13. (1) An ICAV complies with this section if the following conditions are met.

(2) The first condition is that the ICAV and its instrument of incorporation comply with the requirements of this Act and any requirements imposed by or under this Act or any other enactment.

(3) The second condition is that the registered office and head office of the ICAV are situated in the State.

(4) The third condition is that the ICAV has at least 2 directors.

(5) The fourth condition is that the name of the ICAV complies with section 29.