Written answers
Tuesday, 2 November 2010
Department of Finance
Cash for Gold Schemes
9:00 pm
Catherine Byrne (Dublin South Central, Fine Gael)
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Question 205: To ask the Minister for Finance if the cash for gold industry is supervised and regulated by the Financial Regulator; and if he will make a statement on the matter. [40234/10]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The practice to which the Deputy refers is not supervised or regulated by the Central Bank. For information, the Deputy may wish to note that the Irish Financial Services Regulatory Authority ceased to exist with the commencement of the Central Bank Reform Act 2010 on 1 October 2010 and its regulatory functions were subsumed into the Central Bank of Ireland.
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