It is quite normal for the Opposition to deplore the regulations a Minister is entitled to make on foot of a Bill but these take the biscuit. Section 7 allows the Minister for Community, Rural and Gaeltacht Affairs to change any provision of the Bill he or she wants, provided he or she does so for the common good or the "orderly regulation of financial services". This is too broad a power to give to the Minister. There is little point in introducing a Bill of this kind if the Minister can change any provision in it by regulation – it should be much more restrictive. Regulations should be made by the IFSRA with the consent of the Minister for Finance.