Michael Noonan (Limerick City, Fine Gael)

The code of practice, I understand, would have the force of law. We are enacting the section here, so the section has the force of law. It is the section which empowers the bank to issue the code of practice, so the code of practice has the force of law as well. There is legislation which defines that; I am informed it is the 1971 Act that gives the force of law to codes of practice that run from sections of the Bill.