The Irish Financial Services Appeals Tribunal (IFSAT)
Notice seeking expressions of interest
The Minister for Finance is now seeking expressions of interest from suitably qualified people for appointment to the Irish Financial Services Appeals Tribunal (IFSAT).
The Irish Financial Services Appeals Tribunal was established in accordance with Section 28 of the Central Bank and Financial Services Authority of Ireland Act 2003. Further information on the Tribunal may be found at www.ifsat.ie
The role and functions of IFSAT
(1)The Appeals Tribunal is a quasi-judicial body which has jurisdiction to hear and determine –
(a)appeals made by affected persons against appealable decisions of the Regulatory Authority, i.e. the Central Bank of Ireland, and
(b)such other matters, or class of matters, as may be prescribed by any other Act or law.
(2)The Appeals Tribunal has power to do whatever is necessary for or in connection with, or reasonably incidental to, the exercise of its jurisdiction.
Membership of IFSAT
The Appeals Tribunal consists of the following members:
(iii)No fewer than one and no more than five lay members
The appointments will be for a five-year term commencing on 27 February 2013.
(1) Chairperson and Deputy Chairperson: A candidate is only eligible for consideration for appointment to either of these positions if the person is –
(a)a former judge of the Supreme Court or the High Court, or
(b)a barrister or solicitor of not less than seven years standing.
(2) Lay Members: A candidate is only eligible for consideration for appointment as a lay member of the Tribunal if the President is satisfied that the person has special knowledge or skill in relation to the provision of financial services.
A person is not eligible for appointment as a member if the person -
(a)is a member of either House of the Oireachtas or is, with the person’s consent, nominated as a candidate for election as such a member or is nominated as a member of Seanad Éireann, or
(b)is a member of the European Parliament or is, with the person’s consent, nominated as a candidate for election as such a member or to fill a vacancy in the membership of that Parliament, or
(c)is a member of a local authority or is, with the person’s consent, nominated as a candidate for election as such a member.
(1) The closing date for expressions of interest is 5.00pm on 8 February 2013.
(2) Expressions of interest should be e-mailed to firstname.lastname@example.org a CV and details of any actual or potential conflicts of interest. In considering expressions of interest due regard will be given to Government policy on gender balance on State boards.
(3) While all expressions of interest will be considered, appointments will not necessarily be confined to those who make expressions of interest in response to this or any other notice.
(4) Appointments will be made by the President on the advice of the Government.
(5) Persons expressing interest in candidature for membership of the Tribunal should familiarise themselves with the following:
The Code of Practice for the Governance of State Bodies