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AI Summary of 32L. Annual performance statements.

Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 30 June 2025 - onwards
Version 3 of 3

32L. Annual performance statements.

(1) No later than 30 April in each year, the Bank shall prepare a statement relating to the Bank's performance in regulating financial services and with regard to its functions under the Finance (Provision of Access to Cash Infrastructure) Act 2025 (in this section called a 'performance statement').

(2) A performance statement is to be in 3 parts -

(a) details, including the aims and objectives, of regulatory activity planned for the current year (in this subsection called a 'Regulatory Performance Plan'),

(b) a review of the Bank's regulatory performance during the preceding year having regard to the Regulatory Performance Plan for that year and any other relevant matters, and

(c) the report of any international peer review carried out during the preceding year under section 32M.

(3) The review of the Bank's regulatory performance required by subsection (2)(b) shall include details of the activities carried out during the relevant year by -

(a) the part of the Bank responsible for internal audit,

(aa) the Bank in relation to the exercise of its powers under Part 2 of the Central Bank (Supervision and Enforcement) Act 2013, and