Oireachtas Joint and Select Committees

Wednesday, 24 April 2013

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage

8:10 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

I move amendment No. 94:


In page 35, before section 48, to insert the following new section:55.—Section 36A(1) of the Central Bank Act 1997 is amended—
(a) in paragraph (d) by inserting “or any other designated enactment or designated statutory instrument” after “this Part” in both places,
(b) in paragraph (l)(ii) by substituting “terrorism, or” for “terrorism.”, and
(c) by inserting the following after paragraph (l):
“(m) the holder of the authorisation is not, in the opinion of the Bank, a fit and proper person to hold the authorisation, or
(n) any officer or qualifying shareholder of the holder of the authorisation is not, in the opinion of the Bank, a fit and proper person to be such an officer or shareholder, or
(o) it is necessary in the interests of the proper and orderly regulation and supervision of the regulated business concerned.”.”.

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