Politician(s) lobbied: Robert Troy (Minister of State), Department of Finance
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
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Stamp duties
Politician(s) lobbied: Unknown
Intent: Unknown
Methods: Unknown
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Unknown
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 by Method
Method not specified
Stamp duties
Politician(s) lobbied: Unknown
Intent: Unknown
Methods: Unknown
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Unknown
Politician(s) lobbied: Unknown
Intent: Unknown
Methods: Unknown
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Politician(s) lobbied: Michael McGrath (Minister), Department of Finance
Intent: To further discuss the topic with the Department of Finance.
Methods: Letter
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On 9 November 2023
Method not specified
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
Method not specified
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.
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
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On 21 September 2023
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acting as Financial Market Infrastructure
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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.
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
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See details in section 'intended results'
Politician(s) lobbied: Unknown
Intent: Unknown
Methods: Unknown
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Politician(s) lobbied: Unknown
Intent: Unknown
Methods: Unknown
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