Stock Exchange Act, 1995
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Procedure on refusal to grant approval, etc. |
13.—(1) A proposed stock exchange on whom a notice has been served under section 9 (3) of this Act or an approved stock exchange on whom a notice has been served under section 12 (2) of this Act may, within 21 days of receipt of the notice, appeal to the Minister and the Minister shall consider any such appeal and may uphold or reject it. | |
(2) When considering an appeal under this section, the Minister shall consult with the Minister for Enterprise and Employment, the Bank and the proposed stock exchange or the approved stock exchange concerned as the case may be; provided that the period taken for consideration does not exceed three months. | ||
(3) If the Minister, with the consent of the Minister for Enterprise and Employment, upholds an appeal made under this section, he shall inform the Bank of his decision and shall publish notice of his decision in the Iris Oifigiúil within 28 days of such decision being communicated to the Bank and the Bank shall grant approval of the proposed stock exchange or consent to the proposed amendment of or addition to the memorandum of association, articles of association or rules of an approved stock exchange. | ||
(4) An appeal under this section shall be accompanied by the prescribed fee. | ||
(5) The Public Offices Fees Act, 1879, shall not apply to any fees charged under this section. |