Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Act 2009
Amendment of section 6 (functions of Commission) of Principal Act. |
3.— Section 6 of the Principal Act is amended— | |
(a) in subsection (1)(a) by inserting “and sections 19A and 19B” after “Fund investment policy”, | ||
(b) in subsection (1)(c) by substituting “securities issued under section 54 (1) of the Finance Act 1970 ,”, for “Irish government securities,”, | ||
(c) by inserting after subsection (1)(c)— | ||
“(ca) to accept funds or assets for the benefit of the Fund from sources other than the Central Fund, if so directed by the Minister,”, | ||
(d) in subsection (1)(k) by substituting “Fund, and” for “Fund.”, | ||
(e) by inserting after subsection (1)(k)— | ||
“(l) to advise the Minister, whenever the Minister so requests, on any matter about which the Minister proposes to give a direction under section 19A or 19B.”, | ||
(f) in subsection (2)(e) by substituting “its functions,” for “its functions.”, and | ||
(g) by inserting after subsection (2)(e)— | ||
“(f) comply with a direction by the Minister under section 19A or 19B, | ||
(g) act as an underwriter, lead manager or arranger, or in any other similar capacity (whether alone or with another person or undertaking on a joint, several or joint and several basis), in relation to the issue of securities of any kind, and | ||
(h) form a Commission investment vehicle or cause a Commission investment vehicle to be formed.”. |