Oireachtas Joint and Select Committees
Wednesday, 21 November 2012
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Credit Union Bill 2012: Committee Stage
2:05 pm
Pearse Doherty (Donegal South West, Sinn Fein)
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Perhaps I am misunderstanding the position but I was under the impression that the Minister was going to look at this section, that is, the interpretation of the financial services legislation, to try to ensure that it has the intended consequences that he, his officials, the Opposition and the League of Credit Unions would share. Is there a set of words that can be included somewhere in the Bill that would ensure that there can be no broader interpretation so that the interpretation that is laid down of financial services legislation encapsulates all legislation post-1942? Can the Minister clarify that he and his Department are looking at a possibility - whether that arises or not - but that they are examining the potential of clarification to this Section so that it does not have unintended consequences?