Seán Sherlock (Cork East, Labour)
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I move amendment No. 132:

In page 927, to delete lines 1 to 6 and substitute the following:

“(4) Sections 348 and 349 shall not apply to an existing guarantee company that, immediately before the commencement of this section, stood exempted from the requirements of section 128 of the Act of 1963 by virtue of subsection (4)(c) or (5) of that section, but this is subject to subsections (5) and (6).”.