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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2005 - onwards
Version 2 of 2

27. Substitution of Part V of Central Bank Act 1997.

The Central Bank Act 1997 is amended by substituting the following Part for Part V:

"Part V  Supervision of Regulated Businesses

Chapter 1 Introductory provisions

28. Definitions (Part V).

In this Part -

'Appeals Tribunal' means the Irish Financial Services Appeals Tribunal established under Part VIIA of the Central Bank Act 1942;

'authorisation' means an authorisation authorising a person to carry on -

(a) a bureau de change business, or

(b) a money transmission business,

and, if an authorisation is amended in accordance with section 34, means the authorisation as amended;

'bureau de change business' means a business that comprises or includes providing members of the public with a service that involves buying or selling foreign currency, other than a service that is provided -

(a) by a person or body regulated by the Bank referred to in section 32 (1) (a) to (k) of the Criminal Justice Act 1994, or

(b) by a person or body prescribed as a designated body under section 32(10) (a) of that Act (but only if the person or body is regulated by the Bank under a designated enactment or designated statutory instrument), or

(c) by a person or body on an ancillary basis in the ordinary course of providing services to customers of the person or body;

'inspector' means a person holding office as an inspector under section 36G;