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Asian Infrastructure Investment Bank Bill 2017: Second Stage (Resumed) (31 May 2017)

Eoghan Murphy: I would just let Deputy McGrath know that there was much engagement between the Government and the AIIB prior to making the application for membership and the president of the AIIB was here in January at the European Financial Forum in Dublin Castle, which we hosted as part of our IFS 2020 strategy. I also went over to meet the president in Beijing earlier this year. I welcome Deputy...

Asian Infrastructure Investment Bank Bill 2017: Second Stage (Resumed) (31 May 2017)

Eoghan Murphy: I still do not get it.

Asian Infrastructure Investment Bank Bill 2017: Second Stage (Resumed) (31 May 2017)

Eoghan Murphy: I did not quite get the explanation I was given the last time.

Asian Infrastructure Investment Bank Bill 2017: Second Stage (Resumed) (31 May 2017)

Eoghan Murphy: Keep the clock going.

Financial Services and Pensions Ombudsman Bill 2017: Order for Second Stage (25 May 2017)

Eoghan Murphy: I move: "That Second Stage be taken now."

Financial Services and Pensions Ombudsman Bill 2017: Second Stage (25 May 2017)

Eoghan Murphy: I move: "That the Bill be now read a Second Time." I welcome the opportunity to debate the legislation concerning the Financial Services Ombudsman and the Pensions Ombudsman. As Deputies are aware, the Government published the Financial Services and Pensions Ombudsman Bill 2017 on 10 May and today's Second Stage debate on the general principles of the Bill is a positive step in the...

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (23 May 2017)

Eoghan Murphy: Now.

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (23 May 2017)

Eoghan Murphy: In light of the acceptance of amendment No. 10a, I am asking that the House agree to a cross-reference change within amendment No. 7, which we have also agreed. The change is in section 3(1) of the text inserted by amendment No. 7 and is to substitute "Subject to subsections (3B) to (3E)" for "Subject to subsections (3B) to (3D)".

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (23 May 2017)

Eoghan Murphy: That is correct.

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (23 May 2017)

Eoghan Murphy: I again acknowledge the work that has been put into this Bill by Deputies Doherty and McGrath and also the co-operative nature in which we approached this Bill both on Committee Stage and this evening.

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (23 May 2017)

Eoghan Murphy: I move amendment No. 4:In page 3, line 18, to delete “ “adding” and substitute “adding”.

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (23 May 2017)

Eoghan Murphy: I move amendment No. 5:In page 3, between lines 19 and 20, to insert the following: “Amendment of section 57BS of Principal Act 3. Section 57BS of the Principal Act (as inserted by section 16 of the Act of 2004) is amended by substituting “upheld or substantially upheld” for “substantiated or partly substantiated” in each place where it occurs in...

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (23 May 2017)

Eoghan Murphy: I move amendment No. 7:In page 3, to delete lines 20 to 31, and in page 4, line 1 and substitute the following: “Amendment of section 57BX of Principal Act 3. (1) Subsection (3) of section 57BX of the Principal Act (as inserted by section 16 of the Act of 2004) is amended by substituting “Subject to subsections (3B) to (3D), a consumer” for “A consumer”....

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (23 May 2017)

Eoghan Murphy: I move amendment No. 11:In page 4, to delete lines 2 to 12 and substitute the following: “Amendment of section 57CA of Principal Act 4. The Principal Act is amended by substituting the following for section 57CA (as inserted by section 16 of the Act of 2004): “57CA.(1)The Financial Services Ombudsman may, as part of an investigation, in circumstances where he or she deems it...

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (23 May 2017)

Eoghan Murphy: I move amendment No. 12:In page 4, lines 14 to 16, to delete all words from and including “Amendment” in line 14 down to and including line 16 and substitute the following:“(1) Section 57CI of the Principal Act (as inserted by section 16 of the Act of 2004) is amended by substituting the following for subsection (1):”.

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (23 May 2017)

Eoghan Murphy: I move amendment No. 16:In page 4, between lines 23 and 24, to insert the following: “Amendment of section 57CL of Principal Act 6. Section 57CL of the Principal Act (as inserted by section 16 of the Act of 2004) is amended by substituting the following for subsection (3):“(3) An appeal under this section must be made—(a) within 30 days of the date of the notification...

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (23 May 2017)

Eoghan Murphy: I move amendment No. 18:In page 4, between lines 23 and 24, to insert the following: “Amendment of section 57CP of Principal Act 7. Section 57CP of the Principal Act (as inserted by section 16 of the Act of 2004) is amended by substituting the following for subsection (2):“(2) The High Court may not grant an application under subsection (1) unless it is of the opinion that the...

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (23 May 2017)

Eoghan Murphy: I move amendment No. 3:In page 3, lines 16 and 17, to delete "Amendment of section 57BK of PART VIIB of the Principal Act (as inserted by section 16 of the Act of 2004.), in subsection (4)" and substitute "Subsection (4)". These are technical drafting amendments to section 2 of the Bill to remove some superfluous words at the start of the section, and also quotation marks, which on the advice...

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (23 May 2017)

Eoghan Murphy: To go back to an earlier query raised by Deputy Michael McGrath about his interpretation in relation to payment protection insurance and the example he gave, his interpretation was correct, bearing in mind the long stop back to 2002. In response to his point in relation to consistency between the enactment of Deputy Doherty's Bill and the Government’s Bill, I agree that we must...

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (23 May 2017)

Eoghan Murphy: I acknowledge the important work of Deputy Pearse Doherty on this Bill and the work that Deputies Doherty and Michael McGrath, and the Minister, Deputy Noonan, did on Committee Stage. It is very important work and it is important that we have reached Report Stage. It is also important for us to distinguish between long-term and short-term financial services. In looking at long-term...

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