Source: http://revisedacts.lawreform.ie/eli/2005/act/12/revised/en/html
Timestamp: 2019-09-21 09:09:48
Document Index: 285647952

Matched Legal Cases: ['art 1', 'arts 3', 'art 1', 'arts 3', 'art 1', 'ART 3', 'ART 4', 'art 4', 'art 4', 'ART 5', 'art 5', 'art 5', 'ART 6', 'art. 1', 'art 1', 'art 1', 'art. 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 5', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art. 3', 'art. 2', 'art. 2', 'art. 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 19', 'art 20', 'art 1', 'art 1', 'art 2', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 2', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 9', 'art 1', 'art 1', 'art 2', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'arts 3', 'arts 1', 'art 14', 'art 2', 'art 2', 'art 1', 'art 4', 'art 1', 'art 1', 'art 1', 'art. 57', 'art. 4', 'art 1', 'art. 4', 'art. 4', 'art. 2', 'art 1', 'art 4', 'art 1', 'art 1', 'art 3', 'art 1', 'art 2']

Number 12 of 2005
This Revised Act is an administrative consolidation of the Investment Funds, Companies and Miscellaneous Provisions Act 2005. It is prepared by the Law Reform Commission in accordance with its function under the Law Reform Commission Act 1975 (3/1975) to keep the law under review and to undertake revision and consolidation of statute law.
All Acts up to and including Judicial Council Act 2019 (23/2019), enacted 23 July 2019, and all statutory instruments up to and including Central Bank (Investment Market Conduct) Rules 2019 (S.I. No. 366 of 2019), made 22 July 2019, were considered in the preparation of this Revised Act.
Companies Acts : this Act is one of a group of Acts previously included within this generally applicable defined term ( Interpretation Act 2005 (23/2005), s. 21 and sch. part 1). The provisions of this Act included in the collectively defined term (Parts 3-6) were repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015, subject to transitional provisions in s. 5 and sch. 6.
Companies Acts 1963 to 2005 : this Act is one of a group of Acts previously included in this collective citation, to be construed together as one ( Investment Funds, Companies and Miscellaneous Provisions Act 2005 (12/2005), s. 1(2)). The provisions of this Act included in the collective citation (Parts 3-6) were repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015, subject to transitional provisions in s. 5 and sch. 6.
• Strategic Banking Corporation of Ireland Act 2014 (22/2014)
• National Lottery Act 2013 (13/2013)
• Microenterprise Loan Fund Act 2012 (31/2012)
• Multi-Unit Developments Act 2011 (2/2011)
• Financial Measures (Miscellaneous Provisions) Act 2009 (14/2009)
• National Oil Reserves Agency Act 2007 (7/2007)
• Company Law Enforcement Act 2001 (28/2001)
• Companies (Amendment) (No. 2) Act 1999 (30/1999)
• Economic and Monetary Union Act 1998 (38/1998)
• Investor Compensation Act 1998 (37/1998)
• Turf Development Act 1998 (26/1998)
• Irish Takeover Panel Act 1997 (5/1997)
• Stock Exchange Act 1995 (9/1995)
• Air Companies (Amendment) Act 1993 (38/1993)
• Irish Aviation Authority Act 1993 (29/1993)
• Social Welfare (Consolidation) Act 1993 (27/1993)
• Temple Bar Area Renewal and Development Act 1991 (19/1991)
• Companies Act 1990 (33/1990)
• Companies (Amendment) Act 1990 (27/1990)
• Trustee Savings Banks Act 1989 (21/1989)
• Forestry Act 1988 (26/1988)
• Transport (Re-Organisation of Córas Iompair Éireann) Act 1986 (31/1986)
• National Lottery Act 1986 (28/1986)
• Companies (Amendment) Act 1986 (25/1986)
• Designated Investment Funds Act 1985 (16/1985)
• Insurance (Miscellaneous Provisions) Act 1985 (8/1985)
• Insurance (No. 2) Act 1983 (29/1983)
• Kilkenny Design Workshops Limited Act 1982 (26/1982)
• Gas Regulation Act 1982 (16/1982)
• Housing Finance Agency Act 1981 (37/1981)
• National Film Studios of Ireland Limited Act 1980 (37/1980)
All Acts up to and including Judicial Council Act 2019 (23/2019), enacted 23 July 2019, were considered in the preparation of this revision.
• Central Bank (Investment Market Conduct) Rules 2019 (S.I. No. 366 of 2019)
• Investment Funds, Companies and Miscellaneous Provisions Act 2005 (Section 72) (Commencement) Order 2012 (S.I. No. 449 of 2012)
• Industrial and Provident Societies and the European Cooperative Society (Fees) Regulations 2012 (S.I. No. 363 of 2012)
• European Communities (Internal Market in Natural Gas and Electricity) Regulations 2011 (S.I. No. 630 of 2011)
• European Communities (European Cooperative Society) Regulations 2009 (S.I. No. 433 of 2009)
• Data Protection Act 1988 (Section 5(1)(D)) (Specification) Regulations 2009 (S.I. No. 421 of 2009)
• Investment Funds, Companies and Miscellaneous Provisions Act 2005 (Commencement) Order 2009 (S.I. No. 335 of 2009)
• Companies (Fees) Order 2009 (S.I. No. 304 of 2009)
• Investment Funds, Companies and Miscellaneous Provisions Act 2005 (Commencement) Order 2009 (S.I. No. 303 of 2009)
• European Communities (Internal Market in Electricity) (Electricity Supply Board) Regulations 2008 (S.I. No. 280 of 2008)
• European Communities (European Public Limited Liability Company) Regulations 2007 (S.I. No. 21 of 2007)
• Companies (Forms) Order 2007 (S.I. No. 6 of 2007)
• Investment Funds, Companies and Miscellaneous Provisions Act 2005 (Commencement)(No. 2) Order 2005 (S.I. No. 695 of 2005)
• Companies (Forms) Order 2005 (S.I. No. 694 of 2005)
• Market Abuse (Directive 2003/6/EC Regulations 2005 (S.I. No. 342 of 2005)
• Prospectus (Directive 2003/71/EC Regulations 2005 (S.I. No. 324 of 2005)
• Investment Funds, Companies and Miscellaneous Provisions Act 2005 (Commencement) Order 2005 (S.I. No. 323 of 2005)
• European Communities (Undertakings For Collective Investment in Transferable Securities) Regulations 2003 (S.I. No. 211 of 2003)
• European Communities (Reorganisation and Winding-Up of Insurance Undertakings) Regulations 2003 (S.I. No. 168 of 2003)
• European Communities (Electronic Money) Regulations 2002 (S.I. No. 221 of 2002)
• European Communities (Internal Market in Electricity) Regulations 2000 (S.I. No. 445 of 2000)
• European Communities (Insurance Undertakings: Accounts) Regulations 1996 (S.I. No. 23 of 1996)
• European Communities (Single-Member Private Limited Companies) Regulations 1994 (S.I. No. 275 of 1994)
• Data Protection Act, 1988 (Section 5 (1) (D)) (Specification) Regulations 1993 (S.I. No. 95 of 1993)
• European Communities (Credit Institutions: Accounts) Regulations 1992 (S.I. No. 294 of 1992)
• European Communities (Mergers and Divisions of Companies) Regulations 1987 (S.I. No. 137 of 1987)
All statutory instruments up to and including Central Bank (Investment Market Conduct) Rules 2019 (S.I. No. 366 of 2019), made 22 July 2019, were considered in the preparation of this revision.
Non-application of this Part to certain undertakings.
Authorisation of non-UCITS common contractual funds.
Public information and reporting on authorisation of common contractual funds.
Alteration in deed of constitution of, or change in name of, common contractual fund.
Replacement of management company or custodian.
Obligation on management companies under common contractual funds to purchase units.
Prohibition of certain transactions and making of certain profits by management companies, etc.
Assets of common contractual funds.
Liability of custodians of common contractual funds.
Application of certain provisions of UCITS Regulations.
Offences under provisions of this Part.
