Oireachtas Joint and Select Committees

Tuesday, 11 November 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage

3:35 pm

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

I agree with the Minister of State that it is just a matter of ensuring what is in company law is also in this Bill. The problem for ourselves, when we get this number of amendments coming in late in the day, is that the first thing we ask ourselves is where the Department is coming up with this and why it is coming in like this. It is not clear. When we are informed, it is then our job to figure it out and the penny finally drops that this is just about ensuring it is more robust and making sure that what is in the companies legislation is transposed into this Bill. However, a little note of the type I have suggested would have saved myself and our office a lot of time, and would have helped us give better scrutiny of the Bill.

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