John Paul Phelan (Fine Gael)

I move amendment No. 10:

In page 18, subsection (3)(a), line 22, after "undertaking" to insert "in accord with regulations set by the Minister".

I will be brief because I know you are anxious about the time, a Chathaoirligh. The wording in this subsection is too loose and the object of the amendment is to tighten it up. The subsection states "subject to any charges or deductions that may be made by the insurance undertaking", and the amendment would add the words, "in accord with the regulations set by the Minister". It is just to tighten up the controls on possible corner-cutting by financial institutions which may be concerned with this.