1. Irish Financial Services Law
  2. Legislation (IE)
  3. Acts
  4. 1971
Date-stamp loading
  1. Central Bank Act, 1971 (No. 24)
Next
Version status: Partly in force | Document consolidation status: Updated to reflect all known changes
Published date: 28 July 1971

Central Bank Act, 1971 (No. 24)

Consolidation Status: Updated to reflect all known changes
Comparing proposed amendment...
Introductory Text
Acts Referred to
Part I Preliminary and General (ss. 1-6)
In force
 1. Short title, collective citation, construction and commencement.
In force
 2. Definitions.
In force
 3. Expenses.
In force
 4. Laying of orders and regulations before Houses of the Oireachtas.
In force
 5. Repeals.
In force
 6. Transitional provision.
Part II Licensing and Supervision of Banks (ss. 7-31FA)
In force
 7. Restriction on carrying on of banking business.
In force
 8. Exemption of persons from section 7.
In force
 9. Grant of licences.
In force
 9A. Authorisation of third country branches.
In force
 9B. Refusal to grant an authorisation under section 9A.
In force
 9C. Revocation of authorisations granted under section 9A.
In force
 9CA. Third country branch reporting
In force
 9CB. Cooperation with competent authorities
In force
 9D. Programme of operations and structural organisation.
In force
 9E. Initial capital.
In force
 9F. Effective direction of business and place of head office.
In force
 9FA.
In force
 9G. Shareholders and members.
In force
 9GA. Assessment of suitability of shareholders or members
In force
 9H. Waiver for credit institutions permanently affiliated to central body.
In force
 9I. Refusal of authorisation.
In force
 9J. Prior consultation of competent authorities.
In force
 10. Conditions of licences.
In force
 11. Revocation of licences.
In force
 12. Publication of names of holders of licences and notices of revocation of licences.
In force
 13. Deposits at Bank for purposes of licences.
In force
 14. Restriction on use of certain words.
In force
 15. Provisions in relation to incorporation of banking companies.
In force
 16. Provisions in relation to registration or change of business name.
In force
 17. Holders of licences etc. to keep certain records.
Repealed
 17A. Powers of authorised persons with respect to holders of licences.
In force
 18. Holders of licences and others to provide Bank with required information and returns.
In force
 19. Publication of business statements by holders of licences.
In force
 20. Displaying of financial statements by holders of licences.
Partly in force
 21. Bank may give certain directions to holders of licences.
In force
 22. Directions by Bank in relation to advertisements of holders of licences.
In force
 23. Regulation of ratios between assets and liabilities of holders of licences.
In force
 23A. Composition of assets and liabilities.
In force
 24. Power of Bank to require deposits by holders of licences in certain circumstances.
In force
 25. Power of Bank in respect of clearances of holders of licences.
In force
 26. Collection of cheques, etc., drawn on holders of licences.
In force
 27. Restriction on advertising for deposits.
In force
 28. Provisions in relation to judgments against holders of licences.
In force
 28A. Power of Court to prohibit certain contraventions of, or failure to comply with, this Act.
Repealed
 29. Proceedings in relation to deposits under section 7.
Repealed
 30. Provisions in relation to bankruptcy and winding up.
In force
 31. Duties of holder of licence or authorisation under section 9A on termination of banking business.
Part IIA Authorisation and Supervision of Class 1 Firms (ss. 31A-31R)
In force
 31A. Interpretations/Definitions (Class 1 firms)
In force
 31B. Requirement for a Class 1 authorisation (Class 1 firms)
In force
 31C. Application for authorisation (Class 1 firms)
In force
 31D. Programme of operations and structural organisation (Class 1 firms)
In force
 31E. Initial Capital (Class 1 firms)
In force
 31F. Effective direction of business and place of head office (Class 1 firms)
In force
 31FA.
In force
 31G. Shareholders and members (Class 1 firms)
In force
 31H. Assessment of suitability of shareholders and members (Class 1 firms)
In force
 31I. Waiver for credit institutions permanently affiliated to central body (Class 1 firms)
In force
 31J. Refusal of authorisation (Class 1 firms)
In force
 31K. Prior consultation of competent authorities (Class 1 firms)
In force
 31L. Conditions of authorisation (Class 1 firms)
In force
 31M. Revocation of authorisation (Class 1 firms)
In force
 31N. Publication of names of holders of authorisations and notices of revocation of authorisations (Class 1 firms)
In force
 31O. Holders of Class 1 authorisations to keep certain records
In force
 31P. Holders of Class 1 authorisations and others to provide Bank with required information and returns
In force
 31Q. Publication of business statements by holders of Class 1 authorisations
In force
 31R. Requirement for holders of MiFID authorisation to re-authorise.
Part III Transfers of Banks (ss. 32-42)
In force
 32. Interpretation (Part III).
In force
 33. Approval by Minister of transfer of bank.
In force
 33A. Effect of order under section 33(1) on certain other rights.
In force
 33B. Minister's power to modify application of section 33A.
In force
 34. Transfer of accounts.
In force
 34A. Transfer of property.
In force
 35. Transfer of securities.
In force
 36. Rights and obligations in relation to transferred securities.
In force
 37. Transfer in the case of property held on bailment.
In force
 38. Transfer of officers, clerks and servants.
In force
 39. Application of certain instruments.
In force
 40. Application of Bankers' Books Evidence Act, 1879.
In force
 41. Continuance of pending legal proceedings.
In force
 42. Exemptions from stamp duty.
Part IV Currency (ss. 43-46)
Repealed
 43. Standard of value.
In force
 44. Issue of legal tender notes by Bank.
In force
 45. Amendment of section 49 of Act of 1927.
In force
 46. Amendment of section 50 of Act of 1927 and of section 5 of the Currency (Amendment) Act, 1930.
Part V Miscellaneous (ss. 47-60)
Repealed
 47. Additional powers and functions of Bank.
In force
 48. Central Bank Reserve Bonds.
In force
 49. Transfer of Exchequer Account to Bank.
In force
 50. Transfer of land bond registers to Bank.
In force
⚠ 51. Provisions relating to Bank of Ireland.
In force
 52. Amendment of Moneylenders Acts, 1900 and 1933.
Deleted
 53. Directors of Bank.
In force
⚠ 54. Superannuation.
In force
 55. Return of deposits under Act of 1942.
In force
 56. Amendment of Bankers' Books Evidence Act, 1879.
In force
 57. Amendment of section 14 of Decimal Currency Act, 1970.
In force
 58. Offences and punishments.
In force
 59. Prosecution of offences by Bank.
In force
 60. Offences in relation to certain bodies.
In force
 Schedule - Enactments Repealed
Next