Sipo’s legislation will be revised after the Michael D’Arcy case, Taoiseach tells Dáil



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A review of the legislation governing the Standards Commission in the Public Office (Sipo) will take place in the wake of the Michael D’Arcy case, the Taoiseach told Dáil.

The controversy over the change of D’Arcy, a former minister of state, to a new post at the Irish Association of Investment Managers (IAIM) continued Tuesday with criticism from opposition politicians and complaints filed with Sipo.

Policy towards the fund sector would be overseen by the Finance Department, where Mr. D’Arcy was Minister of State until the beginning of this year.

It was also revealed Tuesday that D’arcy, who did not contact Sipo before announcing his move, has now contacted Sipo.

In Tuesday’s Dáil, Taoiseach Micheál Martin said that he believed there should be an effective cool-down period. Mr. Martin said he was “not happy or in any way comfortable” with people taking up a position in an area for which they had responsibility immediately before or recently.

“Any period of reflection must have the force of law” and be subject to sanctions, he said.

“I do not approve of a former minister holding a position for which he was responsible as an incumbent,” Martin said.

In a statement at lunchtime, Tánaiste Leo Varadkar said that “it is appropriate for anyone, be it a former minister or any other relevant person, to engage with Sipo on matters like this.”

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