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Central Bank and Financial Services Authority of Ireland Act 2003

Insertion into the Principal Act of new section 22A.

18.—The Principal Act is amended by inserting the following section after section 22:

“Director General of the Bank to carry out certain responsibilities of the Governor.

22A.—The Director General of the Bank is required to carry out the responsibilities of the Governor under section 19A (other than under subsection (1)(c)) and paragraph 3(3) of Schedule 1 whenever—

(a) the Governor is, because of absence or ill-health or for any other reason, unable to carry out those responsibilities, or

(b) the office of Governor is vacant.”.