Trustee Savings Banks Act, 1989
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Regulations and directions. |
4.—(1) Without prejudice to any specific provision of this Act, any regulations thereunder may contain such incidental, consequential, transitional or supplementary provisions (including provisions for the purpose of effecting the transition from the enactments repealed by section 7 of this Act) as may appear to the Minister to be necessary or proper for any purpose of this Act or in consequence of, or to give full effect to, any provision of this Act. | |
(2) Every regulation made under this Act 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 has sat after the regulation is laid before it, the regulation shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder. | ||
(3) (a) The Central Bank may give a direction to a trustee savings bank in relation to any matter (other than a matter in relation to which a direction may be given by the Central Bank to a trustee savings bank under any other provision of this Act) connected with the business carried on by the bank or where it considers it necessary to do so in the interest of the orderly and proper regulation of trustee savings banks. | ||
(b) A person who fails or refuses to comply with a direction under this subsection shall be guilty of an offence. | ||
(4) (a) A direction by the Central Bank under this Act shall be given in writing by an officer of the Central Bank duly authorised for that purpose. | ||
(b) The provisions of subsection (1) shall, subject to any necessary modifications, apply to such a direction as they apply to regulations. | ||
(c) Such a direction may be given to a trustee savings bank by sending it by ordinary prepaid post to the secretary or other like officer of the bank addressed to him at the chief office of the bank. | ||
(d) The Central Bank may by a direction under this paragraph amend or revoke a direction given by it under this Act including this paragraph. |