Dáil Éireann Debate, Thursday - 16 July 2015
531. Deputy Billy Kelleher asked the Minister for Health if he has further extended the date by which the Voluntary Health Insurance Board must acquire the necessary capital reserves to make an application for authorisation by the Central Bank of Ireland. [29988/15]
View answerThe Central Bank issued a letter of authorisation in principle to VHI in April 2015, subject to it raising the necessary capital and completing a number of legal and procedural steps. VHI is committed to self-funding this capital requirement and is working with the Central Bank to finalise matters. The final date of authorisation will be confirmed once these requirements are met.
Separately, there is a requirement to extend the date by which VHI has the capital in place in amending regulations. Statutory Instrument No. 272 of 2015 extends the date by which the Voluntary Health Insurance Board must acquire the capital reserves to 31 July 2015.
