(1) The Bank may issue rules or standards in relation to an EMIR regulatory return, from time to time, and the Bank shall cause -

(a) such rules or standards to be published, as soon as practicable, on the website of the Bank, and

(b) notice of the issue of such rules or standards to be published in the Iris Oifigiúil, as soon as may be.

(2) Any rules or standards issued by the Bank under this Regulation shall have regard to the need to ensure that the requirements imposed by the rules or standards concerned are effective and proportionate having regard to the nature, scale and complexity of the activities of the persons to whom the rules or standards are addressed.