Patrick O'Donovan (Limerick, Fine Gael)
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To ask the Minister for Finance his plans to bring forward legislation or regulations to control debt management agencies and advisors; and if he will make a statement on the matter. [41255/12]

Michael Noonan (Limerick City, Fine Gael)
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The Government is committed to having in place an effective regulatory/supervisory system for those firms which provide a debt management and/or a debt advice service. I have received Government approval to bring forward an amendment, at the Committee Stage, of the Central Bank (Supervision and Enforcement) Bill 2011 to provide for a regulatory regime for debt management and debt advice companies.