Simon Harris (Wicklow, Fine Gael) | Oireachtas source

I move amendment No. 18:

In page 77, line 9, to delete “subsection (4)” and substitute “this section”.

Amendment No. 18 is a correction to section 120 of the Bill which provides that the Central Bank may appoint an auditor to an ICAV in any circumstance where the ICAV has failed to appoint an auditor. Previously, the ICAV Bill 2014, as passed by the Dáil on Committee Stage, had only permitted the Central Bank to appoint an auditor to an ICAV where the ICAV had failed to appoint an auditor upon dispensing with an AGM, as required under section 84(4) of the ICAV Bill 2014. This amendment is aimed at ensuring the maintenance of appropriate accounting and auditing processes at all times within the ICAV.

See this speech in context