Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

I note that the Senators have submitted an identical amendment to section 8 of the Bill and I thank them for their co-operation on this matter. Section 8 amends section 57CL of the Central Bank Act 1942 and provides that a complainant may appeal a finding of the Financial Services Ombudsman to the High Court within 35 days of notification of the Ombudsman's decision, or within such other period as the High Court may allow. This amendment corrects a drafting error made in an earlier amendment.

The term used in section 8 to describe the determination of a complaint by the Ombudsman is a "decision". This term is inconsistent, however, with the rest of the Central Bank Act 1942, where the term for such a determination is a "finding". In order for the Bill amending the Central Bank Act to read consistently with the rest of that Act, it is necessary that the reference to "decision" in section 8 be changed to "finding".