Irish Collective Asset-management Vehicles Act 2015
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PART 11 Strike Off and Restoration | ||
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Chapter 1 Strike off of ICAV | ||
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When Bank may strike ICAV off register | ||
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155. (1) Except in the case of an application by an ICAV to be struck off the register of ICAVs, the Bank may strike an ICAV off the register of ICAVs if— | ||
(a) the ICAV is not an authorised ICAV, | ||
(b) there exists one or more of the grounds for striking off set out in section 156 , and | ||
(c) the Bank has followed the procedure set out in sections 157, 158, 160 and 163(1). | ||
(2) In the case of an application by an ICAV to be struck off the register of ICAVs, the Bank may strike the ICAV off the register of ICAVs if— | ||
(a) the ICAV is not an authorised ICAV, | ||
(b) the conditions for striking off set out in section 161 have been satisfied, and | ||
(c) the Bank has followed the procedure set out in sections 162 and 163(2). |