1. HomeBaile
  2. ActsAchtanna
  3. 2003
  4. Central Bank and Financial Services Authority of Ireland Act 2003

Central Bank and Financial Services Authority of Ireland Act 2003
  • Permanent Page URL

Substitution of section 24 of the Principal Act.

20.—The Principal Act is amended by substituting the following section for section 24 (as substituted by section 14 of the Central Bank Act 1989 ):

“Tenure of office of Directors.

24.—(1) A person who is an official Director holds office as such for as long as the person holds the office by virtue of which the person is such a Director.

(2) An appointed Director holds office as such for a period of 5 years unless the Director previously ceases to hold that office as provided by a provision of this Part.

(3) Subsection (2) applies only to a Director whose appointment takes effect on or after the commencement of section 20 of the Central Bank and Financial Services Authority of Ireland Act 2003.”.