Oireachtas Joint and Select Committees
Wednesday, 22 October 2025
Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach
Israeli Bond Programme: Discussion (Resumed)
2:00 am
Mr. Gerry Cross:
-----relation to Brexit. It is Q&A 16.1. There are lots of scenarios given. It states:
In ESMA’s view, the choice of home Member State under PR Article 2(m)(iii) should be made only once. As such, except where either of the specific circumstances described in that provision arises [that is specifically in relation to Brexit], a third country issuer’s choice of home Member State under that provision is definitive.
It is basically saying it has now become part of your DNA.
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