Central Bank Act, 1998

PART II

European System of Central Banks and European Central Bank

Amendment of section 5 of Act of 1942.

3.— Section 5 of the Act of 1942 is hereby amended by the substitution of the following subsection for subsection (4):

“(4) Subject to the provisions of section 5A (as inserted by the Central Bank Act, 1998) of this Act, the functions, powers and duties of the Bank shall be exercised and performed by the Board of Directors for and in the name of the Bank.”.