Central Bank (Individual Accountability Framework) Act 2023

Amendment of section 33AK of Act of 1942

75. Section 33AK of the Act of 1942 is amended—

(a) in subsection (1A)—

(i) in paragraph (a), by the substitution of “unincorporate” for “incorporate”, and

(ii) by the substitution of “if the Rome Treaty, the ESCB Statute or any of the supervisory EU legal acts prohibits the disclosure or requires it to be prohibited” for “if such disclosure is prohibited by the Rome Treaty, the ESCB Statute or the supervisory EU legal acts”,

(b) in subsection (5B), in paragraph (a), by the substitution of “unincorporate” for “incorporate”,

(c) by the substitution of the following subsection for subsection (6):

“(6) Any person or entity to whom confidential information is provided by the Bank under subsection (3)(a) or (5) shall hold and deal with that confidential information in a manner consistent with the provisions on professional secrecy in the supervisory EU legal acts and in the ESCB Statute.”,

and

(d) in subsection (6A), by the deletion of “the provisions of professional secrecy referred to in”.