Central Bank (Individual Accountability Framework) Act 2023

Limitation of judicial review

67. The Act of 1942 is amended by the substitution of the following section for section 33BF:

“33BF. (1) Leave shall not be granted for judicial review of any of the following:

(a) a finding made by the Bank under section 33AQ(1) or (2);

(b) a decision of the Bank imposing a sanction under section 33AQ;

(c) a decision of the Bank imposing a sanction under section 33AR(2)(b) or (4)(b).

(2) An application for leave to apply for judicial review of any other decision of the Bank under this Part must be made—

(a) within 2 months after the date on which notice of the decision was first notified to the person concerned, or

(b) if the High Court makes an order extending that period, within that extended period.”.