Written answers
Tuesday, 17 June 2008
Department of Finance
Regulatory Impact Analysis
11:00 pm
Leo Varadkar (Dublin West, Fine Gael)
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Question 189: To ask the Minister for Finance the occasions on which his Department has carried out a screening regulatory impact analysis on statutory instruments, Bills and EU directives in the years 2006, 2007 and to date in 2008; the occasions on which it has subsequently decided not to carry out a full regulatory impact analysis; the reason this decision was made in each case; and if he will make a statement on the matter. [22684/08]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The information requested by the Deputy is outlined the following table:
| Year | Details of Statutory Instruments, Bills and EU Directives on which a screening regulatory impact analysis was carried out in relation to: | Reasons why it was subsequently decided not to carry out a full regulatory impact analysis |
| 2006 | National Development Finance Agency (Amendment) Bill 2006 (enacted in 2007) | No specific significant implications were identified under RIA Guidelines |
| 2006 | The Markets in Financial Instruments and Miscellaneous Provisions Bill 2007 which was brought forward, inter alia, in conjunction with the transposition of the Markets in Financial Instruments Directive (Directive 2004/39/EC of 21 April 2004). | There was no need to perform a full RIA, as the Markets in Financial Instruments Directive had been the subject of extensive consultation at both national and EU level. |
| 2006 | Modernisation/Consolidation of Financial Services Legislation | No specific significant implications were identified under RIA Guidelines to warrant undertaking a full regulatory impact analysis. |
| 2006 | The Assets Covered Securities (Amendment) Bill 2006 | No specific significant implications were identified under RIA Guidelines to warrant undertaking a full regulatory impact analysis. |
| 2007 | The draft Solvency II Directive published in July 2007. | No specific significant implications were identified under RIA Guidelines to warrant undertaking a full regulatory impact analysis. |
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