Oireachtas Joint and Select Committees

Wednesday, 23 October 2013

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Credit Reporting Bill 2012: Committee Stage

2:10 pm

Photo of Brian HayesBrian Hayes (Dublin South West, Fine Gael) | Oireachtas source

My understanding is that this provides the legal basis for the score, but that we still have a lot to work out by way of regulation with regard to what information will be included and who will have access to it. Effectively, the bank will have access to it because it will be held there. However, the fuller implementation of this will be by way of regulation, which will follow the enactment of the Bill. The provision in the interpretation section concerns the legal argument. We do not have any previous legal basis for this and this Bill provides for it. However, it will require work on the regulation side to develop it.

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