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
3:55 pm
Simon Harris (Wicklow, Fine Gael)
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I move amendment No. 54:
In page 75, between lines 20 and 21, to insert the following:“Public notice of intention to strike company off register
130.(1) If the Bank has given a notice under section 127and the remedial step has not been taken on or before the date specified in that notice for the purposes of section 128(1)(e), the Bank may, by publishing a notice in the IrisOifigiúilthat complies with subsection (2), give public notice of the Bank’s intention to strike the ICAV off the register of ICAVs.(2) The notice shall —(a) specify the ground for striking the ICAV off,(3) The date to be specified for the purposes of subsection (2)(c)shall be a date falling not less than 28 days after the date of publication of the notice.”.
(b) specify the remedial step,
(c) specify the date on or before which the remedial step must be taken, and
(d) state that, unless that remedial step is taken on or before the date so specified, the Bank may strike the ICAV off and, if the Bank does so, the ICAV will be dissolved.