Results 7,381-7,400 of 34,616 for speaker:Seán Fleming
- 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.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: It is.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: Exactly. It took about three letters to get to this point, but anyway.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: We are not letting them go. We will ask the Oireachtas Library and Research Service to give us a paper on this. We will ask the service to check with the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach and find out what information is already available through that source so it does not duplicate its work. We will note and publish that. No. 1949B has been dealt...
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: That is good. No. 1952B concerns the national children's hospital. We will hold off on that for a minute. The following items relate to the national children's hospital: Nos. 1954B, No. 1955B, No. 1956B, No. 1957B and No. 1960B. We will discuss those in a minute. No. 1961B also concerns the national children's hospital, which we will discuss in a minute. Included in the category C...
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: Deputy Connolly raised another issue on the previous day.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: Yes.
- Public Accounts Committee: Business of Committee (14 Feb 2019)
Seán Fleming: On the previous day Deputy Connolly asked why the panel was allowed to expire.