Oireachtas Joint and Select Committees

Wednesday, 3 December 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion

3:30 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Ms Murphy has proposed that where a loan book is sold to a regulated entity, the owner of the book shall be exempt. It appears that the Department plans to introduce such a provision, which will apply not only to entities which are currently regulated but also future entities because they will all be regulated as service providers under this legislation.

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