Paul Coghlan (Fine Gael)

I move amendment No. 7:

In page 36, to delete lines 7 to 51 and in page 37 to delete lines 1 and 2.

This is an amendment to section 35, which deals with the statutory backing for the disciplinary arrangements of the prescribed accountancy bodies. I do not intend to repeat the arguments I put in detail yesterday. As the Minister is aware, the accountancy bodies feel strongly about this. They believe it undermines the new principle of supervised self-regulation and will damage existing disciplinary procedures. It will be welcome if the Minister can accept this amendment. If not, I hope he has it under review and intends to take some action.