Stephen Donnelly (Wicklow, Independent)
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268. To ask the Minister for Finance further to the submission for approval in April 2014 to the European Commission of the acquisitions of approximately €47 billion of par value loan acquisitions by the National Asset Management Agency, if he will provide an update on that approval; if the Commission has communicated any issues or problems to NAMA; and if he will make a statement on the matter. [34249/14]

Michael Noonan (Limerick City, Fine Gael)
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On July 29, 2014 the European Commission published its decision for case SA.38562 regardingthe transfer of tranches 3 - 9 of assets to NAMA.  As was the case in previous transfers of assets to NAMA, the European Commission raised no objection to the transfer.

The European Commission decision is available on the European Commission website at  .  The European Commission intends to publish the full text of the decision in due course.