Oireachtas Joint and Select Committees

Wednesday, 7 December 2022

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed)

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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That is a fair point. Section 53E defines the common conduct standards. Section 53(1)(a) refers to the person acting with "honesty and integrity" and "having regard to the legitimate interests of the regulated financial service provider, its staff, customers and other persons with whom it engages". The case could strongly be made that the person planning to commit a contravention is not acting with honesty and integrity. Section 53E(1)(b) makes reference to-----