A Sinn Féin bill to remove a rule which prevents the Financial Services Ombudsman from hearing complaints about financial products that have been sold more than six years from the date of complaint has passed the final stage in the Dáil.

Sinn Féin's finance spokesman Pearse Doherty said previously thousands of consumers have been prevented from having their complaint heard because of the so called "six-year-rule".

The Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014 passed the final stage last night and will now proceed to the Seanad.

Mr Doherty paid tribute to department officials and his own party members who had worked on the bill.

Minister of State Eoghan Murphy acknowledged the work of Mr Doherty and the co-operation of Fianna Fáil's finance spokesman Michael McGrath.