Paul Gavan (Sinn Fein) | Oireachtas source

I move amendment No. 70:

In page 57, between lines 8 and 9, to insert the following: “Prohibition on investment in undertakings operating without a legal basis

76. (1) (a) The Authority shall ensure that assets of a relevant AE provider scheme are not directly or indirectly invested in undertakings carrying out business in a territory where there is not a legal basis to do so.

(b) Where the Authority becomes aware that an undertaking in which the assets of a relevant AE provider scheme are, or becomes, directly or indirectly invested in an undertaking referred to in paragraph (a), the relevant AE provider shall divest the assets from such investment as soon as practicable.

(c) For the avoidance of doubt, a territory referred to in paragraph (a) shall be construed to mean an occupied territory.”.