Noel Grealish (Galway West, Independent)
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187. To ask the Minister for Finance if he will outline the agreement or legislation underpinning the arrangement that An Post is the sole distributor of State savings on behalf of the National Treasury Management Agency; if there are any plans to extend the arrangements to other regulated financial entities; and if he will make a statement on the matter. [45225/22]

Paschal Donohoe (Dublin Central, Fine Gael)
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The National Treasury Management Agency (NTMA) who manages State Savings have informed me that, State Savings products are offered by the Minister for Finance acting through the NTMA pursuant to the powers conferred on the NTMA by the National Treasury Management Agency Act 1990 and the National Treasury Management Agency Act 1990 (Delegation of and Declaration as to Functions) Order 1990 (S.I. No. 277 of 1990). In respect of deposit accounts, the applicable legislation names An Post as the entity authorised to receive deposits and administer the related accounts (Post Office Savings Bank Acts 1861 to 1958 as amended and Post Office Savings Bank Regulations 1921 as amended).

An Post acts as an agent of the NTMA in relation to the sale and administration of State Savings products (except Prize Bonds). The Prize Bond Company, a joint venture between An Post and Fexco, acts as an agent of the NTMA in relation to the operation of the Prize Bond Scheme. The agreements between the NTMA and its agents relating to the foregoing matters are reviewed at regular intervals.