Central Bank (Supervision and Enforcement) Act 2013

79.

Amendment of section 27 of Central Bank Act 1997.

79.— Section 27 of the Central Bank Act 1997 is amended by inserting the following after subsection (5):

“(6) ( a) Subsection (1) does not apply if the regulated financial service provider concerned has a reasonable excuse.

( b) It is a reasonable excuse for the purposes of paragraph ( a) for a regulated financial service provider to fail to comply with a requirement under section 25 or 26 that such compliance might tend to incriminate the regulated financial service provider.

( c) Paragraph ( b) does not limit what is a reasonable excuse for the purposes of paragraph ( a).”.