S.I. No. 612/2023 - Investor Compensation Act 1998 (Prescription of Bodies and Persons) (Amendment) Regulations 2023

1. (1) These Regulations may be cited as the Investor Compensation Act 1998 (Prescription of Bodies and Persons) (Amendment) Regulations 2023.

(2) These Regulations shall come into operation on 21 January 2024.

2. The

Investor Compensation Act 1998

(Prescription of Bodies and Persons) Regulations 2015 (

S.I. No. 395 of 2015

) are amended, in Regulation 2, by the substitution of the following paragraphs for paragraphs (d) and (e)

“(d) Angela Black;

(e) Eoin Motherway.”.

GIVEN under my Official Seal,

5 December, 2023.

MICHAEL MCGRATH,

Minister for Finance.

EXPLANATORY NOTE

(

This note is not part of the Instrument and does not purport to be a legal interpretation.

)

The purpose of these Regulations is to provide for the nomination of persons for appointment as directors of The Investor Compensation Company DAC.

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of

8

th December,

2023.

I, MICHAEL MCGRATH, Minister for Finance, in exercise of the powers conferred on me by

sections 5

(3) and

18

(4) (as amended by

section 35

(1) of the

Central Bank and Financial Services Authority of Ireland Act 2003

(No. 12 of 2003)) of the

Investor Compensation Act 1998

(No. 37 of 1998), hereby make the following regulations