Paul Gavan (Sinn Fein) | Oireachtas source

I move amendment No. 10:

In page 12, line 29, after "legislation" to insert "or other relevant legislation".

The amendments in this grouping seek to address the previously discussed issue of the framing of the accountability framework.

Amendment No. 14 seeks to amend within the proposed section 53E on common conduct standards that individuals are required to act in good faith and co-operate when it comes to requirements under financial services legislation and seeks to replace this language with relevant obligations or legislation. Amendments Nos. 15, 16 and 18 seek to make similar changes in other parts of the section.

Our reason for proposing these amendments is that we have a concern that the accountability framework is looking simply to the financial services sectors and obligations under financial services legislation whereas it should be the case that any relevant legislation or obligations, be they specific to financial services or having a wider focus, should be part of the framework for how individuals should act when it comes to engaging with the accountability framework.