Pearse Doherty (Donegal, Sinn Fein)
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Very well. That deals with just one of the issues I have raised. Will this legislation cater for the requirement to register a principal place of residence in Ireland and the need to make annual returns and financial statements? There is a huge dearth of transparency around these funds. We have raised these structures on numerous occasions and we welcome the provisions on beneficial ownership. However, I have also raised three other areas; the place of business in Ireland, the annual returns and the financial statements. Could the Minister of State elaborate on those three areas?