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Version date: 1 March 2021 - onwards
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38. Amendment of section 45 of Act of 1994

Section 45 of the Act of 1994 is amended by the renumbering of the existing section as subsection(1) thereof and the insertion of the following subsections:

"(2) The Bank shall not provide any funds from its own resources, other than from those resources provided to it under subsection (3), to defray expenses of the Bank incurred by it in the performance of the functions under sections 49 to 59 (in subsection (3) referred to as ‘expenses of the Bank associated with its functions under sections 49 to 59’).

(3) The Central Bank Commission shall make regulations under section 32D of the Central Bank Act 1942 prescribing levies (in subsection (4) referred to as the ‘dedicated levies’) to be paid by investment limited partnerships, and the moneys received by the Bank by way of such levies shall be used by it to defray expenses of the Bank associated with its functions under sections 49 to 59.

(4) Where -

(a) in any year, the Bank reasonably apprehends that it will be unable to defra

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