Irish Collective Asset-management Vehicles Act 2015
|
Public notice in case of voluntary strike off | ||
|
162. (1) As soon as practicable after the receipt of an application by an ICAV to be struck off that satisfies the conditions set out in section 161 the Bank shall, by publishing a notice in Iris Oifigiúil that complies with subsection (2), give public notice of the Bank’s intention to strike the ICAV off the register of ICAVs. | ||
(2) The notice shall— | ||
(a) state that the ICAV has applied to be struck off, | ||
(b) state— | ||
(i) that any person may deliver to the Bank an objection to the striking off of the ICAV in such form as may be specified by the Bank, and | ||
(ii) that any such objection must be confined to the ground that one or more of the conditions set out in section 161 (1) have not been satisfied, | ||
(c) specify the period within which such an objection may be delivered to the Bank, and | ||
(d) state that, unless the Bank has received— | ||
(i) an objection to the striking-off of the ICAV within that period, being an objection that the Bank sustains, or | ||
(ii) a request for the cancellation of the process of strike off in accordance with subsection (4), | ||
the Bank may strike the ICAV off the register of ICAVs and, if the Bank does so, the ICAV will be dissolved. | ||
(3) The period to be specified for the purposes of subsection (2)(c) shall be the period ending 90 days after the date of publication of the notice. | ||
(4) Within the period specified for the purposes of subsection (2)(c), the ICAV may request of the Bank, by delivering to the Bank a notice in that behalf in such form as may be specified by the Bank, the cancellation of the process of its being struck off the register of ICAVs. |