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Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 12 July 1989

Central Bank Act, 1989 (No. 16)

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Introductory Text
Acts Referred to
Part I Preliminary and General (ss. 1-4)
In force
1. Short title.
In force
2. Commencement.
In force
3. Interpretation generally.
In force
4. Repeals.
Part II The Central Bank (ss. 5-123)
Chapter I Preliminary, Alteration of Penalties and General Offence Provisions (ss. 5-11)
In force
5. Definitions (Part II).
In force
6. Construction and collective citation (Part II).
In force
7. Laying of regulations and orders before Houses of the Oireachtas.
In force
8. Alteration of penalties under Principal Act.
In force
9. Offences and penalties under Act of 1971.
In force
10. Prosecution of offences by Bank.
In force
11. Offences in relation to certain bodies.
Chapter II General Provisions Relating to the Bank (ss. 12-25A)
Repealed
12. Additional powers and functions of Bank.
Repealed
13. Fees in respect of supervision by Bank.
In force
14. Composition of Board of Directors.
In force
15. Offices and staff of Bank.
Repealed
16. Disclosure of information.
In force
17. Prevention of corruption.
Repealed
18. Keeping of documents.
Repealed
19. Accounts and records of Bank.
Repealed
20. Report and returns by Bank.
Repealed
21. Exemption of Bank from taxes.
In force
22. Winding up of legal tender note fund and transfer of assets to general fund.
Repealed
23. General fund.
In force
24. Monetary unit and exchange rate.
In force
25. Currency in which contracts, etc., are made.
Repealed
25A.
Chapter III Licensing and Supervision of Licence Holders (ss. 26-47A)
In force
26. Extension of application of licensing and supervisory provisions.
In force
27. Investigation of complaints.
Repealed
28. Charges, etc., by holders of licences.
In force
29. Amendment of section 2 of Act of 1971.
In force
30. Amendment of section 7 of Act of 1971.
In force
31. Exemption of persons from section 7 of Act of 1971.
In force
32. Grant of licences, etc.
In force
33. Amendment of section 10 of Act of 1971.
In force
34. Revocation of licences.
In force
35. Amendment of section 12 of Act of 1971.
In force
36. Provisions in relation to books and records of holders of licences.
In force
37. Furnishing of information to Bank.
In force
38. Directions by Bank to holders of licences.
In force
39. Amendment of section 22 of Act of 1971.
In force
40. Amendment of section 23 of Act of 1971.
In force
41. Composition of assets and liabilities.
In force
42. Amendment of section 26 of Act of 1971.
In force
43. Amendment of section 27 of Act of 1971.
In force
44. Power of Court to prohibit certain contraventions of, or failure to comply with, Act of 1971.
In force
45. Amendment of section 31 of Act of 1971.
In force
46. Appointment of auditor.
In force
47. Duties of auditor.
In force
47A. Further duties of auditor.
Chapter IV General Provisions Relating to Winding Up (ss. 48-52)
Deleted
48. Grounds for winding up on application of Bank.
In force
49. Notices, documents to be sent to Bank relating to winding up.
In force
50. Right of Bank to be represented at meetings of committees of inspection.
In force
51. Construing of references to winding up, etc.
In force
52. Rules of Court.
Chapter V Deposit Protection (ss. 53-73)
