Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

I move amendment No. 19:

In page 6, between lines 39 and 40, to insert the following:“(3) A person who carries on the business of credit servicing exclusively for an already regulated financial service provider shall be required to be regulated under this Act.”.

I am hoping this will have the same answer as previous amendments. We want to provide that a person who carries out the business of credit servicing exclusively for an already regulated financial service provider shall be required to be regulated under the Act. I am presuming they will not be allowed do this unless they are already regulated, and that there is a simple, straight answer.