Central Bank Act, 1971

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Number 24 of 1971

CENTRAL BANK ACT, 1971

ARRANGEMENT OF SECTIONS

Part I

Preliminary and General

Section
1.	Short title, collective citation, construction and commencement.
2.	Definitions.
3.	Expenses.
4.	Laying of orders and regulations before Houses of the Oireachtas.
5.	Repeals.
6.	Transitional provision.

Part II

Licensing and Supervision of Banks

7.	Restriction on carrying on of banking business.
8.	Exemption of persons from section 7.
9.	Grant of licences.
10.	Conditions of licences.
11.	Revocation of licences.
12.	Publication of names of holders of licences and notices of revocation of licences.
13.	Deposits at Bank for purposes of licences.
14.	Restriction on use of certain words.
15.	Provisions in relation to incorporation or banking companies.
16.	Provisions in relation to registration or change of business name.
17.	Provisions in relation to books and records of holders of licences.
18.	Furnishing of information to Bank.
19.	Publication of business statements by holders of licences.
20.	Displaying of financial statements by holders of licences.
21.	Directions by Bank to holders of licences.
22.	Directions by Bank in relation to advertisements of holders of licences.
23.	Regulation of ratios between assets and liabilities of holders of licences.
24.	Power of Bank to require deposits by holders of licences in certain circumstances.
25.	Power of Bank in respect of clearances of holders of licences.
26.	Collection of cheques, etc., drawn on holders of licences.
27.	Restriction on advertising for deposits.
28.	Provisions in relation to judgements against holders of licences.
29.	Proceedings in relation to deposits under section 7.
30.	Provisions in relation to bankruptcy and winding up.
31.	Duties of holder of licence on termination of banking business.

Part III

Transfers of Banks

Part IV

Currency

43.	Standard of value.
44.	Issue of legal tender notes by Bank.
45.	Amendment of section 49 of Act of 1927.
46.	Amendment of section 50 of Act of 1927 and of section 5 of the Currency (Amendment) Act, 1930.

Part V

Miscellaneous

Schedule

Enactments Repealed

Acts Referred to
Currency Act, 1927	1927, No. 32
Central Bank Act, 1942	1942, No. 22
Companies Act, 1963	1963, No. 33
Registration of Business Names Act, 1963	1963, No. 30
Bills of Exchange Act, 1882	1882, c. 61
Registration of Deeds Act, 1707	6 Anne, c. 2 (Ir.)
Registration of Title Act, 1964	1964, No. 16
Bankers'Books Evidence Act, 1879	1879, c. 11
Finance Act, 1895	1895, c. 16
Currency (Amendment) Act, 1930	1930, No. 30
Exchequer and Audit Departments Act, 1866	1866. c. 39
Bank of Ireland Act, 1929	1929, No. 4 (Private)
Moneylenders Act, 1900	1900, c 51
Central Bank Act, 1961	1961, No. 8
Bankers' Books Evidence (Amendment) Act, 1959	1959, No. 21
Decimal Currency Act, 1970	1970, No. 21

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Number 24 of 1971

CENTRAL BANK ACT, 1971

AN ACT TO MAKE FURTHER PROVISION IN RELATION TO BANKS AND BANKING, INCLUDING PROVISION FOR THE LICENSING AND SUPERVISION OF BANKS BY THE CENTRAL BANK OF IRELAND, TO AMEND AND EXTEND THE CURRENCY AND CENTRAL BANK ACTS, 1927 TO 1964, AND TO PROVIDE FOR OTHER MATTERS CONNECTED WITH THE MATTERS AFORESAID. [28th July, 1971]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:

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