Results 561-580 of 1,118,498 for in 'Dáil debates' OR (speaker:Tom Kitt OR speaker:Éamon Ó Cuív OR speaker:Martin Kenny OR speaker:Michael McNamara OR speaker:Danny Healy-Rae OR speaker:Neale Richmond OR speaker:Éamon Ó Cuív5 OR speaker:Jackie Cahill OR speaker:Éamon Ó Cuív04 OR speaker:Holly Cairns OR speaker:Jack Chambers OR speaker:Éamon Ó Cuív58 OR speaker:Maurice Quinlivan OR speaker:Éamon Ó Cuív14 OR speaker:David Cullinane OR speaker:Francis Noel Duffy OR speaker:Mattie McGrath OR speaker:Cathal Berry OR speaker:Matt Carthy OR speaker:Marian Harkin OR speaker:Éamon Ó Cuív42 OR speaker:Réada Cronin OR speaker:Peter Fitzpatrick OR speaker:Mary Butler OR speaker:Éamon Ó Cuív87 OR speaker:Paul Murphy OR speaker:Marc Ó Cathasaigh OR speaker:Ruairi Ó Murchú OR speaker:Mairead Farrell OR speaker:Jennifer Whitmore OR speaker:Peadar Tóibín OR speaker:James O'Connor OR speaker:Heather Humphreys OR speaker:Matt Shanahan) in 'Committee meetings'

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Catherine Murphy: Before we move to Deputy Murphy, could Ms Delaney clarify that the consultancy fees were nothing to do with the regulator's core work and it was for exceptional items like the IT project?

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Catherine Murphy: It was not the only one.

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Catherine Murphy: I thank Ms Delaney. We move to Deputy Verona Murphy, who has ten minutes.

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Catherine Murphy: The Deputy's time is up.

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Catherine Murphy: Does Ms Delaney want to respond?

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Catherine Murphy: I understand exactly where Deputy McAuliffe was going. He focused on the ones with very few resources. What is the profile of the ones that are at the very top? What percentage has significant resources?

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Catherine Murphy: What kind of organisations are they?

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Catherine Murphy: Ms Delaney might just give us a list.

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Catherine Murphy: That is fine. Deputy Farrell is next.

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: Gabhaim buíochas leis an Leas-Chathaoirleach agus leis na finnéithe as teacht os comhair an choiste. In the briefing pack it is mentioned that the Charities Regulator is responsible for the registration and regulation of charities in Ireland. Can I take it that the regulator grants charitable trust ownership structures to companies here as well? In other words, they must apply to...

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: All right. Under the 2009 Act, the regulator is required to ensure and monitor compliance by charitable organisations and to carry out investigations in accordance with the Act. Does that apply to all companies with a charitable ownership structure?

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: Does this include the type of structures that are traded within the IFSC?

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: Why is that?

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: I understand the regulator looked into this in 2017 and I think four companies were identified as using that section 110. Am I correct?

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: According to a press statement from 2017 that the regulator has on its website: The Charities Regulator has completed a review of registered charities holding shares in section 110 companies on trust. The purpose of the review was to establish the number of registered Irish charities holding shares in section 110 companies and to determine whether they fell within the remit of the...

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: It would be fantastic if that could be brought to the committee. I am talking about three structures and obviously I am not aware of what three they were or anything like that, so I am not speaking about them. I am sure they are doing fabulous work. When the regulator is looking at those I assume it looks into the background of them, such as the way they are constituted and if there is a...

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: That is good. I asked about that because over the last two and a half years there has been significant interest in the IFSC and IFSC-based shell companies that often use charitable trust ownership structures. Some of these firms have billions in assets. We know about some examples from research carried out by academics in Trinity College showing that Russian-connected funds funnelled...

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: Yes, in order to acquire status.

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: Okay, but from the regulator's press statement there was the suggestion there were three that were using section 110. Ms. Delaney may wish to come back on that. I am just asking these questions because it is something I have a long interest in and it has been in the public eye. The Department of Finance did a review of section 110 in its entirety in the last year. Did it at any point ask...

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: Okay. On the back of this, I ask the regulator to come back to the committee with detail. It could look back to 2017 and see what the story is with those three structures and whether there have been any others. An Teachta Verona Murphy outlined the concern about the amount of staff the regulator has to look through 11,060 charities and whether it has enough funding to be able to look at...