Fergus O'Dowd (Louth, Fine Gael) | Oireachtas source

I move amendment No. 40:

In page 41, to delete line 23 and substitute the following:"(e) enter into transactions of a normal banking nature, and".

This standard provision ensures the agency will have all the powers it needs for the management of the fund. The words "borrow or lend securities of any kind" will be deleted and the more general phrase "enter into transactions of a normal banking nature" is proposed. This includes the concept of borrowing and lending securities.