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Central Bank (Individual Accountability Framework) Act 2023

(Act 5 of 2023)
Central Bank (Individual Accountability Framework) Bill 2022 (Bill 75 of 2022)

Bill entitled an Act to amend the Central Bank Act 1942 to extend the application of the administrative sanctions procedure to persons performing controlled functions and to certain holding companies, to provide for the appointment of a panel from which appointments may be made for the purposes of certain decisions, to provide for the admissibility of business records at an inquiry, to provide for disclosure agreements, and to provide for an application for confirmation by the High Court of a decision of an inquiry under Part IIIC and a decision of the Irish Financial Services Appeals Tribunal under Part VIIA of that Act; to amend the Central Bank Reform Act 2010 to extend the regulation and supervision of financial service providers and persons performing controlled functions and pre-approval controlled functions through the introduction of business standards, conduct standards and the duty of responsibility, to provide for the independence of persons carrying out an investigation in the performance of their functions, to provide for the independence of persons to whom a function of the Head of Financial Regulation, the Central Bank or the Governor is delegated in the performance of their functions, to provide for a right of appeal to the Irish Financial Services Appeals Tribunal of a decision of the Head of Financial Regulation to confirm a suspension notice, to increase the period for which the High Court may extend the duration of a suspension notice, and to provide for an application for confirmation by the High Court of a decision of the Central Bank or Governor to issue a prohibition notice; to amend the Central Bank (Supervision and Enforcement) Act 2013 to extend the regulation making power of the Central Bank to provide for arrangements that financial service providers shall adopt in relation to the allocation of responsibilities and compliance with obligations under financial services legislation; to amend the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. No. 352 of 2011); and to provide for related matters.

Last updated: 9 Mar 2023

Sponsored by: Minister for Finance

Source: Government

Originating House: Dáil Éireann

History of this Act

The Bill has been signed into law by the President.

9 Mar 2023

  • Dáil First Stage

    28 Jul 2022

    Dáil First Stage

    The Bill is initiated or presented to the House

    28 Jul 2022

    Completed

  • Dáil Second Stage

    28 Jul 2022

    Dáil Second Stage

    The general principles of the Bill are debated

    28 Jul 2022

    Completed

  • Dáil Third Stage

    19 Oct 2022

    Dáil Third Stage

    The Bill is examined section by section and amendments may be made

    (Also known as Committee Stage)

    19 Oct 2022

    Completed

  • Dáil Fourth Stage

    8 Dec 2022

    Dáil Fourth Stage

    Amendments arising out of Committee Stage are considered

    (Also known as Report Stage)

    8 Dec 2022

    Completed

  • Dáil Fifth Stage

    1 Feb 2023

    Dáil Fifth Stage

    Final statements on the Bill are made and it is set down for Second Stage in the Seanad

    (Also known as Final Stage)

    1 Feb 2023

    Completed

  • Seanad First Stage

    n/a

    Seanad First Stage

    The Bill is deemed to have passed Seanad First Stage

    n/a

    Completed

  • Seanad Second Stage

    8 Feb 2023

    Seanad Second Stage

    The general principles of the Bill are debated

    8 Feb 2023

    Completed

  • Seanad Third Stage

    8 Feb 2023

    Seanad Third Stage

    The Bill is examined section by section and amendments may be made
    (Also known as Committee Stage)

    8 Feb 2023

    Completed

  • Seanad Fourth Stage

    16 Feb 2023

    Seanad Fourth Stage

    Amendments arising out of Committee Stage are considered
    (Also known as Report Stage)

    16 Feb 2023

    Completed

  • Seanad Fifth Stage

    22 Feb 2023

    Seanad Fifth Stage

    Final statements on the Bill are made
    (Also known as Final Stage)

    22 Feb 2023

    Completed

  • Enacted

    9 Mar 2023

    Enacted

    The Bill is signed into law by the President

    9 Mar 2023

    Completed

 

9 Mar 2023

Central Bank (Individual Accountability Framework) Act 2023

1 Mar 2023

As Passed by both Houses of the Oireachtas

Central Bank (Individual Accountability Framework) Bill 2022

1 Feb 2023

As passed by Dáil Éireann

Central Bank (Individual Accountability Framework) Bill 2022

7 Dec 2022

As amended in Committee/Select Committee (Dáil Eireann)

Central Bank (Individual Accountability Framework) Bill 2022

28 Jul 2022

As initiated

Central Bank (Individual Accountability Framework) Bill 2022

Amendments

22 Feb 2023

Report Stage

Numbered List [Seanad]

22 Feb 2023

Cream List

Cream List [Seanad amendments to Dáil Bill]

16 Feb 2023

Committee Stage

Numbered List [Seanad]

31 Jan 2023

Report Stage

Numbered List [Dáil]

29 Nov 2022

Committee Stage

Numbered List [Dáil]

Debates

1 Mar 2023

Dáil Éireann

Central Bank (Individual Accountability Framework) Bill 2022: From the Seanad

22 Feb 2023

Seanad Éireann

Central Bank (Individual Accountability Framework) Bill 2022: Report and Final Stages

16 Feb 2023

Seanad Éireann

Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage

8 Feb 2023

Seanad Éireann

Central Bank (Individual Accountability Framework) Bill 2022: Second Stage

1 Feb 2023

Dáil Éireann

Central Bank (Individual Accountability Framework) Bill 2022: Report and Final Stages

1 Feb 2023

Dáil Éireann

Central Bank (Individual Accountability Framework) Bill 2022: Order for Report Stage

7 Dec 2022

Select Committee On Finance, Public Expenditure And Reform, And Taoiseach

Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed)

30 Nov 2022

Select Committee On Finance, Public Expenditure And Reform, And Taoiseach

Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage

19 Oct 2022

Dáil Éireann

Central Bank (Individual Accountability Framework) Bill 2022: Referral to Select Committee

19 Oct 2022

Dáil Éireann

Central Bank (Individual Accountability Framework) Bill 2022: Second Stage (Resumed)

19 Oct 2022

Dáil Éireann

Central Bank (Individual Accountability Framework) Bill 2022: Second Stage (Resumed)

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