NTMA and SICAV legislation
Deputy Durkan asks about legislation for the NTMA investment arm and open-ended investment companies. The Taoiseach says both are expected later in the year, although the NTMA Bill’s heads have not reached Government.
In respect of legislation to provide for the investment arm of the NTMA and amend the National Treasury Management Agency Act 1990, have the heads of the Bill been discussed yet and when will it come before the House given the importance of that piece of legislation in the context of the discussion last week? Another equally important piece of legislation is the openended investment company (SICAV) Bill, which is in accordance with the requirements set out in the IFSC strategy. Have the heads of that Bill been discussed and when will the Bill come before the House?
Comment on this
There are a couple of Departments involved in the investment company (SICAV) Bill. The heads are being prepared and it will come before the House later this year, as will the NTMA legislation. The heads of the latter Bill have not come to Government.
Comment on this
Deputy Bernard Durkan is in power so he should get on with it.
Comment on this
Deputy Durkan won the election. He should get on with it.