PART 3 (repealed)
Amendments to Part XIII of Act of 1990
Amendment of section 252 of Act of 1990. (repealed)
Amendment of section 254 of Act of 1990. (repealed)
Amendment of section 255 of Act of 1990. (repealed)
Segregated liability of sub-funds — insertion of new sections in Part XIII of Act of 1990. (repealed)
Amendment of section 257 of Act of 1990. (repealed)
Amendment of section 260 of Act of 1990. (repealed)
Insertion of new section 260A in Act of 1990. (repealed)
PART 4 (repealed)
Interpretation ( Part 4). (repealed)
Regulations ( Part 4). (repealed)
Repeal of Part V of Act of 1990 and Companies (Amendment) Act 1999. (repealed)
Conviction on indictment of offences under Irish market abuse law: penalties. (repealed)
Civil liability for certain breaches of Irish market abuse law. (repealed)
Supplementary rules, etc., by competent authority. (repealed)
Amendment of section 33AJ of Central Bank Act 1942. (repealed)
Amendment of section 33AK of Central Bank Act 1942. (repealed)
Application of Irish market abuse law to certain markets. (repealed)
PART 5 (repealed)
Interpretation ( Part 5). (repealed)
Construction of certain terms in Act of 1963. (repealed)
Repeal of certain provisions of Act of 1963 and revocation. (repealed)
Civil liability for misstatements in prospectus. (repealed)
Section 41: exceptions and exemptions. (repealed)
Restriction of liability where non-equity securities solely involved. (repealed)
Indemnification of certain persons. (repealed)
Expert's consent to issue of prospectus containing statement by him or her. (repealed)
Regulations ( Part 5). (repealed)
Penalties on conviction on indictment and defences in respect of certain offences. (repealed)
Untrue statements and omissions in prospectus: criminal liability. (repealed)
Local offers. (repealed)
Exclusion of Investment Intermediaries Act 1995. (repealed)
Power to make certain rules and issue guidelines. (repealed)
Avoidance of certain agreements. (repealed)
Amendment of section 53 of Act of 1963. (repealed)
Amendment of section 55 of Act of 1963. (repealed)
Amendment of section 57 of Act of 1963. (repealed)
PART 6 (repealed)
Miscellaneous Company Law Amendments
Amendment of section 60 of Act of 1963. (repealed)
Electronic filing agents. (repealed)
Section 57: supplemental provisions. (repealed)
Reservation of company name. (repealed)
Section 59: supplemental provisions. (repealed)
Amendment of section 128 of Act of 1963. (repealed)
Amendment of section 195 of Act of 1963. (repealed)
Amendment of section 302(1) of Act of 1963. (repealed)
Amendment of section 371(1) of Act of 1963. (repealed)
Amendment of section 12B of Companies (Amendment) Act 1982. (repealed)
Amendment of section 22 of Companies (Amendment) Act 1986. (repealed)
Amendment of section 19 of Act of 1990. (repealed)
Amendment of section 20 of Act of 1990. (repealed)
Amendment of section 21 of Act of 1990. (repealed)
Amendment of section 166 of Act of 1990. (repealed)
Amendment of section 242 of Act of 1990. (repealed)
Replacement of references to Companies Registration Office Gazette for references to Iris Oifigiúil. (repealed)
Miscellaneous amendments of Companies Acts related to penalties. (repealed)
Amendment of section 110A of Company Law Enforcement Act 2001. (repealed)
Amendment of section 45 of Competition Act 2002.
Amendment of section 26 of Prices Act 1958.
Amendment of section 17 of Consumer Information Act 1978.
Amendment of section 6 of Sale of Goods and Supply of Services Act 1980.
Amendment of section 13 of Consumer Credit Act 1995.
Amendment of sections 6 and 7 of Package Holidays and Travel Trade Act 1995.
Amendment of section 31 of National Standards Authority of Ireland Act 1996.
Amendment of Industrial and Provident Societies Act 1893.
Amendment of section 33AN of, and Schedule 2 to, Central Bank Act 1942.
Amendment of European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 (S.I. No. 211 of 2003) as Amended
Assets Covered Securities Act 2001
Companies (Amendment) Act 1999
1999, No. 8
Credit Union Act 1966
3 & 4 Geo. 5. c. 31
7 Edw. 7 c. 24
AN ACT TO MAKE PROVISION IN RELATION TO COLLECTIVE INVESTMENT UNDERTAKINGS OF THE KIND KNOWN AS “COMMON CONTRACTUAL FUNDS”; TO AMEND PART XIII OF THE COMPANIES ACT 1990 AND THE EUROPEAN COMMUNITIES (UNDERTAKINGS FOR COLLECTIVE INVESTMENT IN TRANSFERABLE SECURITIES) REGULATIONS 2003 (S.I. NO. 211 OF 2003); TO MAKE PROVISION IN RELATION TO CERTAIN OF THE MATTERS DEALT WITH BY ACTS ADOPTED BY INSTITUTIONS OF THE EUROPEAN COMMUNITIES IN THE FIELDS OF INSIDER TRADING AND MANIPULATION AND OTHER ABUSES OF FINANCIAL MARKETS AND IN THE FIELD OF OFFERS TO THE PUBLIC OF SECURITIES OR THE ADMITTANCE OF SECURITIES TO TRADING; TO EFFECT CERTAIN MISCELLANEOUS AMENDMENTS TO THE COMPANIES ACTS 1963 TO 2003; TO AMEND THE IRISH TAKEOVER PANEL ACT 1997 AND THE COMPETITION ACT 2002; TO INCREASE THE PENALTIES FOR OFFENCES UNDER THE PRICES ACT 1958, THE RESTRICTIVE PRACTICES ACT 1972 AND CERTAIN ENACTMENTS THAT RELATE TO PROTECTION OF THE CONSUMER; TO AMEND THE INDUSTRIAL AND PROVIDENT SOCIETIES ACT 1893 AND TO PROVIDE FOR RELATED MATTERS.
Offences under Act excluded from application of Criminal Justice (Forensic Evidence and DNA Database System) Act 2014 (11/2014), s. 11(1) (20.11.2015) by Criminal Justice (Forensic Evidence and DNA Database System) Act 2014 (Section 11) Order 2015 (S.I. No. 527 of 2015), arts. 3, 4 and sch., in effect as per art. 1(2).
Power to serve notices or other documents under Act electronically prescribed (17.07.2013) by Central Bank Act 1942 (Service of Notices and Other Documents) Regulations 2013 (S.I. No. 300 of 2013), regs. 2 and 3, in effect as per reg. 1(2).
Act included in definition of “designated enactments” for purposes of Central Bank Act 1942 (22/1942) by Central Bank Act 1942 (22/1942), s. 2(1) and sch. 2 part 1 item 31, as substituted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 14(1) and sch. part 1 items 6 and 82, S.I. No. 469 of 2010.
Previous affecting provision: offences under collectively cited Companies Acts 1963 to 2005 excluded from application of Criminal Justice (Forensic Evidence and DNA Database System) Act 2014 (11/2014), s. 11(1) (20.11.2015) by Criminal Justice (Forensic Evidence and DNA Database System) Act 2014 (Section 11) Order 2015 (S.I. No. 527 of 2015), arts. 3 and 4 and sch., in effect as per art. 1(2); spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: Office of Director of Corporate Enforcement excluded from definition of public bodies in Freedom of Information Act 2014 (30/2014) in relation to records held or created under collectively defined Companies Acts (14.10.2014) by Freedom of Information Act 2014 (30/2014), s. 6 and sch. 1 part 1, commenced on enactment; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (28.07.2014) by Strategic Banking Corporation of Ireland Act 2014 (22/2014), s. 7(1), S.I. No. 359 of 2014; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (27.07.2014) by State Airports (Shannon Group) Act 2014 (27/2014), ss. 15(5) and 20(2) and (3), commenced on enactment; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (21.03.2014 and 3.06.2014) by Gas Regulation Act 2013 (39/2013), s. 6(4) and 22(4), S.I. Nos. 145 and 229 of 2014; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (27.02.2014) by National Lottery Act 2013 (13/2013), s. 31(2), S.I. No. 102 of 2014; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (1.01.2014) by Water Services (No. 2) Act 2013 (50/2013), s. 25(2), S.I. No. 575 of 2013; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: fee prescribed for filing or registering of documents in relation to winding up of a Society under collectively defined Companies Acts (1.10.2012) by Industrial and Provident Societies and the European Cooperative Society (Fees) Regulations 2012 (S.I. No. 363 of 2012), reg. 3(1) and sch. part 1 ref. no. 16, in force as per reg. 2; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (30.08.2012) by Microenterprise Loan Fund Act 2012 (31/2012), s. 13(3), S.I. No. 383 of 2012; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (1.01.2012) by Housing (Miscellaneous Provisions) Act 2009 (22/2009), s. 66(1), S.I. No. 680 of 2011; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: collectively defined Companies Acts applied with modifications (1.12.2011) by European Communities (Internal Market in Natural Gas and Electricity) Regulations 2011 (S.I. No. 630 of 2011), reg. 7(10); revoked (19.01.2015) by European Communities (Internal Market in Natural Gas and Electricity) (Amendment) Regulations 2015 (S.I. No. 16 of 2015), reg. 29(1)(d).
