Protected Disclosures Annual Report 2023 – National Asset Management Agency

Protected Disclosures Annual Report 2023 – National Asset Management Agency

Annual Report to be provided to the Minister for Public Expenditure, NDP Delivery and Reform, pursuant to Section 22 of the Protected Disclosures Act 2014, as amended

Section 22 of the Protected Disclosures Act 2014, as amended, requires the submission of certain information to the Minister and the publication of a report each year. This information is available here.

NAMA operates a Protected Disclosures Policy (“Policy”), which is reviewed and approved annually by the NAMA Board, most recently in June 2024. The Policy is published on the NAMA website here.

The Policy and related Procedures, promote principles of good corporate governance by providing a mechanism for the reporting and addressing of concerns about possible relevant wrongdoing within the meaning of the Protected Disclosures Act 2014, as amended. NAMA confirms that its Policy applies to all NAMA “workers” and makes provision for disclosure of relevant information either through internal reporting channels (through a line manager or the NTMA’s Head of Compliance or through the "Nominated Person", as defined in the Policy) or through or external reporting channels as set out in the Policy. If required, further information and a copy of the Procedures may be requested at ProtectedDisclosures@nama.ie

The NTMA Head of Compliance and the Nominated Person (where so advised) are then required to report to the Chairperson of the Audit Committee. The Audit Committee is responsible for (i) the ownership of the Policy, insofar as it relates to the functions of NAMA, (ii) oversight of its implementation with regard to these functions and (iii) oversight of investigations to include liaison with the NTMA Head of Compliance to ensure any reports received are properly evaluated and investigated.