"Each credit institution shall, within three months, notify the Director of all charges imposed by it in relation to the provision of any service to a customer or to a group of customers."
Yeah, it's that section above where it says customer and not consumer. Really should have said consumer, someome made a boo boo and never admitted it.
Negotiated charges, which is essentially a waiver of 149 to not have a set limit/ceiling on a charge that hey can't go over, still needs to be approved/rejected by central bank, they have to approve the fact that a bank wants to negotiate this charge with their customers, the charge has to be explained by the bank to them, if approved evidence has to be kept of each individual negotiation by the Credit Institution.
A lot of large corps actually go onto standard fees of large international banks fee list, they could have 100+ different charges but maybe a few are negotiated but usually down from a max charge that Central Bank approved via 149 and not the negotiated/waived route.
BOI have gone beyond the pass through of the market rate which is -50bps. So either the central bank approved Bank of Ireland to allow them to negotiate NCI for corps or they never sought it as they believe Interest Rates are not covered under the Act and not considered a charge, but an interest rate, negative or otherwise.