Seanad debates

Wednesday, 31 October 2007

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages

 

1:00 pm

Photo of Liam TwomeyLiam Twomey (Fine Gael)

It was left at that, even though people on the other side of the House are usually quite good at giving far more information than just replying with a "Yes". This is a serious issue and it is a recent happening.

I ask the Minister of State to provide the background information to this section of the Bill. When did the Department of Finance decide to include this provision in the Bill and what was the motivation for this provision? Did the Department simply decide it had a bag of bits and pieces lying around waiting to be included in legislation? This does not seem to be what happened in this case.

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