Seán Sherlock (Cork East, Labour) | Oireachtas source

The purpose of these amendments is to exclude securitisation-type companies from the audit exemption criteria. Securitisation companies are companies that are either registered financial vehicle corporations within the meaning of Article 1.2 of FVC Regulation (EC) No. 24/2009 of the European Central Bank or financial vehicles engaged solely in activities where economic participation is by way of debt or other corresponding instruments which do not provide ownership rights in the financial vehicle as are provided by the sale of units or shares.