Steven Matthews (Wicklow, Green Party) | Oireachtas source

I move amendment No. 216:

In page 124, between lines 29 and 30, to insert the following: “Termination in the event of receivership or examinership

140.A relevant authorisation shall contain a power to the MARA to terminate such relevant authorisation where a receiver or examiner is appointed to the holder subject to such terms and conditions as may be prescribed in regulations.”.

This amendment is similar to others I have spoken on before. It seeks to implement conditions to allow lenders to step in to preserve a MAC if they agree to meet the obligations of the MAC holder with regard to transfer of ownership. Is that possible?