Damien English (Meath West, Fine Gael) | Oireachtas source

On the question of relevance, it will come into play in March, perhaps. Until now, the system was operated under the UK's central bank. Owing to the changes because of Brexit, we are moving to a Belgian bank. This was dealt with in legislation by the Department of Finance last year. The UK system was paper based. The changes to companies law are to facilitate electronic transfers in respect of certificates and securities. They are to copper-fasten the electronic system.

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