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Topical Issue Debate: Credit Unions (25 Feb 2015)

Simon Harris: I thank the Deputy for raising what I know is a very important issue for the people of Newbridge and for him personally. It is an issue he has raised in the House with the Minister for Finance on a number of occasions. While the Government is absolutely determined to support a strengthened and growing credit union movement and has highlighted its support for the return of credit union...

Leaders' Questions (25 Feb 2015)

Simon Harris: He is wrong about the post offices too.

Leaders' Questions (25 Feb 2015)

Simon Harris: He would not answer on "Morning Ireland".

Written Answers — Department of Public Expenditure and Reform: Court Accommodation Provision (25 Feb 2015)

Simon Harris: Kilminchy Court, Portlaoise accommodates the Appeal's Office of the Department of Agriculture Food and the Marine. The accommodation is used by the Department's Appeals Officers who, due to the nature of their work, are independent of the Department's day to day business. The premises comprises reception area, hearing rooms, office space, ancillary space, etc. The total area of the...

Written Answers — Department of Public Expenditure and Reform: Exchequer Returns (25 Feb 2015)

Simon Harris: The income generated from licences granted to mobile phone operators in respect of telecommunication masts at Garda Stations in the Dublin Region for 2014 was €1.699m and monies received to date in 2015 is €0.115m inclusive of VAT.

Written Answers — Department of Public Expenditure and Reform: Office of Public Works Properties (25 Feb 2015)

Simon Harris: The information sought by the Deputy is currently being collated. A detailed response will issue as soon as possible.

Written Answers — Department of Public Expenditure and Reform: Flood Risk Assessments (24 Feb 2015)

Simon Harris: The River Laune is not a designated channel under an OPW arterial drainage scheme and therefore the OPW is not responsible for its maintenance. The channel is in a Drainage District and its maintenance is the responsibility of Kerry County Council. If the flooding problem in the location mentioned is due to factors other than a lack of maintenance by the Council, the Local Authority may...

Written Answers — Department of Public Expenditure and Reform: Office of Public Works Projects (24 Feb 2015)

Simon Harris: The Office of Public Works (OPW) intend to advertise an additional Permit for the Skellig Michael passenger route and, with this in mind, are currently preparing a Competition process to allow interested parties to apply to be considered. The award of the Permit will be made by the OPW after a publicly advertised competition process and it will be open to all parties with an interest to...

Written Answers — Department of Public Expenditure and Reform: Garda Station Refurbishment (24 Feb 2015)

Simon Harris: The Commissioners of Public Works are in the process of assigning the former Garda Station at Castletownshend, Co. Cork for use by Castletownshend Community Association for community and voluntary activities for a period of not less than 3 years. The Chief State Solicitors Office (CSSO) are preparing the licence which sets out the terms and conditions that are applicable to the use of a...

Written Answers — Department of Public Expenditure and Reform: Garda Station Refurbishment (24 Feb 2015)

Simon Harris: It is expected that a Contractor will be appointed in April 2015. Subject to placing the contract, scheduled completion is the end of Q4 2015. It is expected that the building will become fully operational immediately on completion.

Irish Collective Asset-management Vehicles Bill 2014: From the Seanad (19 Feb 2015)

Simon Harris: Similarly, this amendment has been designed to adapt specific use of the regulations in their application to ICAVs that are authorised as AIFs pursuant to section 19 of the Bill. This will enable the bank to operate a similar regime for all ICAVs, regardless of whether they are UCITS or AIFS.

Irish Collective Asset-management Vehicles Bill 2014: From the Seanad (19 Feb 2015)

Simon Harris: The amendment provides for changes to the Central Bank Act 1942 to take account of the ICAV. Subsection (1) amends section 33AK of the Central Bank Act 1942 and is necessary to provide a gateway for the Central Bank to furnish information to the Office of the Director of Corporate Enforcement, OCDE concerning its functions under the Bill. Such a gateway is provided for the passing of...

Irish Collective Asset-management Vehicles Bill 2014: From the Seanad (19 Feb 2015)

Simon Harris: This is a technical amendment that seeks to clarify and confirm the OCDE's role in the context of the ICAV regime. The amendment concerns particularly the functional powers of the office. It specifically cross-applies sections 953, 956 and 957 of the Companies Act 2014. As a result, section 953 provides that the ODCE is not liable for any act taken or omission pursuant to the Act. Section...

Irish Collective Asset-management Vehicles Bill 2014: From the Seanad (19 Feb 2015)

Simon Harris: I understand amendments Nos. 2 and 10 will be discussed together. Amendment No. 2 provides that a director must disclose in his or her statement, required under section 10 for registration of an ICAV, if he or she is disqualified under the law of another country from acting as a director or secretary of an entity. The amendment effectively provides for the insertion of section 23 of the...

Irish Collective Asset-management Vehicles Bill 2014: From the Seanad (19 Feb 2015)

Simon Harris: The purpose of amendment No. 3 is to ensure the Central Bank is notified of the details of an external fund manager in the case of an alternative investment fund ICAV. In relation to an ICAV that is an alternative investment fund, it will have either internal management within the ICAV or appointed external management. The Central Bank, through the authorisation process of the internal...

Irish Collective Asset-management Vehicles Bill 2014: From the Seanad (19 Feb 2015)

Simon Harris: Will the Deputy, please, repeat the question?

Irish Collective Asset-management Vehicles Bill 2014: From the Seanad (19 Feb 2015)

Simon Harris: As is already the case with regard to bodies regulated by the Central Bank, fees are payable to it for supervision.

Irish Collective Asset-management Vehicles Bill 2014: From the Seanad (19 Feb 2015)

Simon Harris: Amendments Nos. 4 and 5 are minor drafting corrections. Amendment No. 4 proposes the insertion of the word "that" after the word "satisfied" on line 8 of page 22, while amendment No. 5 proposes to delete the word "that" on line 9 of page 22.

Irish Collective Asset-management Vehicles Bill 2014: From the Seanad (19 Feb 2015)

Simon Harris: Amendment No. 6 is a minor drafting correction which deletes the original paragraph (h) and replaces it with the same text but not within a paragraph.

Irish Collective Asset-management Vehicles Bill 2014: From the Seanad (19 Feb 2015)

Simon Harris: Amendment No. 7 seeks to make the rules on the execution of documents consistent with the position under the Companies Act 2014 in respect of public limited companies. ICAVs may wish to authorise other individuals such as the investment manager to execute standard trading documents on behalf of the ICAVs. The original text which limited signatories to the directors and company secretary is...

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