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Provision affected |
Amendment |
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1. |
Substitute the following subsections for subsection (4): |
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"(4) If the Central Bank decides to refuse to register a memorandum and rules, it shall, within 6 months after the relevant date, notify the signatories of the memorandum and the rules of its decision and of its reasons for it. The relevant date is— |
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(a) the date of delivery of the rules and memorandum, or |
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(b) the date of receipt of such other information as the Central Bank requires for the purpose of deciding whether or not to register the rules and memorandum, |
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whichever is the later. |
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(4A) A refusal to register a memorandum and rules is an appealable decision for the purposes of Part VIIA of the Central Bank Act 1942. However, the Irish Financial Services Appeals Tribunal may hear and determine an appeal against such a refusal only if made by at least 10 signatories of the memoran |
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 August 2004 - onwards