Oireachtas Joint and Select Committees

Thursday, 29 June 2017

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Financial Services and Pensions Ombudsman Bill 2017: Committee Stage

10:00 am

Photo of Michael D'ArcyMichael D'Arcy (Wexford, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I would assume and anticipate that within the budget for the SFO, there would be delegated sanction limits similar to those in the Health Service Executive, HSE. If it stays within those limits, the ombudsman would not require ministerial consent. If it goes beyond that, the section would then apply. The expenses incurred by the ombudsman are to be apportioned between the financial services industry levy and moneys provided by the Oireachtas based on the division of workload from the previous year.