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Lobbying Records (Page 1 of 1)
2025-01-20
Politician(s) lobbied: Michael J. McGrath (Assistant Secretary), Department of Finance; Eugene Creighton (Assistant Secretaries or Equivalent Grades), The Office of the Revenue Commissioners
Intent: Create awareness with the Irish Department of Finance that the Irish stamp duty creates a competitive disadvantage for EU based Central Securities Depositories suggesting the broadening of the ADR exemption for dual-listed Irish shares to address this disadvantage and create a level playing field for all Central Securities Depositories.
Methods: Email
Details & Methods:
| Method | Description |
|---|---|
| — | Stamp duties |
2024-01-11
Politician(s) lobbied: Michael McGrath (Minister), Department of Finance
Intent: To further discuss the topic with the Department of Finance.
Methods: Letter
Details & Methods:
| Method | Description |
|---|---|
| — | On 9 November 2023 |
| — | we submitted a letter to the attention of Mr Michael McGrath as a follow up of our letter previously sent on 21 Sept (to Mr Michael J McGrath). In this new letter |
| — | we reiterated our concerns with regards to the current stamp duty leglislation as well as highlighted our support to the Euronext Dublin's proposal to get stamp duty exemption for trading in Irish shares listed on the Atlantic Securities Market (ASM) operated by Euronext Dublin. |
2024-01-11
Politician(s) lobbied: Michael J. McGrath (Assistant Secretary), Department of Finance
Intent: To obtain a meeting in person to discuss this matter in more detail.
Methods: Letter
Details & Methods:
| Method | Description |
|---|---|
| — | On 21 September 2023 |
| — | acting as Financial Market Infrastructure |
| — | we addressed a letter to Mr Michael J McGrath of the Department of Finance in which we expressed our concern regarding the stamp duty legislation and the effect that is having in connection with certain Irish Issuers' changes to their listing arrangements. |
2023-09-11
Politician(s) lobbied: Fiachra Quinlan (Assistant Secretary General), Department of Enterprise, Trade and Employment; Fiona O'Dea (Assistant Secretary General), Department of Enterprise, Trade and Employment
Intent: We received the drafted legislation on 15th May from the former chairman of the demat committee (Brian Healy) to receive our input. Acting as Issuer CSD, Euroclear sent an official letter on 26th May to the attention of Fiachra Quinlan (copying Fiona O Dea) at the Department of Enterprise, Trade and Employment (DETE) with our feedback on the drafted legislation. On 6th July, we received the final version of the legislation where a number of our points were effectively considered.
Methods: Letter
Details & Methods:
| Method | Description |
|---|---|
| — | See details in section 'intended results' |
2019-09-26
Politician(s) lobbied: Michael J. McGrath (Assistant Secretary), Department of Finance
Intent: To ensure that the Irish legal framework supports a sound migration of securities from EUI to EB and operation of the new issuer CSD going forward
Methods: Meeting, Conference Call
Details & Methods:
| Method | Description |
|---|---|
| — | Discussions regarding possible changes to Irish legislation (regarding Stamp Duty |
| — | Companies Acts and Withholding tax) to accommodate the change of Issuer Central Securities Depository from Euroclear Uk& Ireland (EUI) to Euroclear Bank (EB) in view of Brexit. |
2019-05-21
Politician(s) lobbied: Michael J. McGrath (Assistant Secretary), Department of Finance
Intent: Awareness on the need for public policy intervention to smoothen the transition to the new CSD solution
Methods: Meeting
Details & Methods:
| Method | Description |
|---|---|
| — | Irish Central Securities Depository (CSD) in EU following Brexit |
2019-04-30
Politician(s) lobbied: Michael J. McGrath (Assistant Secretary), Department of Finance
Intent: To ensure that the Irish legal framework supports a sound migration of securities from EUI to EB and operation of the new issuer CSD going forward.
Methods: Meeting
Details & Methods:
| Method | Description |
|---|---|
| — | Discussions regarding possible changes to Irish legislation (regarding Stamp Duty |
| — | Companies Acts and Withholding tax) to accommodate the change of Issuer Central Securities Depository from Euroclear Uk& Ireland (EUI) to Euroclear Bank (EB) in view of Brexit. |
2019-01-22
Politician(s) lobbied: Michael J. McGrath (Assistant Secretary), Department of Finance
Intent: Readiness of a solution for Irish securities settlement post- Brexit
Methods: Meeting
Details & Methods:
| Method | Description |
|---|---|
| — | Meeting with Michael McGrath and members of his office regarding stamp duty changes that may be required if Ireland is to move to a different central securities depository ('CSD') in view of Brexit (Euroclear UK & Ireland may not longer be allowed to act as Ireland's CSD post-Brexit |