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)
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I move amendment No. 66:


In page 75, between lines 20 and 21, to insert the following:“Supplementary High Court orders
142.In ordering that an ICAV be restored to the register of ICAVs under section 138or 141, the High Court may do any of the following:
(a) except to the extent that the High Court makes an order under paragraph (c), give such directions as it thinks fit for placing the ICAV and all other persons as nearly as possible in the same position as if the ICAV had not been struck off the register of ICAVs;
(b) direct the ICAV to change its name if the name of the ICAV is too similar to the name of another ICAV already on the register of ICAVs;
(c) if and to the extent that it thinks fit, order that the officers of the ICAV, or any one or more of them as specified in the order, shall be liable for a debt or liability incurred by or on behalf of the ICAV during the period when it stood struck off the register of ICAVs;
(d) make any other order that it thinks fit.”.