Central Bank (Individual Accountability Framework) Act 2023

Observance of directions imposing disqualification or conditions

51. The Act of 1942 is amended by the substitution of the following section for section 33AU:

“33AU. A regulated financial service provider shall ensure that a person is not permitted to perform a controlled function in relation to the financial service provider in circumstances, or in a manner, that would contravene a direction which is imposed under section 33AQ or 33AR by virtue of subsection (3)(d) or (da) or (5)(c) or (ca) of section 33AQ.”.