Credit Review Act 2026
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Reports to Minister | ||
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21. (1) The Service shall, not later than 30 April in each year after the year in which this section comes into operation, prepare and submit to the Minister a report (in this section referred to as the “annual report”) in writing on the performance by it of its functions in the preceding year. | ||
(2) The reference in subsection (1) to the preceding year shall, in the case of the first annual report to be prepared under this section, be read as a reference to the period commencing on the establishment day and ending on the following 31 December. | ||
(3) The Minister shall, as soon as may be after the receipt by him or her of the annual report, cause copies of the annual report to be laid before each House of the Oireachtas. | ||
(4) The Service shall, as soon as practicable after copies of the annual report are laid before the Houses of the Oireachtas under subsection (3), arrange for the report to be published on its website. | ||
(5) The annual report shall contain information in relation to— | ||
(a) progress regarding implementation of the strategy statement published under section 22 , | ||
(b) trends and developments in markets for the provision of credit to borrowers, and | ||
(c) such other matters as the Minister may specify. | ||
(6) The annual report may include a summary from which borrowers cannot be identified of— | ||
(a) applications for review made by borrowers, | ||
(b) decisions of the Service, and | ||
(c) recommendations of the Service, | ||
under section 26 . | ||
(7) The Service may, from time to time, prepare and submit to the Minister such other reports in relation to the activities of the Service as it considers appropriate. | ||
(8) The Minister may require the Service, by direction in writing, to prepare and submit to him or her, not later than such date as the Minister specifies in the direction, a report in relation to any other matter relating to the functions of the Service as the Minister considers appropriate. | ||
(9) The Service shall comply with a direction under subsection (8). | ||
(10) This section shall not operate to require the Service to include information in the annual report or other report referred to in this section that, in its opinion, would prejudice the performance by the Service of its functions. |