Dáil Éireann Debate, Wednesday - 20 September 2017
338. Deputy Richard Boyd Barrett asked the Minister for Justice and Equality if he will consider including owners' management companies under the regulation of the PSRA; and if he will make a statement on the matter. [39732/17]
View answerThe primary function of the Property Services Regulatory Authority (PSRA) established under the Property Services (Regulation) Act 2011 is to control and supervise the provision of property services in the State, including auctioneering and letting services and property management services. For this purpose, the Authority operates a licensing system for property services providers, namely auctioneers, letting agents and property management agents.
The owners, management companies (OMCs) for whom property management agents provide management services are companies established under the Companies Acts and are subject to oversight by the Companies Registration Office and the Office of the Director of Corporate Enforcement. As OMCs are essentially procurers rather than providers of property management services, to extend the role of the PSRA to such companies would not be appropriate or feasible and could be regarded as a conflict of interest for the Authority in exercising its regulatory functions.
