Investment Limited Partnerships (Amendment) Act 2020

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Supplemental amendment of section 8 of Act of 1994

11. Section 8 of the Act of 1994 is amended by the insertion of the following subsection after subsection (8):

“(8A) In addition to the power to refuse to authorise an investment limited partnership under the preceding, or any other provision, of this section, the Bank may refuse to authorise an investment limited partnership if, in the opinion of the Bank, the name that is specified in the application to be an alternative foreign name in respect of the partnership is undesirable, but an appeal against a refusal so to authorise shall lie to the Court.”.