Paschal Donohoe (Fine Gael)

I move amendment No. 7:

In page 18, between lines 2 and 3, to insert the following:

"(6) Regulations under this section shall be laid before each House of the Oireachtas and shall come into force after 21 sitting days, during which time a motion may be tabled in either House to amend or annul the regulations.".

The amendment addresses a difficulty regarding organisations such as this. It seeks to ensure the Houses of the Oireachtas would be aware of the work in which the organisation is engaged through the laying of regulations before them. The amendment would require the new Central Bank organisation to provide a report for the Houses of the Oireachtas on the regulations being put in place to enable them to discuss them, if they so wish.