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)
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I move amendment No. 12:

In page 27, line 9, to delete “period of 2 years” and substitute “period of 3 years”.

I have submitted this amendment in order to change the frequency of the publication of the strategic plan. Section 26 currently mandates the creation of a strategic plan every two years to be implemented by the ombudsman. However, the code of practice for the governance of State bodies requires that such bodies should adopt a statement of strategy for a period of three to five years ahead. Therefore the time period to be covered by the strategic plan should be extended from two years to three years to bring it into line with both best practice and Department of Public Expenditure and Reform governance requirements.