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Leaders' Questions (29 Jan 2015)

Simon Harris: He does not have that function.

Leaders' Questions (29 Jan 2015)

Simon Harris: That was a long minute.

Seanad: Commencement Matters: Disabled Drivers and Passengers Scheme (29 Jan 2015)

Simon Harris: I thank Senator Conway for raising this matter. I am speaking on behalf of the Minister for Finance who regrets that he is unable to be present due to other business. The Minister very much appreciates the importance of the issue the Senator raises. As a tax concession, the disabled drivers and disabled passengers scheme falls within the remit of the Department of Finance. I will first...

Seanad: Commencement Matters: Disabled Drivers and Passengers Scheme (29 Jan 2015)

Simon Harris: Senator Conway is correct. As we enter a period of economic recovery and as that recovery takes hold, even though it is still fragile, it is appropriate that we begin a debate about what one does with economic recovery, and I welcome the fact that the Senator has raised the issue. However, this is a matter that the Department of Finance keeps under constant review but the Senator will...

Written Answers — Department of Public Expenditure and Reform: State Properties (29 Jan 2015)

Simon Harris: I propose to take Questions Nos. 66 and 67 together. The Commissioners of Public Works own the premises off Eyre Street in Newbridge from which the Social Protection services are currently delivered. When the Department of Social Protection relocate to their new premises in Newbridge, the Eyre Street property will be refurbished and allocated to another State service.

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Simon Harris: I move amendment No. 25:In page 95, to delete lines 22 to 27 and substitute the following:“149. (1) The provisions of Part 11 of the Companies Act 2014, and the other provisions of that Act relating to the winding up of Companies (including, in particular, provisions about summary approval procedure) apply, subject to the necessary modifications and the specific modifications specified...

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Simon Harris: I move amendment No. 26:In page 97, line 35, to delete “a director” and substitute “at least 2 directors”.Amendments Nos. 26 and 27 are required because section 56 of the Irish Collective Asset-management Vehicles, ICAV, Bill stipulates that an ICAV needs to have at least two directors so the reference at section 154D to the appointment of one director only is...

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Simon Harris: I move amendment No. 27:In page 103, line 28, to delete “a director” and substitute “at least 2 directors”.

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Simon Harris: I move amendment No. 28:In page 104, between lines 23 and 24, to insert the following: “PART 12 INVESTIGATIONS, COMPLIANCE AND ENFORCEMENTInvestigations 168. (1) The provisions of Part 13 of the Companies Act 2014, and the other provisions of that Act relating to investigations of companies, apply, subject to necessary modifications and the specific modifications specified in...

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Simon Harris: I move amendment No. 29:In page 104, between lines 23 and 24, to insert the following:“Compliance orders 169. (1) This section applies if an ICAV or an officer of an ICAV—(a) has failed to comply with a provision of this Act, and (b) the ICAV or officer has failed to remedy the default within 14 days (or such longer period as may be specified in the notice) after the date of...

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Simon Harris: I move amendment No. 30:In page 104, between lines 23 and 24, to insert the following:“Restraining directors and others from removing assets 170. (1) The High Court may make an order restraining a director or other officer of an ICAV, or an ICAV, from—(a) removing his or her or the ICAV’s assets from the State, or (b) reducing his or her or the ICAV’s assets...

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Simon Harris: I move amendment No. 31:In page 104, between lines 23 and 24, to insert the following: “Agency with responsibility for enforcement of offences171. (1) The Bank may instigate summary proceedings for offences under sections 6(5), 7(3) and (4), 8(3), 10(6), 18(6), 21(5), 22(4), 28(3), 30(2), 31(3) and (5), 33(3), 36(2), 39(4), 42(3), 43(4), 46(4), 49(4), 50(5), 55(7), 66(4) and (5),...

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Simon Harris: I move amendment No. 32:In page 104, between lines 23 and 24, to insert the following:“District court district within which summary proceedings may be brought 172. (1) Summary proceedings against an ICAV or an officer of an ICAV acting in his or her capacity as such (or a person purporting to so act) for an offence under this Act may be brought, heard and determined—(a) before...

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Simon Harris: I move amendment No. 33:In page 104, between lines 23 and 24, to insert the following:“Application of other provisions relating to offences 173. (1) Sections 867 and 870 of the Companies Act 2014 shall apply in relation to offences under this Act as in relation to offences under that Act.(2) Section 868 of that Act shall apply in relation to an ICAV as in relation to a company. (3)...

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Simon Harris: I move amendment No. 34:In page 104, between lines 23 and 24, to insert the following:“Special provisions applying where default in delivery of documents to Bank 174. (1) The Bank may deliver a notice that complies with subsection (2) to a person if the Bank has reasonable grounds for believing that the person is in default in the production or delivery to, or filing with, the Bank of...

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Simon Harris: I move amendment No. 35:In page 104, between lines 23 and 24, to insert the following:“General offences 175. Sections 876(1) and (3), 877 and 878 of the Companies Act 2014 have effect as if the references to a company included an ICAV and the references to that Act included this Act.”.

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Simon Harris: I move amendment No. 36:In page 104, between lines 23 and 24, to insert the following:“Evidential matters 176. (1) Sections 879 to 886 of the Companies Act 2014 have effect as if references to that Act (or Parts 1 to 15 of that Act) included this Act. (2) In the application of section 886(6) in relation to a declaration that purports to be made in pursuance of or for the purposes...

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Simon Harris: I move amendment No. 37:In page 104, to delete lines 26 to 29 and substitute the following:“Mergers involving ICAV 168. (1) An ICAV authorised under the UCITS Regulations may, in accordance with the provisions of the UCITS Regulations, merge with any other UCITS.(2) An ICAV authorised under UCITS Regulations which is the merging UCITS in relation to a merger for the purposes of the...

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Simon Harris: I move amendment No. 38:In page 105, to delete lines 22 to 31.

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Simon Harris: I move amendment No. 39:In page 105, to delete lines 32 to 34.

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