Results 21,381-21,400 of 27,019 for speaker:Michael Noonan

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: These are technical amendments to streamline the wording and to make it absolutely clear that this provision applies to money recovered from DGS actions commenced before the coming into operation of this Part. It has no substantive effect on section 13.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: I move amendment No. 8:In page 11, line 20, to delete “1 November 2015” and substitute “the coming into operation of the Deposit Guarantee Regulations”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: I move amendment No. 9:In page 12, lines 16 and 17, to delete “regulations made under section 3 of the Act of 1972 to give effect to the Solvency II Directive” and substitute “Solvency II Regulations”. With the Acting Chairman's permission, I will speak to amendments 9 to 17, inclusive, and 20 together.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: Amendments to section 17, to which I shall come to in a while, necessitated the addition of some definitions to section 15 as well as the simplification of some of the definitions contained in the Bill, as published. Section 15 is the section that contains explanations for the particular terms used in this Bill. Amendments Nos. 16, 17 and 20 reflect the carrying forward of these definition...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: I move amendment No. 10:In page 12, lines 19 and 20, to delete “European Communities (Life Assurance) Framework Regulations 1994 (S.I. No. 360 of 1994)” and substitute “Life Regulations”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: I move amendment No. 11:In page 12, between lines 21 and 22, to insert the following:“ “Life Regulations” means the European Communities (Life Assurance) Framework Regulations 1994 (S.I. No. 360 of 1994);”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: I move amendment No. 12:In page 12, lines 23 and 24, to delete “European Communities (Non-Life Insurance) Framework Regulations 1994 (S.I. No. 359 of 1994)” and substitute “Non-Life Regulations”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: I move amendment No. 13:In page 12, between lines 25 and 26, to insert the following:“ “Non-Life Regulations” means the European Communities (Non-Life Insurance) Framework Regulations 1994 (S.I. No. 359 of 1994);”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: I move amendment No. 14:In page 12, lines 26 and 27, to delete “regulations made under section 3 of the Act of 1972 to give effect to the Solvency II Directive” and substitute “Solvency II Regulations”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: I move amendment No. 15:In page 13, between lines 9 and 10, to insert the following:“ “Solvency II Regulations” means the regulations made under section 3 of the Act of 1972 to give effect to the Solvency II Directive;”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: I move amendment No. 16:In page 13, line 18, to delete “European Communities (Non-Life Insurance) Framework Regulations 1994” and substitute “Non-Life Regulations”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: I move amendment No. 17:In page 13, line 19, to delete “European Communities (Life Assurance) Framework Regulations 1994” and substitute “Life Regulations”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: No difference, I am told. The entire reason for this Bill is the entry into force on 1 January 2016 of the Solvency II regime. This is a new EU-wide regulatory regime for the insurance sector. The directive repeals the EU directives underpinning the current insurance regulatory regime but the directive also excludes certain undertakings from the new regime. In order to ensure there are no...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: Yes.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: I move amendment No. 18:In page 13, between lines 30 and 31, to insert the following:“Portfolio transfers 17. (1) Notwithstanding the regulations made under section 3 of the Act of 1972 to give effect to Article 4 and Article 308b(1) to (4) of the Solvency II Directive, the regulations made under section 3 of the Act of 1972 to give effect to Article 39 of the Solvency II Directive...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: I move amendment No. 19:In page 15, between lines 24 and 25, to insert the following:“Deemed authorisation 19. (1) An insurance undertaking authorised under the European Communities (Non-Life Insurance) Regulations 1976 (S.I. No. 115 of 1976) that—(a) is a relevant undertaking on the commencement of this section, and (b) is not deemed authorised under the Solvency II...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Michael Noonan: I move amendment No. 20:In page 15, lines 28 and 29, to delete “European Communities (Non-Life Insurance) Framework Regulations 1994” and substitute “Non-Life Regulations”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Message to Dáil (3 Nov 2015)

Michael Noonan: I would like to thank the Acting Chairman. I also thank the colleagues who have participated in the debate and the vote.

Finance Bill 2015: Order for Second Stage (4 Nov 2015)

Michael Noonan: I move: "That Second Stage be taken now."

Finance Bill 2015: Second Stage (4 Nov 2015)

Michael Noonan: I move: "That the Bill be now read a Second Time." When I made my 2016 Budget Statement in the Dáil three weeks ago, I stated the top priority was to keep the recovery going, while providing relief and better services for the people. The Finance Bill 2015 provides the legislative basis for the taxation measures. As I outlined on budget day, the taxation measures are just one...