Seán Haughey (Dublin North Central, Fianna Fail)

There has been protracted discussions between my Department and the alliance on all of these issues and satisfactory safeguards have been put in place with regard to oversight. We have given this serious consideration. There is absolute co-operation between the alliance and the Department and these things are dealt with in a spirit of co-operation. The consent of the Minister will be provided for in legislation if the Bill is passed. It will be taken into account and acted upon by the alliance and by the fund manager.