Central Bank Reform Act 2010

39

Payment of allowances and expenses to persons who appear before Head of Financial Regulation.

39.— (1) A person (other than a person to whom subsection (2) applies) who appears before the Head of Financial Regulation in compliance with an evidentiary notice is entitled to be paid such allowances and travelling or other expenses as the Head of Financial Regulation may reasonably allow.

(2) This subsection applies to—

(a) a person whose fitness and probity is being investigated under this Part,

(b) a regulated financial service provider F41[or holding company] or a former regulated financial service provider F41[or former holding company], and

(c) a person called or put forward by a person referred to in paragraph (a) or (b) to give evidence.

(3) All allowances and expenses payable under subsection (1) are payable by the Bank.

Annotations:

Amendments:

F41

Inserted (19.04.2023) by Central Bank (Individual Accountability Framework) Act 2023 (5/2023), s. 23(a), (b), S.I. No. 176 of 2023.