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S.I. No. 570/2004 - Investor Compensation Act 1998 (Section 18(4)) (Prescription of Bodies and Individuals) Regulations 2004

S.I. No. 570 of 2004

Regulations

INVESTOR COMPENSATION ACT 1998 (SECTION 18(4)) (PRESCRIPTION OF BODIES AND INDIVIDUALS) REGULATIONS 2004

Made by the

Minister for Finance

S.I. No. 570 of 2004

INVESTOR COMPENSATION ACT 1998 (SECTION 18(4)) (PRESCRIPTION OF BODIES AND INDIVIDUALS) REGULATIONS 2004

I, Charlie McCreevy, Minister for Finance, in exercise of the powers conferred on me by section 18(4) of the Investor Compensation Act 1998 (No. 37 of 1998) (as amended by the Central Bank and Financial Services Authority of Ireland Act 2003 (No. 12 of 2003)), hereby make the following regulations:

1.  These Regulations may be cited as the Investor Compensation Act 1998 (Section 18(4)) (Prescription of Bodies and Individuals) Regulations 2004.

2.   For the purposes of section 18(4) of the Investor Compensation Act 1998 (No. 37 of 1998) (as amended by the Central Bank and Financial Services Authority of Ireland Act 2003 (No. 12 of 2003)), the following bodies and individuals are prescribed as bodies and individuals that appear to the Minister to represent the interests of clients of investment firms:

(a)              The Consumers Association of Ireland;

(b)              The Office of the Director of Consumer Affairs;

(c)              Ms Ann O'Neill, Solicitor, Abercorn Solicitors, 38 Pembroke Road, Dublin 4;

(d)              Mr. Gerry Shanahan, Deputy National Secretary, MSF (Manufacturing Science Finance), 15 Merrion Square, Dublin 2;

(e)              Ms Inge Clissmann, P.O. Box 4460, Law Library Building, 158/9 Church Street, Dublin 7.

3. The Investor Compensation Act 1998 (Section 18(4)) (Prescription of Body and Individuals) Regulations 2002 ( S.I. No. 147 of 2002 ) are revoked.

GIVEN under my Official Seal,

27th September 2004

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Charlie McCreevy

Minister for Finance

EXPLANATORY NOTE.

(This note is not part of the Instrument and does not purport to be a legal interpretation).

The purpose of these Regulations is to provide for the nomination of two persons for appointment as directors of the Investor Compensation Company Ltd.