Gerald Nash (Louth, Labour) | Oireachtas source

I move amendment No. 13:

In page 9, to delete lines 10 to 12 and substitute “person who has, subject to subsection (6), a controlling interest in the finance provider,”.

Section 5 of the principal Act is primarily about the schemes made under the legislation to date, in 2012 and 2015. The amendments to section 5 of the Bill are primarily about making sure that any or all new schemes can adequately cover the expanded types of financial products to be covered. There are also some amendments covering matters I flagged on Second Stage, including some clarifications on the way in which the Minister is to obtain information, records and so on relating to the diverse types of finance providers and the need to ensure that all finance providers are compliant with all appropriate regulatory requirements. I commend this group of amendments to the committee.