AI Summary of 30. Bank’s power to make regulations
The Bank is authorised to establish regulations addressing matters mentioned in Part 3 or the current Part as deemed necessary or appropriate. Additionally, such regulations may include incidental, supplementary, and consequential provisions that the Bank considers necessary for their implementation.
Furthermore, the Minister is obligated to present every regulation enacted by the Bank under Part 3 or this Part before both Houses of the Oireachtas as soon as practicable post-enactment. Should either House pass a resolution to annul the regulation within 21 sitting days after its presentation, the regulation will be annulled, although this does not affect the validity of actions taken under it prior to the annulment.
30. Bank’s power to make regulations
(1) The Bank may, by regulations, provide for any matter referred to in Part 3 or this Part as prescribed or to be prescribed.
(2) Without prejudice to any provision of Part 3 or this Part, a regulation made by the Bank under Part 3 or this Part may contain such incidental, supplementary and consequential provisions as appear to the Bank to be necessary or expedient for the purposes of the regulation.
(3) The Minister shall arrange for every regulation made by the Bank under Part 3 or this Part to be laid before each House of the Oireachtas as soon as may be after it is made and, if a resolution annulling the regulation is passed by either such House within the next 21 days on which that House sits after the regulation is laid before it, the regulation shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder.