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

3:15 pm

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

I move amendment No. 32:


In page 66, to delete lines 6 to 8 and substitute the following:"partnership constituted under the law of any country under which a partnership is a legal person.".
This is a technical amendment to tidy up section 105 so as to remove a superfluous paragraph and replace it with a clearer drafting to include the words, "the law of any country". Subsection (5) permits a partnership properly constituted under the law of the State or the law of another state to act as an auditor of the ICAV. It is not necessary to separately list Irish law and the laws of other jurisdictions. The proposed change results in a simpler and clearer text.

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