Seán Kyne (Galway West, Fine Gael)
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Question 469: To ask the Minister for Jobs, Enterprise and Innovation the progress made to date of the transposition of Directive 2011/7/EU regarding the efforts to combat the problems and challenges relating to the late payment in commercial transactions; if he will report on the expected timeframe for the transposition in view of the protection the directive will provide for small to medium sized enterprises. [19259/12]

Richard Bruton (Dublin North Central, Fine Gael)
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Member States are required to transpose Directive 2011/7/EU of the European Parliament and of the Council of 16 February 2011 on combating late payment in commercial transactions (Recast) into national law by 16 March 2013.

My Department is currently drafting a Consultation Paper on transposing the Directive. I expect to start this public consultation process in the coming weeks, with a view to having the necessary legislation in place by the 16 March 2013 deadline.