Joan Burton (Dublin West, Labour)
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Question 88: To ask the Minister for Finance if he will explain what a market notice is; the persons to whom it is addressed and under what authority; the circumstances in which his Department issues such a notice; the number of such notices issued in the past; and if he will make a statement on the matter. [39002/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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A market notice is a document designed to provide information to participants in the financial markets. The Market Notice issued by my Department on 22 October was not prepared as a requirement under any legislative imperative. It was issued under my general authority to issue a public statement on matters within the remit of my Department. Its purpose was to provide a simple and clear statement to market participants of certain key elements of the Credit Institutions (Financial Support) Scheme 2008. The Market Notice does not and could not alter the Scheme as approved by the Oireachtas and the European Commission.

My Department has not had reason to issue a comparable market notice in the past.