Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

I accept the Deputy's point. These draft regulations allow the Central Bank to use that exemption. Most importantly, they also contain safeguards to ensure the banks apply the restrictions only where necessary and proportionate to the need to safeguard specified important objectives of the general public interest pursued by the Central Bank. This has been accepted by all sides of the House. They also provide that the individual has a right of complaint to the Data Protection Commission. Section 6(5)(a) of the Act provides that regulations may be made only if a draft of the proposed regulations is laid before each House of the Oireachtas and a resolution approving the draft has been passed by each House of the Oireachtas.

I ask the Dáil to approve this today, and I thank the Deputies for their time.

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