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

I am happy to withdraw amendment No. 3 but I wish to clarify my position. As a matter of principle I am keen for the definition of financial services legislation in section 6 to make clear that the application of legislation for credit unions relates to where there is explicit provision in the original legislation for it to apply to credit unions. Then all the other references later in the Bill to financial services legislation will only relate to where it is applicable. On that basis I am happy to withdraw amendment No. 3.