Previous affecting provision: collectively defined Companies Acts applied with modifications (28.10.2011) by Central Bank and Credit Institutions (Resolution) Act 2011 (27/2011), s. 76, S.I. No. 548 of 2011; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (28.10.2011) by Central Bank and Credit Institutions (Resolution) Act 2011 (27/2011), s. 69(6)(a), S.I. No. 548 of 2011; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: collectively defined Companies Acts applied with modifications (1.07.2011) by European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. No. 352 of 2011), reg. 39(3)(d), in force as per reg. 2; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (1.04.2011) by Multi-Unit Developments Act 2011 (2/2011), s. 8(1), S.I. No. 95 of 2011; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: collectively defined Companies Acts designated relevant applicable enactment for purposes of those regulations (4.02.2011) by European Communities (Reorganisation and Winding-up of Credit Institutions) Regulations 2011 (S.I. No. 48 of 2011), reg. 2(4)(a); spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (21.12.2010) by Credit Institutions (Stabilisation) Act 2010 (36/2010), s. 53, S.I. No. 623 of 2010, and as amended (28.10.2011) by Central Bank and Credit Institutions (Resolution) Act 2011 (No. 27 of 2011), s. 110(5) and sch. 2 part 5 item 56; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: collectively defined Companies Acts applied with modifications (29.10.2009) by European Communities (European Cooperative Society) Regulations 2009 (S.I. No. 433 of 2009), reg. 28(4); spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: functions under collectively defined Companies Acts specified (21.10.2009) by Data Protection Act 1988 (Section 5(1)(D)) (Specification) Regulations 2009 (S.I. No. 421 of 2009), reg. 3 and sch., in force as per reg. 2; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (21.01.2009) by Anglo Irish Bank Corporation Act 2009 (1/2009), ss. 4, 10, 14 and 17, commenced on enactment; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (18.07.2008) by European Communities (Internal Market in Electricity) (Electricity Supply Board) Regulations 2008 (S.I. No. 280 of 2008), regs. 4 and 5; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: collectively cited Companies Acts 1963 to 2006 applied with modifications (27.05.2008) by European Communities (Cross-Border Mergers) Regulations 2008 (S.I. No. 157 of 2008), reg. 11(3)(d); spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: certain persons appointed by Central Bank excluded from computation of number of members of a committee of inspection for purposes of collectively defined Companies Acts (1.11.2007) by European Communities (Markets in Financial Instruments) Regulations 2007 (S.I. No. 60 of 2007), reg. 150(8)(a), in force as per reg. 1(2); spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (1.08.2007) by National Oil Reserves Agency Act 2007 (7/2007), ss. 7 and 13, S.I. No. 565 of 2007; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: collectively defined Companies Acts applied with modifications (13.06.2007) by Transparency (Directive 2004/109/EC) Regulations 2007 (S.I. No. 277 of 2007), reg. 51(2), in force as per reg. 1(2); spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: collectively defined Companies Acts applied with modifications (22.01.2007) by European Communities (European Public Limited-Liability Company) Regulations 2007 (S.I. No. 21 of 2007), regs. 10, 12, 27 and 28; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: provisions in respect of making valid statutory declarations under collectively defined Companies Acts prescribed (24.12.2006) by Investment Funds, Companies and Miscellaneous Provisions Act 2006 (41/2006), s. 6, commenced on enactment; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (15.07.2006) by European Communities (Reinsurance) Regulations 2006 (S.I. No. 380 of 2006), regs. 3(1) and 40(2); reg. 40 substituted (10.06.2009) by European Communities (Assessment of Acquisitions in the Financial Sector) Regulations 2009 (S.I. No. 206 of 2009), reg. 6(c), in force as per reg. 2.
Previous affecting provision: assets of company for purposes of liquidation under collectively cited Companies Acts 1963 to 2005 restricted (1.12.2005) by Social Welfare Consolidation Act 2005 (26/2005), s. 19(2), S.I. No. 923 of 2005; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: references in collectively defined Companies Acts construed by Companies Act 1990 (33/1990), ss. 3(1) and 256E(9), as inserted (30.06.2005) by Investment Funds, Companies and Miscellaneous Provisions Act 2005 (12/2005), s. 25, S.I. No. 323 of 2005; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: collectively defined Companies Acts applied with modifications by Central Bank Act 1971 (24/1971), s. 21(8), as substituted (1.08.2004) by Central Bank and Financial Services Authority of Ireland Act 2004 (21/2004), s. 10(2) and sch. 1 part 1 item 1, S.I. No. 455 of 2004; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: collectively defined Companies Acts designated relevant applicable enactment (5.05.2004) for purposes of European Communities (Reorganisation and Winding-Up of Credit Institutions) Regulations 2004 (S.I. No. 198 of 2004), reg. 2(1) and (2), in force as per reg. 1(2), and as amended by Credit Institutions (Stabilisation) Act 2010 (36/2010), s. 77 and sch. 2 item 3; revoked (4.02.2011) by European Communities (Reorganisation and Winding-up of Credit Institutions) Regulations 2011 (S.I. No. 48 of 2011), reg. 41.
Previous affecting provision: collectively defined Companies Acts applied with modifications (29.05.2003) by European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 (S.I. No. 211 of 2003), ss. 2(1) and 27, in effect as per reg. 2; revoked (1.07.2011) by European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. No. 352 of 2011), reg. 139(1).
Previous affecting provision: collectively cited Companies Acts 1963 to 2001 applied with modifications (29.04.2003) by European Communities (Reorganisation and Winding-up of Insurance Undertakings) Regulations 2003 (S.I. No. 168 of 2003), regs. 2(1), 4 and 8, in effect as per reg. 1(2); spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: certain persons appointed by Central Bank excluded from computation of number of members of a committee of inspection for purposes of collectively cited Companies Acts 1963 to 2001 (29.05.2002) by European Communities (Electronic Money) Regulations 2002 (S.I. No. 221 of 2002), reg. 31(2)(b); revoked (30.04.2011) by European Communities (Electronic Money) Regulations 2011 (S.I. No. 183 of 2011), reg. 82, in force as per reg. 2.
