Written answers
Tuesday, 24 March 2009
Department of Finance
Tax Code
9:00 pm
Ruairi Quinn (Dublin South East, Labour)
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Question 169: To ask the Minister for Finance if he has held meetings with representatives from a group (details supplied) in recent months; the commitments he entered into with the group; when he expects these commitments to be put into effect; and if he will make a statement on the matter. [10860/09]
Jim O'Keeffe (Cork South West, Fine Gael)
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Question 193: To ask the Minister for Finance if his attention has been drawn to the concerns expressed by an association (details supplied) regarding the regulation of their profession; if he is in a position to deal with those concerns; and if he will make a statement on the matter. [11226/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 169 and 193 together.
I met with representatives of the association referred to in the Deputies' questions on 17 February 2009. They raised a number of issues with me including: auditing requirements; the reforms of the regulatory structures; the supervision of insurance mediation carried out on an incidental basis; and the treatment of basic insurance products by the Financial Regulator, in the context of the Financial Regulator's review of its Consumer Protection Code. It was agreed at the meeting that my officials would examine the matters raised and that the amendment of the existing Insurance Mediation Regulations (S.I. No. 13 of 2005) would be treated as a priority, taking into account other legislative priorities. The Deputies may wish to note that officials from my Department will continue to liaise with the association and keep them informed of relevant developments.
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