Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance the number of officials in his Department that have moved into jobs in the financial sector in the last two years and the cooling off period which was applied to these officials during their moves. [3356/13]

Michael Noonan (Limerick City, Fine Gael)
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No officials from my Department have moved into jobs in the financial sector. I understand that three members of my Department’s Shareholder Management Unit, seconded to my Department from the NTMA, who resigned from the NTMA subsequently took up employment in the financial sector. The position in respect of the Head of the Shareholder Management Unit is as I set out to the Deputy in the House last week. In the case of the other two employees they served the notice provided for in their contracts. All employees of the NTMA are subject to section 14 of the National Treasury Management Agency Act, 1990 which prohibits an employee from disclosing any information obtained while carrying out their duties as employees of the NTMA. NTMA employees are also subject to the Official Secrets Act. Contravention of the NTMA Act and the Official Secrets Act is a criminal offence and the prohibition on disclosing confidential information applies indefinitely and extends to former employees.