Results 7,421-7,440 of 34,663 for speaker:Seán Fleming
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: We will note and publish this but the Deputy is noting he will want to revisit this item.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: The Deputy can bring the matter up again.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: Part of it.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: We note and publish that. It is an issue we will come back to. It will form part of our periodic report and feeds into the State claims issue as well. The next item of correspondence is No. 1944B from Mr. Mark Griffin, Secretary General, Department of Communications, Climate Action and Environment, providing follow-up information in respect of metropolitan area networks and mobile phone...
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: I also want to note that this matter has also been discussed with the Office of Public Works in recent days at the Oireachtas Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach. Next is correspondence No. 1949B from Martin Whelan, head of public affairs at the National Treasury Management Agency, providing a note on the Ireland Strategic Investment Fund, which is part...
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: It took us a bit of time to learn this. The NTMA has a commercial interest but it is through units, not shares. It is not a shareholder.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: It has up to €250 million. We are putting that on the public record, anyway.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: Yes, the letter goes on to say that some of the other investors that have units in this fund are Irish investors, including pension funds, trusts and local investment managers, while there are three international investors as well. The Irish investors include university trusts, union pensions, religious orders, construction worker pensions, pension funds of a number of Irish companies, and...
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: There is a strong link here.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: This is of interest to those who are watching this issue.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: Who is the shareholder in this company? There is probably a shelf company and the funding comes through sale of units in the investment.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: In other words, we still do not know who the shareholder of the company is.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: Correct.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: The Comptroller and Auditor General might be able to help us. Would a search of the Companies Registration Office tell us this information?
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: It is becoming even more interesting. What is the corporate structure of the Irish Infrastructure Fund, IIF? Is it likely to be unincorporated? The Comptroller and Auditor General does not know.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: Very well. We will send a quick note to the Oireachtas Library and Research Service asking it to find out who these are.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: This is very complicated.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: The NTMA is saying it does not have any shares, it just has a unit. That agency has given its answer on its involvement. Mr. McCarthy is right. To help the public to understand what is going on here, we will ask the Oireachtas Library and Research Service to look into it and give us what information it can. We are not suggesting there is anything wrong, but we would like to know what is...
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: Deputy Cullinane has googled it.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: Finally, it says the privately managed IIF is managed by AMP Capital, an international infrastructure investment fund manager, and Irish Life Investment Managers. They are the firms that manage it and receive fees for doing that.