Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

On section 6, this is linked with section 4. In regard to the duties of responsibility it says that responsibility for the aspects of its spirit has been allocated to the person performing that function under arrangements adopted by the regulated financial services provider in accordance with the regulations made under section 48(2)(bc) of the Central Bank (Supervision and Enforcement) Act 2013. Will the Minister outline what section 48(2)(bc) says? This legislation obviously is not a stand-alone piece of legislation. It amends other serious pieces of legislation and is hard to follow in that regard. Will the Minister inform the committee in regard to section 48(2)(ba) of the Central Bank (Supervision and Enforcement) Act? It is something I could not find online and I would appreciate if the Minister could inform us because that is the reference in regard to this section.