(1) Whenever the Minister considers it necessary in the national interest, he may, after consulting the Bank, give a direction that in respect of a specified day or days a person to whom the direction relates shall not effect in the course of business any transaction, or any transaction of such a kind, as may be specified in the direction.
(2) The Minister may after consulting the Bank grant an exemption from all or part of a direction under this section to any person to whom it relates where he is satisfied that such an exemption would not adversely affect the national interest.
(3) In respect of every direction or exemption under this section, it shall be -
(a) in writing or put in writing as soon as possible after the direction has been given or the exemption has been granted, as the case may be, and
(b) either -
(i) sent in writing or, where notified orally, confirmed in writing to the person or persons concerned, or
(ii) published in the Iris Oifigiúil,
as soon as possible after
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