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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 1 May 2003 - onwards
  Version 3 of 3    

5. Amendment of section 6 of Act of 1942.

Repealed from 1 May 2003

The Act of 1942 is hereby amended by the substitution of the following section for section 6:

"6.

(1) In discharging its functions as part of the European System of Central Banks, the primary objective of the Bank shall be to maintain price stability, and without prejudice to the generality of the aforesaid, the Bank may perform such functions and exercise such powers and carry out such duties as are conferred or imposed on it by the Treaty, the Statute or any Act of the Oireachtas or instrument made thereunder.

(2) In addition to the objective referred to in subsection (1) of this section, the objectives of the Bank shall include contributing to the stability of the financial system, promoting the efficient and effective operation of payment and settlement systems and discharging such other functions, duties and powers as are conferred or imposed on it by the Treaty, the Statute or any Act of the Oireachtas or instrument made thereunder.

(3) Without prejudice to the functions, po

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