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Written Answers — Department of Enterprise, Trade and Employment: Small and Medium Enterprises (7 Apr 2022)

Robert Troy: Ireland is well regarded in terms of having a proportionate regulatory burden for businesses. In the Global Business Complexity Index 2021 Ireland scored extremely well and was deemed to be the 4th least complex country in which to do business. This index examines the rules and requirements in 77 jurisdictions throughout the world. The National Competitiveness and Productivity Council (NCPC)...

Written Answers — Department of Enterprise, Trade and Employment: Corporate Governance (7 Apr 2022)

Robert Troy: Company law is primarily concerned with providing the legislative framework for the structure and operation of companies incorporated in Ireland, whether domestic or foreign, and does not regulate or supervise the actual activities of companies. Such activities are governed by other legislation including for example in the areas of consumer protection, competition, taxation, anti-money...

Written Answers — Department of Enterprise, Trade and Employment: Regional Development (7 Apr 2022)

Robert Troy: Regional development is at the centre of IDA Ireland's current strategy “Driving Recovery & Sustainable Growth 2021-2024”. Under this Strategy, the IDA is targeting half of all investments to regional locations which aligns with the objectives of the Programme for Government. Specifically, the IDA is targeting 25 investments for the Midlands region, which includes...

Written Answers — Department of Enterprise, Trade and Employment: European Union (7 Apr 2022)

Robert Troy: A proposal for a Directive on Corporate Sustainability Due Diligence was published by the European Commission on 23rd February 2022. The proposal, which had previously been referred to as the Sustainable Corporate Governance Directive aims to reduce the adverse environmental and human rights impacts of companies by introducing new obligations on companies. The proposal will apply to large...

Written Answers — Department of Enterprise, Trade and Employment: Company Law (7 Apr 2022)

Robert Troy: The Companies Act 2014 is a landmark legislative project, the result of many years of detailed and comprehensive work. It consolidated, simplified and reformed company law to provide a modern framework for all companies. The Act strikes a balance between simplifying the day to day running of a business, maintaining the necessary protections for those dealing with companies and putting in...

Written Answers — Department of Enterprise, Trade and Employment: Consumer Protection (7 Apr 2022)

Robert Troy: I will be introducing new and enhanced consumer protection measures shortly with the publication of the Consumer Rights Bill 2022and its introduction into the Houses and also through the transposition of the Representative Actions for the Protection of the Collective Interests of Consumers Bill later in the year. The purpose of the Consumer Rights Bill is to give effect to a number of EU...

Written Answers — Department of Enterprise, Trade and Employment: Corporate Governance (7 Apr 2022)

Robert Troy: The Companies (Corporate Enforcement Authority) Act 2021 which provides for the establishment of the CEA, was signed by the President on December 22. A cross referencing error in section 11 relating to a Schedule in the Act which prevented the proper establishment of the CEA, was identified by the Office of Parliamentary Council in January. To address this an amendment to the Act was included...

Written Answers — Department of Enterprise, Trade and Employment: Legislative Programme (7 Apr 2022)

Robert Troy: I am currently bringing the Competition (Amendment) Bill 2022 through the Oireachtas, and was very grateful to my Select Committee colleagues for their support in concluding Committee stage of the Bill yesterday morning. The purpose of this Bill is to give effect to Directive 2019/1 of the European Parliament and of the Council of 11 December 2018 to empower the competition authorities of...

Written Answers — Department of Enterprise, Trade and Employment: (7 Apr 2022)

Robert Troy: Regional enterprise development and sustainable local job creation continues to be a key policy priority of mine and this Government. Throughout 2021, my Department has overseen the development of nine new Regional Enterprise Plans (REPs) to 2024, including for the Midlands, which covers Counties Laois, Offaly, Longford and Westmeath. A key feature and strength of the Regional Enterprise...

Written Answers — Department of Enterprise, Trade and Employment: Company Law (7 Apr 2022)

Robert Troy: The Company Law Review Group (CLRG) submitted its report on the consequences of certain corporate liquidations and restructuring practices, including splitting of corporate operations from asset holding entities in group structures in December 2021. The issues considered in the report are complex and required extensive discussion and analysis by the CLRG. The CLRG ultimately concluded...

Written Answers — Department of Enterprise, Trade and Employment: Brexit Issues (7 Apr 2022)

Robert Troy: Since the Trade and Cooperation Agreement (TCA) came into effect in January last year, businesses have felt the realities of the UK’s decision to leave the EU. In large measure, Brexit was not the calamitous event that we all feared. Businesses have navigated their way steadily through the new trading relationship which includes increased administrative burdens and non-tariff barriers....

Written Answers — Department of Health: Hospital Appointments Status (6 Apr 2022)

Robert Troy: 247. To ask the Minister for Health if a surgery appointment will be scheduled for a person (details supplied). [18731/22]

Select Committee on Jobs, Enterprise and Innovation: Competition (Amendment) Bill 2022: Committee Stage (6 Apr 2022)

Robert Troy: I thank the Chair and members of the committee for facilitating Committee Stage today, as well as for facilitating the time change. I thank all members for their support for the Bill at pre-legislative scrutiny and on Second Stage in the Dáil. As members are all aware, this Bill is long, and it is complex legislation. The purpose of the Bill is to give effect to Directive 2019/1 of...

Select Committee on Jobs, Enterprise and Innovation: Competition (Amendment) Bill 2022: Committee Stage (6 Apr 2022)

Robert Troy: I move amendment No. 1: In page 7, line 33, to delete “Act of 2014” and substitute “Act of 2002 or the Act of 2014, as the case may be”. This amendment relates to the definition of the breach of a procedural requirement. Authorised officers of ComReg have the powers to affix a seal on documents or premises as part of an investigation into potential breaches of...

Select Committee on Jobs, Enterprise and Innovation: Competition (Amendment) Bill 2022: Committee Stage (6 Apr 2022)

Robert Troy: I move amendment No. 2: In page 8, line 2, to delete “39(3)(c) or”. Amendments Nos. 2 and 3 are to delete references to section 39(3) of the Communications Regulation Act 2002. Section 35 of the Bill clarifies that the existing section 39(3) of the Communications Regulation Act 2002, covering the powers of authorised officers of ComReg, does not apply to the competition...

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