Investor Compensation Act, 1998

Amendment of section 17 of Stock Exchange Act, 1995.

72.Section 17 of the Stock Exchange Act, 1995 , is hereby amended by the insertion after subsection (2) of the following subsection—

“(3) (a) The Bank may arrange for the publication of notices in any of the newspapers circulating in the State or elsewhere or in the Iris Oifigiúil where the Bank reasonably believes that a company registered in the State or any other person operating in the State is acting as a member firm or claiming or holding itself out to be a member firm without an authorisation as required in section 17 (2) of this Act.

(b) The Bank shall endeavour to provide the member firm with seven days notice of its intention to publish in accordance with paragraph (a) of this subsection.”.