Fergus O'Dowd (Louth, Fine Gael) | Oireachtas source

I move amendment No. 35:

In page 40, line 23, to delete "Fund" and substitute "assets of the Fund (other than directed investments)".

These are all technical amendments. Amendments Nos. 35 and 37 clarify that directed investments, namely, funds invested in the banks at the direction of the Minister for Finance, are outside the investment strategy for the fund. The Minister is responsible for the investment in the banks. The text inserted by amendment No. 35 means the text picked up in amendment No. 37 can be deleted. Amendment No. 38 is another textual amendment.