Denis Naughten (Roscommon-South Leitrim, Fine Gael)
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Question 202: To ask the Tánaiste and Minister for Finance the number of regulatory impact assessments produced by his Department since the adoption of the policy by Government; the number of appropriate decisions made by his Department which did not include such assessments; the reason for same; and if he will make a statement on the matter. [23909/07]

Brian Cowen (Laois-Offaly, Fianna Fail)
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As the Deputy will be aware, following a Government Decision on 21 June 2005, Regulatory Impact Analysis (RIA) is now to be applied to all new proposals for primary legislation and significant Statutory Instruments that involve changes to Ireland's regulatory framework, and proposals for EU Directives and significant EU Regulations when they are published by the European Commission.

In accordance with this decision, screening Regulatory Impact Analyses were carried out by my Department in respect of the following Bills and Statutory Instruments:—

The Asset Covered Securities (Amendment) Bill 2006,

Transposition of the Markets in Financial Instruments Directive (S.Is and Bill produced in 2007),

National Development Finance Agency (Amendment) Bill 2006

The proposed Financial Services Regulation Bill

There were no other decisions involving legislation where it was deemed that a Regulatory Impact Analysis would be appropriate.