Central Bank (Supervision and Enforcement) Act 2013


Matters to which Bank shall have regard before giving notice under section 9 .

10.— Before giving a notice under section 9 , the Bank, taking account of the purposes for which the report is required, shall have regard to at least the following matters—

( a) whether any other powers that may be available to the Bank under any provision of financial services legislation may be more appropriate in the circumstances concerned,

( b) the relevant knowledge and expertise available to the reviewee, and

( c) the cost implications for the reviewee of providing the report, the resources available to the reviewee and the benefit to the reviewee of providing the report.