A new party called Independent Ireland has been registered with the election authority.
The new group aims to have Cork South-West TD Michael Collins as its party leader and Limerick County TD Richard O’Donoghue TD as its general secretary.
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The Electoral Commission has approved the new party to run candidates in general, local and European elections.
The group will only become Ireland’s 27th political party after a 21-day appeal period lapses, or after the outcome of any appeals.
The formal notification was published on Friday in the official Irish State gazette, Iris Oifigiuil, the Electoral Commission said.