Written answers

Thursday, 15 November 2018

Department of Jobs, Enterprise and Innovation

Business Regulation

Photo of Billy KelleherBilly Kelleher (Cork North Central, Fianna Fail)
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106. To ask the Minister for Jobs, Enterprise and Innovation the progress to date for each of the action points made in the report Measures to Enhance Ireland's Corporate, Economic and Regulatory Framework, published in November 2017; if each such action point has been completed, not completed or is ongoing, respectively; and the revised deadlines for action points not delivered by the original timeframes in tabular form. [47659/18]

Photo of Heather HumphreysHeather Humphreys (Cavan-Monaghan, Fine Gael)
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On 2 November 2018, the Government published “Measures to Enhance Ireland’s Corporate, Economic and Regulatory Framework: Ireland combatting “white collar crime”. A comprehensive set of 28 measures was developed to augment the existing regulatory and legislative framework in Ireland in the area of corporate, economic and regulatory crime. The implementation of these measures is progressing across 3 Departments: Business, Enterprise and Innovation; Justice and Equality; and Finance.

There has been considerable progress on the delivery of these actions, with most of the actions either completed, on schedule or on track to be completed.

In terms of my own Department, the following table sets out the progress on implementation since that publication was launched:

Progress on Measures to Enhance Ireland’s Corporate, Economic, and Regulatory Framework

Action Point No. Action Point Timeline Progress/Revised Timeframe
1Develop legislative framework following appropriate consultation with stakeholdersQ1 2018Complete
2Publish the General Scheme of Bill Q2 2018 Ongoing. The General Scheme of a Bill to give effect to this decision will be published in Q4 2018
3Pre-legislative scrutiny Q3 2018 Not completed. Timeline has been revised to Q1 2019.
4Publish Bill Q4 2018 Timeline has been revised to Q2 2019.
5Enact Bill Q2 2019 Timeline has been revised to Q4 2019.
10CLRG to publish its Report on Corporate Governance Q4 2017 Complete.
11DBEI to consider the CLRG Report and publish General Scheme of Bill as appropriate Q2 2018Ongoing. It is intended that any proposals for legislative change, on foot of the Report, will be included in the General Scheme of the Bill to establish the ODCE as an agency.
14Initiate Public Consultation seeking views from stakeholders to inform transposition of the Directive Q1 2018 Complete.
15Transpose Directive Q2 2019 Ongoing. The transposition deadline of 10 June 2019 is expected to be met.
16Publish the Companies (Statutory Audits) Bill 2017 Q4 2017 Complete.
17Enact Companies (Statutory Audits) Bill 2017 Q2 2018 Complete.

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