Question 1

What does the Financial Services and Pensions Ombudsman (Amendment) Bill 2023 do?

Accepted Answer

Ombudsman mediations must be private; oral hearings held in public only if Ombudsman decides, after consulting parties, it serves justice. Clarifies Ombudsman can investigate firms no longer regulated if they met the definition when conduct occurred; expenses split between financial services levy and Exchequer based on complaint ratios. Allows Minister to make regulations requiring financial service and pension providers to establish internal complaint procedures; enables appointment of multiple Deputy Ombudsmen and Acting Ombudsmen.

Question 2

What stage is the Financial Services and Pensions Ombudsman (Amendment) Bill 2023 at?

Accepted Answer

As of 24 Apr 2025, the Financial Services and Pensions Ombudsman (Amendment) Bill 2023 is at Enacted. Once a bill passes every stage in both Houses of the Oireachtas and is signed by the President, it becomes law.

Question 3

Who introduced the Financial Services and Pensions Ombudsman (Amendment) Bill 2023?

Accepted Answer

The Financial Services and Pensions Ombudsman (Amendment) Bill 2023 was sponsored by Minister for Finance, and was introduced on 19 Dec 2023.

Financial Services and Pensions Ombudsman (Amendment) Bill 2023

What this bill doesAI · claude-haiku-4-5-20251001

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