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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 December 2023 - onwards
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48. Bank's power to make regulations.

(1) The Bank may make regulations for the proper and effective regulation of regulated financial service providers.

(2) The provision that may be made by the regulations referred to in subsection (1) is as follows:

(a) provision as to the procedures that regulated financial service providers are to adopt for identifying, monitoring, reporting on the risks to which they are or may be exposed (including those posed by the state of the economy) and for managing those to which they are exposed so as to minimise them;

(b) provision regulating the administrative, accounting, auditing and reporting arrangements of regulated financial service providers;

(ba) provision specifying the aspects of a regulated financial service provider's affairs for which a PCF holder has inherent responsibility for the purposes of section 53B of the Central Bank Reform Act 2010;

(bb) provision specifying the aspects of a regulated financial service provider's affairs for which responsibility is to be allocated by

Comparing proposed amendment...