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Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Paul Gavan: I move amendment No. 3: In page 10, line 14, after “customers” to insert “, society”. I welcome the Minister of State. I am moving this amendment on behalf of my colleagues from the Civil Engagement Group. I note that some other amendments relating to this section were unfortunately ruled out of order. Senator Higgins would say that the ruling in this regard...

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Paul Gavan: I move amendment No. 7: In page 11, between lines 17 and 18, to insert the following: "(6A) In making regulations under this section, the Bank shall demonstrate due regard to section 42 of the Irish Human Rights and Equality Commission Act 2014.". I will withdraw the amendment with the right to resubmit on Report Stage.

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Paul Gavan: I move amendment No. 8: In page 11, line 24, after "Minister" to insert "and the Joint Oireachtas Committee on Finance, Public Expenditure and Reform and Taoiseach". Like the previous one, I will withdraw the amendment with the right to resubmit on Report Stage.

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Paul Gavan: I move amendment No. 9: In page 11, between lines 28 and 29, to insert the following: "(10) The Minister shall, within the 2 years following the commencement of this section, lay a report before both Houses of the Oireachtas outlining how regulations made under this section comply with due diligence obligations under European Union law, including in respect of the proposed...

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Paul Gavan: I move amendment No. 10: In page 12, line 29, after "legislation" to insert "or other relevant legislation". The amendments in this grouping seek to address the previously discussed issue of the framing of the accountability framework. Amendment No. 14 seeks to amend within the proposed section 53E on common conduct standards that individuals are required to act in good faith and...

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Paul Gavan: I will withdraw amendment No. 10 with the right to resubmit on Report Stage.

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Paul Gavan: I move amendment No. 11: In page 13, line 31, after "the" where it firstly occurs to insert "rights and". Amendment No. 11 seeks to ensure that the common conduct standards in this Bill take account of the rights as well as the legitimate interests of the regulated financial service provider, its staff, customers and other persons with which it engages. I refer again to a report on...

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Paul Gavan: I move amendment No. 12: In page 13, line 33, after “engages” to insert “or who are impacted by its activities”.

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Paul Gavan: I move amendment No. 14: In page 14, lines 39 and 40, to delete “financial services” and substitute “relevant obligations or”.

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Paul Gavan: I move amendment No. 15: In page 14, line 42, to delete “financial services” and substitute “relevant obligations or”.

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Paul Gavan: I move amendment No. 16: In page 15, line 2, to delete “financial services” and substitute “relevant obligations or”.

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Paul Gavan: I move amendment No. 18: In page 16, line 26, to delete “obligations under financial services” and substitute “relevant obligations or”.

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Paul Gavan: I move amendment No. 21: In page 22, between lines 20 and 21, to insert the following: “(2C) The Minister shall, within the 2 years following the commencement of this section, lay a report before both Houses of the Oireachtas detailing— (a) the level of effective implementation of the designation of persons who perform a controlled function, (b) the effectiveness of the...

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Paul Gavan: I move amendment No. 22: In page 52, between lines 16 and 17, to insert the following: "(ia) whether it has had a widespread impact on society and the welfare of the State generally,". Amendment No. 22 seeks to stipulate that when imposing a sanction on an individual, there should be a consideration of whether the prescribed contravention has had a widespread impact on society and the...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: General Scheme of the Cooperative Societies Bill 2022: Discussion (15 Feb 2023)

Paul Gavan: I thank all of the speakers for their presentations. They are all very welcome. I want to revisit the issue of worker co-operatives because the lack of progress on worker co-operatives in this State is in stark contrast to that in other states, such as France, Spain and Italy, where they do have specific legal definitions of worker co-operatives. I know our colleagues in UCC are familiar...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: General Scheme of the Cooperative Societies Bill 2022: Discussion (15 Feb 2023)

Paul Gavan: Sure.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: General Scheme of the Cooperative Societies Bill 2022: Discussion (15 Feb 2023)

Paul Gavan: I hear Dr. Carroll and I want to develop the question a little further. To be honest, for me it is not a coincidence that those countries with a legal definition of a worker co-operative have thrived in terms of developing them whereas, frankly, we have not. Let me ask this. Have Dr. Carroll and Dr. McCarthy encountered in their research any evidence of key institutions not understanding...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: General Scheme of the Cooperative Societies Bill 2022: Discussion (15 Feb 2023)

Paul Gavan: What sort of difficulties did that lack of awareness of the legal entities pose?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: General Scheme of the Cooperative Societies Bill 2022: Discussion (15 Feb 2023)

Paul Gavan: The point I would make is surely a legal definition would help to solve that particular issue. I will extend that question. How familiar are any of the folks here in regard to the really successful developments in Scotland over the past number of years? How important have both the existence of their own development units and their own legal definition of an employee-owned enterprise been?...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: General Scheme of the Cooperative Societies Bill 2022: Discussion (15 Feb 2023)

Paul Gavan: As I am running short on time I will fire in one last question across all parties. Two witnesses have raised the issue of asset lock, which currently is not proposed in legislation. Sinn Féin supports the legislation but wants to see where it can be strengthened further. One aspect we believe is a legal definition of a worker co-operative but a second is that which the two parties...

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