Oireachtas Joint and Select Committees
Thursday, 31 May 2018
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Markets in Financial Instruments Bill 2018: Committee Stage
10:00 am
Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source
I am not saying that. Our analysis now is that the powers are with the ombudsman and that he has the authority to deal with it. It is a matter for his or her discretion. Deputy Michael McGrath is saying that we might have to bolster the Bill somewhat. We will scope that further with the ombudsman in order to see exactly how and why and I ask that the committee do the same. If there is any confusion about the spirit of the legislation on any side of the House, the members of the committee can clarify to the ombudsman that the intention was that these would be investigated.
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