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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 23 April 2021 - onwards
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106X. Bank’s power to make regulations.

(1) The Bank may by regulations provide for any matter referred to in this Chapter as prescribed or to be prescribed.

(2) Without prejudice to any provision of this Chapter, regulations under this Chapter may contain such incidental, supplementary and consequential provisions as appear to the Bank to be necessary or expedient for the purposes of the regulations.

(3) Every regulation made by the Bank under this Chapter shall be laid before each House of the Oireachtas as soon as may be after it is made and, if a resolution annulling the regulation is passed by either such House within the next 21 days on which that House sits after the regulation is laid before it, the regulation shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder.

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