Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Does Mr. Crowley know the answer or is he just going to repeat that point over and over? The prospectus states:

On the basis of disclosures elsewhere in this Prospectus the Seller is a regulated credit institution which is an originator for the purposes of Article 4 of the CRR and will retain in accordance with Article 405 of the CRR a net economic interest for the purposes of the securitisation. Accordingly the transactions should be a "CMBS/RMBS transaction" and therefore exempt from the documented deductibility restrictions pursuant to Finance Acts 2016 and 2017.

We worked hard to close down this loophole so that mortgages that went into section 110 companies would not be tax-free.