Central Bank and Financial Services Authority of Ireland Act 2003

Insertion into the Principal Act of new sections 61E and 61F.

30.—The Principal Act is amended by inserting the following sections in Part IX before section 62:

“Bank and certain other persons required to consult.

61E.—(1) This section applies to the following persons:

(a) the Bank;

(b) any delegate of the Bank;

(c) the Pensions Board;

(d) the Director of Consumer Affairs;

(e) the Competition Authority;

(f) the Registrar of Friendly Societies;

(g) the Director of Corporate Enforcement;

(h) any person whom the Minister (after consultation with the person) designates in writing for the purposes of this section.

(2) The persons to whom this section applies shall, whenever the occasion requires, consult with each other for the purpose of ensuring the establishment and pursuit of consistent policies regarding the regulation of financial services in the State.

(3) Nothing in this section authorises a person to whom this section applies to contravene section 33AK or any provision of a law that imposes an obligation of confidentiality on the person.

Expenses incurred by Minister in administering this Act.

61F.—The expenses incurred by the Minister in administering this Act are payable out of money provided by the Oireachtas.”.