Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I move amendment No. 67:

In page 72, to delete lines 10 to 15 and substitute the following: “(3) Section 33AW of the Act of 1942 as substituted by section 53applies in relation to an inquiry decision made before the commencement of section 53if the decision has not, before that commencement, been notified by the Bank to the regulated financial service provider or person concerned.

(4) In subsection (1)(a)(iii) of section 33AW of the Act of 1942 as substituted by section 53, the reference to a decision imposing a sanction under subsection (2)(b) or (4)(b) of section 33AR includes a reference to a decision imposing a sanction under subsection (1)(b) or (2)(b) of the said section 33AR as it had effect before the commencement of section 47.

(5) In relation to an inquiry decision which has, before the commencement of section 53, been notified by the Bank to the regulated financial service provider or person concerned, the Act of 1942 continues to apply as if sections 53and 55and Chapter 3of Part 4had not been commenced.”.