Seanad debates

Friday, 6 November 2020

Investment Limited Partnerships (Amendment) Bill 2020: Report and Final Stages

 

9:30 am

Photo of Alice-Mary HigginsAlice-Mary Higgins (Independent) | Oireachtas source

I will come to the 25% issue in a moment; it is dealt with in a separate set of amendments. In that circumstance, there may be a number of beneficial owners in respect of a company or investor.

My wider concern is about the disappearance of the limited partners and the fact that the limited owners may effectively be in that corporate space. I think it would be better if a person were identified for each investor in that context. That would be the natural follow-through on it. Perhaps that can be looked at in the Dáil. I accept the Minister of State's bona fides on this matter. I still feel the problem is there, but I feel that my amendments might not address it in the right way and so I will withdraw my amendment.

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