Dáil Éireann Debate, Tuesday - 12 June 2012
220 Deputy Pearse Doherty asked the Minister for Finance to lay before Dáil Éireann the guidance note issued by the board of the National Asset Management Agency in July 2011 setting out the framework for the disposal of assets by NAMA developers and insolvency advisors under which property disposals should be carried out on a competitive basis. [27950/12]
View answerI am advised by NAMA that, as required under Section 35(5) of the NAMA Act, the Code of Practice relating to the disposal of bank assets by NAMA has been published on its website. NAMA has also published a separate guidance note on its website — Disposal of Real Estate Asset Guidance Note. This is not a Code of Practice as prescribed by section 35 of the NAMA Act 2009, rather it is a verification of NAMA's own policies on the matter. It can be accessed at the following link:http://www.nama.ie/about-our-work/step-by-step/developing-a-business-plan/.
