Paschal Donohoe (Dublin Central, Fine Gael)
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I move amendment No. 34:

In page 55, to delete line 24 and substitute “ex parte.”.

Amendments Nos 34 and 35 provide for a mechanism for the enforcement of sanctions imposed by consent under section 33AR of the Central Bank Act 1942. Amendment No. 34 is a technical amendment to facilitate the insertion of the new subsection and amendment No. 35 provides clarity as to when a sanction imposed by the Central Bank with the consent of a person who has admitted to the commission of, or participation in, a prescribed contravention takes effect once confirmed and deals with the enforceability of the decision as an order of the High Court. I recommended that these amendments be approved by the committee.