160. (1) If the Bank has given a notice under section 157 and the remedial step has not been taken on or before the date specified in that notice for the purposes of section 158(1)(e), the Bank may, 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) specify the ground for striking the ICAV off,

(b) specify the remedial step,

(c) specify the date on or before which the remedial step must be taken, and

(d) state that, unless that remedial step is taken on or before the date so specified, the Bank may strike the ICAV off and, if the Bank does so, the ICAV will be dissolved.

(3) The date to be specified for the purposes of subsection (2)(c) shall be a date falling not less than 28 days after the date of publication of the notice.