Pearse Doherty (Donegal South West, Sinn Fein)
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We could tease that out further but will probably deal with it again on Committee Stage.

Issues have been raised relating to the Securitisation Special Purpose Vehicles, SSPVs, in this Bill. When I saw them in the heads of the Bill, I submitted a parliamentary question to the Department. In his response, the Minister drew my attention to a link to the ECBH website because I asked him for a list of all of the SSPVs as I wanted to know who would be exempt. The link to the website listed financial vehicle corporations which I presume are different; perhaps the witnesses will clarify if they are the same. There were 20,000 of them based in Dublin, many of them at the same address. There are thousands at 5 Harbourmaster Place in Dublin. Some of the names appearing on the list to which the Minister drew my attention include Mars Capital and Atlas and are well known. I ask the witnesses to speak in more detail on that portion of the Bill. I also ask them to deal with the issue raised by the Oireachtas Library and Information Service regarding SSPVs that would not be engaged in loan servicing activities through contracting that work out to other third parties. Would they be exempt as a result? I ask the witnesses to clarify that too.