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)
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I move amendment No. 15:


In page 55, between lines 7 and 8, to insert the following:"Register of charges
93. (1) The Bank shall keep, in relation to each ICAV, a register of the charges requiring registration under this Part, and shall, on payment of the fee (if any) prescribed under section 32E of the Central Bank Act 1942, enter in the register, in relation to such charges, the following particulars:
(a) without prejudice to paragraphs (d) and (e), in the case of a charge created by the ICAV, the date of its creation and—
(i) where the procedure for registration under section 88(3) is complied with, the date and time of receipt by the Bank under that provision of such particulars of the charge, in such form, as is specified by the Bank, and
(ii) where the procedure for registration under section 88(4) is complied with, the respective dates and times of receipt by the Bank of the notices under paragraphs (a) and (b) of that provision in relation to the charge;
(b) without prejudice to paragraphs (d) and (e), in the case of a charge existing on property acquired by the ICAV, the date of the acquisition of the property by the ICAV;
(c) without prejudice to paragraphs (d) and (e), in the case of a judgment mortgage, the date of the mortgage’s creation and the date and time, in relation to it, of receipt by the Bank, under section 92(2), of the particulars specified by the Bank in such form as is so specified, together with the relevant judgment mortgage document referred to in that provision;
(d) short particulars of the property charged; and
(e) the persons entitled to the charge.
(2) The register referred to in subsection (1) shall be kept in such form as the Bank considers appropriate and shall be made available for inspection free of charge on a website maintained or used by the Bank.".