Previous affecting provision: application of collectively defined Companies Acts restricted (22.03.2002) by Asset Covered Securities Act 2001 (47/2001), s. 3(1) and 81, S.I. No. 94 of 2002; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted by Companies Act 1963 (33/1963), s. 127(7), (9) and (11), as substituted (1.03.2002) by Company Law Enforcement Act 2001 (28/2001), s. 60, S.I. No. 263 of 2002; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (1.10.2001) by Company Law Enforcement Act 2001 (28/2001), s. 3(1) and 80, S.I. No. 438 of 2001; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: references in collectively defined Companies Acts construed by Companies Act 1963 (33/1963), s. 383(1), as substituted (1.10.2001) by Company Law Enforcement Act 2001 (28/2001), s. 100, S.I. No. 438 of 2001; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: references in collectively defined Companies Acts construed by Companies Act 1990 (33/1990), ss. 3(1) and 240(7) and (8), as inserted (1.10.2001) by Company Law Enforcement Act 2001 (28/2001), s. 104, S.I. No. 438 of 2001; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: records held or created by Office of Director of Corporate Enforcement under collectively cited Companies Acts 1963 to 2001 exempted from application of Freedom of Information Act 1997 (13/1997) by Freedom of Information Act 1997 (13/1997), s. 46(1)(ba) as inserted (4.08.2001) by Company Law Enforcement Act 2001 (28/2001), s. 112, S.I. No. 523 of 2001; repealed (14.10.2014) by Freedom of Information Act 2014 (30/2014), s. 5 and sch. 4 part 1, commenced on enactment.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1999 restricted (20.12.2000) by European Communities (Internal Market in Electricity) Regulations 2000 (S.I. No. 445 of 2000), reg. 39, in effect as per reg. 1(2)(a); spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: additional requirements in relation to companies forming under collectively cited Companies Acts 1963 to 1999 prescribed (18.04.2000) by Companies (Amendment) (No. 2) Act 1999 (30/1999), s. 42, S.I. No. 61 of 2000; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1990 restricted (21.02.2000) by Companies (Amendment) (No. 2) Act 1999 (30/1999), s. 32(1), S.I. No. 406 of 1999; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: collectively cited Companies Acts 1963 to 1999 applied with modifications (21.12.1999) by Companies (Amendment) (No. 2) Act 1999 (30/1999), s. 52, S.I. No. 406 of 1999; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1990 restricted (1.01.1999) by Economic and Monetary Union Act 1998 (38/1998), ss. 25(b) and 26(1), S.I. No. 527 of 1998; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (11.09.1998) by Air Navigation and Transport (Amendment) Act 1998 (24/1998), ss. 2(1) and 22(1) and (2), S.I. No. 327 of 1998; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (11.09.1998) by Air Navigation and Transport (Amendment) Act 1998 (24/1998), ss. 2(1) and 28(1) and (2), S.I. No. 327 of 1998, and as last substituted (27.07.2014) by State Airports (Shannon Group) Act 2014 (27/2014), s. 52(1), commenced on enactment; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1990 restricted (1.08.1998) by Investor Compensation Act 1998 (37/1998), s. 11, S.I. No. 266 of 1998; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1990 restricted (7.07.1998) by Turf Development Act 1998 (26/1998), ss. 2(1), 11 and 40, commenced on enactment; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: collectively cited Companies Acts 1963 to 1990 applied with modifications (1.10.1997) by Credit Union Act 1997 (15/1997), s. 134, S.I. No. 403 of 1997; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: fees for applications under collectively defined Companies Acts prescribed by Companies Act 1963 (33/1963), s. 369 and sch. 8 part 1, as substituted (15.09.1997) by Companies (Fees) Order 1997 (S.I. No. 358 of 1997), art. 3, in force as per art. 2 and as last substituted (1.09.2009) by Companies Act 1963 (Alteration of Eighth Schedule) Order 2009 (S.I. No. 302 of 2009), art. 2 and sch., in force as per art. 1(2); repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1990 restricted (14.04.1997) by Irish Take-Over Panel Act 1997 (5/1997), ss. 3(3) and 4, S.I. No. 158 of 1997; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (3.03.1997) by Harbours Act 1996 (11/1996), ss. 2(1) and 18, S.I. No. 95 of 1997; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: references in collectively cited Companies Acts 1963 to 1990 construed (5.02.1996) by European Communities (Insurance Undertakings: Accounts) Regulations 1996 (S.I. No. 23 of 1996), reg. 5, and as amended (1.01.2005) by European Communities (International Financial Reporting Standards and Miscellaneous Amendments Regulations 2005 (S.I. No. 116 of 2005), reg. 310 and sch. 3 item 2, in effect as per reg. 2; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: certain persons appointed by Central Bank excluded from computation of number of members of a committee of inspection for purposes of collectively cited Companies Acts 1963 to 1990 (29.09.1995) by Stock Exchange Act 1995 (9/1995), ss. 3(1) and 30(6A), as substituted (1.05.2003) by Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003), s. 35(1) and sch. 1 part 19 item 4, S.I. No. 160 of 2003; repealed (1.11.2007) by Markets in Financial Instruments and Miscellaneous Provisions Act 2007 (37/2007), s. 8, commenced as per section.
Previous affecting provision: certain persons appointed by Central Bank excluded from computation of number of members of a committee of inspection for purposes of collectively cited Companies Acts 1963 to 1990 (1.08.1995 and 1.04.1996) by Investment Intermediaries Act 1995 (9/1995), ss. 2(1) and 22, S.I. Nos. 207 of 1995 and 28 of 1996, and as substituted (1.05.2003) by Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003), s. 35(1) and sch. 1 part 20 item 4, S.I. No. 160 of 2003; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (1.08.1995) by Netting of Financial Contracts Act 1995 (25/1995), ss. 1 and 4(1), commenced on enactment; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1990 restricted (8.12.1994) by European Communities (Non-Life Insurance) Framework Regulations 1994 (S.I. No. 359 of 1994), reg. 20, in effect as per reg. 1(1), and as substituted by European Communities (Non-Life Insurance) Framework (Amendment) Regulations 2004 (S.I. No. 728 of 2004), reg. 5, in effect as per reg. 1(2); reg. 20 substituted (10.06.2009) by European Communities (Assessment of Acquisitions in the Financial Sector) Regulations 2009 (S.I. No. 206 of 2009), reg. 4(d), in effect as per reg. 2.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1990 restricted (8.12.1994) by European Communities (Life Assurance) Framework Regulations 1994 (S.I. No. 360 of 1994), reg. 40, in effect as per reg. 1(1), and as substituted (1.01.2005) by European Communities (Life Assurance) Framework (Amendment No. 2) Regulations 2004 (S.I. No. 729 of 2004), reg. 4, in effect as per reg. 1(2); regulation substituted (10.06.2009) by European Communities (Assessment of Acquisitions in the Financial Sector) Regulations 2009 (S.I. No. 206 of 2009), reg. 5(d), in effect as per reg. 2.
Previous affecting provision: collectively defined Companies Acts applied with modifications (1.10.1994) by European Communities (Single-Member Private Limited Companies) Regulations 1994 (S.I. No. 275 of 1994), regs. 3(3), 8(6) and 9(3), in effect as per reg. 1(2); revoked (1.06.2015) by Companies Act 2014 (38/2014), s. 4(2) and sch. 2 part 2, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1990 restricted (25.07.1994) by Investment Limited Partnerships Act 1994 (24/1994), s. 14(2), S.I. No. 213 of 1994; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1990 restricted (22.12.1993) by Air Companies (Amendment) Act 1993 (38/1993), ss. 1, 3, 8 and 9, commenced on enactment; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1990 restricted (8.12.1993) by Irish Aviation Authority Act 1993 (29/1993), s. 18, S.I. No. 355 of 1993; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: assets of company for purposes of liquidation under collectively cited Companies Acts 1963 to 1990 restricted (16.11.1993) by Social Welfare (Consolidation) Act 1993 (27/1993), s. 16(2), S.I. No. 335 of 1993; repealed (1.12.2005) by Social Welfare Consolidation Act 2005 (26/2005), s. 360 and sch. 7, S.I. No. 923 of 2005.
Previous affecting provision: functions under collectively cited Companies Acts 1963 to 1990 specified (7.04.1993) by Data Protection Act, 1988 (Section 5 (1) (d) (Specification) Regulations 1993 (S.I. No. 95 of 1993), reg. 3 and sch., in effect as per reg. 2; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: references in collectively cited Companies Acts 1963 to 1990 construed (2.10.1992) by European Communities (Credit Institutions: Accounts) Regulations 1992 (S.I. No. 294 of 1992), reg. 5, and as amended (1.01.2005) by European Communities (International Financial Reporting Standards and Miscellaneous Amendments Regulations 2005 (S.I. No. 116 of 2005), reg. 310 and sch. 2 item 2, in effect as per reg. 2; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015; revoked (24.06.2015) by European Union (Credit Institutions: Financial Statements) Regulations 2015 (S.I. No. 266 of 2015), reg. 10, in effect as per reg. 1(2).
