My question concerns the markets in financial instruments Bill 2017. Has the relevant Department assessed, in light of this and the EU Markets in Financial Instruments Directive, MiFID II, the long-term implications for Ireland as a financial services centre in light of certain functions transferring from national authorities to be now conducted by pan-European authorities? Can this be included for consideration in pre-legislative scrutiny?

I presume this legislation, which is on the priority list, will proceed in the normal way to have pre-legislative scrutiny. That is the norm, unless the committee were of the view that it did not require it. Subject to confirmation for the Deputy, I presume it will proceed through the normal pre-legislative scrutiny.