Patrick O'Donovan (Limerick County, Fine Gael) | Oireachtas source

It is great and is a sign of things to come.

With regard to the question on the Apple tax appeal, I am not going to refer to an individual company but I would point out that is not a matter for the Tax Appeals Commission but is an EU matter. I am sure that if there are specifics the Senator wishes to raise with the Minister for Finance at another opportunity, he would be delighted to respond.

In the context of the overview of the prospectus regulations, I reiterate that the threshold exempting securities offerings from the requirement to issue a prospectus is being increased from the current €5 million limit to €8 million, as provided for in the regulation. Given the increased offer threshold, and following consultation with the Central Bank of Ireland, additional disclosure requirements are to be inserted into the local offer regime to improve the investor protections currently available in section 1361 of the 2014 Act.

I thank the House for facilitating the debate on Second Stage. It will either be the Minister, Deputy Donohoe, or the Minister of State, Deputy D'Arcy, who will take the Bill through Committee Stage and Report and Final Stages.