Dáil Éireann Debate, Tuesday - 9 July 2013
180. Deputy Andrew Doyle asked the Minister for Finance his views on the recent vote of the European Parliament that voted against curbing fund managers bonuses; the way this move affects Ireland's position on Undertakings for Collective Investment in Transferable Securities Directives; and if he will make a statement on the matter. [33461/13]
View answerThe recent vote in the European Parliament on aspects of the UCITS V proposal has no immediate effects. The UCITS V proposals will be determined by the co-decision process between the Council and the European Parliament and the shape of any final UCITS V Directive remains to be seen. Discussions within the Council on the proposal are still at a relatively early stage and it would not be appropriate for me to pre-empt those discussions or future negotiations between the Council and the European Parliament on this issue.
