Richard Bruton (Dublin North Central, Fine Gael)

Can the Minister spell out the requirements being imposed in the Bill on non-deposit taking institutions? How do they compare with the list of requirements imposed on normal financial institutions which take deposits? Which requirements on that list are being applied and what are not being applied to non-deposit taking institutions? It is important that we have clarity as to the level of prudential supervision, authorisation and so on. The amendment lists seven requirements, listed (a) to (g) in section 31A, to be inserted after section 31 of the Central Bank Act 1997. What other powers that would normally be applied to a financial institution taking deposits are not being applied to these?

See this speech in context