John O'Mahony (Mayo, Fine Gael)
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Question 117: To ask the Minister for Finance if he envisages any changes in the operation of the National Asset Management Agency in the context of EU approval; and if he will make a statement on the matter. [5187/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The official EU State aid notification relating to NAMA was submitted in December 2009 following extensive discussions with the European Commission. My officials are continuing consultations with the Commission to ensure that the design and the implementation of the NAMA Scheme will be consistent with EU State aid requirements. It is anticipated that the necessary approval will be secured in time for the transfer of the first assets under the scheme.