Seán Kyne (Fine Gael) | Oireachtas source

I welcome the Minister of State to the Chamber to discuss this issue. As he has said, this is a technical tidy up due to an error and it is right and proper that we provide every safeguard and where mistakes are made that they are rectified and come to the Houses. I acknowledge that in his speech the Minister of State said the Data Protection Commission has identified no matter of significant concern in the proposed regulations and that the Minister for Justice has acknowledged her agreement with the proposed regulations. It is an issue that could have a very real effect as the regulations are vital to the Central Bank to investigate whether individuals and regulated financial service providers have committed wrongdoing to customers and to record where it has found breaches by individuals so they can be prevented from taking on similar roles in the future. These are very important areas that must be protected. Has the motion come before the finance committee? Has it had sight of it? Is there a need for this under the regulations? I thank the Minister of State for his attendance.