Oireachtas Joint and Select Committees
Wednesday, 30 November 2022
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
This section amends section 25 of the 2010 Act. The six-year period is significant because it refers to the timeframe within which a person can be investigated for their performance of a controlled function preceding the commencement of the investigation itself. In other words, to state it more plainly, the lookback period for the breach of regulations is six years. The reason we picked the six-year figure is my officials tell me that is consistent with the time window with regard to the Statute of Limitations.
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