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

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

I move amendment No. 124:

In page 43, between lines 4 and 5, to insert the following:

1Section 3Substitute the following for the definition of “authorised officer”:

“ ‘authorised officer’ means an authorised officer appointed under Part 3* of the Central Bank (Supervision and Enforcement) Act 2013;”.
2Section 23(a) Substitute the following for subsection (1):

“(1) A regulated financial service provider shall not appoint a person to perform a pre-approval controlled function unless the Bank has approved in writing the appointment of the person to perform the function.”.

(b) In subsection (6)(b) substitute “(a) to (h)” for “(a) to (g)”.

                                                                                                                                                ”.

These amendments correct references and provide for delegation of functions within the Central Bank concerning fitness and probity. Amendment No. 125 rewords the provision on international co-operation with regulators, which was introduced into the Central Bank Acts at the end of last year.

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