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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 August 2004 - onwards
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Schedule 2, Part 2 Amendment of European Communities (Life Assurance) Regulations 1984 (S.I. No. 57 of 1984)

Section 10(3).

Item

Provision affected

Amendment

1.

Article 13

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 25

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...