Oireachtas Joint and Select Committees

Tuesday, 11 November 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage

2:50 pm

Photo of Simon HarrisSimon Harris (Wicklow, Fine Gael)
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Yes. Again, I am providing in this group of amendments a specific offence where a director of the ICAV fails to comply with the "true and fair" test. I know what the Deputy means but I do not believe it is as flippant as the directors simply saying: "Well, they are fair, they are true". These are well-established accounting practices and they have been-----