Results 43,361-43,380 of 46,267 for speaker:Simon Harris

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Simon Harris: I move amendment No. 1: In page 10, between lines 9 and 10, to insert the following:“ “Community act” means an act adopted by an institution of the European Union;”.This amendment is technical and serves to define "Community act" as an act adopted by a European institution. It is necessary to facilitate the charges and debentures provisions to be added later by...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Simon Harris: I move amendment No. 2: In page 10, line 21, to delete “section 155 of the Companies Act 1963” and substitute “section 8 of the Companies Act 2014”.Amendment No. 2 is technical and reflects the fact that the Companies Bill 2012 will be enacted imminently. The cross-reference to the definition of "holding company" will, in all likelihood, be out of date by the time...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Simon Harris: I move amendment No. 3: In page 10, between lines 32 and 33, to insert the following:“ “officer”, in relation to an ICAV, includes a director or secretary;”.This is a technical amendment to clarify the meaning of "officer" to include directors and secretaries of ICAVs and to define the register of ICAVs as the register kept by the banks under section 14 which...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Simon Harris: I move amendment No. 4: In page 10, between lines 35 and 36, to insert the following:“ “register of ICAVs” means the register kept by the Bank under section 14;”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Simon Harris: I move amendment No. 5: In page 11, line 12, to delete “section 155 of the Companies Act 1963” and substitute “section 7 of the Companies Act 2014”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Simon Harris: I move amendment No. 6: In page 16, between lines 17 and 18, to insert the following:“(2) The Bank shall keep up-to-date the register referred to in subsection (1) so that it reflects any alterations in the instrument of incorporation, changes in the situation of the registered office or head office and changes in the persons who are directors or secretaries of the ICAV.”.I did...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Simon Harris: On section 14, I wish to flag to the committee that I expect to bring forward amendments to this section on Report Stage to tidy up some oversights in the current draft. I expect to revert to this section on Report Stage.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Simon Harris: Yes.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Simon Harris: I thank the Deputy for his question. I have to be clear. We are not authorising things that are not already authorised in terms of UCITS, AIFs or the likes. We are putting a new vehicle in place for them to operate. Currently, there simply is not a well-fit vehicle for them to operate in. We already have a situation where there are similar such mechanisms as we are trying to put in place...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Simon Harris: Yes.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Simon Harris: It will either be a UCITS or an AIF, which are two different mechanisms.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Simon Harris: It has to be one or the other, and this is simply outlining that if one is an AIF, one has not gone through the UCITS regulations. One needs to go through this process to be authorised as an ICAV.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Simon Harris: It is more favourable from the investor's point of view but it does not impact negatively on the Irish taxpayer because it allows the investor, and I am sure this will arise later, to avail of the check the box rule in the United States which allows the investor to be taxed on an ongoing basis instead of deferring a tax and being taxed at a higher rate in the US afterwards. The big benefit...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Simon Harris: I wish to flag to the committee that this is an area on which I may bring amendments on Report Stage. It concerns changes to the instrument of incorporation and I will revert to the committee on Report Stage.

Written Answers — Department of Public Expenditure and Reform: Office of Public Works Properties (11 Nov 2014)

Simon Harris: There are 63 recorded deaths in Kilmainham Gaol in the relevant Famine period. It is not clear however that any of these deaths are directly attributable to famine causes and cannot therefore be definitively described as such. While the figure would seem low compared to the number of deaths throughout the country at the time, it possibly reflects that, bad though the conditions were in the...

Written Answers — Department of Public Expenditure and Reform: National Monuments (11 Nov 2014)

Simon Harris: There are no proposals currently for a new carpark to be provided at the Dun Aonghusa site on Inis Mór. Dun Aonghusa is an extremely popular tourist destination and attracted 105,539 visitors in 2013.During busy summer months in particular, this causes a certain amount of congestion at the site, particularly on the private access road leading from the nearby public road to the visitor...

Finance Bill 2014: Second Stage (Resumed) (6 Nov 2014)

Simon Harris: I would like to pick up on the point on which Deputy Michael Creed left off, in regard to the potential for a dialogue of the deaf. While it may seem like that, I have attended this debate over the past three days and I believe it has largely been a constructive engagement. It was unfair of Deputy Róisín Shortall to suggest that Government Deputies did not participate. The list...

Other Questions: Public Procurement Contracts (6 Nov 2014)

Simon Harris: I am pleased to hear that Deputy McDonald hopes to attend the Meet the Buyer event. I have made a point of inviting every Member of the Oireachtas to the event and if the Deputy is not in a position to attend there will be more events. It is very important to allow an opportunity for SMEs to interact first-hand with the public service buyers and for us as policy-makers to see that...

Other Questions: Public Procurement Contracts (6 Nov 2014)

Simon Harris: I agree with much of what the Deputy says and she is correct. Aside from capital projects the State spends about €23 million a day on purchasing goods and services. It is a very significant contribution to the domestic economy and to the flow of money around the domestic economy. There is also an issue with SMEs needing to know that the public procurement process is open to them....

Other Questions: Public Procurement Contracts (6 Nov 2014)

Simon Harris: I thank the Deputy for her question and I note her ongoing interest in issues of procurement. The main purpose of the EU public procurement regime is to open up the market and ensure the free movement of supplies, services and works within the EU, having regard to Treaty of Rome principles including transparency, proportionality and equal treatment. This is the rationale that shapes the...