Frances Black (Independent) | Oireachtas source

My amendments in this grouping seek to address the issue, discussed on Committee Stage, of the framing of the accountability framework. Amendment No. 3 seeks to amend section 53B(2) by inserting after the obligation to act in accordance with obligations under financial services legislation that there would also be an obligation to act in accordance with other relevant legislation. Amendments Nos. 4 to 6, inclusive, seek to make similar changes in section 53E and amendment No. 7 seeks a similar change in section 53F.

Our reason for proposing these amendments is that we have a concern that the accountability framework is looking simply to the financial services sector 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 have a wider focus, should be part of the framework for how individuals should act when it comes to engaging with the accountability framework.