Central Bank (Supervision and Enforcement) Act 2013
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Consultation before making regulations. |
49.— (1) Before making regulations under section 48 , the Bank— | |
(a) shall consult with the Minister and for that purpose shall provide to the Minister a draft of the proposed regulations, | ||
(b) in the case of regulations under section 48 (2)(b), shall also consult with the Minister for Enterprise, Jobs and Innovation and for that purpose shall provide to that Minister a draft of the proposed regulations, and | ||
(c) may consult with such other persons as the Bank considers appropriate to consult in the circumstances. | ||
(2) (a) This subsection applies to credit unions acting under an authorisation from the Bank under Part II of the Credit Union Act 1997 . | ||
(b) Before making regulations under section 48 in respect of credit unions to which this subsection applies, the Bank shall also consult with— | ||
(i) the Credit Union Advisory Committee (within the meaning of the Credit Union Act 1997 ), and | ||
(ii) any other body that appears to the Bank to have expertise or knowledge of credit unions. |