Paddy Burke (Fine Gael) | Oireachtas source

In the third paragraph, the Minister of State says it all. The Irish market relies upon a CSD based in the United Kingdom operated under the CREST settlement system. Once the UK becomes a third country under the relevant European legislation, the central securities depository, Euroclear UK & Ireland, may no longer be able to provide a service into Ireland, so it has to find a new provider. The Minister has outlined in great detail how all of that will happen.

On section 8, in respect of the calling quorums, there are new ways of holding corporate meetings now and they are done online and through conference calls and all that.When a quorum is called, will people have to be present physically or will it be possible to have a quorum through a conference call, etc.? I would like clarification on that issue. I welcome the Bill.