Simon Harris (Wicklow, Fine Gael) | Oireachtas source

I understand amendments Nos. 2 and 10 will be discussed together. Amendment No. 2 provides that a director must disclose in his or her statement, required under section 10 for registration of an ICAV, if he or she is disqualified under the law of another country from acting as a director or secretary of an entity. The amendment effectively provides for the insertion of section 23 of the Companies Act 2014 in the ICAV Bill.

Amendment No. 10 is a technical amendment consequential on amendment No. 2. It modifies the text on company law disqualification of directors' rules to take account of the relevant statutory reference in relation to ICAVs, namely, the fact that directors are being disqualified under the law of another state.

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