Central Bank (Individual Accountability Framework) Bill 2022 Passes The Seanad

On 22 February 2023, the Central Bank (Individual Accountability Framework) Bill 2022 was passed by Seanad Eireann (the "Seanad"). In this insight we discuss the debates at Committee and Report stages of the Seanad and flag the next steps in the process.

Committee Stage:

On 16 February 2023, the Bill was taken at Committee Stage of the Seanad.

Government amendments

As signalled by the Minister at Second Stage of the Seanad, the Government proposed two amendments at Committee Stage. The Minister noted that these amendments are transitional provisions and determine the extent to which an inquiry, that is already under way at the time the relevant provisions of the Bill are commenced, shall be affected by the provisions. Both amendments were accepted.