Central Bank (Individual Accountability Framework) Act 2023

Amendment of section 33BD of Act of 1942

65. Section 33BD of the Act of 1942 is amended by the insertion of the following subsection after subsection (1):

“(1A) Without prejudice to the generality of subsection (1), the Bank may prescribe guidelines with respect to the determination of appropriate sanctions and the level of any monetary penalty to be imposed under this Part.”.