The Irish Government has announced the Legislation Programme for the Spring/Summer Session 2018. Of the 49 priority Bills listed for publication during this Session, the following Bills are of particular interest to the banking and financial services sector:
|
Bill |
Purpose |
Status |
|
Home Building Finance Ireland Bill |
To establish a new dedicated institution, Home Building Finance Ireland which will lend to residential housing developers on commercial, market equivalent terms and conditions |
Work is underway. Pre-legislative scrutiny (PLS) still to be determined |
|
Market in Financial Instruments Bill |
This Bill is part of the transposition of the Market in Financial Instruments Directive II into national law |
Heads approved 21st July & 7th November 2017, Committee decided that PLS is not required |
|
National Treasury Management Agency (Amendment) Bill |
To establish a contingency reserve / Rainy Day Fund to help strengthen the resilience of and maintain sound public finances |
Heads are in preparation, PLS still to be determined |
|
African Development Bank Bill |
To allow for Ireland's potential membership of the African Development Bank |
Heads approved 24th November 2017 |
The Home Building Finance Ireland Bill is the culmination of the Government's Budget 2018 proposal to establish a new dedicated fund, Home Building Finance Ireland (HBFI) to address the serious deficit in the supply of housing in Ireland. HBFI will be allocated up to €750 million of funds from the Ireland Strategic Investment Fund to provide funding on market terms to viable residential development projects.
Click here to view the full programme.
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