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
Donnchadh Ó Laoghaire (Cork South Central, Sinn Fein) | Oireachtas source
I am not disputing the spirit of the legislation but its effect. The Minister of State has confirmed to us that none of the cases, albeit that only a small number have been brought forward, had been investigated. Some of the cases are potentially very serious in terms of mis-selling. There must be an avenue, perhaps through the Financial Services Ombudsman or the Central Bank investigation, and if the legislation, as currently worded, is too restricted we need to consider that.
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