Oireachtas Joint and Select Committees
Wednesday, 27 May 2015
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015: Committee Stage
5:15 pm
Simon Harris (Wicklow, Fine Gael) | Oireachtas source
Within the three months, the existing firms are presumed to be authorised, but they have to have been authorised within the three months. If they have not gone through the authorisation process within the three months they will be operating illegally. They have a three-month period in which to go through the authorisation process. That is for existing firms. New firms will have to be authorised before they can begin their activities.
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