53.— (1) The Bank may publish a notice in accordance with subsection (3) where the Bank reasonably believes that a company registered in the State, or any other person operating in the State, is—

(a) providing any financial service, without such authorisation as is required under any provision of financial services legislation in respect of the provision of such financial service, or

(b) claiming, or holding itself out, to be a regulated financial service provider, without such authorisation as is required under any provision of financial services legislation in respect of any financial service that the financial service provider claims or holds itself out to be providing.

(2) The Bank shall endeavour to provide the company or person referred to in subsection (1) with 7 days notice of the Bank’s intention to publish a notice under this section.

(3) The Bank may publish a notice under this section in any such manner as the Bank considers appropriate.