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

I move amendment No. 21:

In page 14, before section 20, to insert the following new section:

“CHAPTER 2
Bank’s power to gather information, etc.

22.—(1) Where it is necessary to do so for the purpose of the performance of the Bank’s functions under financial services legislation relating to the proper and effective regulation of financial service providers, the Bank may, by notice in writing given to a person to whom this Part applies, require the person—

(a) to provide to the Bank the information specified in the notice,
(b) to provide to the Bank the records so specified, or
(c) to prepare and provide to the Bank the forecasts, plans, accounts or other documents so specified.

(2) A person on whom a requirement is imposed under subsection (1) shall comply with the requirement—

(a) at such time or times, or within such period, as may be specified in the notice or in a further notice given by the Bank, and
(b) at such place as may be so specified.

(3) The Bank may require that information, records or other documents provided in compliance with a requirement under subsection (1) be certified or attested as to their authenticity or correctness in such manner as the Bank may reasonably require, including by statutory declaration.
(4) The Bank may take copies of, or extracts from, any records or other documents provided in compliance with a requirement under subsection (1).
(5) This section does not limit any other power of the Bank to require the provision of information or records or the preparation and provision of documents.”.