Previous affecting provision: winding up of company deemed to be creditors’ voluntary winding up for purposes of collectively defined Companies Acts by Companies Act 1963 (33/1963), s. 261(3), as substituted (1.08.1991) by Companies Act 1990 (33/1990), s. 129, S.I. No. 117 of 1990; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: relief for certain contraventions of collectively defined Companies Acts prescribed (1.08.1991) by Companies Act 1990 (33/1990), ss. 3(1) and 157, S.I. No. 117 of 1991; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1990 restricted (15.07.1991) by Temple Bar Area Renewal and Development Act 1991 (19/1991), ss. 3, 7 and 10, commenced on enactment; s. 10 as substituted (1.01.2002) by Local Government Act 2001 (37/2001), s. 240, S.I. No. 458 of 2001; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: re-issue of treasury shares deemed to be issue of shares for purposes of collectively defined Companies Acts (1.07.1991) by Companies Act 1990 (33/1990), ss. 3(1) and 209(5), S.I. No. 117 of 1991; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted and references construed (1.02.1991) by Companies Act 1990 (33/1990), ss. 3 and 253(1) and (5), S.I. No. 10 of 1991; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: provisions prescribed in respect of prosecution of offences under collectively defined Companies Acts (27.12.1990) by Companies Act 1990 (33/1990), ss. 3(1) and 240, S.I. No. 336 of 1990; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: offence prescribed for furnishing false information in purported compliance with collectively defined Companies Acts (27.12.1990) by Companies Act 1990 (33/1990), ss. 3(1) and 242(1), S.I. No. 336 of 1990, and as last amended by Company Law Enforcement Act 2001 (28/2001), ss. 14, 106 and sch. part 2; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: references in collectively defined Companies Acts construed (27.12.1990) by Companies Act 1990 (33/1990), s. 3(1), (2), S.I. No. 336 of 1990, and as substituted (23.12.2009) by Companies (Miscellaneous Provisions) Act 2009 (45/2009), s. 3(a), commenced on enactment; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted and modified (29.08.1990) by Companies (Amendment) Act 1990 (27/1990), ss. 7(1), (2), 18(2) and 24(7), commenced on enactment; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (1.02.1990) by Trustee Savings Banks Act 1989 (21/1989), ss. 3(1) and 57, S.I. No. 21 of 1990, and as substituted (28.03.2001) by Trustee Savings Banks (Amendment) Act 2001 (6/2001), s. 1, commenced on enactment; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: procedure for registration of building societies under collectively defined Companies Acts prescribed (1.09.1989) by Building Societies Act 1989 (17/1989), ss. 2 and 106, S.I. No. 182 of 1989; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: certain persons appointed by Central Bank excluded from computation of number of members of a committee of inspection for purposes of collectively cited Companies Acts 1963 to 1986 (12.07.1989) by Central Bank Act 1989 (16/1989), s. 50, S.I. No. 176 of 1989, and as substituted (1.05.2003) by Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003), s. 35(1) and sch. 1 part 9 item 5, S.I. No. 160 of 2003; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (13.07.1988) by Forestry Act 1988 (26/1988), ss. 2(1) and 16, commenced on enactment; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: collectively defined Companies Acts applied with modifications (1.06.1987) by European Communities (Mergers and Divisions of Companies) Regulations 1987 (S.I. No. 137 of 1987), regs. 2(1), 9(5) and 29(5), in effect as per reg. 1(3); revoked (1.06.2015) by Companies Act 2014 (38/2014), s. 4(2) and sch. 2 part 2, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (11.12.1986) by Transport (Re-Organisation of Córas Iompair Éireann) Act 1986 (31/1986), s. 12, commenced on enactment; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1985 modified (15.07.1986) by National Lottery Act 1986 (28/1986), ss. 13 and 30(3)(f), commenced on enactment; repealed (27.02.2014) by National Lottery Act 2013 (13/2013), s. 3, S.I. No. 102 of 2014.
Previous affecting provision: references in collectively cited Companies Acts 1963 to 1982 construed (1.08.1986) by Companies (Amendment) Act 1986 (25/1986), s. 3(1), S.I. No. 257 of 1986; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1983 restricted (16.07.1985) by Designated Investment Funds Act 1985 (16/1985), s. 6, commenced on enactment; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1983 restricted (8.04.1985) by Insurance (Miscellaneous Provisions) Act 1985 (8/1985), s. 7, commenced on enactment; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: collectively cited Companies Acts 1963 to 1983 applied with modifications (19.10.1983) by Insurance (No. 2) Act 1983 (29/1983), s. 3, commenced on enactment; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1983 restricted by Companies Act 1963 (33/1963), s. 10(6B), as inserted (13.10.1983) by Companies (Amendment) Act 1983 (13/1983), s. 3 and sch. para. 3, S.I. No. 288 of 1983; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively defined Companies Acts restricted (13.07.1983) by Postal and Telecommunications Services Act 1983 (24/1983), ss. 2(1) and 17, commenced on enactment; spent on repeal of provisions of Act forming part of collectively defined term (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 to 1982 restricted (27.12.1982) by Kilkenny Design Workshops Limited Act 1982 (26/1982), ss. 1, 2 and 8, commenced on enactment; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: collectively cited Companies Acts 1963 to 1982 applied with modifications (21.07.1982) by Gas Regulation Act 1982 (16/1982), s. 3(1), commenced on enactment; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 and 1977 restricted (27.12.1981) by Housing Finance Agency Act 1981 (37/1981), ss. 1, 3(2) and 4(5), commenced on enactment; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
Previous affecting provision: application of collectively cited Companies Acts 1963 and 1977 restricted (17.12.1980) by National Film Studios of Ireland Limited Act 1980 (37/1980), ss. 2 and 12, commenced on enactment; spent on repeal of provisions of Act forming part of collective citation (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015.
1.—(1) This Act may be cited as the Investment Funds, Companies and Miscellaneous Provisions Act 2005 .
(2) Parts 3 to 6 and the Companies Acts 1963 to 2003 may be cited together as the Companies Acts 1963 to 2005 and shall be construed together as one.
2.—(1) This Act (other than sections 85 and 86) shall come into operation on such day or days as the Minister may appoint by order or orders either generally or with reference to any particular purpose or provision and different days may be so appointed for different purposes or different provisions.
Power pursuant to section exercised (19.11.2012) by Investment Funds, Companies and Miscellaneous Provisions Act 2005 (Section 72) (Commencement) Order 2012 (S.I. No. 449 of 2012).
“Act of 1982” means the Companies (Amendment) Act 1982 (No. 10 of 1982);
“Act of 2005” means the Investment Funds, Companies and Miscellaneous Provisions Act 2005 (No. 12 of 2005).
3. The 19th day of November 2012 is appointed as the day on which section 72 of the Act of 2005, insofar as it relates to—
(a) Subsections (1), (2), (3), (5) and (8) of section 311 of the Act of 1963 (including those subsections as they have effect by virtue of section 43 (15) of the Companies (Amendment) (No.2) Act 1999 (No. 30 of 1999)) and section 311A(1) of the Act of 1963,
(b) Subsections (1), (2) and (3) of section 12 of the Act of 1982; Subsections (1), (2) and (3) of section 12A of the Act of 1982; Subsections (3) and (7) of section 12B of the Act of 1982 and section 12C(1) of the Act of 1982, and
(c) Sections 8 (1) and 55 (1) of the Companies (Amendment) Act 1983 (No. 13 of 1983),
Power pursuant to section exercised (1.09.2009) by Investment Funds, Companies and Miscellaneous Provisions Act 2005 (Commencement) Order 2009 (S.I. No. 303 of 2009).
2. The 1st day of September 2009 is appointed as the day on which sections 59 and 60 of the Investment Funds, Companies and Miscellaneous Provisions Act 2005 (No. 12 of 2005) shall come into operation.
Power pursuant to section exercised (23.08.2009) by Investment Funds, Companies and Miscellaneous Provisions Act 2005 (Commencement) Order 2009 (S.I. No. 335 of 2009).
2. The 23rd day of August 2009 is appointed as the day upon which section 69 of the Investment Funds, Companies and Miscellaneous Provisions Act 2005 (No. 12 of 2005) comes into operation.
Power pursuant to section exercised (1.12.2005) by Investment Funds, Companies and Miscellaneous Provisions Act 2005 (Commencement) (No. 2) Order 2005 (S.I. No. 695 of 2005).
3. The 1st day of December, 2005 is appointed as the day on which sections 57 58, 61 and 71 of the Act come into operation.
Power pursuant to section exercised (30.06.2005, 1.07.2005, 6.07.2005 and 1.09.2005) by Investment Funds, Companies and Miscellaneous Provisions Act 2005 (Commencement) Order 2005 (S.I. No. 323 of 2005).
