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

3:45 pm

Photo of Simon HarrisSimon Harris (Wicklow, Fine Gael)
Link to this: Individually | In context | Oireachtas source

A process is gone through before the bank revokes the authorisation, which ensures that the funds are returned to the appropriate investors in the fund before the authorisation is revoked. It is not a matter of striking off the ICAV and leaving investors in the fund to fend for themselves.