Results 43,001-43,020 of 46,456 for speaker:Simon Harris

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

Simon Harris: I move amendment No. 3:In page 12, to delete lines 26 and 27 and substitute the following:“ “investment company” has the same meaning as in Part 24 of the Companies Act 2014;”.

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

Simon Harris: I move amendment No. 4:In page 13, between lines 12 and 13, to insert the following:“ “special resolution”, in relation to an ICAV, means a resolution passed by not less than 75 per cent of the votes cast by the members of the ICAV as, being entitled to do so, vote in person or by proxy at a general meeting of the ICAV;”.This inserts the definition of "special...

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

Simon Harris: I move amendment No. 5:In page 15, line 7, after “office” to insert “or head office”.This is a technical correction to reflect that the Central Bank needs to be notified of any change in the head office of an ICAV as well as of a registered office, which need not always be the same thing.

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

Simon Harris: I move amendment No. 6:In page 24, line 32, after “subsection (1)” to insert “or (4)”.This corrects an error in section 27(5), which fails to take account of the fact that the Central Bank can impose conditions under both subsections (1) and (4).

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

Simon Harris: I move amendment No. 7:In page 25, to delete lines 16 to 26 and substitute the following:“Alteration in instrument of incorporation 31. (1) No alteration in the instrument of incorporation of an ICAV shall be made unless—(a) the alteration has been approved—(i) by ordinary resolution, or (ii) if the instrument of incorporation so requires, by a resolution passed by such...

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

Simon Harris: I move amendment No. 8:8. In page 51, between lines 6 and 7, to insert the following:“Fiduciary duties of directors of ICAVs 78. (1) Without prejudice to the provisions of any enactment (including this Act), a director of an ICAV shall owe the duties set out in section 79(“the relevant duties”) to the ICAV (and the ICAV alone). (2) The breach by a director of the...

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

Simon Harris: I move amendment No. 9:In page 51, between lines 6 and 7, to insert the following:“Statement of principal fiduciary duties of directors of ICAVs 79. (1) A director of an ICAV shall—(a) act in good faith in what the director considers to be the interests of the ICAV, (b) act honestly and responsibly in relation to the conduct of the affairs of the ICAV, (c) act in accordance...

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

Simon Harris: I move amendment No. 10:In page 54, to delete lines 36 to 40, and in page 55, to delete lines 1 and 2 and substitute the following:“Restrictions on directors of insolvent ICAVs82. (1) The provisions of Chapter 3 of Part 14 of the Companies Act 2014, and the other provisions of that Act relating to restrictions on directors of an insolvent company (within the meaning of section 818),...

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

Simon Harris: I move amendment No. 11:In page 55, between lines 2 and 3, to insert the following:“Disqualification of directors etc83. (1) The provisions of Chapter 4 of Part 14 of the Companies Act 2014, and the other provisions of that Act relating to the disqualification of a person from being appointed or acting as a director or other officer, statutory auditor, receiver or liquidator, or being...

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

Simon Harris: I move amendment No. 12:In page 55, to delete lines 37 and 38, and in page 56, to delete lines 1 to 3 and substitute the following:“(6) But where an election under subsection (4) has effect for a year—(a) one or more members of the ICAV holding, or together holding, not less than 10 per cent of the voting rights in the ICAV, or (b) the auditor of the ICAV, may require the ICAV...

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

Simon Harris: I move: "That Report Stage be taken now."

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

Simon Harris: I move amendment No. 1:In page 11, between lines 19 and 20, to insert the following:“(3) In relation to times before the coming into operation of the Companies Act 2014 references in this Act to any provision of that Act have effect as references to the corresponding provisions of any enactment to be repealed by that Act.”.I thank Deputies for their assistance in getting the...

Seanad: Commencement Matters: Organised Crime (28 Jan 2015)

Simon Harris: I thank Senator Heffernan for raising this Commencement matter. I am speaking on behalf of the Minister for Justice and Equality who sends her apologies that she is not able to be present here today due to other business. The Minister has asked me to thank the Senator for raising this very important issue. The Senator has raised issues concerning cross-Border co-operation between our own...

Seanad: Commencement Matters: Organised Crime (28 Jan 2015)

Simon Harris: I thank the Senator again and reiterate my comment that I will ask the Minister for Justice and Equality to revert to him on the cross-Border element, which she will be able to discuss with him in more detail than I can. I restate the Government's ongoing and steadfast commitment to tackling organised crime. While the challenges posed by organised crime are clear, we are continuing to see...

Seanad: Commencement Matters: Organised Crime (28 Jan 2015)

Simon Harris: The final point I would make on providing the members of the Garda Síochána with the physical infrastructure to go about their jobs is that the Government has recommenced recruitment of members of the Garda in Templemore. This development is welcome on all sides of the House, I am sure. In the most recent budget we made provision for more Garda cars. In the period 2012-15 the...

Seanad: Commencement Matters: Bank Charges (28 Jan 2015)

Simon Harris: I thank the Senator for raising this important issue. He is right in saying it is timely given that at this time of year people tend to review their finances and look at ways of reducing costs and saving money. I will address the issue of advertising and provision of information first. The Central Bank's consumer protection code of 2012 provides that a regulated entity must provide the...

Seanad: Commencement Matters: Bank Charges (28 Jan 2015)

Simon Harris: I thank the Senator for raising this important issue. It is also important to acknowledge that the Government is in the business of getting out of banking ownership. We are in the business of returning banks to the private sector over a sustained period of time and getting back as much money as we possibly can, much of which was pumped into the banks by the last Government and some by this...

Written Answers — Department of Public Expenditure and Reform: Office of Public Works Properties (28 Jan 2015)

Simon Harris: The Office of Public Works (OPW) is responsible for the management of a significant proportion of State owned property assets, including Heritage estate and certain prestige properties, in all parts of the country.For the purposes of this Question however, the type of properties covered in the response requires to be defined: by including the term "Heritage buildings" in his Question, it is...

Written Answers — Department of Public Expenditure and Reform: Flood Prevention Measures (28 Jan 2015)

Simon Harris: The problem of flood risk in Ireland is being addressed through the Office of Public Work's Catchment Flood Risk Assessment and Management (CFRAM) Programme. This is a major national programme under which the most comprehensive assessment of flood risk in the country to date is being undertaken. The purpose of the CFRAM Programme is to: - assess and map the existing and potential...

Topical Issue Debate: Flood Relief Schemes Status (27 Jan 2015)

Simon Harris: I thank Deputy McCarthy giving me the opportunity to address the House on this matter. I also thank him for his kind words. We have had an opportunity engage in a number of schemes in west Cork over the past number of months and I am pleased the Clonakilty scheme is progressing, as is the Skibbereen scheme. Along with Deputy McCarthy's Oireachtas colleagues, I was grateful to meet with the...