Repealed
53. Interpretation (Chapter V).
Repealed
54. Deposit protection account.
Repealed
55. Deposits by holders of licences.
Repealed
56. Review of operation of deposit protection account.
Repealed
57. Deposit protection account and cesser of banking business where solvent.
Repealed
58. Vesting in liquidator of deposited amount.
Repealed
59. Statement of affairs and calculation of payments from deposit protection account, etc. on insolvency.
Repealed
60. Payment out of deposit protection account on winding up.
Repealed
61. Effect of payment by Bank under section 60.
Repealed
62. Eligible deposits.
Repealed
63. Certain additional persons to be excluded depositors.
Repealed
64. Provisions applicable to excluded depositors, etc.
Repealed
65. Calculation of certain payments relating to trustee deposits and joint accounts.
Repealed
66. Treatment of certain payments out of general fund.
Repealed
67. Reconstitution of deposit protection account.
Repealed
68. Exclusion from reconstitution.
Repealed
69. Crediting of moneys to deposit protection account, distributions, etc.
Repealed
70. Expenses and remuneration of liquidator under this Chapter.
Repealed
71. Limitation of time.
Repealed
72. Regulations (Chapter V).
Repealed
73. Extension of application of Chapter V.
Chapter VI Acquiring Transactions (ss. 74-88)
Repealed
74. Interpretation (Chapter VI).
Repealed
75. Application (Chapter VI).
Repealed
76. Limitation on validity of acquiring transactions.
Repealed
77. Consent of Minister to certain acquiring transactions required.
Repealed
78. Requirement on Bank before refusal to approve acquiring transaction.
Repealed
79. Alteration of prescribed percentage.
Repealed
80. Conditions on approval of proposed acquiring transaction.
Repealed
81. Right of purported vendor to damages.
Repealed
82. Notification of proposed acquiring transactions to Bank.
Repealed
83. Relevant period for purpose of sections 76, 86 and 88.
Repealed
84. Inquiries by Bank.
Repealed
85. Communication of Bank's approval or refusal to approve.
Repealed
86. Appeal to High Court against refusal, etc., of Bank.
Repealed
87. Contravention of approval, etc.
Repealed
88. Application of certain other enactments.
Chapter VII Supervision of Certain Financial Institutions for the purposes of an International Financial Services Centre (ss. 89-96A)
In force
89. Definitions (Chapter VII).
In force
90. Application (Chapter VII).
In force
91. Orders (Chapter VII).
In force
92. Supervision, etc. of financial institutions by Bank.
In force
93. Application of sections 17 and 18 of Act of 1971.
In force
94. Establishment of self-regulatory bodies.
In force
95. Power of Court to prohibit failure to comply with requirement or condition under Chapter VII.
In force
96. Report of non-compliance to Minister.
In force
96A. Application of this Part to certain classes of financial institution.
Chapter VIII Supervision of Financial Futures and Options Exchanges (ss. 97-107)
In force
97. Definitions (Chapter VIII).
In force
98. Gaming and Lotteries Acts.
In force
99. Establishment of exchanges.
In force
100. Existing exchanges.
In force
101. Approval of rules by Bank, conditions, etc.
In force
102. Refusal of Bank to approve rules.
In force
103. Application of section 17 of Act of 1971.
In force
104. Restriction on advertising.
In force
105. Directions by Bank to suspend trading, dealing.
In force
106. Revocation of approval of rules.
In force
107. Offences and penalties (Chapter VIII).
Chapter IX Supervision of Moneybrokers (ss. 108-116)
In force
108. Interpretation (Chapter IX).
In force
109. Orders (Chapter IX).
In force
110. Authorisation to carry on moneybroking business.
In force
111. Supervision, etc. of moneybrokers by Bank.
In force
112. Application of section 17 of Act of 1971.
In force
113. Power of Court to prohibit failure to comply with requirement or condition under Chapter IX.
In force
114. Revocation of authorisations.
In force
115. Publication of names of moneybrokers and notices of revocation of authorisations.
In force
116. Offences and penalties (Chapter IX).
Chapter X Codes of Practice (s. 117)
In force
117. Codes of practice.
Chapter XI Legal Tender Notes (ss. 118-123)
In force
118. Provision of legal tender notes.
In force
119. Application of certain enactments.
In force
120. Issue of legal tender notes by Bank.
In force
121. Redemption of legal tender notes.
In force
122. Calling in of legal tender notes.
In force
123. Defacement, etc., of legal tender notes and consolidated bank notes.
Part III Coinage (ss. 124-130)
In force
124. Definition (Part III).
In force
125. Amendment of section 3 of Act of 1969.
In force
126. Amendment of section 4 of Act of 1969.
In force
127. Legal tender (coinage).
In force
128. Alteration of penalties under Act of 1969.
In force
129. Amendment of section 17 of Act of 1969.
In force
130. Collective citation (Part III).
Part IV Miscellaneous Provisions Relating to Financial Transactions (ss. 131-141)
In force
131. Amendment of Bankers' Books Evidence Act, 1879.
In force
132. Amendment of Bills of Exchange Act, 1882.
In force
133. Supplementary provision to section 3 of Cheques Act, 1959.
In force
134. Power of Minister to direct suspension of certain business transactions, etc.
In force
135. Payments on public holidays, etc. not compellable.
Repealed
136. Amendment of Money-lenders Act, 1900.
In force
137. Deposit with Bank to be an authorised investment for trustees.
Repealed
138. Amendment of Trustee (Authorised Investments) Act, 1958.
In force
139. Electronic transfer of certain securities.
In force
140. Retention of certain information in non-legible form.
In force
141. Construction and collective citations.
In force
Schedule - Enactments Repealed