Simon Harris (Wicklow, Fine Gael) | Oireachtas source

I thank Deputies, particularly Deputy McGrath and Deputy Doherty, for their constructive engagement on this Bill. I thank my officials also who put a great deal of work into what is as we discussed on many occasions a largely technical but very important piece of legislation. It is important in terms of this country's competitiveness and trying to attract international financial investment to this country that we continue to make sure we have a good offering. This Bill offers a good new product that many of our competitors have previously offered but it does so in a responsible fashion and in a way that is cognisant of the Companies Act and cognisant of transposing, where appropriate, elements of the Companies Act, and recognising where an ICAV is different from a company.

I thank everybody for a very constructive engagement. I take on board the points made by Deputy McGrath and Deputy Doherty. I like to think I have taken on board suggestions they made during the debate on this legislation, particularly with regard to the inclusion of the provision regarding an auditor. I look forward to this legislation going to the Seanad and, following the Seanad's consideration, being signed by the President as quickly as possible. It is an important Bill.

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