Dáil Éireann Debate, Tuesday - 29 September 2015
146. Deputy Thomas Pringle asked the Minister for Finance if he will enact section 67 of the Post and Telecommunications Act 1987 to allow institutions such as An Post to provide financial services, including a standard bank account. [32873/15]
View answerAn Post have been engaged with my Department regarding their proposal to provide a payment account. There are a number of stages in the approval process that the company must complete, including a statutory consultation with the Minister for Communication, Energy and Natural Resources.
Once the necessary procedures have been completed and following a consultation with the Central Bank of Ireland, a draft Ministerial Order pursuant to Section 67 of the Post and Telecommunications Act, 1983 will be prepared for my consideration.
I understand that the process is at an advanced stage.
