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Version date: 28 July 2022 - onwards
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3. Amendment of section 48 of Act of 2013

This format of the bill is taken from the text of stage 5 published on 1 March 2023 by Seanad Éireann

Section 48 of the Act of 2013 is amended -

(a) in subsection (2), by the insertion of the following paragraphs after paragraph (b):

"(ba) provision specifying the aspects of a regulated financial service provider's affairs for which a PCF holder has inherent responsibility for the purposes of section 53B of the Central Bank Reform Act 2010;

(bb) provision specifying the aspects of a regulated financial service provider's affairs for which responsibility is to be allocated by the regulated financial service provider to a PCF holder for the purposes of section 53B of the Central Bank Reform Act 2010;

(bc) provision as to the arrangements described in subsection (2A) that a regulated financial service provider is to adopt;",

(b) by the insertion of the following subsection after subsection (2):

"(2A) The arrangements referred to in subsection (2)(bc) are:

(a) arrangements for the regulated financial service provider to allocate to PCF holders for the purposes of section 53B of the Central

Comparing proposed amendment...