Seanad debates

Wednesday, 19 October 2011

Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Committee and Remaining Stages

 

12:00 pm

Photo of Rónán MullenRónán Mullen (Independent)

Yes. I move amendment No. 3:

In page 61, lines 31 to 35, to delete subsection (1) and substitute the following:

"(1) As soon as practicable after the Court makes a winding up order pursuant to Section 216(1) of the Act of 1963 in relation to an authorised credit institution, the Bank, Ombudsman and Minister shall each nominate one individual, who shall comprise a liquidation committee.".

I do not intend to make any further comments on this amendment.

Question, "That the words proposed to be deleted stand", put and declared carried.

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