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Chapter 8
Planning and reporting
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Strategy statement
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39. (1) The regulator shall prepare and submit to the Minister a strategy statement for each 3 year period, beginning with the establishment day.
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(2) A strategy statement shall—
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(a) specify the key objectives, outputs and related strategies (including the use of resources) of the regulator,
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(b) specify the manner in which the regulator proposes to assess its performance in respect of those objectives, taking account of relevant performance indicators (financial and non-financial),
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(c) include a review of the outcomes and effectiveness of the preceding strategy statement (except for the first statement), and
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(d) include any other matters that the Minister may from time to time direct.
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(3) A strategy statement shall be prepared in the form and manner that the Minister may from time to time direct.
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(4) In preparing a strategy statement the regulator—
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(a) shall have regard to the need to ensure the most beneficial, effective and efficient use of its resources, and
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(b) may consult such persons as it considers appropriate.
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(5) The strategy statement in respect of the first 3 year period shall be submitted as soon as practicable after the establishment day.
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(6) The strategy statement for each subsequent 3 year period shall be submitted at least 3 months before the beginning of the period.
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(7) As soon as practicable after receiving a strategy statement the Minister shall cause a copy to be laid before each House of the Oireachtas.
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(8) The regulator shall arrange for the publication of a strategy statement as soon as practicable after submitting it.
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