Central Bank Act 2014

Amendment of Central Bank Act 1971

1. The Central Bank Act 1971 is amended—

(a) in section 32 by inserting the following definition:

“ ‘building society’ means a building society to which an authorisation has been granted or deemed to be granted under the Building Societies Act 1989 ;”,

(b) in section 33(1) —

(i) by inserting “or a building society acting through its board of directors” after “Whenever the holder of a licence”,

(ii) by inserting “, or where the transferor is a building society the business to which its authorisation,” after “the business to which the licence”, and

(iii) in paragraph (a) by deleting “not less than four months”,

(c) in section 33A by inserting the following subsection after subsection (2) :

“(2A) Where the transferor is ICS Building Society, the definition of ‘relevant agreement’ in subsection (2) has effect as if the references to transferor also include the Governor and Company of the Bank of Ireland.”,


(d) in section 42(2) by inserting “or authorisation” after “licence”.