Section 31 on dealing in securities and section 37 on matching foreign exchange gains and losses on certain assets are also targeted at facilitating a strong international financial services industry. Ireland has also become a successful international centre for fund management. A feature of this sector in Ireland is that a high proportion of the business is fund administration. Our strategy is to build on this by encouraging more fund promoters to locate their investment management function here, in addition to their fund administration operations. In this regard, section 51 removes a technical obstacle to achieving this goal by providing that a tax liability on a foreign fund will not arise solely because of the activity of the Irish agent acting on its behalf.