Investor Compensation Act, 1998
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Amendment of section 21 of Act of 1995. |
58.—Section 21 of the Act of 1995 is hereby amended in subsection (1)— | |
(a) in paragraph (e) by the insertion after “authorised investment business firms” of “, former authorised investment business firms, proposed investment business firms or investment business firms” and the paragraph as so amended is set out in the Table to this paragraph. | ||
TABLE | ||
(e) directors and those responsible for the management of authorised investment business firms, former authorised investment business firms, proposed investment business firms or investment business firms, | ||
(b) in paragraph (f) by the insertion after “acting as” of “or on behalf of” and the paragraph as so amended is set out in the Table to this paragraph. | ||
TABLE | ||
(f) any person purporting to act or whom the supervisory authority reasonably believes is acting as or on behalf of an investment business firm, | ||
(c) by the insertion after paragraph (f) of the following paragraph: | ||
“(g) directors of that investment business firm or those responsible for the management of that investment business firm who have failed to co-operate with an authorised officer appointed under section 64 of this Act as amended by section 48 of the Central Bank Act, 1997 , or an inspector appointed under sections 66 , 67 or 73 of this Act,”, | ||
and | ||
(d) in subsection (5) by the substitution for “which said direction shall have immediate effect,” of “the direction shall have effect from the date specified by the supervisory authority, and”. |