Oireachtas Joint and Select Committees

Wednesday, 1 March 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Investment Funds: Discussion

Photo of Peadar TóibínPeadar Tóibín (Meath West, Aontú) | Oireachtas source

In other words, the primary legislation might come a cropper in the context of contracts that have already been agreed and it would follow that those contracts would come within the remit of that legislation. A regulation could change, and all contracts would have to be in compliance with that regulation. We could achieve the same thing in a regulatory fashion. This would mean that we would not be hamstrung by those contracts.

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