Central Bank Act, 1989.

Furnishing of information to Bank.

37.—The Act of 1971 is hereby amended by the substitution of the following section for section 18: (1)

“18. (1) A holder of a licence and any person carrying on a business—

(a) of an associated enterprise to which subsection (3) of this section relates,

(b) in respect of which that person is, by virtue of section 7 (4) (a) (ii) of this Act, exempted from the obligation to hold a licence,

(c) as an investment trust company,

(d) as a moneybroker,

(e) as a financial intermediary, or

(f) of issuing, holding or otherwise participating in any market in financial instruments including those to which Chapter VIII of the Central Bank Act, 1989, applies;

shall each furnish the Bank—

(i) at such times as the Bank may specify from time to time, such information and returns concerning the business to which the licence relates or the carrying on of a business as aforesaid by such person, as the case may be, as the Bank may specify from time to time, being information and returns which the Bank considers it necessary to have for the due performance of its statutory functions;

(ii) within such period as the Bank may specify, any information and returns (not being information or returns specified under paragraph (i) of this subsection) concerning the business to which the licence relates or the carrying on of a business as aforesaid by such person, as the case may be, that the Bank may request in writing, being information and returns which the Bank considers it necessary to have for the due performance of its statutory functions.

(2) A person shall not furnish information or returns under this section which he knows to be false.

(3) Subsections (1) and (2) of this section shall apply to the business of an associated enterprise to the extent only that the information and returns sought by the Bank are, in the opinion of the Bank, materially relevant to the proper appraisal of the business of the holder of the licence to which the associated enterprise relates.

(4) In this section:

‘>associated enterprise’ has the same meaning as it has in section 17 of this Act;

‘information and returns’ and ‘information or returns’ includes audited accounts, audited group accounts and any other documents which are equivalent or correspond to such audited accounts or audited group accounts;

‘moneybroker’ has the meaning assigned to it by section 108 of the Central Bank Act, 1989, for the purposes of Chapter IX of that Act.”.

OJ No. L193 18.7.1983, p.18.