Trustee Savings Banks Act, 1989

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Furnishing of information to Central Bank.

25.—(1) The trustees of a trustee savings bank shall furnish to the Central Bank—

(a) at such times as the Central Bank may specify from time to time, such information and returns concerning the business of the bank as the Central Bank may specify from time to time, being information and returns that the Central Bank considers it necessary to have for the due performance of its functions under this Act, and

(b) within such period as the Central Bank may specify, any information and returns (not being information or returns specified under paragraph (a)) concerning the business of the bank that the Central Bank may request in writing, being information and returns that the Central Bank considers it necessary to have for the due performance of its functions under this Act.

(2) A person shall not furnish information to the Central Bank pursuant to subsection (1) that he knows to be false or misleading.

(3) (a) Without prejudice to the generality of subsection (1), in subsection (1) “information and returns” includes audited accounts of the trustee savings banks concerned and reports of the auditor concerned on those accounts.

(b) In this section references to a trustee savings bank include references to—

(i) a subsidiary of the bank,

(ii) if the bank is a subsidiary—

(I) its holding company, and

(II) any other subsidiary of its holding company,

and

(iii) an associated company (within the meaning of section 24 (2) (b) (ii)) of the bank.

(4) A person who contravenes this section shall be guilty of an offence.