Brian Lenihan Jnr (Dublin West, Fianna Fail)

Subsection (3A), as amended on Committee Stage, states:

Despite subsection (3)(a), the Financial Services Ombudsman may accept a complaint against a regulated financial services provider who has begun legal proceedings in relation to a matter to which the complaint relates, but only if that Ombudsman reasonably suspects that the regulated financial services provider has begun those proceedings in order to prevent the making of the complaint, or to frustrate or delay its investigation.

That was inserted on Committee Stage and that is as far as the Minister feels he can go in the matter.

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