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
3:05 pm
Simon Harris (Wicklow, Fine Gael)
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I know where the Deputy is coming from. We need to provide flexibility to present the information in accordance with the format and practices in the country where most of the investment is made. What I am trying to do through the entire section which was not included in the Bill as published, based on concerns I heard people like the Deputy express, is to have an extra layer in place to ensure these standards meet the true and fair test. It is not something the country is obligated to do as yet under EU law; therefore, we are being proactive. If the Deputy wishes to table amendments on Report Stage, I will certainly look at them.