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. 16:


In page 55, between lines 7 and 8, to insert the following:“Certificate of registration
94. (1) The Bank shall give a certificate of the registration of any charge registered in pursuance of this Part.
(2) Subject to subsection (3), such a certificate shall be conclusive evidence that the requirements of this Part as to the registration of the charge have been complied with.
(3) To the extent that the particulars of a charge delivered to the Bank in purported compliance with this Part omit the required particulars in respect of one or more properties to which the charge relates, the evidential effect of the certificate provided under subsection (2) shall not extend to the particular property or properties in respect of which that omission occurs.
(4) Without prejudice to the generality of the definition, in section 87, of that expression, in subsection (3) "property" includes an interest in, or right over, property.".