Michael D'Arcy (Fine Gael) | Oireachtas source

As we saw in a "Panorama" programme this week, where we have these quantities of finance, there is the potential for wrongdoing. We do not want that to happen in this jurisdiction.We want to know who the beneficial owners are. This legislation goes beyond what is required by European law. It is stronger, more open and more transparent than the equivalent systems in any other jurisdiction of which I am aware. I very much support that.

I have a single question. The requirement for PPS numbers in this regard is fine but how is the regulator to deal with investors who are not Irish?