Central Bank Act, 1998

Disclosure of information to European Central Bank.

10.—Section 16 (as amended by section 50 of the Stock Exchange Act, 1995 , section 49 of the Investment Intermediaries Act, 1995 , and section 52 of the Act of 1997) of the Act of 1989 is hereby amended—

(a) by the substitution of the following subsection for subsection(1)(b):

“(b) the Bank's activities in respect of the pursuit of its objectives as set out in section 6 (as amended by section 5 of the Central Bank Act, 1998) of the Central Bank Act, 1942 .”,

(b) by the substitution of the following subparagraphs for subparagraph (t) of subsection (2):

“(t) made to the European Monetary Institute or to the European Central Bank where such disclosure is required in accordance with the Treaty or the Statute,

(tt) made to an auditor to which section 11 of the Central Bank Act, 1998, applies,”,

(c) by the substitution of the following paragraph for paragraph (II) of subsection (2)(ii):

“(II) the issue by the Bank or by the European Central Bank of legal tender, or”,

and

(d) by the substitution of the following paragraph for paragraph (III) of subsection (2)(ii):

“(III) the pursuit by the Bank of its objectives under section 6 (as amended by section 5 of the Central Bank Act, 1998) of the Principal Act.”.