Trustee (Authorised Investments) Act, 1958
Variation by order of authorised investments· |
2.—(1) The Minister for Finance may by order vary by addition or deletion— | |
(a) the investments specified in section 1 of the Trustee Act, 1893, as amended by section 1 of this Act, or | ||
(b) where those investments have been varied by order under this subsection, those investments as so varied. | ||
(2) Where an order is proposed to be made under this section, a draft thereof shall be laid before each House of the Oireachtas and the order shall not be made until a resolution approving of the draft has been passed by each such House. | ||
(3) Before laying, pursuant to subsection (2) of this section, a draft before each House of the Oireachtas, the Minister shall consult— | ||
(a) a Judge of the High Court nominated by the Chief Justice, | ||
(b) the Governor of the Central Bank, | ||
(c) the Public Trustee, | ||
(d) the Chairman of the Irish Banks' Standing Committee, | ||
(e) the President of the Incorporated Law Society of Ireland, | ||
(f) the President of the Dublin Stock Exchange, and | ||
(g) the President of the Cork Stock Exchange in regard to the terms of the proposed order. |