Finance (Certain European Union and Intergovernmental Obligations) Act 2016

Annual report by Minister to Dáil Éireann

7. (1) In addition to the obligation under the following subsections, the Minister shall, within one month from the date on which a payment of a sum under section 4 of the kind referred to therein is made to the Single Resolution Board, cause a statement of the amount of the payment to be laid before Dáil Éireann.

(2) In respect of each reporting period the Minister shall, as soon as practicable after the end of the period, cause a report to be laid before Dáil Éireann that includes the following information:

(a) the aggregate value of loans to the Single Resolution Board made during the reporting period,

(b) the aggregate amount of moneys referred to in section 6 that is received by the State during the reporting period.

(3) In subsection (2) “reporting period” means—

(a) each of the following periods—

(i) the period from the passing of this Act to 31 December 2016,

(ii) the period in any year after 2016 from 1 January to 31 December,


(b) within each period to which paragraph (a) relates, such shorter periods as the Minister may from time to time consider appropriate in the circumstances (provided the combined duration of those shorter periods is equal to the duration of the first-mentioned period in this paragraph).