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Ireland · Question · written

PQ 385

458 Deputy Maureen O’Sullivan asked the Minister for the Environment, Community and Local Government in relation to Dormant Account Inspection Reports, which have been completed by the Central Bank of Ireland, if he will agree that these reports have been undertaken under Sub-section 5(c)of section 33AK Central Bank Act 2003 which prescribes that the Central Bank may disclose information where the bank acts as an agent for some other party; his views on whether the inspections carried out to date were carried out further to the Dormant Accounts Acts and accordingly, as a creature of those Acts, that the Central Bank was acting as the Dormant Accounts Board’s agent in carrying out the inspection reports; accordingly, if he will considers that it is appropriate, as a matter of statute law, that the Central bank should publish the reports, or at very least, make them available to Dormant Accounts Board, which is mandated by primary statute law; which is to say that, in the circumstances, the Central bank is permitted to disclose the inspection reports regarding the financial institutions, they being contributors to the Dormant Accounts Fund, that the Central Bank supervises under Section 33AK of the Central Bank Act, 2003; and if he will make a statement on the matter. [21424/12]

askedIreland· Dáil Éireann· EN

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1 May 2012

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1 May 2012

Summary

458 Deputy Maureen O’Sullivan asked the Minister for the Environment, Community and Local Government in relation to Dormant Account Inspection Reports, which have been completed by the Central Bank of Ireland, if he will agree that these reports have been undertaken under Sub-section 5(c)of section 33AK Central Bank Act 2003 which prescribes that the Central Bank may disclose information where the bank acts as an agent for some other party; his views on whether the inspections carried out to date were carried out further to the Dormant Accounts Acts and accordingly, as a creature of those Acts, that the Central Bank was acting as the Dormant Accounts Board’s agent in carrying out the inspection reports; accordingly, if he will considers that it is appropriate, as a matter of statute law, that the Central bank should publish the reports, or at very least, make them available to Dormant Accounts Board, which is mandated by primary statute law; which is to say that, in the circumstances, the Central bank is permitted to disclose the inspection reports regarding the financial institutions, they being contributors to the Dormant Accounts Fund, that the Central Bank supervises under Section 33AK of the Central Bank Act, 2003; and if he will make a statement on the matter. [21424/12]

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Dormant Accounts Fund

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