Oireachtas Joint and Select Committees

Wednesday, 7 December 2022

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed)

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

I move amendment No. 68:

In page 72, between lines 15 and 16, to insert the following: “Disqualification under section 33AQ of Act of 1942 in case where contravention or participation occurred before commencement of section 46

93. (1) For the purposes of the imposition of a sanction in respect of the commission, before the commencement of section 46, of a prescribed contravention, paragraph (d) of subsection (3) of section 33AQ of the Act of 1942 continues to apply as if paragraph (b)(iv)of section 46had not been commenced.

(2) For the purposes of the imposition of a sanction in respect of participation, before the commencement of section 46, in the commission of a prescribed contravention, paragraph (c) of subsection (5) of section 33AQ of the Act of 1942 continues to apply as if paragraph (d)(ii)of section 46had not been commenced.

(3) In relation to—
(a) a direction imposed under paragraph (d) of section 33AQ(3) of the Act of 1942 as it applied before the commencement of paragraph (b)(iv)of section 46, or as it applies by virtue of subsection (1), or

(b) a direction imposed under paragraph (c) of section 33AQ(5) of the Act of 1942 as it applied before the commencement of paragraph (d)(ii)of section 46, or as it applies by virtue of subsection (2),
section 33AU of the Act of 1942 continues to apply as if section 51had not been commenced.”.

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