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Seanad: Financial Services and Pensions Ombudsman Bill 2017: Second Stage (18 Jul 2017)

Michael D'Arcy: I thank the Senators. I want to touch on the issue of when the commencement orders will be made in respect of the establishment. When we conclude within the House, I hope this week, the Bill will go to the Attorney General's office in respect of the commencement order. I do not think there is a requirement for an early signature or anything of that nature. It is going to go through the...

Seanad: Financial Services and Pensions Ombudsman Bill 2017: Second Stage (18 Jul 2017)

Michael D'Arcy: Senator Victor Boyhan did.

Seanad: Asian Infrastructure Investment Bank Bill 2017: Second Stage (18 Jul 2017)

Michael D'Arcy: This Bill, if approved by the Oireachtas, will allow for Ireland's membership of the Asian Infrastructure Investment Bank, AIIB. It will provide for the approval of the articles of agreement of the AIIB and for payments associated with our membership to be made to the bank. The AIIB is a new multilateral financial institution which will promote economic development and regional integration...

Seanad: Asian Infrastructure Investment Bank Bill 2017: Second Stage (18 Jul 2017)

Michael D'Arcy: I will start with the issue of the protection of human rights and the environment. A development should not be at the expense of vulnerable communities or the environment. We will work to ensure the bank has a positive impact in that regard. The bank's environmental and social framework released in early 2016 recognises and makes provision for issues such as climate change, gender,...

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: From the Seanad (14 Jul 2017)

Michael D'Arcy: I commend everyone attached to the Bill. I said when I took up office that I would do the best I could to facilitate the passage of legislation I thought to be good legislation. It was improved upon and we discussed matters on each occasion and did not go beating each other up. We improved on this Bill and the Government one time and time again. As Deputy McGrath said, the Fianna...

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: I will clarify that towards the end, if that is okay. I want to get a note on that.

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: I move amendment No. 4:In page 26, line 35, to delete “substantiated or partly substantiated” and substitute “upheld, substantially upheld or partially upheld”.

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: I move amendment No. 5:In page 27, line 8, to delete “finding” and substitute “decision”.

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: I move amendment No. 6:In page 27, lines 8 and 9, to delete “substantiated or partly substantiated” and substitute “upheld, substantially upheld or partially upheld”.

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: I move amendment No. 7:In page 27, line 10, to delete “finding” and substitute “decision”.

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: I move amendment No. 8:In page 30, between lines 19 and 20, to insert the following:“(6) The Minister may from time to time advance to the Ombudsman, out of moneys provided by the Oireachtas, such sums as the Minister may determine for the purposes of the performance of the functions relating to superannuation conferred on the Financial Services Ombudsman Council by the Act of...

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: I move amendment No. 9:In page 46, lines 10 and 11, to delete all words from and including “(1) The” in line 10 down to and including line 11 and substitute the following:“(1) The Ombudsman shall, as part of an investigation, try, as far as possible, to resolve a complaint by mediation.”. Deputy Doherty and I have submitted similar amendments on the topic of...

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: I move amendment No. 11:In page 47, to delete lines 37 and 38, and in page 48, to delete line 1 and substitute the following:“(a) is upheld, (b) is substantially upheld, (c) is partially upheld, or (d) is rejected.”.

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: I move amendment No. 13:In page 48, line 2, to delete “substantiated or partly substantiated” and substitute “upheld, substantially upheld or partially upheld”.

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: I move amendment No. 14:In page 48, line 23, to delete “wholly or partly substantiated” and substitute “upheld, substantially upheld or partially upheld”.

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: I move amendment No. 15:In page 53, line 33, to delete “wholly or partly substantiated” and substitute “upheld, substantially upheld or partially upheld”.

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: I move amendment No. 16:In page 55, to delete lines 21 to 36, and in page 56, to delete lines 1 to 6.

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: I thank everyone involved. There has been good progress. This Bill dovetails well with the Sinn Féin Bill. Each aspect and discussion has improved the legislation on each occasion. I thank all Deputies involved. I thank the staff in the Department of Finance. I thank everyone present for their co-operation in the matter.

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: I did not mean to cause confusion.

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: That is the expectation but it remains to be seen whether it will be realised. It will depend on what progress is made in the Seanad next week.

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