Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I have an issue with only one of the amendments, namely, amendment No. 35. The fund will monitor and keep under review an investment strategy for the fund in accordance with section 39, but it excludes the directed investments. One cannot have a strategy for a directed investment because one has been directed to invest in a certain way. The amendment mentions monitoring and keeping under review an investment strategy for the fund. There is a need to monitor the directed investments of the fund and for a strategy in this regard, even if it is based on an advisory role. There seems to be a gap in the legislation in this respect.