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Finance (Provision of Access to Cash Infrastructure) Act 2025 (No. 4)Introductory TextActs Referred toPart 1 Preliminary and general (ss. 1-4)1. Short title and commencement2. Interpretation3. Expenses4. Regulations and orders made by MinisterPart 2 Access to cash (ss. 5-12)5. Access to cash criteria6. Bank to collect and publish information relating to cash infrastructure7. Local deficiencies8. Guidelines9. Monitoring and enforcement10. Designated entities11. Access fees12. Power of Bank to require information, records, plans, etc.Part 3 Registration of ATM deployers and CIT providers (ss. 13-28)13. Definitions (Part 3) 14. Obligation on ATM deployers and CIT providers to register with Bank15. Register of ATM deployers and CIT providers16. Transitional provision for existing ATM deployers and CIT providers17. Application for registration18. Grant and refusal of applications for registration19. Bank may impose conditions on CIT provider when granting application for registration20. Offence to fail to comply with condition imposed under section 1921. Term of registration22. Bank may amend registration23. Regulatory disclosure statement24. Revocation of registration on application of holder25. Revocation of registration other than on application of holder26. Bank to publish notice of revocation27. Direction not to carry out business other than as directed28. Sharing of information and cooperation between Bank and Private Security AuthorityPart 4 Miscellaneous powers of bank (ss. 29-42)29. Definitions (Part 4) 30. Bank’s power to make regulations31. Prescribed requirements for ATM operators32. Offence to fail to comply with prescribed requirements33. Retention of records34. Bank’s power to give directions35. Bank may apply to High Court for orders enforcing directions36. Power to appoint authorised officers37. Powers of authorised officers38. Offences and penalties39. Offences by bodies corporate40. Bank’s power to prescribe levies41. Bank’s power to prescribe fees42. Surplus or deficiency in income of Bank during financial yearPart 5 Consequential amendments (ss. 43-49)43. Amendment of section 32C of Act of 194244. Amendment of section 32L of Act of 194245. Amendment of section 33AK of Act of 194246. Amendment of section 57A of Act of 194247. Amendment of section 61G of Act of 194248. Amendment of Schedule 2 to Act of 194249. Amendment of Schedule 5 to Companies Act 2014Part 6 Miscellaneous amendments (ss. 50-51)50. Amendment of section 17A of Central Bank Reform Act 201051. Amendment of Central Bank (Supervision and Enforcement) Act 2013
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AI Summary of 27. Direction not to carry out business other than as directed

The Bank may issue a direction to the holder of a registration under section 25 if it reasonably believes there are grounds for revocation. This direction can prohibit the holder from conducting business as an ATM deployer or CIT provider except under specified conditions. The direction must state the reasons, the duration, and the conditions required for compliance. The holder has the right to appeal this decision under Part VIIA of the Act of 1942, but may not appeal if they have already sought an order from the High Court within 21 days of the direction.

Applications to the High Court for affirming, setting aside, or varying the direction can be made and may be heard privately at the court's discretion. The Bank retains the authority to amend or revoke the direction, which takes effect immediately unless a later date is specified. The direction remains in force for up to 12 months or until the holder's registration is revoked, and non-compliance can result in an offence.

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Version status: In force | Document consolidation status: No known changes
Version date: 30 June 2025 - onwards
Version 2 of 2

27. Direction not to carry out business other than as directed

(1) If the Bank reasonably believes that there may be grounds for revoking a registration under section 25, the Bank may decide to give to the holder a direction prohibiting the holder from carrying on business as an ATM deployer or CIT provider, as the case may be, other than in accordance with conditions specified by the Bank in the direction.

(2) The Bank shall include in a direction under this section a statement -

(a) setting out the reasons for giving the direction,

(b) specifying the period during which the direction is to remain in force, and

(c) specifying the conditions with which the holder is required to comply.

(3) Subject to subsection (5), a decision of the Bank to give a direction under subsection (1) is an appealable decision for the purposes of Part VIIA of the Act of 1942.

(4) A holder to whom a direction is given under subsection (1) may apply to the High Court for, and the High Court may, if it considers it appropriate to do so, grant, an order affirming, setting aside or varying the direction.

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