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

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

I move amendment No. 58:


In page 75, between lines 20 and 21, to insert the following:“Effect of removal and dissolution
134.(1) The liability, if any, of an officer or member of an ICAV that has been dissolved under section 133(4)shall continue and may be enforced as if the ICAV had not been dissolved.
(2) Nothing in this section or in section 133*shall affect the power of the High Court to wind up an ICAV that has been struck off the register of ICAVs or dissolved under that section.
(3) For the purposes and the purposes only of —
(a) an application for the restoration of the ICAV to the register of ICAVs under section 137or 138, or
(b) in so far as is necessary for the making of such an application (or the doing of anything required by or under Chapter 2to be done consequent on the making of it),
an ICAV shall be deemed not to have been dissolved under section 133.
(4) Subsection (3)shall not be read as authorising the dealing with, or the exercising of control over, any property that has become the property of the State pursuant to Part III of the.”.