Oireachtas Joint and Select Committees
Tuesday, 15 November 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2016: Committee Stage (Resumed)
2:00 pm
Stephen Donnelly (Wicklow, Social Democrats)
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I have looked back through the Bill and I think the Minister of State said that the potential loophole whereby a vulture fund listed its loans as a residential-backed mortgage security will not be allowed and that it would not be able to list its loans in this way to avail of the exemption by virtue of not being the loan originator. Is that correct?