Charles Flanagan (Laois, Fine Gael) | Oireachtas source

The Deputy is correct insofar as this involves intense negotiation and ongoing monitoring with the Department of Finance. However, in terms of access to registers, the intention is that the articles will be transposed in accordance with the fourth directive, which means that there will be access to the companies register by competent authorities, the financial intelligence unit, FIU, and anyone who can show what is termed a legitimate interest. The FIU and competent authorities will have access to the trust register. That may be subject to modification, taking account of the further requirements of the fifth directive, which will come into force in late July.