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Establishment and membership of the Investments Advisory Committee.
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2.—(1) As soon as conveniently may be after the passing of this Act, the Minister shall establish a Committee (in this Act referred to as the Committee) which shall be styled and known as the Investments Advisory Committee and shall fulfil the functions assigned to it by this Act or any Act amending or extending this Act.
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(2) The Committee shall consist of the following five persons, that is to say:—
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(a) The Chairman of the Currency Commission;
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(b) a Judge of the High Court nominated by the Chief Justice;
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(c) a person nominated by the Minister after consultation with the Committee of the Dublin Stock Exchange;
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(d) a person nominated in the prescribed manner by or on behalf of the Shareholding Banks;
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(e) a person nominated by the Minister.
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(3) The Chairman of the Currency Commission shall be the Chairman of the Committee.
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(4) Every member of the Committee (other than the Chairman of the Currency Commission) shall, unless he sooner dies or resigns or, in the case of the member nominated by the Chief Justice, ceases to be a Judge of the High Court, hold office as a member of the Committee for two years from the date of his nomination and shall be eligible for renomination at or in anticipation of the expiration of his term of office.
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