Ossian Smyth (Dún Laoghaire, Green Party) | Oireachtas source

This set of amendments features minor changes of a technical nature that which my Department, with the assistance of the CRU has assessed are necessary to prevent the over-recovery of funds due to the unintended double-counting of moneys owed to the market cap fund. The issue of over-recovery only recently came to light during the consultation process the CRU carried out with industry. The amendments solve the problem in the methodology which resulted in double-counting. They are also drafted to ensure compliance with Article 6(3) of the Council regulation (EU) 2022/1854 and to prevent any circumvention by companies on their obligations to comply with the measure.