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

I move amendment No. 36:

In page 40, line 24, after "determining" to insert "and reviewing".

This clarifies that the Ireland Strategic Investment Fund's investment strategy does not apply to directed investments, which is the point we have been discussing. It is a drafting amendment to pick up on the use of the word "review" in subsection 40(1), which states the agency is to determine, monitor and keep under review an investment strategy for the fund. Subsection (2) as published sets out what the agency must take into account in determining the investment strategy. There is a slight textual inconsistency between the two subsections. The amendment means subsection (2) will refer to the agency determining and reviewing.