Marc Ó Cathasaigh (Waterford, Green Party) | Oireachtas source

I thank Dr. Begg. I understand even from his opening statement that what he feels he is able to comment on with respect to this Bill might be quite limited. We had a statement that kind of amounted to Fr. Jack's that would be an ecumenical matter, perhaps, if I understand it properly. I will stay relatively specific in terms of the heads of Bill that actually deal with the Pensions Authority functions. If I am right in my reading of the Bill, it is only head 56 that mentions this, which is part 14 on supervision, and it is relatively brief. A concern was raised in a previous session that perhaps there is not enough detail on the role of the Pensions Authority and how it would interact in particular with the CPA. Really what we have here is that the Pensions Authority shall be appointed as the competent authority responsible for the prudential supervision of the Central Processing Authority, pursuant to the provisions set out in Part II A of the Pensions Act 1990. I must admit I did not go as far as chasing down Part II of the Pensions Act 1990 to have a look at what is laid out there.

My central question is on whether we have enough detail at this very early stage of the Bill on how the Pensions Authority is going to interact with the CPA. Is Dr. Begg happy that this is set out enough from his point of view?