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Ireland · Law · Public

2023/5

Central Bank (Individual Accountability Framework) Act 2023

enactedIreland· Dáil Éireann· EN

Introduced

28 July 2022

Last action

9 March 2023 · Enacted

Status

Enacted

Sponsors

Minister for Finance

Subjects

Discovery layer

Source updated

11 September 2024

Official titles

Authentic titles published by the source. The stored canonical title is not replaced.

1 official language
  • Irish

    Acht an Bhainc Ceannais (Creat Cuntasachta Aonair), 2023

Summary

Act to amend the Central Bank Act 1942 to extend the application of the administrative sanctions procedure to persons performing controlled functions and to certain holding companies, to provide for the appointment of a panel from which appointments may be made for the purposes of certain decisions, to provide for the admissibility of business records at an inquiry, to provide for disclosure agreements, and to provide for an application for confirmation by the High Court of a decision of an inquiry under Part IIIC and a decision of the Irish Financial Services Appeals Tribunal under Part VIIA of that Act; to amend the Central Bank Reform Act 2010 to extend the regulation and supervision of financial service providers and persons performing controlled functions and pre-approval controlled functions through the introduction of business standards, conduct standards and the duty of responsibility, to provide for the independence of persons carrying out an investigation in the performance of their functions, to provide for the independence of persons to whom a function of the Head of Financial Regulation, the Central Bank or the Governor is delegated in the performance of their functions, to provide for a right of appeal to the Irish Financial Services Appeals Tribunal of a decision of the Head of Financial Regulation to confirm a suspension notice, to increase the period for which the High Court may extend the duration of a suspension notice, and to provide for an application for confirmation by the High Court of a decision of the Central Bank or Governor to issue a prohibition notice; to amend the Central Bank (Supervision and Enforcement) Act 2013 to extend the regulation making power of the Central Bank to provide for arrangements that financial service providers shall adopt in relation to the allocation of responsibilities and compliance with obligations under financial services legislation; to amend the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. No. 352 of 2011); and to provide for related matters.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 28 July 2022

    Published

    Source: Dáil Éireann

  2. 28 July 2022

    First Stage

    Source: Dáil Éireann

  3. 28 July 2022

    Second Stage

    Source: Dáil Éireann

  4. 19 October 2022

    Committee Stage

    Source: Dáil Éireann

  5. 8 December 2022

    Report Stage

    Source: Dáil Éireann

  6. 1 February 2023

    Fifth Stage

    Source: Dáil Éireann

  7. 8 February 2023

    Second Stage

    Source: Seanad Éireann

  8. 8 February 2023

    Committee Stage

    Source: Seanad Éireann

  9. 16 February 2023

    Report Stage

    Source: Seanad Éireann

  10. 22 February 2023

    Fifth Stage

    Enacted

    Source: Seanad Éireann

  11. 1 March 2023

    Cream List

    Enacted

    Source: Dáil Éireann

  12. 9 March 2023

    Enacted

  13. 9 March 2023

    Enacted

    Enacted

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

8 official files

Central Bank (Individual Accountability Framework) Act 2023

View fileDownload file

Leesvertaling

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  • Central Bank (Individual Accountability Framework) Act 2023

    pdf · EN · 9 March 2023

    ViewDownloadOpen at official source

  • As passed by both Houses of the Oireachtas

    pdf · EN · 1 March 2023

    ViewDownloadOpen at official source

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  • As passed by Dáil Éireann

    pdf · EN · 1 February 2023

    ViewDownloadOpen at official source

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  • Bill Digest

    pdf · EN · 28 December 2022

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  • As amended in Committee/Select Committee [Dáil Éireann]

    pdf · EN · 7 December 2022

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  • Glossary/Gluais

    pdf · EN · 12 October 2022

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  • Explanatory Memorandum

    pdf · EN · 28 July 2022

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  • As Initiated

    pdf · EN · 28 July 2022

    ViewDownloadOpen at official source

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Sponsors

  • Minister for Finance · Minister for Finance

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