Simon Harris (Wicklow, Fine Gael) | Oireachtas source

I see what the Deputy means. Subsection (4) provides that the directors shall immediately reappoint the auditor or auditors or appoint a new auditor or auditors. Subsection (6) has been linked with subsection (4) for this reason, although one could validly argue that it could be linked with subsection (5). My reading of subsection (6) is that if the directors of an ICAV do not immediately reappoint auditors or appoint new auditors, it will fall to the bank to appoint a person or person to fill the vacancy.