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

I agree with the Minister of State and welcome the amendment to the legislation. However, when we are looking at our regulatory body to oversee this issue, we should make it as simple as possible. I am open to being convinced in asking to have these funds apply international standards. The debate globally is moving towards the use of international standards. There is resistance to this from established practices in the United States and some of the larger countries. I would be interested in hearing from those who operate this type of plc system whether complying with international standards is onerous. I cannot see how it is. It will, however, make the job of interpreting much simpler with the fair amendment tabled by the Government. We may come back to the issue on Report Stage.