John Paul Phelan (Fine Gael)

I move amendment No. 8:

In page 45, to delete all words from and including "in the name of" in line 22, down to and including "Authority" in line 26 and substitute "after consultation with the other members of the Regulatory Authority".

This amendment seeks to change the subsection dealing with codes and requirements under statutory instrument which the consumer director may have to enforce. It seeks to remove the middle section which states, "only in the name of the Regulatory Authority", as that would clarify the paragraph, which is difficult to read.

In broader terms the amendment seeks to give more authority to the director. This Bill deals with finance and is in the remit of the Minister for Finance but again we come back to consumer protection. It is necessary to give the consumer director the authority to perform his or her functions without undue inhibition. That is the purpose of this amendment.