Michael Noonan (Limerick City, Fine Gael)
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I move amendment No. 103:

In page 38, before section 53, to insert the following new section:59.—Section 27 of the Central Bank Act 1997 is amended by inserting the
following after subsection (5):
“(6) (a) Subsection (1) does not apply if the regulated financial service provider concerned has a reasonable excuse.
(b) It is a reasonable excuse for the purposes of paragraph (a) for a regulated financial service provider to fail to comply with a requirement under section 25 or 26 that such compliance might tend to incriminate the regulated financial service provider.
(c) Paragraph (b) does not limit what is a reasonable excuse for the purposes of paragraph (a).”.”.

This amendment relates to various auditor reporting provisions in the Central Bank Act 1997 and the associated offences.