3. The 30th day of June 2005 is appointed as the day on which the following provisions of the Act come into operation, namely —
(a) Parts 1, 2 and 3,
(b) sections 29, 30, 38, 46, 56, 63 to 68, 70, 73(1), 73(2)(a),(b) and (c) 73(4), 75 to 84 and 87.
4. The 1st day of July 2005 is appointed as the day on which the following provisions of the Act come into operation, namely sections 39 to 45, 47 to 55 and 74.
5. The 6th day of July 2005 is appointed as the day on which the following provisions of the Act come into operation, namely —
(a) section 31 (but only for the purpose of repealing the enactments specified in that section in so far as they relate to a regulated market (within the meaning of Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003) operated by a recognised stock exchange within the meaning Part V of the Companies Act 1990 (No. 33 of 1990)),
(b) sections 32 to 37.
6. The 1st day of September 2005 is appointed as the day on which the following provisions of the Act come into operation, namely, sections 73(2)(d) and 73(3).
“Member State”, where used without qualification, means Member State of the European Union;
( a) a reference to a section or Part is a reference to a section or Part of this Act unless it is indicated that reference to some other enactment is intended,
( b) a reference to a subsection, paragraph or subparagraph is a reference to the subsection, paragraph or subparagraph of the provision in which the reference occurs, unless it is indicated that reference to some other provision is intended, and
( c) a reference to any other enactment shall, unless the context otherwise requires, be construed as a reference to that enactment as amended or adapted by or under any other enactment.
4.—(1) Every order or regulation made under this Act (other than an order made under section 2 or 37) shall be laid before each House of the Oireachtas as soon as may be after it is made and, if a resolution annulling the order or regulation is passed by either such House within the next 21 days on which that House has sat after the order or regulation is laid before it, the order or regulation shall be annulled accordingly but without prejudice to the validity of anything previously done thereunder.
(2) The Minister may by order amend or revoke an order made under this Act (other than an order made under section 2 or 37 but including an order made under this subsection).
Substituted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 15(14) and sch. 2 part 14 para. 20, S.I. No. 469 of 2010.
1 OJ L375, 31.12.1985, p. 3
7.—(1) The provisions of this Part shall not apply to an undertaking for collective investment in transferable securities (within the meaning of the UCITS Regulations) that is authorised—
( a) under the UCITS Regulations, or
( b) by a competent authority in another Member State of the European Communities in accordance with Council Directive No. 85/611/EEC of 20 December 1985, as amended from time to time.
(2) A common contractual fund shall not be subject to the provisions respecting—
( a) a partnership under the Partnership Act 1890, the Limited Partnerships Act 1907 or the Investment Limited Partnerships Act 1994 , or
( b) a unit trust scheme under the Unit Trusts Act 1990.
8.—(1) The Bank shall authorise a common contractual fund if, but only if—
F2 [ ( a ) either —
(i) the management company is authorised by the Bank under Part 2 of the European Union (Alternative Investment Fund Managers) Regulations 2013 or by the competent authority in its home Member State in accordance with Chapter II of Directive 2011/61/EC of the European Parliament and of the Council of 8 June 2011 or in its Member State of reference in accordance with that Chapter II, or
(ii) the Bank is satisfied that the competence of the management company in respect of matters of the kind with which it would be concerned in relation to a common contractual fund and its probity are such as to render it suitable to act as management company under the common contractual fund,
( b ) save where it is authorised as mentioned in paragraph ( a )(i), the management company of the common contractual fund is a body corporate that has its registered office and head office in the State, and has, in the opinion of the Bank, sufficient financial resources at its disposal to enable it to conduct its business effectively and meet its liabilities,
( c ) the custodian of the common contractual fund is a depositary as specified in Regulation 22(3) of the European Union (Alternative Investment Fund Managers) Regulations 2013,
( d ) the Bank is satisfied that the common contractual fund is organised such that the effective control over the affairs of the management company and of the custodian of the common contractual fund will be exercised independently of one another, ]
( e) the Bank has approved the deed of constitution and the deed of constitution contains a covenant providing that the common contractual fund will be carried on in compliance with the provisions of this Act,
( f) a copy of the deed of constitution is deposited with the Bank, and
( g) the name of the common contractual fund is not, in the opinion of the Bank, undesirable.
(2) An application for authorisation of a common contractual fund shall be made in writing jointly by the proposed management company and custodian of the proposed common contractual fund and shall contain such information as the Bank may specify for the purpose of determining the application (including such additional information as the Bank may specify in the course of determining the application).
(3) The authorisation of a common contractual fund by the Bank shall not constitute a warranty by the Bank as to the performance of the common contractual fund and the Bank shall not be liable for the performance or default of the common contractual fund.
Substituted (16.07.2013) by European Union (Alternative Investment Fund Managers) Regulations 2013 (S.I. No. 257 of 2013), reg. 66(2).
9.—(1) The Bank shall establish and maintain a register of common contractual funds.
(2) The Bank shall ensure that the register is kept at a specified office of the Bank and is made available for inspection by members of the public during the ordinary business hours of that office.
(3) If the register is kept in a form that is not immediately legible, the Bank shall make available a version of it that is in legible form.
(4) A person who, during the ordinary business hours of the Bank, attends the office at which the Bank keeps the register is entitled—
( a) to inspect the register without charge, and
( b) on payment of a fee (if any) prescribed under section 33K (inserted by the Central Bank and Financial Services Authority of Ireland Act 2003) of the Central Bank Act 1942 , for the purposes of this subsection, to obtain a copy of any entry in the register.
(5) The Bank shall, within 21 days after the date of the authorisation by it under section 8 of a common contractual fund, publish a notice to that effect in Iris Oifigiúil.
(6) The Bank shall publish from time to time, but not less frequently than once a year, in such manner as it thinks fit, the names of all common contractual funds which have been authorised by it under section 8 and whose authorisation has not been revoked under this Part.
(7) The Bank shall include in its annual report to the Minister for Finance a report on the performance of its functions under this Part.
(8) The Bank shall give to the Minister a copy of the report on the performance of its functions under this Part referred to in subsection (7) .
10.—(1) Notwithstanding any other powers which may be available to the Bank under any other enactment, the Bank may impose such conditions for the authorisation of a common contractual fund under section 8 as it considers appropriate and prudent for the purposes of the orderly and proper regulation of the business of common contractual funds.
(2) The power to impose conditions referred to in subsection (1) shall include power to impose such conditions from time to time in respect of the manner in which the business of a common contractual fund authorised under section 8 shall be operated as the Bank considers appropriate and prudent for the purposes referred to in subsection (1) .
(3) Conditions imposed under this section may be imposed generally or on a particular common contractual fund, or by reference to a particular class or classes of common contractual fund, or by reference to any other matter the Bank considers appropriate and prudent for the purposes referred to in subsection (1).
(4) Without prejudice to the generality of subsections (1), (2) and (3), conditions imposed by the Bank on a common contractual fund may make provision for any or all of the following matters—
( a) the prudential requirements of the investment policies of the common contractual fund,
( b) borrowing policies of the common contractual fund,
( c) prospectuses and other information disseminated in relation to the common contractual fund,
( d) the safe-keeping of the assets of the common contractual fund,
( e) such other supervisory and reporting requirements and conditions relating to its business as the Bank considers appropriate and prudent.
(6) The management company and custodian of a common contractual fund shall comply with any conditions imposed by the Bank in relation to that common contractual fund.
11.—(1) Where the Bank decides to refuse authorisation of a common contractual fund, it shall notify the management company and the custodian of the common contractual fund of its decision and of the reasons therefor.
(2) The management company may apply to the High Court for a review of the decision in accordance with Regulation 105 of the UCITS Regulations (as applied by section 18 ).
(3) The management company shall have the same right to apply to the High Court as in subsection (2) if a decision on authorisation under section 8 has not been taken by the Bank within 6 months of the submission of an application for authorisation which includes the information (other than any additional information sought by the Bank) specified by the Bank under section 8(2) .
12.—(1) No alteration in the deed of constitution of a common contractual fund or change in the name of such a common contractual fund shall be made without the approval of the Bank and—
( a) any person who makes such an alteration or change without such approval shall be guilty of an offence, and
( b) any such alteration made without the approval of the Bank is void.
(2) Within 21 days after the making of an alteration in the deed of constitution of a common contractual fund or a change in the name of a common contractual fund, the management company of the common contractual fund shall deposit with the Bank a copy of the deed of constitution as so altered or containing the alterations or (as the case may be) particulars of the change in name.
