Liam Twomey (Wexford, Fine Gael) | Oireachtas source

We now turn to scrutiny of COM (2015) 63 - Green Paper on building a capital markets union. I welcome Mr. Peter Brown, lecturer at the Institute of Investing & Financial Trading, and Dr. Constantin Gurdgiev, an economist at Trinity College Dublin. The format of this session will be the same as the previous one. Mr. Brown and Dr. Gurdgiev will make opening remarks, which will be followed by a question-and-answer session to clarify any matters.

I remind members, witnesses and those in the public gallery that all mobile phones must be switched off. I draw the attention of witnesses to the fact that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to the committee. However, if they are directed by the committee to cease giving evidence on a particular matter and they continue to so do, they are entitled thereafter only to a qualified privilege in respect of their evidence. They are directed that only evidence connected with the subject matter of these proceedings is to be given and they are asked to respect the parliamentary practice to the effect that, where possible, they should not criticise or make charges against any person, persons or entity by name or in such a way as to make him, her or it identifiable.

Members are reminded of the long-standing parliamentary practice to the effect that they should not comment on, criticise or make charges against a person outside the House or an official either by name or in such a way as to make him or her identifiable. I invite Mr. Brown to make his opening remarks.