Maurice Cummins (Fine Gael)

I move amendment No. 23:

In Part 5, page 124, line 7, in the third column, to delete "up;" and substitute the following:

"up.

(2A) Without prejudice to the power of a supervisory authority to revoke an authorisation under subsections (1) and (2) of this section, a supervisory authority may apply to the Court in a summary manner for an order revoking the authorisation of an authorised investment business firm in any or all of the following circumstances:

(a)".

This amendment provides that the supervisory authority may apply to the court in a summary manner for an order revoking the authorisation of an authorised investment business firm in any or all the circumstances which have been outlined in detail in amendments Nos. 23 and 24.