Tuesday, 26 November 2019

Ceisteanna (257)

Robert Troy

Ceist:

257. Deputy Robert Troy asked the Minister for Business, Enterprise and Innovation if her Department has lead responsibility for overseeing the operation of the new Register of Beneficial Ownership; and the meetings she has had to date in 2019 with the Minister for Finance on appointing the new registrar and meeting the requirements of S. I. No.110 of 2019. [48931/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Business)

While S.I. No. 110 of 2019 was made by the Minister for Finance, Regulation 18 provides that the Minister for Business, Enterprise and Innovation may, after consultation with the Minister for Finance, appoint a Registrar of Beneficial Ownership of Companies and Industrial and Provident Societies.  Under Regulation 19, the Central Register of Beneficial Ownership of Companies and Industrial and Provident Societies shall be maintained by the Registrar and for the purposes of registration in the central register the Minister for Business, Enterprise and Innovation shall maintain and administer an office or offices in the State at such places as the Minister thinks fit.

On 11 July 2019 I wrote to the Minister for Finance notifying him of my intention to appoint a Registrar of Beneficial Ownership of Companies and Industrial and Provident Societies, subject to any observations he may have.  On 16 July 2019 the Minister for Finance provided written response, noting my intention and that he had no further observations to make in this regard.

Officials from my Department have and continue to communicate with officials from the Department of Finance to discuss the operation of the RBO and meeting the requirements of S.I. No. 110 of 2019.  Communication takes place in several ways including e-mail, by telephone and by way of both formal and informal face to face meetings.