Oireachtas Joint and Select Committees
Wednesday, 24 April 2013
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage
8:40 pm
Michael Noonan (Limerick City, Fine Gael)
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I move amendment No. 129:
In page 45, to delete lines 29 to 48 and in page 46 to delete lines 1 to 50 and substitute the following:
“Section 5(2).
Item (1) | Provision affected (2) | Amendment (3) |
|---|---|---|
| 1 | Section 91 | Substitute the following for subsection (1): “(1) If required to do so by notice in writing served by the Bank at any time—(a) a credit union, shall furnish to the Bank such books or documents which relate to the credit union and are in the possession or power of the credit union or such person and such information relating to the business of the credit union as may be specified in the notice and as may be reasonably required by the Bank in the exercise of its powers under this Act.”. |
| 2 | Section 93(1) | Substitute the following for paragraph (b):“(b) ‘agent’ has the same meaning as in section 20* of the Central Bank (Supervision and Enforcement) Act 2013.”. |
| 3 | Section 95 | In subsection (1) substitute “, after the exercise by an authorised officer of any of his or her powers under Part 3** of the Central Bank (Supervision and Enforcement) Act 2013,” for “, after an inspection under section 90,”. |
| 4 | Section 95A (inserted by the Credit Union and Co-operation with Overseas Regulators Act 2012) | In subsection (1) substitute “after the exercise by an authorised officer of any of his or her powers under Part 3** of the Central Bank (Supervision and Enforcement) Act 2013” for “after an inspection under section 90”. |
| 5 | Section 96(1) | Substitute “after the exercise by an authorised officer of any of his or her powers under Part 3** of the Central Bank (Supervision and Enforcement) Act 2013” for “after an inspection under section 90”. |
| 6 | Section 186(3) | Insert “or Part 3** of the Central Bank (Supervision and Enforcement) Act 2013” after “this Act”. |
This updates references in the Credit Union Act 1997.