Simon Harris (Wicklow, Fine Gael)
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I move amendment No. 67:

In page 76, between lines 32 and 33, to insert the following:“Fees
130.Fees shall be payable in accordance with section 32E of the in respect of the performance by the Bank of its functions under this Act.”.

This is a technical amendment to take account of the existing requirement in section 32E of the Central Bank Act 1942, that the bank can only prescribe fees for functions it carries out, for example, registering an authorising ICAV, where the relevant legislation specifies by reference to section 32A that it may do so. With the introduction of the new Parts to the Bill, by way of amendment here today, it is thought safest just to have a blanket referral to section 32E to cover all elements of the Bill. This will mean that the bank will be able to ensure that industry bears a fair share of the cost of regulation.