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.