Counterfeiting Act 2021

Appointment of authorised officers

17. (1) Where it is necessary to do so for the purpose of the performance by it of its functions under section 13 , the Central Bank may appoint any of its officers or employees or other suitably qualified persons to be authorised officers and to exercise any of the powers conferred by this Part.

(2) The Central Bank may revoke any appointment made by it under subsection (1).

(3) An appointment or revocation under this section shall be in writing.

(4) A person’s appointment by the Central Bank as an authorised officer ceases on the earliest of—

(a) the revocation by the Central Bank of the appointment,

(b) in a case where the appointment is for a specified period, the expiration of the period,

(c) the person’s resignation from the appointment, and

(d) in the case where the person is an officer or employee of the Central Bank—

(i) the resignation of the person as an officer or employee of the Central Bank, or

(ii) the termination of the person’s employment with the Central Bank, or when the person’s term of office ceases, for any reason.

(5) Whenever requested to do so by the Central Bank, an authorised officer shall give to the Central Bank a report on the exercise by him or her of all or any of the powers conferred on an authorised officer by this Part.

(6) In this section, “suitably qualified person” means any person (other than an officer or employee of the Central Bank) who, in the opinion of the Central Bank, has the qualifications and experience necessary to exercise the powers conferred on an authorised officer by this Part.