I move amendment No. 117: In page...: 24 Apr 2013: Oireachtas Joint and Select Committees (KildareStreet.com)

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

8:40 pm

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

I move amendment No. 117:

In page 41, between lines 18 and 19, to insert the following:

“

2	Section 18D(2)	In paragraph (a) after “Bank” insert “or with one or more persons with relevant knowledge of any of the matters specified in section 24(1) (or with both)”.
3	Section 24(2)	(a) In paragraph (c) substitute “Parliament,” for “Parliament, or”. (b) In paragraph (d) substitute “member, or” for “member.” and insert the following after that paragraph: “(e) performs a pre-approval controlled function (within the meaning given by section 22 of the Central Bank Reform Act 2010) or has what in the opinion of the Minister constitutes a significant shareholding in a regulated financial service provider, (f) has been adjudged bankrupt (either in the State or elsewhere) or has entered into a composition with his or her creditors, or (g) has been convicted of an offence (either in the State or elsewhere) and sentenced to serve a term of imprisonment for the offence.”.
4	Section 32B(2)	In paragraph (a) substitute “2016” for “2011”.
5	Part IIIA	Before section 32L substitute the following for the Chapter heading: “Chapter 3A Accountability”.

”.

These amendments relate to changes to the qualifying criteria for the Central Bank Commission and technical matters.

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