Kieran O'Donnell (Limerick East, Fine Gael)

This section deals with regulation for specific financial instruments. I suspect one area of it relates to contracts for difference. I refer to section 12(4): "Every regulation under subsection (2) shall be laid before each House of the Oireachtas". Is the Minister willing to change "laid before" to "approved by"? This entire area, concerning the regulation of financial instruments, has caused a considerable degree of concern for the general public. When one considers the role that contracts for difference have played in contributing difficulties in our banking sector——

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