69. Central Bank to propose recommendations to the Financial System Oversight Committee

The Central Bank shall, if it considers necessary to prevent or mitigate a systemic risk with powers other than macroprudential instruments as provided for in subsection (1) of section 66, or if such risk is likely to be arising from the behaviour of any class of financial sector participants outside of the Central Bank’s regulatory or supervisory authority, propose to the Financial System Oversight

Committee, recommendations to be issued to relevant public authorities or to financial sector authorities, under section 75.