Brian Hayes (Dublin South West, Fine Gael)
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I move amendment No. 10:

In page 8, subsection (2), lines 10 and 11, to delete “in relation to a credit information subject”.

Amendments Nos. 10 to 12, 14, 53 and 57 do not give the bank any new powers to process data, but are designed to provide more flexibility in how the bank must process information on the register and safeguard against limiting the technical or IT solutions the bank can bring to bear in delivering the operation of the register. There is currently no explicit provision in the Bill permitting the bank to connect records of credit information subjects who have a shared liability or who are connected through their provision or receipt of a guarantee. It was concluded that the connected borrower scope should focus on shared liabilities and links through guarantees provided or received, which are clearly defined and subject to legal certainty. Amendment No. 13 allows for this.