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Number 16 of 1989
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CENTRAL BANK ACT, 1989
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ARRANGEMENT OF SECTIONS
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PART I
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Preliminary and General
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Section
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1.
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Short title.
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2.
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Commencement.
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3.
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Interpretation generally.
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4.
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Repeals.
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PART II
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The Central Bank
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Chapter I
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Preliminary, Alteration of Penalties and General Offence Provisions
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5.
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Definitions (Part II).
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6.
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Construction and collective citation (Part II).
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7.
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Laying of regulations and orders before Houses of the Oireachtas.
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8.
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Alteration of penalties under Principal Act.
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9.
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Offences and penalties under Act of 1971.
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10.
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Prosecution of offences by Bank.
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11.
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Offences in relation to certain bodies.
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Chapter II
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General Provisions Relating to the Bank
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12.
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Additional powers and functions of Bank.
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13.
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Fees in respect of supervision by Bank.
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14.
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Composition of Board of Directors.
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15.
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Offices and staff of Bank.
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16.
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Disclosure of information.
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17.
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Prevention of corruption.
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18.
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Keeping of documents.
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19.
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Accounts and records of Bank.
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20.
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Report and returns by Bank.
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21.
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Exemption of Bank from taxes.
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22.
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Winding up of legal tender note fund and transfer of assets to general fund.
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23.
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General fund.
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24.
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Monetary unit and exchange rate.
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25.
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Currency in which contracts, etc., are made.
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Chapter III
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Licensing and Supervision of Licence Holders
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26.
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Extension of application of licensing and supervisory provisions.
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27.
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Investigation of complaints.
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28.
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Charges, etc., by holders of licences.
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29.
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Amendment of section 2 of Act of 1971.
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30.
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Amendment of section 7 of Act of 1971.
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31.
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Exemption of persons from section 7 of Act of 1971.
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32.
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Grant of licences, etc.
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33.
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Amendment of section 10 of Act of 1971.
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34.
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Revocation of licences.
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35.
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Amendment of section 12 of Act of 1971.
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36.
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Provisions in relation to books and records of holders of licences.
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37.
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Furnishing of information to Bank.
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38.
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Directions by Bank to holders of licences.
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39.
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Amendment of section 22 of Act of 1971.
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40.
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Amendment of section 23 of Act of 1971.
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41.
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Composition of assets and liabilities.
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42.
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Amendment of section 26 of Act of 1971.
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43.
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Amendment of section 27 of Act of 1971.
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44.
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Power of Court to prohibit certain contraventions of, or failure to comply with, Act of 1971.
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45.
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Amendment of section 31 of Act of 1971.
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46.
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Appointment of auditor.
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47.
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Duties of auditor.
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Chapter IV
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General Provisions Relating to Winding Up
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48.
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Grounds for winding up on application of Bank.
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49.
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Notices, documents to be sent to Bank relating to winding up.
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50.
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Right of Bank to be represented at meetings, etc.
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51.
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Construing of references to winding up, etc.
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52.
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Rules of Court.
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Chapter V
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Deposit Protection
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53.
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Interpretation (Chapter V).
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54.
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Deposit protection account.
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55.
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Deposits by holders of licences.
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56.
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Review of operation of deposit protection account.
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57.
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Deposit protection account and cesser of banking business where solvent.
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58.
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Vesting in liquidator of deposited amount.
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59.
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Statement of affairs and calculation of payments from deposit protection account, etc. on insolvency.
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60.
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Payment out of deposit protection account on winding up.
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61.
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Effect of payment by Bank under section 60.
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62.
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Eligible deposits.
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63.
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Certain additional persons to be excluded depositors.
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64.
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Provisions applicable to excluded depositors, etc.
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65.
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Calculation of certain payments relating to trustee deposits and joint accounts.
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66.
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Treatment of certain payments out of general fund.
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67.
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Reconstitution of deposit protection account.
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68.
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Exclusion from reconstitution.
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69.
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Crediting of moneys to deposit protection account, distributions, etc.
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70.
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Expenses and remuneration of liquidator under this Chapter.
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71.
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Limitation of time.
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72.
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Regulations (Chapter V).
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73.
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Extension of application of Chapter V.
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Chapter VI
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Acquiring Transactions
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74.
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Interpretation (Chapter VI).
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75.
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Application (Chapter VI).
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76.
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Limitation on validity of acquiring transactions.
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77.
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Consent of Minister to certain acquiring transactions required.
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78.
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Requirement on Bank before refusal to approve acquiring transaction.
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79.
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Alteration of prescribed percentage.
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80.
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Conditions on approval of proposed acquiring transaction.
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81.
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Right of purported vendor to damages.
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82.
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Notification of proposed acquiring transactions to Bank.
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83.
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Relevant period for purpose of sections 76, 86 and 88.
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84.
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Inquiries by Bank.
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85.
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Communication of Bank's approval or refusal to approve.
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86.
