Kieran O'Donnell (Limerick East, Fine Gael)

I move amendment No. a1l:

In page 4, between lines 26 and 27, to insert the following:

""(cb) at the end of each year the Fund shall provide accounts for both its investments made in the normal course of its business and its 'directed investments' pursuant to this Act.",".

The Minister gave an assurance in the House that he would direct the National Treasury Management Agency to give the maximum amount of information in terms of the directed investments in the banks. It is extremely important that this would be defined and that a separate section of the report would specifically deal with the overall investment rather than there merely being extracts in terms of the main report. I hope that the Minister of State will qualify the assurance given on that basis. I would like to hear his view on this. We would be willing to withdraw the amendment in the spirit of co-operation.

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