Bernard Durkan (Kildare North, Fine Gael)
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232. To ask the Minister for Finance the degree to which he and his Department continue to monitor the activities of investment funds here with particular reference to the need to ensure that their activities are strictly in accordance with their operational licence; and if he will make a statement on the matter. [4871/24]

Michael McGrath (Cork South Central, Fianna Fail)
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While the Minister for Finance has overall responsibility for policy matters in relation to the investment funds sector, the Central Bank of Ireland is the responsible statutory body for the authorisation and supervision of investment funds established in Ireland.

Further details on the legislation, authorisation process, supervision process, regulatory requirements, guidance and other relevant matters pertaining to regulated investment funds can be found on the following page of the Central Bank website:www.centralbank.ie/regulation/industry-market-sectors/funds

As Ireland's independent financial services regulator the Central Bank of Ireland operates an assertive risk-based approach to supervision which is supported by a credible threat of enforcement, with the overall objective of ensuring financial stability, consumer protection and market integrity.