Oireachtas Joint and Select Committees
Tuesday, 19 November 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages and Differential Pricing in Insurance: Discussion
Pearse Doherty (Donegal, Sinn Fein)
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When we dealt with the legislation, I was a little surprised on this because there was a provision which Mr. Deering dealt with on the powers of the Financial Services Ombudsman to extend the duration. He states - I wish to tease it out - that not only must reasonable grounds exist but there must be a particular reason to extend the time. There is no requirement for the "particular reason" in the legislation so why does he infer that there has to be a particular reason as opposed to just reasonable grounds?