Pádraig Mac Lochlainn (Donegal North East, Sinn Fein)
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To ask the Minister for Finance further to his announcement of introducing legislation to give effect to Real Estate Investment Trusts, if he will outline the way in which REITs will be regulated here; the persons that will be responsible for regulation and the competencies and qualifications needed for appropriate regulation of REITs. [1781/13]

Michael Noonan (Limerick City, Fine Gael)
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The details of the legislation which will provide for Real Estate Investment Trust (REIT) status for qualifying public limited companies will be published in Finance Bill 2013.

An Irish REIT will be subject to relevant provisions of the Companies Acts, and will be required to comply with the requirements of various European Directives including the Prospectus Directive, Transparency Directive, Market Abuse Directive and the Markets in Financial Instruments Directive (MiFID).