Oireachtas Joint and Select Committees

Thursday, 12 December 2019

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Investment Limited Partnerships (Amendment) Bill 2019: Committee Stage

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

Very well. That deals with just one of the issues I have raised. Will this legislation cater for the requirement to register a principal place of residence in Ireland and the need to make annual returns and financial statements? There is a huge dearth of transparency around these funds. We have raised these structures on numerous occasions and we welcome the provisions on beneficial ownership. However, I have also raised three other areas; the place of business in Ireland, the annual returns and the financial statements. Could the Minister of State elaborate on those three areas?

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