Paschal Donohoe (Fine Gael)

I move amendment No. 15:

In page 53, column 3, between lines 42 and 43, to insert the following:

"(4) No person shall be appointed for more than two terms.".

It is important in an organisation such as this, when the financial world is so fast moving and the organisation which it seeks to regulate is so sophisticated, that there should be some mandatory turnover of people who are at the head of the organisation, that is, a term limit. That is what this amendment hopes to deliver, to ensure there is always a degree of freshness within the commission.