Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I move amendment No. 3:

In page 7, to delete lines 31 to 37.

Essentially, all of the amendments in my name in this grouping flow directly from amendment No. 3. They all relate to the issue of the financial services legislation. If there is adequate wording in section 6 concerning financial services legislation and, in particular, on the application of the Central Bank legislation to credit unions, which makes it absolutely clear that provisions which were never intended to be applied to credit unions will not now apply to them, even if financial services legislation is specifically referred to later in the Bill, then I would be satisfied with that. All of the other amendments flow from that so if the overall principle is agreed in the definition of financial services legislation, namely that it only relates to where it explicitly refers to credit unions, than that will be sufficient.