Results 6,241-6,260 of 6,295 for speaker:Michael D'Arcy

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Limited Partnerships (Amendment) Bill 2019: Committee Stage (12 Dec 2019)

Michael D'Arcy: These arrangements cannot be created without the approval of the Central Bank. As such they are regulated by the Central Bank. They must have an address within the State.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Limited Partnerships (Amendment) Bill 2019: Committee Stage (12 Dec 2019)

Michael D'Arcy: Yes, for the general partner.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Limited Partnerships (Amendment) Bill 2019: Committee Stage (12 Dec 2019)

Michael D'Arcy: The reporting requirements are to the Central Bank as the regulator.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Limited Partnerships (Amendment) Bill 2019: Committee Stage (12 Dec 2019)

Michael D'Arcy: I will read out the section in relation to the annual report and the duty of the auditor. The investment shall cause to be published and filed with the Central Bank of Ireland an annual report the contents of which shall be prescribed by the bank. While it is not a company, it must provide audited reports to the regulator annually, which is in the Act.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Limited Partnerships (Amendment) Bill 2019: Committee Stage (12 Dec 2019)

Michael D'Arcy: They are not published.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Limited Partnerships (Amendment) Bill 2019: Committee Stage (12 Dec 2019)

Michael D'Arcy: They are not companies.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Limited Partnerships (Amendment) Bill 2019: Committee Stage (12 Dec 2019)

Michael D'Arcy: The general partner is obliged to file. The people who invest in the fund invest. It is the general partner who must file. That is filed with the Companies Registration Office, CRO, from the general partner.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Limited Partnerships (Amendment) Bill 2019: Committee Stage (12 Dec 2019)

Michael D'Arcy: I will have a specific note on the filing, the general partner and the other partners for Report Stage.

Appropriation Bill 2019: All Stages (17 Dec 2019)

Michael D'Arcy: I move: "That the Bill be now read a Second Time." The Appropriation Bill 2019 is an essential element of financial housekeeping that must be concluded by the Dáil this year. There are two primary purposes of the Appropriation Bill. First, it provides authorisation in law for all of the expenditure that has been undertaken in 2019 on the basis of the Estimates, which were voted on...

Appropriation Bill 2019: All Stages (17 Dec 2019)

Michael D'Arcy: 7 o’clock I point out to Deputy Cowen that the moneys for various areas announced since the budget will be dealt with in the Revised Estimates next year. That is the way it happens every year. I am unsure whether the Deputy has met the Minister for Finance, Deputy Donohoe, since the budget arithmetic was concluded. Those are the numbers. The Supplementary Estimate for the...

Migration of Participating Securities Bill 2019: Order for Report Stage (17 Dec 2019)

Michael D'Arcy: I move: "That Report Stage be taken now."

Investment Limited Partnerships (Amendment) Bill 2019: Order for Report Stage (17 Dec 2019)

Michael D'Arcy: I move: "That Report Stage be taken now."

National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019: Motion (17 Dec 2019)

Michael D'Arcy: I move: That Dáil Éireann authorises the Minister for Finance, pursuant to section 6(1) of the National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019, not to pay the prescribed amount (€500,000,000) under section 5(2) of the Act into the National Surplus (Exceptional Contingencies) Reserve Fund for the year 2019 having regard to the fact that in accordance...

National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019: Motion (17 Dec 2019)

Michael D'Arcy: The opposite is the case.

Consumer Insurance Contracts Bill 2017: From the Seanad (18 Dec 2019)

Michael D'Arcy: Following the debate in Seanad Éireann, we initially agreed to providing for a three-year period and subsequently agreed to increasing it to five years. We are satisfied with that position.

Consumer Insurance Contracts Bill 2017: From the Seanad (18 Dec 2019)

Michael D'Arcy: I thank all the Deputies who have contributed to this legislation, particularly Deputy Pearse Doherty. He chased me and I chased everyone else. I think we got a good Bill at the end of that process. I thank the LRC. Deputy Doherty and his staff have worked hard on this matter. I thank the officials in the insurance section of the Department. I thank our in-house staff in the Office of...

Seanad: Appropriation Bill 2019: Second and Subsequent Stages (18 Dec 2019)

Michael D'Arcy: The Appropriation Bill 2019 is an essential element of financial housekeeping that must be concluded by both Houses of the Oireachtas before the end of the year. The Bill serves two primary purposes, the first of which is to authorise in law all of the expenditure that has been undertaken in 2019 on the basis of the Estimates that have been voted on by the Dáil during the year. Section...

Seanad: Migration of Participating Securities Bill 2019: Second Stage (18 Dec 2019)

Michael D'Arcy: The proposed Migration of Participating Securities Bill comprises 16 sections and provides a legislative mechanism to facilitate the migration of Irish issuers from their current central securities depository, CSD, Euroclear UK & Ireland, to an alternative CSD provider. I would first like to provide some background information on the CSD migration project and the reasons for bringing...

Seanad: Migration of Participating Securities Bill 2019: Second Stage (18 Dec 2019)

Michael D'Arcy: I will try to clear up those issues. The UK becoming a third country as a result of Brexit and the potential knock-on effects for settlement is a market issue that will require a market-led solution. Ultimately, CSDs are private market operators. Euronext Dublin, formerly the Irish Stock Exchange, announced in October 2018 that it would transfer the settlement of trades in Irish equities...

Seanad: Migration of Participating Securities Bill 2019: Committee and Remaining Stages (18 Dec 2019)

Michael D'Arcy: That is correct.