Central Bank Reform Act 2010

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Appointment of nominees, etc., for purposes of this Part.

52.— (1) The Governor may at his or her discretion appoint a suitably qualified person (including a person who is not an officer or employee of the Bank) to perform a function of the Governor under this Part if the Governor considers it necessary or appropriate to do so to ensure that the functions of the Governor under this Part are performed efficiently and effectively.

(2) The Head of Financial Regulation may at his or her discretion appoint a suitably qualified person (including a person who is not an officer or employee of the Bank) to perform a function (or any part of a function) of the Head of Financial Regulation under this Part if the Head of Financial Regulation considers it necessary or appropriate to do so to ensure that the functions of the Head of Financial Regulation under this Part are performed efficiently and effectively.

(3) Without prejudice to the generality of subsections (1) and (2), the power to appoint a person to perform a function in accordance with either of those subsections includes the power to appoint the person to do any one or more of the following:

(a) form an opinion required by this Part to be formed by the Governor or the Head of Financial Regulation (as the case may be);

(b) make an application to the Court;

(c) certify a matter to the Court.