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Financial Services Regulation

Dáil Éireann Debate, Thursday - 30 September 2010

Thursday, 30 September 2010

Ceisteanna (148)

Catherine Byrne

Ceist:

148 Deputy Catherine Byrne asked the Minister for Finance the number of moneylending licences currently on record; the number of new licences granted each year from 2008 to date in 2010; and if he will make a statement on the matter. [34315/10]

Amharc ar fhreagra

Freagraí scríofa

The Financial Regulator has advised me that the number of licences granted each year from 2008 to end August 2010 is as follows:

No. of licensed moneylenders

Year

Number

2008

52

2009

52

2010

51 (as at 31 August 2010)

The Deputy might wish to note that money lending licences must be renewed annually and that the number of valid licences at a particular time does not vary significantly. This is because the number of new licensees is generally equivalent to the number who cease operating as money lenders.

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