Counterfeiting Act 2021

Functions and powers of the Central Bank

13. (1) The Central Bank shall monitor, and take all necessary measures to ensure, compliance by relevant persons with their obligations under—

(a) the Euro Banknote Decision,

(b) the Euro Coin Regulation, and

(c) the Euro Counterfeiting Regulation.

(2) Without prejudice to the generality of subsection (1), the Central Bank may verify—

(a) the procedures governing the operation and control by relevant persons of banknote and coin processing machines, and

(b) the treatment of, and any manual authenticity and fitness checking of, euro notes and euro coins by relevant persons.

(3) The Central Bank shall perform—

(a) the controls referred to in Article 6, and

(b) the functions referred to in Articles 8, 9, 11 and 12,

of the Euro Coin Regulation.