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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 May 2003 - onwards
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8H. Functions of Bank under this Act.

(1) The Bank has the following functions for the purposes of this Act:

(a) to keep under general review practices or proposed practices in relation to any of the obligations imposed on persons by or under the designated provisions;

(b) to carry out investigations of any such practices or proposed practices whenever the Bank considers it in the public interest to do so or the Minister so requests;

(c) to request persons engaging in or proposing to engage in such practices as are, or are likely to be, contrary to the obligations imposed on them by a designated provision discontinue or not engage in those practices;

(d) whenever a person in relation to whom such a request has been made engages in or is proposing to engage in any such practice, to bring civil proceedings in the High Court for an order requiring the person to discontinue or not to engage in the practice;

(e) to investigate complaints concerning possible breaches of any of the designated provisions, but at the same time havi

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