Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source

Amendment No. 142 is a technical amendment to improve the consistency of terminology in this Part of the Bill by removing the references to "restructuring purposes" and replacing it with "for the purposes of restructuring under this Part".

Amendment No. 143 removes the obligation on the Minister to obtain the bank's approval of an amalgamation or transfer of engagement under section 131(6)(a) of the 1997 Act before providing financial support for the purposes of restructuring. This amendment sets out that the provision of such support may be conditional on the bank giving its approval under that section rather than requiring the approval before the support is provided. This will permit the bank to consider the conditions proposed to be attached by the Minister to the provision of support, and the bank can decide accordingly whether to grant approval or not.

Amendment No. 145 is a technical amendment which updates the cross-referencing to other sections of the Bill dealing with the provisions of restructuring and restabilisation support. Amendment No. 146 clarifies that the support referred to in section 58(7) is stabilisation support. Amendment No. 147 clarifies that the conditions referred to in section 48(7) are those attached by the Minister under section 48(6) to the provision of stabilisation support.