1. Irish Financial Services Law
  2. Legislation (IE)
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  4. 2004
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  1. Central Bank and Financial Services Authority of Ireland Act 2004 (No. 21)
  2. Schedule 2 Amendment of European Communities Regulations Consequential on Insertion of Part IIIC of Central Bank Act 1942
  3. Schedule 2, Part 1 Amendment of European Communities (Non-Life Insurance) Regulations 1976 (S.I. No. 115 of 1976)
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 August 2004 - onwards
  Version 2 of 2    

Schedule 2, Part 1 Amendment of European Communities (Non-Life Insurance) Regulations 1976 (S.I. No. 115 of 1976)

Section 10(3).

Item

Provision affected

Amendment

1.

Article 12

Substitute the following sub-articles for sub-articles (2) and (3):

 

 

"(2) A decision of the Bank refusing an application for an authorisation is an appealable decision for the purposes of Part VIIA of the Central Bank Act 1942.

 

 

(3) A failure of the Bank to deal with an application for an authorisation within 6 months after the date on which the Bank received the application is taken to be an appealable decision for the purposes of Part VIIA of the Central Bank Act 1942.".

2.

Article 23

Substitute the following sub-article for sub-article (6):

 

 

"(6) A decision of the Bank to revoke an authorisation or to suspend the business of an undertaking is an appealable decision for the purposes of Part VIIA of the Central Bank Act 1942.".

 

Comparing proposed amendment...
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