AI Summary of 46. Amendment of section 57A of Act of 1942
Section 57A(1) of the Act of 1942 has been amended to redefine the term 'appealable decision'. The new definition specifies that an 'appealable decision' refers to a decision made by the Bank that is explicitly categorised as such by a provision of this Act, a designated enactment, a designated statutory instrument, or the Finance (Provision of Access to Cash Infrastructure) Act 2025, provided that the latter is not designated as a designated enactment.
This amendment clarifies the scope of decisions subject to appeal under this Part, ensuring a clearer understanding of which decisions can be challenged. The refinement in the definition aims to streamline compliance and regulatory processes related to appealable decisions.
46. Amendment of section 57A of Act of 1942
Section 57A(1) of the Act of 1942 is amended by the substitution of the following definition for the definition of "appealable decision":
"‘appealable decision’ means a decision of the Bank that is declared by a provision of this Act, a designated enactment, a designated statutory instrument or the Finance (Provision of Access to Cash Infrastructure) Act 2025 (in so far as that Act is not a designated enactment), to be an appealable decision for the purposes of this Part;".