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Appeal to High Court against refusal, etc., of Bank.
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87.
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Contravention of approval, etc.
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88.
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Application of certain other enactments.
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Chapter VII
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Supervision of Certain Financial Institutions for the purposes of an International Financial Services Centre
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89.
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Definitions (Chapter VII).
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90.
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Application (Chapter VII).
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91.
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Orders (Chapter VII).
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92.
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Supervision, etc. of financial institutions by Bank.
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93.
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Application of sections 17 and 18 of Act of 1971.
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94.
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Establishment of self-regulatory bodies.
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95.
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Power of Court to prohibit failure to comply with requirement or condition under Chapter VII.
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96.
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Report of non-compliance to Minister.
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Chapter VIII
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Supervision of Financial Futures and Options Exchanges
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97.
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Definitions (Chapter VIII).
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98.
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Gaming and Lotteries Acts.
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99.
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Establishment of exchanges.
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100.
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Existing exchanges.
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101.
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Approval of rules by Bank, conditions, etc.
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102.
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Refusal of Bank to approve rules.
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103.
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Application of section 17 of Act of 1971.
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104.
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Restriction on advertising.
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105.
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Directions by Bank to suspend trading, dealing.
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106.
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Revocation of approval of rules.
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107.
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Offences and penalties (Chapter VIII).
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Chapter IX
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Supervision of Moneybrokers
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108.
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Interpretation (Chapter IX).
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109.
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Orders (Chapter IX).
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110.
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Authorisation to carry on moneybroking business.
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111.
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Supervision, etc. of moneybrokers by Bank.
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112.
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Application of section 17 of Act of 1971.
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113.
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Power of Court to prohibit failure to comply with requirement or condition under Chapter IX.
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114.
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Revocation of authorisations.
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115.
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Publication of names of moneybrokers and notices of revocation of authorisations.
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116.
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Offences and penalties (Chapter IX).
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Chapter X
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Codes of Practice
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Chapter XI
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Legal Tender Notes
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118.
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Provision of legal tender notes.
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119.
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Application of certain enactments.
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120.
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Issue of legal tender notes by Bank.
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121.
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Redemption of legal tender notes.
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122.
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Calling in of legal tender notes.
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123.
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Defacement, etc., of legal tender notes and consolidated bank notes.
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PART III
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Coinage
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124.
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Definition (Part III).
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125.
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Amendment of section 3 of Act of 1969.
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126.
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Amendment of section 4 of Act of 1969.
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127.
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Legal tender (coinage).
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128.
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Alteration of penalties under Act of 1969.
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129.
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Amendment of section 17 of Act of 1969.
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130.
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Collective citation (Part III).
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PART IV
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Miscellaneous Provisions Relating to Financial Transactions
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131.
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Amendment of Bankers' Books Evidence Act, 1879.
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132.
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Amendment of Bills of Exchange Act, 1882.
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133.
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Supplementary provision to section 3 of Cheques Act, 1959.
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134.
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Power of Minister to direct suspension of certain business transactions, etc.
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135.
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Payments on public holidays not compellable.
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136.
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Amendment of Money-lenders Act, 1900.
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137.
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Deposit with Bank to be an authorised investment for trustees.
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138.
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Amendment of Trustee (Authorised Investments) Act, 1958.
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139.
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Electronic transfer of certain securities.
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140.
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Retention of certain information in non-legible form.
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141.
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Construction and collective citations.
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SCHEDULE
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Acts Referred to
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Assurance Companies Act, 1909
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9 Edw. 7, c. 49
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Bankers' Books Evidence Act, 1879
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42 & 43 Vict., c. 11
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Bankers' Books Evidence (Amendment) Act, 1959
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1959, No. 21
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Bills of Exchange Act, 1882
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45 & 46 Vict., c. 61
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Building Societies Act, 1976
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1976, No. 38
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Central Bank Act, 1942
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1942, No. 22
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Central Bank Act, 1961
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1961, No. 8
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Central Bank Act, 1964
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1964, No. 3
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Central Bank Act, 1971
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1971, No. 24
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Cheques Act, 1959
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1959, No. 19
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Companies Act, 1963
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1963, No. 33
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Companies Acts, 1963 to 1986
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Currency Act, 1927
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1927, No. 32
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Currency and Central Bank Acts, 1927 to 1971
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Decimal Currency Act, 1969
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1969, No. 23
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Decimal Currency Acts, 1969 and 1970
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Exchange Control Act, 1954
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1954, No. 30
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Finance Act, 1911
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1 & 2 Geo. 5, c. 48
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Finance Act, 1917
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6 & 7 Geo. 5, c. 31
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Finance Act, 1980
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1980, No. 14
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Finance Act, 1986
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1986, No. 13
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Finance Act, 1987
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1987, No. 10
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Forgery Act, 1913
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3 & 4 Geo. 5, c. 27
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Friendly Societies Act, 1896
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59 & 60 Vict., c. 25
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...
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