Results 41-60 of 6,295 for speaker:Michael D'Arcy

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

Michael D'Arcy: That is correct.

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

Michael D'Arcy: The opposite is the case.

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...

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...

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 wish to put on the record of the committee that amendments have not yet been agreed upon by Cabinet and prepared, but there will be amendments in the Seanad. The Bill will return to Dáil Éireann to discuss the subsequent amendments further to the conversation on what we pass today.

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, and possibly other matters. The amendments have not been concluded as of yet.

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 am hopeful that we can get through Committee Stage today and get Report Stage done in the Dáil next week. We should get to the Seanad in January and I anticipate that the Seanad amendments will be back in the Dáil before the end of January so the legislation can be concluded. This has dragged on for three and a half years and I want to put it to bed.

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 Deputy is talking about the Limited Partnerships Act 1907. That is part of the package that has increased the number of higher equity funds in Ireland. This act is not changing anything about that. That legislation is used for purposes other than alternative investments, and the change proposed by the industry would not be limited to collective investment schemes. They are not being...

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.

Perjury and Related Offences Bill 2018 [Seanad]: Second Stage (11 Dec 2019)

Michael D'Arcy: It is good to have an opportunity to address the Bill. I have come from the Seanad, which has just passed the Consumer Insurance Contracts Bill. This Bill is another tool in the kit required to deal with insurance fraud. Legislation which has been passed with significant co-operation in both Houses are the Health Insurance (Amendment) Bill, the Central Bank (National Claims Information...