(3) Where the management company of a common contractual fund fails to comply with subsection (2), it shall be guilty of an offence.
13.—(1) The deed of constitution shall specify the conditions for the replacement of the management company or custodian of the common contractual fund with another management company or custodian and shall contain provisions to ensure the protection of unit-holders in the event of any such replacement.
(2) Neither the management company nor the custodian may be replaced without the approval of the Bank.
14.—(1) Subject to Regulation 63 of the UCITS Regulations, as applied by section 18 , whenever the unit-holder in a common contractual fund, or the unit-holder in a common contractual fund the authorisation of which stands revoked under this Part, so requests, the management company of the common contractual fund shall, in accordance with the provisions of the deed of constitution of the fund and any relevant conditions imposed by the Bank, redeem out of the assets of the common contractual fund such number of the units of the common contractual fund held by the unit-holder as that person may specify at the price for the time being at which the management company redeems units of the common contractual fund.
(2) Subsection (1) shall not apply to the extent the Bank may specify in a condition imposed by it under section 10 .
Offence under subs. (3) prescribed an arrestable offence (9.08.2011) for purposes of Criminal Justice Act 2011 (22/2011), s. 3 and sch. 1 para. 9, S.I. No. 411 of 2011.
15.—(1) Neither a management company of a common contractual fund (the “corporate body”) nor a subsidiary or a holding company of that corporate body or a subsidiary of the holding company of that corporate body or a director or person engaged in the management of such corporate body or company shall carry out transactions for it, him or herself, or make a profit for it, him or herself from transactions, in any assets held under the scheme save in accordance with the deed of constitution and any conditions imposed by the Bank.
Offence under subs. (2) prescribed an arrestable offence (9.08.2011) for purposes of Criminal Justice Act 2011 (22/2011), s. 3 and sch. 1 para. 9, S.I. No. 411 of 2011.
16.—(1) The assets of a common contractual fund shall belong exclusively to the common contractual fund and the assets shall be entrusted to a custodian for safe-keeping in accordance with conditions imposed by the Bank under section 10 F3 [ and, subject to such transitional arrangements as may be specified by the Bank, in accordance with the provisions of Regulation 22(8) of the European Union (Alternative Investment Fund Managers) Regulations 2013 ].
(2) Where a common contractual fund is established as an umbrella fund, the assets shall belong exclusively to the relevant sub-fund and shall not be used to discharge directly or indirectly the liabilities of, or claims against, any other sub-fund and shall not be available for any such purpose.
(3) The liabilities of a unit-holder, as such a holder, shall be limited to the amount agreed to be contributed by him or her for the subscription of units.
(4) The provisions of the deed of constitution shall be binding on the unit-holder and all persons claiming through the unit-holder as if such persons had been party to the deed.
Inserted (16.07.2013) by European Union (Alternative Investment Fund Managers) Regulations 2013 (S.I. No. 257 of 2013), reg. 66(3).
17.—(1) F4 [ Where a common contractual fund does not have an alternative investment fund manager which is authorised in accordance with Chapter II of Directive 2011/61/EC of the European Parliament and of the Council of 8 June 2011 or is not otherwise subject to Articles 21(12) to (15) of that Directive, the custodian shall exercise due care and diligence ] in the discharge of its duties and shall be liable to the unit-holders and management company for any loss arising from the negligence, fraud, bad faith, wilful default or recklessness in the performance of those duties.
(2) Unit-holders may enforce this liability either directly or indirectly through the management company.
Substituted (16.07.2013) by European Union (Alternative Investment Fund Managers) Regulations 2013 (S.I. No. 257 of 2013), reg. 66(4).
18.—(1) Regulations 63, 77 to 85 and 98 to 105 of the UCITS Regulations shall apply to a common contractual fund as they apply to the bodies to which those Regulations relate subject to the following modifications and any other necessary modifications—
( a) a reference in those Regulations to a term or expression specified in the second column of the Table to this section at any reference number shall be construed, where the context admits, as a reference to the term or expression specified in the third column of the said Table at that reference number, and
( b) references to cognate terms or expressions in those Regulations shall be construed accordingly,
( c) references to “the articles” and “the Directive” in those Regulations shall be disregarded,
( d) the words “and the other information provided for in Schedule 2 to these Regulations” in Regulation 79 and the first sentence of Regulation 80 of those Regulations shall be disregarded and Regulation 80 shall have effect as if there were inserted the words “in the half-yearly report” after the words “the figures”,
( e) paragraph (4)(d) of Regulation 102 shall be disregarded,
( f) references to “simplified prospectus” in Regulations 82 and 83 shall be disregarded.
(2) In subsection (1)“common contractual fund” includes a common contractual fund the authorisation of which stands revoked under Regulation 102 of the UCITS Regulations as applied and adapted by this section.
“ section 11 of the Investment Funds, Compan- ies and Miscellaneous Provisions Act 2005”
“ section 14 of the Investment Funds, Compan- ies and Miscellaneous Provisions Act 2005”
“ Part 2 of the Investment Funds, Companies and Miscellaneous Provisions Act 2005”
“common contractual fund”
“ section 8 of the Unit Trusts Act 1990”
“ section 13 of the Investment Funds, Compan- ies and Miscellaneous Provisions Act 2005”
19.—Where an offence under this Part is committed by a body corporate and is proved to have been so committed with the consent or approval of, or to have been facilitated by any wilful neglect on the part of any person being a director, manager, secretary, member of any committee of management or other controlling authority of such body or official of such body, that person shall also be guilty of an offence.
20.—A person who contravenes any provision of this Part and for which contravention no offence is created by any other provision of this Part shall be guilty of an offence.
21.—(1) A person guilty of an offence under this Part shall be liable—
( a) on summary conviction to a fine not exceeding €5,000 or imprisonment for a term not exceeding 12 months or both, or
( b) on conviction on indictment to a fine not exceeding €15,000 or imprisonment for a term not exceeding 5 years or both,
and, if the contravention in respect of which he or she is convicted of an offence under this Part is continued after the conviction, the person shall be guilty of a further offence on every day on which the contravention continues and for each such offence the person shall be liable on summary conviction to a fine not exceeding €400 or, on conviction on indictment, to a fine not exceeding €1,900.
(2) Subsection (1)(b) shall not apply to a person guilty of an offence under section 20 .
(3) Summary proceedings in relation to an offence under this Part may be brought and prosecuted by the Bank.
(4) F5 [ … ]
Repealed (1.08.2013) by Central Bank (Supervision and Enforcement) Act 2013 (26/2013), s. 4(1) and sch. 1 part 1 item 15, S.I. No. 287 of 2013.
Amendment of section 252 of Act of 1990.
22.— F6 [ … ]
Amendment of section 254 of Act of 1990.
23.— F7 [ … ]
Amendment of section 255 of Act of 1990.
Segregated liability of sub-funds — insertion of new sections in Part XIII of Act of 1990.
25.— F9 [ … ]
Amendment of section 257 of Act of 1990.
26.— F10 [ … ]
Amendment of section 260 of Act of 1990.
27.— F11 [ … ]
Insertion of new section 260A in Act of 1990.
Regulations ( Part 4).
Repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015, subject to saver and transitional provisions in ss. 5 and 1367(1) and sch. 6.
Previous affecting provision: power pursuant to section exercised (10.08.2012) by Market Abuse (Directive 2003/6/EC) (Amendment) Regulations 2012 (S.I. No. 315 of 2012); continued in effect (1.06.2015) by Companies Act 2014 (38/2014), s. 1367(1), S.I. No. 169 of 2015; spent on revocation of Market Abuse (Directive 2003/6/EC) Regulations 2005 (S.I. No. 342 of 2005) as per E-note below.
Previous affecting provision: power pursuant to section exercised (6.07.2005) by Market Abuse (Directive 2003/6/EC) Regulations 2005 (S.I. No. 342 of 2005), in effect as per reg. 1(3); continued in effect (1.06.2015) by Companies Act 2014 (38/2014), s. 1367(1), S.I. No. 169 of 2015; revoked (3.07.2016) by Market Abuse (Directive 2003/6/EC) Regulations 2005 (S.I. No. 349 of 2016), reg. 54, in effect as per reg. 1(2).
