692. Deputy Pearse Doherty asked the Tánaiste and Minister for Finance the timeframe for the introduction of a requirement for a legal entity identifier on entities availing of the section 110 designation. [60994/26]

753. Deputy Pearse Doherty asked the Tánaiste and Minister for Finance the timeframe for the introduction of legislation to enable the Revenue Commissioners to publish a list of SPEs availing of the section 110 regime of the Taxes Consolidated Act 1997. [60992/26]

I propose to take Questions Nos. 692 and 753 together.

The section 110 regime was designed to offer a tax neutral regime for certain securitisation transactions and to improve Ireland’s offering as a location for the conduct of financial services activities.

The Funds Sector 2030 Report, published in October 2024, made the recommendations referred to by the Deputy in respect of the section 110 regime to address issues around transparency in the sector. A broad review of the section 110 regime is being carried out by my Department in conjunction with a major domestic project to reform Ireland’s taxation regime for interest. The two recommendations raised by the Deputy, in addition to other issues raised by industry representatives, are being considered as part of this review.

In addition, trilogues on the revision of the EU securitisation framework are ongoing and it is hoped that political agreement on the file will be obtained before the end of the year while Ireland hosts the Presidency of the Council of the EU. My officials will monitor any changes relevant to our securitisation regime as part of the above review.