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
Simon Harris (Wicklow, Fine Gael)
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I move amendment No. 32:
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.
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.".