Oireachtas Joint and Select Committees

Wednesday, 9 July 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Collapse of Setanta Insurance: Central Bank and Department of Finance

2:25 pm

Mr. Bernard Sheridan:

Essentially, yes. The minimum regulatory regime is applied at EU level and that is what these companies must comply with. Once they do and get authorised in any country in the EU or the EEA, they automatically are entitled, provided they comply with notification requirements.