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Seanad: Financial Provisions (Covid-19) (No. 2) Bill 2020: Motion for Earlier Signature (30 Jul 2020)

Michael D'Arcy: At 10.30 a.m. tomorrow.

Seanad: Tourism: Statements (28 Jul 2020)

Michael D'Arcy: I congratulate the Minister and wish her the best of luck in her important portfolio. Tourism equates to approximately 10% of our GDP, but it is more than just that. A large number of people beyond that 10% are employed in the sector. There is a great deal of seasonal and part-time work. As I have stated each time I have spoken about how we can get out of this crisis, our success will be...

Seanad: An tOrd Gnó - Order of Business (24 Jul 2020)

Michael D'Arcy: I want to raise the issue of the limit on attendance at outdoor events at 200 people. I am not sure many people had the opportunity to watch the Wexford senior hurling championship match between St. Martins and Oulart-The Ballagh but to see 200 people in a venue the size of Wexford Park when our numbers are where they are is not reasonable. In dealing with the pandemic we have shown a level...

Seanad: Financial Provisions (Covid-19) Bill 2020: Second Stage (16 Jul 2020)

Michael D'Arcy: I wish the Minister of State, Deputy Fleming, the best of luck in his new role. It is a good role and one I occupied not long ago. I am a little surprised that my successor has already been replaced. In that regard, I congratulate the Minister of State's predecessor, the Minister of State, Deputy Jack Chambers, who has joined the Cabinet as Government Chief Whip. This is a really good,...

Seanad: Financial Provisions (Covid-19) Bill 2020: Second Stage (16 Jul 2020)

Michael D'Arcy: Now.

Seanad: Financial Provisions (Covid-19) Bill 2020: Motion for Earlier Signature (16 Jul 2020)

Michael D'Arcy: I move: That pursuant to subsection 2° of section 2 of Article 25 of the Constitution, Seanad Éireann concurs with the Government in a request to the President to sign the Financial Provisions (Covid-19) Bill 2020 on a date which is earlier than the fifth day after the date on which the Bill shall have been presented to him.

Seanad: Financial Provisions (Covid-19) Bill 2020: Motion for Earlier Signature (16 Jul 2020)

Michael D'Arcy: Tomorrow morning at 10.30 a.m.

Seanad: Microenterprise Loan Fund (Amendment) Bill 2020: Second Stage (9 Jul 2020)

Michael D'Arcy: I congratulate the Leas-Chathaoirleach, as I did not do so when we met in the Convention Centre on Tuesday. I wish him well in his term. I also take this opportunity to congratulate the Cathaoirleach and wish him well in his term. While I am congratulating people, I would say to the Minister of State, Deputy English, that his appointment to the Department of Business, Enterprise and...

Seanad: Microenterprise Loan Fund (Amendment) Bill 2020: Second Stage (9 Jul 2020)

Michael D'Arcy: Now.

Seanad: Microenterprise Loan Fund (Amendment) Bill 2020: Committee and Remaining Stages (9 Jul 2020)

Michael D'Arcy: Now.

Seanad: Microenterprise Loan Fund (Amendment) Bill 2020: Motion for Earlier Signature (9 Jul 2020)

Michael D'Arcy: I move: That, pursuant to subsection 2° of section 2 of Article 25 of the Constitution, Seanad Éireann concurs with the Government in a request to the President to sign the Microenterprise Loan Fund (Amendment) Bill 2020 on a date which is earlier than the fifth day after the date on which the Bill shall have been presented to him.

Seanad: Microenterprise Loan Fund (Amendment) Bill 2020: Motion for Earlier Signature (9 Jul 2020)

Michael D'Arcy: Next Thursday at 10.30 a.m. in Leinster House.

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...

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.

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.

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

Michael D'Arcy: It is either House and by a simple majority vote.

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

Michael D'Arcy: Either House can annul the legislation.

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