|
|
|
Amendment of Central Bank (Supervision and Enforcement) Act 2013
|
| |
51. The Central Bank (Supervision and Enforcement) Act 2013 is amended by the insertion of the following section after section 50:
|
|
| |
“Assessment of costs and benefits of regulations
|
|
| |
50A. (1) The Bank shall carry out an assessment of the costs and benefits of regulations it proposes to make under section 48 before making such regulations.
|
|
| |
(2) An assessment referred to in subsection (1) shall include an assessment of the potential impacts of the proposed regulations on customers and fair competition in the financial markets in the State.
|
|
| |
(3) The Bank shall, not later than the date of the making of any regulations under section 48, publish any assessment carried out under subsection (1) on a website maintained by it or on its behalf.”.
|
