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PART 6
Miscellaneous Amendments
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Amendment of section 17A of Central Bank Reform Act 2010
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50. Section 17A of the Central Bank Reform Act 2010 is amended by the insertion of the following subsection after subsection (6):
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“(6A) (a) Before making regulations under this section, the Bank shall carry out an assessment of the costs and benefits of the business standards it proposes to prescribe.
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(b) An assessment referred to in paragraph (a) shall include an assessment of the potential impacts of the proposed regulations on customers and fair competition in the financial markets in the State.
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(c) The Bank shall, not later than the date of the making of any regulations under this section, publish any assessment carried out under paragraph (a) on a website maintained by it or on its behalf.”.
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