Seanad debates
Wednesday, 31 October 2007
Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages
2:00 pm
Liam Twomey (Fine Gael)
If the banks continue with the status quo, the legislation can be dismissed by them because they are still protected. Why are we bothering putting in place legislation that is supposed to give information to us as legislators and the public, but if the banks keep us in the dark, as we have been in recent days, it is fine? That is my basic reading of the section but perhaps my interpretation is wrong. If there is a compulsion to publish the notice, the exemption should not stand until it is published.
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