Seanad debates

Wednesday, 28 May 2014

Central Bank Bill 2014: Committee and Remaining Stages

 

12:30 pm

Photo of Trevor Ó ClochartaighTrevor Ó Clochartaigh (Sinn Fein) | Oireachtas source

I move amendment No. 1:


In page 3, after line 31, to insert the following:
"(2) All assets transferred under this section shall continue to be burdened with the legal protections attached to them through the Code of Conduct on Mortgage Arrears and the Central Bank and Financial Services Authority of Ireland Act 2004 and shall not be transferred to any entity where these legal protections are not present.".
I am moving the amendment on behalf of Senator Kathryn Reilly, who cannot be here.

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