7. (1) An ICAV shall, at all times, have a registered office in the State to which all communications and notices may be addressed.

(2) An ICAV shall give notice in writing of any change in the situation of the registered office or head office of the ICAV, within 14 days after the date of the change, to the Bank which shall record that change.

(3) If an ICAV fails to comply with subsection (1), the ICAV and any officer of it who is in default commits a category 2 offence.

(4) If an ICAV fails to comply with subsection (2), the ICAV and any officer of it who is in default commits a category 3 offence.