2013.
F88
Inserted (19.12.2012) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 70 and sch. 3 part 2 item 2, S.I. No. 557 of 2012, art. 2(f).
F89
Substituted (1.08.2013) by Central Bank (Supervision and Enforcement) Act 2013 (26/2013), s. 5(1) and sch. 2 part 3 item 1, S.I. No. 287 of 2013.