Central Bank (Individual Accountability Framework) Act 2023

Investigations and suspension notices under Chapter 3 of Part 3 of Act of 2010

89. (1) In relation to an investigation under Chapter 3 of Part 3 of the Act of 2010, notice of which was given to the person to whom the investigation relates before the commencement of section 15 , that Chapter continues to apply, subject to subsections (2) and (3), as if Part 3 of this Act had not been commenced.

(2) Subsection (4) of section 25A of the Act of 2010 as inserted by section 15 applies in relation to an investigation referred to in subsection (1) which is discontinued on or after the commencement of section 15 .

(3) Section 41 of the Act of 2010 as substituted by section 25 applies in relation to an investigation referred to in subsection (1) on and after the commencement of section 25

(a) with the omission of paragraph (a) of subsection (1) of the said section 41, and

(b) with the substitution of the following paragraph for paragraph (c) of the said subsection (1):

“(c) any response or other submission by the person to whom the investigation relates that that person is entitled to make,”.

(4) In relation to a suspension notice issued under section 26 of the Act of 2010 before the commencement of a provision of sections 16 to 21 , Chapter 3 of Part 3 of that Act continues to apply as if that provision had not been commenced.