Oireachtas Joint and Select Committees

Tuesday, 11 November 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage

2:20 pm

Photo of Simon HarrisSimon Harris (Wicklow, Fine Gael) | Oireachtas source

I move amendment No. 19:


In page 55, between lines 7 and 8, to insert the following:"Copies of instruments creating charges to be kept
97. (1) An ICAV shall keep a copy of every instrument creating any charge in relation to it and requiring registration under this Part, including, in the case of a judgment mortgage, a copy of the relevant judgment mortgage document that was received by the Bank.
(2) All such copies kept by the ICAV shall be kept at the same place.
(3) Such copies shall be kept at the same office as the register of members is kept and shall be open during business hours to the inspection of any member or creditor of the ICAV without charge.
(4) If default is made in complying with subsection (1) or (2), the ICAV concerned and any officer of it who is in default commits a category 3 offence.".

Comments

No comments

Log in or join to post a public comment.