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Central Bank Act 2014

In short

This law primarily facilitates the transfer of business and assets of building societies and amends the Central Bank Act 1971 for this and other purposes. It also provides for specific payments from the Central Fund to support financial assistance for the Hellenic Republic.

What it regulates

Who it concerns

Key points

📄 Legal text
Central Bank Act 2014 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.ie) Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.ie) Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(s) or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 2014 Central Bank Act 2014 Central Bank Act 2014 Permanent Page URL View by SectionAmharc de réir Ailt View Full ActAmharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Open PDFOscail PDF Print Full ActPriontáil an tAcht Iomlán Number 9 of 2014 CENTRAL BANK ACT 2014 CONTENTS Section 1. Amendment of Central Bank Act 1971 2. Certain payments out of Central Fund 3. Short title and collective citation Acts Referred to Building Societies Act 1989 (No. 17) Central Bank Act 1971 (No. 24) Central Bank Acts 1942 to 2013 European Stability Mechanism Act 2012 (No. 20) Number 9 of 2014 CENTRAL BANK ACT 2014 An Act to make provision for the effective and expeditious transfer of the business and other assets and liabilities of building societies and for that and other purposes to amend the Central Bank Act 1971 ; to make provision for certain payments out of the Central Fund to the account established by the ESM as agent on behalf of the euro area Member States to receive payments for the purpose of providing financial assistance to the Hellenic Republic; and to make provision for related matters. [4 th June, 2014] Be it enacted by the Oireachtas as follows: Amendment of Central Bank Act 1971 1. The Central Bank Act 1971 is amended— (a) in section 32 by inserting the following definition: “ ‘building society’ means a building society to which an authorisation has been granted or deemed to be granted under the Building Societies Act 1989 ;”, (b) in section 33(1) — (i) by inserting “or a building society acting through its board of directors” after “Whenever the holder of a licence”, (ii) by inserting “, or where the transferor is a building society the business to which its authorisation,” after “the business to which the licence”, and (iii) in paragraph (a) by deleting “not less than four months”, (c) in section 33A by inserting the following subsection after subsection (2) : “(2A) Where the transferor is ICS Building Society, the definition of ‘relevant agreement’ in subsection (2) has effect as if the references to transferor also include the Governor and Company of the Bank of Ireland.”, and (d) in section 42(2) by inserting “or authorisation” after “licence”. Certain payments out of Central Fund 2. There may be paid out of the Central Fund or the growing produce of that Fund sums, not exceeding €126,000,000 in aggregate, to enable the State to make payments in the years from 2014 to 2026 to the account established by the ESM (within the meaning of the European Stability Mechanism Act 2012 ) as agent on behalf of the euro area Member States to receive payments for the purpose of providing financial assistance to the Hellenic Republic. Short title and collective citation 3. (1) This Act may be cited as the Central Bank Act 2014. (2) The Central Bank Acts 1942 to 2013 and section 1 may be cited together as the Central Bank Acts 1942 to 2014. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais

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AI explanation based on the official legal text. Indicative, not a substitute for legal advice.