I propose to establish the following committees, boards, companies or other bodies under the auspices of my Department.
The national pensions reserve fund commission:
Provision is made in the National Pensions Reserve Fund Bill for the establishment of an independent commission, the national pensions reserve fund commission, which will be appointed by the Minister for Finance to control and manage the proposed fund.
Single regulatory authority – SRA – for the financial services sector:
The Government has decided to establish a single, unified, regulatory authority for the financial services sector. As the Deputy will be aware, following the MacDowell report, discussions have taken place between officials of my Department and the Department of Enterprise, Trade and Employment and the matter is now being considered by me and the Tánaiste. It is envisaged that regulation will be carried out by a statutory body. When the outstanding issues have been settled, the Tanaiste and I will bring proposals to Government for consideration and decision.
Proposed dormant accounts board of trustees:
As indicated in the Government's press release of 11 April 2000, it is intended that the proposed new legislation for dealing with dormant accounts in financial institutions will include provision for a board of trustees to disburse any surplus funds for societal or community benefit. Further details will be made available when the enabling legislation is published.
Standards in public office commission:
The Standards in Public Office Bill, 2000, introduced in the Dáil on 29 June 2000 provides,inter alia, for the establishment of a standards in public office commission with investigative powers in relation to complaints about or omissions of persons in public life.
Board for the new Ordnance Survey Ireland:
The proposed legislation that will set up Ordnance Survey Ireland as a separate state body will allow for the establishment of a board.