Frank Fahey (Galway West, Fianna Fail)

It requires the disclosure of positions in financial instruments. As we have seen recently it is vital that investors with a significant investment in particular companies or banks should declare them and these should be known to the markets. Damage was done in that respect and it should not be repeated.

I wholeheartedly support this Bill and I hope the Labour Party, in becoming a more responsible party than it was in the past, will recognise the folly of its proposals when it tried to raid the fund to increase public expenditure when it was not in the best interests of the fund.

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