Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source

I move amendment No. 12:

In page 17, line 6, to delete "himself or herself" and substitute "itself".

Amendments Nos. 12 to 18, inclusive, are all drafting amendments. Amendment No. 19 inserts a new provision into the information Part entitled "Use of information". In the course of performing its functions under the Central Bank Acts, the Central Bank receives information through a variety of means, including statutory measures requiring the provision of information, information obtained by an authorised officer in the course of an inspection, and information obtained through the receipt of regulatory returns. The information Part of the Bill amalgamates the consolidated authorised officer powers with the information-gathering powers of the Central Bank across all its statutory measures requiring the provision of information. Amendment No. 19 simply provides that any information received or held by the Central Bank or an authorised officer may be used by the bank for any of its statutory functions. I was not present for the discussion on this on Committee Stage, as Deputy Doherty knows, but I am aware that the Minister for Finance indicated he would table this amendment as a means of making it clear to all concerned that information could be used across a number of sectors. Amendment No. 19 attempts to provide for this.

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