Dáil Thursday 21 September 2017 at 14:35

Market and Financial Instruments Bill

Summary

Deputy Rock asks about the impact of EU supervisory reform proposals on the Market and Financial Instruments Bill and MiFID II transposition. The Tánaiste says pre-legislative scrutiny will happen shortly and the Bill will be fully published during the term.

Pat the Cope Gallagher An Leas-Cheann Comhairle Fianna Fáil

It is over €800,000, but I had better not make a comment from the Chair.

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Noel Rock Fine Gael

Deputy Eamon Scanlon has got his funding, on which I congratulate him.

The Market and Financial Instruments Bill is important legislation. Has the relevant Minister considered the potential implications of the European Commission's proposals announced yesterday relating to reforming the European supervisory authority and specifically the proposal to amend the MiFID II directive? What is the anticipated impact on the transposition in Ireland of the MiFID II directive? Will the Tánaiste consult the relevant Minister on the Market and Financial Instruments Bill which is priority legislation?

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Simon Coveney Tánaiste ( Frances Fitzgerald) Fine Gael

I do not think the relevant Minister is in the House. Prelegislative scrutiny of the Bill will take place shortly and there will be full publication in the course of this term.

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