Central Bank and Financial Services Authority of Ireland Act 2003

Amendment of section 10 of the Principal Act (seal of the Bank).

11.—Section 10 of the Principal Act is amended—

(a) by substituting the following subsection for subsection (1):

“(1) The seal of the Bank is to be kept in such custody as the Board directs and may be used only as authorised—

(a) if the seal is to be used in relation to a function or power of the Bank that is to be performed or exercised by the Board, by the Board, or

(b) if the seal is to be used in relation to a function or power of the Bank that is to be performed or exercised by the Governor, by the Governor, or

(c) if the seal is to be used in relation to a function or power of the Bank that is to be performed or exercised by the Regulatory Authority, by that Authority.”, and

(b) by deleting subsections (4) and (5).