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Northern Ireland First Minister Michelle O’Neill has apologised for going to the funeral of a senior IRA member while COVID restrictions were in place.

Ms O’Neill, who was deputy first minister at the time, signalled her remorse for her actions during the latest hearings at the coronavirus inquiry.

In June 2020, Ms O’Neill went to the funeral of Bobby Storey who joined the IRA as a teenager and was arrested numerous times.

Bobby Storey, a former leading IRA member, died earlier this month
Image:
Bobby Storey. Pic: PA

He was supportive of the peace process in Northern Ireland, and later served as Sinn Fein’s northern party chair.

The 64-year-old died following a failed lung transplant, with a funeral taking place in Belfast.

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A large crowd gathered for Bobby Storey's funeral procession
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Thousands gathered for Bobby Storey’s funeral procession. Pic: PA

Thousands gathered for the procession – including many Sinn Fein politicians – and there was vocal criticism from political rivals claiming COVID regulations were breached.

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Speaking to the inquiry, Ms O’Neill said: “I know that my actions also angered the families and for that I’m truly sorry. I am sorry for going and I’m sorry for the harm that’s been caused after (it).

Following questioning, Ms O’Neill said she did not think her actions would have sparked anger at the time “but I ought to have”.

“I’ve said it publicly on a number of occasions about how sorry I am and I am absolutely, from the bottom of my heart, sorry.

“I do accept wholeheartedly that I in some way damaged our Executive relations with colleagues who had been working very hard with me the whole way through, and I also accept wholeheartedly that I damaged the public health messaging and I had work to do to regain that.”

“Sorry” no longer the hardest word for Northern Ireland’s first minister


David Blevins - Senior Ireland correspondent

David Blevins

Senior Ireland correspondent

@skydavidblevins

Michelle O’Neill faced fierce criticism for attending the funeral of IRA leader Bobby Storey during the global pandemic.

With thousands lining the route, the then deputy first minister had breached the power-sharing government’s own COVID restrictions.

At the time, Ms O’Neill, who is deputy leader of Sinn Fein, said she would “never apologise for attending the funeral of a friend”.

Four years later, and sorry no longer seems to be the hardest word for Northern Ireland’s first minister.

She asked if she could address bereaved relatives directly but was told she was there to give evidence.

Not once, but twice, the first minister said she was “sorry” – “sorry from the bottom of my heart”.

During the pandemic, unionists preferred to take their lead from Westminster, but nationalists looked to the Irish government.

But Ms O’Neill told the inquiry she “absolutely refutes” any suggestion she was playing politics during the pandemic.

A subsequent report found the Police Service of Northern Ireland prioritised public safety over coronavirus restrictions at the funeral – but did so without showing bias.

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At the time, Ms O’Neill said she would never apologise for attending the funeral of a “friend”.

She faced calls to stand aside from unionist politicians, including Traditional Unionist Voice leader Jim Allister.

He said at the time: “In light of the fact that Ms O’Neill is today present with many hundreds of others at the funeral of Bobby Storey her position is untenable.

“Her conduct is grossly offensive and insulting to the many law-abiding people who have made the huge sacrifice of foregoing a normal funeral as they said farewell to family members who died recently.”

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SEC clears DTCC to offer securities market tokenization service

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SEC clears DTCC to offer securities market tokenization service

The US Securities and Exchange Commission has given a subsidiary of the Depository Trust and Clearing Corporation (DTCC) a highly coveted “no-action” letter, allowing it to offer a new securities market tokenization service.

The DTCC said on Thursday that its subsidiary, the Depository Trust Company (DTC), was given the go-ahead to launch “a new service to tokenize real-world, DTC-custodied assets in a controlled production environment.”

The DTC will tokenize a “set of highly liquid assets” including the Russell 1000 index, exchange-traded funds tracking major indexes, US Treasury bills, bonds and notes, with the service expected to roll out in the second half of 2026.

The DTCC runs crucial market infrastructure, providing clearing, settlement and trading of US securities. The SEC no-action letter gives it an important sign-off on its plan, confirming that the agency won’t take enforcement action if its proposed product operates as described.

“I want to thank the SEC for its trust in us,” said DTCC CEO Frank La Salla. “Tokenizing the US securities market has the potential to yield transformational benefits such as collateral mobility, new trading modalities, 24/7 access and programmable assets.”

SEC clearing up gray areas with no-action letters

The DTCC said the no-action letter allows its subsidiary “to offer a tokenization service for DTC Participants and their clients on pre-approved blockchains for three years.”

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“DTC will have the ability to tokenize real-world assets, with the digital version having all the same entitlements, investor protections and ownership rights as the asset in its traditional form,” it said. 

The SEC rarely gives no-action letters, but SEC chair Paul Atkins, a former crypto lobbyist, has warmed to the industry and has outlined how crypto products fall under his agency’s regime.