Irish Collective Asset-Management Vehicles Act 2015


Particulars relating to directors to be shown on all business letters

68. (1) Subject to subsection (2), an ICAV shall, in all business letters on or in which the ICAV’s name appears and which are sent by the ICAV to any person, state in legible characters in relation to every director the following particulars:

(a) the director’s present forename, or initials, and present surname;

(b) any former forenames and surnames of the director;

(c) the director’s nationality, if not Irish.

(2) If special circumstances exist which render it in the opinion of the Bank expedient that such an exemption should be granted, the Bank may, subject to such conditions as it may think fit, grant exemption from the obligations imposed by subsection (1) .

(3) If an ICAV makes default in complying with this section, the ICAV and any officer of it who is in default commits a category 3 offence.

(4) For the purposes of this section—

(a) “director” includes a shadow director and “officer” shall be construed accordingly;

(b) “initials” includes a recognised abbreviation of a forename;

(c) subsection (9) of section 65 shall apply as it applies for the purposes of that section.