Ireland:
Individual Accountability Framework: Bill Completes Dail Committee Stage
12 December 2022
Arthur Cox
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The Central Bank (Individual Accountability Framework) Bill
completed Committee Stage in Dáil Éireann yesterday
evening (7 December 2022). Dáil Report Stage is expected to
take place during the week beginning 12 December. We may see small
additional amendments put forward at Report Stage to address some
points raised at Committee Stage, including the point regarding
when an investigation can be discontinued (read our earlier update
here). A query was
also raised at Committee Stage yesterday evening as to whether the
drafting of one of the sections that deals with breaking the
participation link needs to be refined - that point has been taken
away by the Minister for consideration.
It now seems likely that all Seanad stages will take place in
January 2023. We expect the consultations from the Central Bank on
its regulations and guidance to issue for review around the same
time that the Bill is finalised.
This article contains a general summary of developments and
is not a complete or definitive statement of the law. Specific
legal advice should be obtained where appropriate.
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