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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 August 2013 - onwards
Version 2 of 2

32L. Annual performance statements.

DRAFT Text inserted 45. Amendment of section 32L of Act of 1942 of the Finance (Provision of Access to Cash Infrastructure) Bill 2024 (stage updated 26 September 2024)

(1) No later than 30 April in each year, the Bank shall prepare a statement relating to the Bank's performance in regulating financial services (in this section called a 'performance statement').

(2) A performance statement is to be in 3 parts -

(a) details, including the aims and objectives, of regulatory activity planned for the current year (in this subsection called a 'Regulatory Performance Plan'),

(b) a review of the Bank's regulatory performance during the preceding year having regard to the Regulatory Performance Plan for that year and any other relevant matters, and

(c) the report of any international peer review carried out during the preceding year under section 32M.

(3) The review of the Bank's regulatory performance required by subsection (2)(b) shall include details of the activities carried out during the relevant year by -

(a) the part of the Bank responsible for internal audit,

(aa) the Bank in relation to the exercise of its powers under Part 2 of the Central Bank (Supervision and Enforcement) Act 2013, and

(b) the Registrar of Credit Unions.