Wednesday, 8 May 2019

Questions (1415)

Clare Daly

Question:

1415. Deputy Clare Daly asked the Minister for Employment Affairs and Social Protection her views on the fact that the European Commission has now launched infringement proceedings against Ireland for failure to transpose the IORP II Directive; and the reason the transposition of same has been delayed to the point that Ireland now faces infringement proceedings. [18877/19]

View answer

Written answers (Question to Employment)

The transposition of the IORP II Directive will result in significant improvements to the regulation and governance of funded occupational pension schemes in Ireland. This Department, supported by the Pensions Authority, is managing the transposition process of the IORP II Directive. The drafting of regulations is at an advanced stage and my Department is working towards transposing the Directive as early as possible.

As the Deputy may be aware, an application has been granted for a judicial review for a set of reliefs and a stay in relation to the transposition into Irish law of the IORP II Directive. As such, it would not be appropriate for me to comment on cases before the Courts.

I hope this clarifies the matter for the Deputy.