Paschal Donohoe (Fine Gael)

I move amendment No. 9:

In page 38, between lines 8 and 9, to insert the following:

"(2) The code shall not come into force until it has been submitted to the Minister for Finance who shall submit it for consideration and approval by the Houses of the Oireachtas or a Committee of the Houses of the Oireachtas designated to deal with such matters.".

Given the discussion we had on the importance of section 50 in laying out the standards for probity and fitness upon which so much of the Bill will rest, the suggestion is simple, namely, that when the reformed Central Bank has put the code in place it allows the Houses of the Oireachtas to discuss the code. Given how evident was lack of fitness of some people to perform the jobs with which they were entrusted, it is appropriate that public representatives have an opportunity to see this code, table any amendments to it and have their views heard.