I propose to take Questions Nos. 534 to 536, inclusive, together.
As I indicated in my reply to Question No. 204 of 24 April 2013, it is difficult to ascertain the likely demand on the Insolvency Service of Ireland (ISI). There are currently no persons authorised to practice in the State as personal insolvency practitioners (PIPs). The public will be informed in advance when the ISI are ready to process such applications, which it is anticipated will be in the coming weeks. I am advised by the ISI that there are currently no target for the number of PIPs, and the numbers authorised will very much depend on the interest of persons wishing to become PIPs. However, I can inform the Deputy that, of the over 1,200 telephone and email contacts which the ISI has received since it launched its Information Campaign, almost one third of these were from persons interested in becoming PIPs. In order to apply to become a PIP, an applicant must be a solicitor, barrister, a qualified accountant, a qualified financial advisor, or must hold a qualification in either law, business, finance or other appropriate similar qualification to the satisfaction of the ISI recognised to at least level 7 of the National Qualifications Framework. All potential applicants, in addition to their existing professional qualifications, will have to demonstrate evidence of the applicant's satisfactory knowledge of the provisions of the Personal Insolvency Act 2012 and the law generally as it applies to the insolvency of individuals and in particular statutory provisions relating to such persons. I am advised by the ISI that the professional bodies, such as the Law Society, the Institute of Bankers and the accountancy bodies have begun relevant training courses. Interest in these courses has been high, and I understand that some bodies will be running more courses in the coming months.