Dáil debates

Tuesday, 23 May 2017

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages

 

9:10 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I welcome the Government's decision to withdraw its amendment. This is a step forward. My original Bill, which was published in 2014, suggested a 60-day window and the current rule is 21 days but that timeframe for a consumer to challenge the outcome of a ruling by the Financial Services Ombudsman in the High Court is very limited when one needs junior and senior counsel. The extension to 35 days will be more beneficial to consumers, while acknowledging that the courts can set their own rules. Hopefully, the extension to 35 days will allow more consumers to consider appealing their cases if they believe there is merit in doing so.

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