Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

The amendments seek to alter section 8 of the Bill to ensure flexibility of the day-to-day management and control of the fund. During drafting, it was intended that there would be freedom to invest in Irish sovereign debt and other financial instruments and products such as short-term bonds. However, the current wording does not adequately provide for this. The proposed amendment also ensures consistency of language between provisions.