Michael Noonan (Limerick City, Fine Gael)
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I move amendment No. 1:

In page 7, lines 3 and 4, to delete “in the case of a bank, a bank authorised (or deemed to be authorised by the European Central Bank on application therefor)” and substitute the following:"in the case of a bank, a bank authorised, or deemed to be authorised, by the European Central Bank on application therefor".

I will speak to amendments Nos. 1 to 5, inclusive, together. These amendments to the definition section of the Financial Services (Deposit Guarantee) Scheme Act 2009 are of a technical and drafting nature and have been recommended by the Attorney General. These changes do not have any substantive impact on the meaning of section 7.