Robert Troy 'embarrassed' that he 'misinterpreted' the rules

Robert Troy with Micheál Martin. Mr Troy said he had 'misinterpreted' the rules on declarations of assets. Picture: Collins Photos

Minister of state for trade regulation, Robert Troy, has apologised a second time for not declaring property interests to the Standards in Public Office Commission (Sipo), and said he is “embarrassed” he had "misinterpreted" the rules.

Mr Troy, who has come under intense pressure over the past 10 days regarding his transparency about the buying and selling of properties, and his rental of others, said the “root of the issue” is the fact that he had “misinterpreted” the rules on declarations of assets.