Feargal Quinn (Independent) | Oireachtas source

I propose an amendment to the Order of Business that No. 13 be taken before No. 1 today. I urge the Leader to accept this proposal.

During the week the Central Bank warned customers that there was no regulation in Ireland or elsewhere in Europe of crowd funding. Crowd funding is a wonderful idea and those involved are happy to see regulations, but there is no urgency because the small number of companies involved have taken steps to protect consumers, investors and lenders. However, the fact that there is no regulation in Europe probably means we should be setting some standard because at some point in the future somebody may misbehave and citizens will lose out if that happens. I suggest, therefore, that we bring the issue to the attention of the responsible Minister who I imagine is the Minister for Finance.