Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

There is a lot in that. I have a question on the involuntary strike-off of an ICAV and the robustness with which the Central Bank can act in this regard. We know the three criteria which have to be met. Section 126 sets out the grounds for dealing with an unauthorised ICAV, and refers to not having authorisation by the end of the 12 month period and so on. It seems as though a process has to be followed which can take a considerable period of time. Is view that it is robust enough to protect people who invest money in funds which are managed by ICAVs and so on? A public notice will be issued in cases of voluntary strike-off. That is not the case in an involuntary strike-off because there is usually notice with which the ICAV can comply. In some cases it is not a case of compliance, rather, it is a notice that it will be struck off. What type of protection is in place for individuals?