Repeal of Part V of Act of 1990 and Companies (Amendment) Act 1999.
Conviction on indictment of offences under Irish market abuse law: penalties.
Previous affecting provision: application of section extended (6.07.2005) by Market Abuse (Directive 2003/6/EC Regulations 2005 (S.I. No. 342 of 2005), reg. 49(1) and (2), in effect as per reg. 1(3); revoked (3.07.2016) by European Union (Market Abuse) Regulations 2016 (S.I. No. 349 of 2016), reg. 54, in effect as per reg. 1(2).
Civil liability for certain breaches of Irish market abuse law.
Supplementary rules, etc., by competent authority.
Repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015, subject to saver and transitional provisions in ss. 5 and 1370(8) and sch. 6.
Amendment of section 33AJ of Central Bank Act 1942.
Amendment of section 33AK of Central Bank Act 1942.
Application of Irish market abuse law to certain markets.
37.— F21 [ … ]
Previous affecting provision: subs. (3A) inserted (24.12.2006) by Investment Funds, Companies and Miscellaneous Provisions Act 2006 (41/2006), s. 15(a), commenced on enactment; repealed as per F-note above.
Construction of certain terms in Act of 1963.
39.— F23 [ … ]
Repeal of certain provisions of Act of 1963 and revocation.
40.— F24 [ … ]
41.— F25 [ … ]
Previous affecting provision: application of section restricted (26.06.2009) by Financial Measures (Miscellaneous Provisions) Act 2009 (14/2009), s. 15(2), commenced on enactment; section repealed as per F-note above.
Previous affecting provision: section amended (24.12.2006) by Investment Funds, Companies and Miscellaneous Provisions Act 2006 (41/2006), s. 15(b), commenced on enactment; repealed as per F-note above.
Section 41 : exceptions and exemptions.
Previous affecting provision: section amended (24.12.2006) by Investment Funds, Companies and Miscellaneous Provisions Act 2006 (41/2006), s. 15(c), commenced on enactment; repealed as per F-note above.
Restriction of liability where non-equity securities solely involved.
Previous affecting provision: section substituted (24.12.2006) by Investment Funds, Companies and Miscellaneous Provisions Act 2006 (41/2006), s. 13, commenced on enactment; repealed as per F-note above.
Previous affecting provision: section amended (24.12.2006) by Investment Funds, Companies and Miscellaneous Provisions Act 2006 (41/2006), s. 15(d), commenced on enactment; repealed as per F-note above.
Expert's consent to issue of prospectus containing statement by him or her.
Previous affecting provision: section substituted (24.12.2006) by Investment Funds, Companies and Miscellaneous Provisions Act 2006 (41/2006), s. 14, commenced on enactment; repealed as per F-note above.
Penalties on conviction on indictment and defences in respect of certain offences.
Previous affecting provision: application of section extended (1.07.2005) by Prospectus (Directive 2003/71/EC Regulations 2005 (S.I. No. 324 of 2005), reg. 107(4), in effect as per reg. 1(2); section repealed as per F-note above.
Untrue statements and omissions in prospectus: criminal liability.
Previous affecting provision: offence under section designated a relevant offence for purposes of that Act (9.08.2011) by Criminal Justice Act 2011 (22/2011), s. 3 and sch. 1 para. 18, S.I. No. 411 of 2011; section repealed as per F-note above.
Previous affecting provision: subs. (4) deleted (24.12.2006) by Investment Funds, Companies and Miscellaneous Provisions Act 2006 (41/2006), s. 15(b), commenced on enactment; section repealed as per F-note above.
Exclusion of Investment Intermediaries Act 1995.
Power to make certain rules and issue guidelines.
Repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1, S.I. No. 169 of 2015, subject to saver and transitional provisions in ss. 5 and 1363(9) and sch. 6.
Rules, as amended, issued under section by the Bank in November 2014 revoked (22.07.2019) by Central Bank (Investment Market Conduct) Rules 2019 (S.I. No. 366 of 2019), art. 57(1)(a).
Avoidance of certain agreements.
Amendment of section 53 of Act of 1963.
53.— F37 [ … ]
Amendment of section 55 of Act of 1963.
54.— F38 [ … ]
Amendment of section 57 of Act of 1963.
55.— F39 [ … ]
56.— F40 [ … ]
Electronic filing agents.
57.— F41 [ … ]
Previous affecting provision: form for use in connection with subs. (4)(a) prescribed (22.01.2007) by Companies (Forms) Order 2007 (S.I. No. 6 of 2007), art. 4, in effect as per reg. 2; revoked (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and 5(7) and schs. 2 part 1 and 6 para. 2.
Previous affecting provision: form for use in connection with subs. (4)(a) prescribed (1.12.2005) by Companies (Forms) Order 2005 (S.I. No. 694 of 2005), art. 4 and sch., in effect as per reg. 2; revoked (22.01.2007) by Companies (Forms) Order 2007 (S.I. No. 6 of 2007), reg. 5, in effect as per reg. 2.
Previous affecting provision: fee in respect of notification under subs. (4)(a) prescribed by Companies Act 1963 (33/1963), s. 369 and sch. 8, as inserted (1.12.2005) by Companies (Fees) (No. 4) Order 2005 (S.I. No. 737 of 2005), art. 4, in effect as per art. 2; repealed (1.06.2015) by Companies Act 2014 (38/2014), s. 4(1) and sch. 2 part 1.
59.— F43 [ … ]
Previous affecting provision: power pursuant to section exercised (1.09.2009) by Companies (Fees) Order 2009 (S.I. No. 304 of 2009), in effect as per reg. 1(2); revoked (1.06.2015) by Companies Act 2014 (38/2014), s. 5(7) and sch. 6 para. 2, S.I. No. 169 of 2015.
Previous affecting provision: section applied with modifications by Building Societies Act 1989 (17/1989), s. 108A, as inserted (1.08.2006) by Building Societies (Amendment) Act 2006 (24/2006), s. 27, S.I. 394 of 2006; repealed as per F-note above.
Section 59 : supplemental provisions.
60.— F44 [ … ]
Amendment of section 128 of Act of 1963.
61.— F45 [ … ]
62.— F46 [ … ]
Amendment of section 302(1) of Act of 1963.
63.— F47 [ … ]
Amendment of section 371(1) of Act of 1963.
64.— F48 [ … ]
Amendment of section 12B of Companies (Amendment) Act 1982.
65.— F49 [ … ]
Amendment of section 22 of Companies (Amendment) Act 1986.
66.— F50 [ … ]
67.— F51 [ … ]
Amendment of section 20 of Act of 1990.
68.— F52 [ … ]
69.— F53 [ … ]
Amendment of section 166 of Act of 1990.
70.— F54 [ … ]
71.— F55 [ … ]
Replacement of references to Companies Registration Office Gazette for references to Iris Oifigiúil.
72.— F56 [ … ]
Miscellaneous amendments of Companies Acts related to penalties.
73.— F57 [ … ]
Amendment of section 110A of Company Law Enforcement Act 2001.
74.— F58 [ … ]
76.—(1) Subsection (6) of section 45 of the Competition Act 2002 is repealed.
(2) Subsection (7) of that section 45 is amended by substituting “this section” for “subsection (6)”.
(3) Notwithstanding the repeal by this section of subsection (6) of that section 45, that subsection (6) shall continue to apply to any books, documents or records seized or obtained under that section before the commencement of this section.
77.—(1) The UCITS Regulations are amended in the manner provided for in the Schedule to this Act.
78.— The Prices Act 1958 (as amended by section 8 of the Prices (Amendment) Act 1972 ) is amended by substituting the following section for section 26:
“26.—(1) A person who commits or is deemed to have committed an offence under this Act shall be liable—
( b) on conviction on indictment, to a fine not exceeding €50,000 or imprisonment for a term not exceeding 2 years or both.
(2) Where a person is convicted of an offence under this Act and there is a continuation of the offence by the person after his conviction, the person shall be guilty of a further offence on every day on which the contravention continues and for each such offence shall be liable—
( a) on summary conviction, to a fine not exceeding €300 or imprisonment for a term not exceeding 6 months or both, or
( b) on conviction on indictment, to a fine not exceeding €500 or imprisonment for a term not exceeding 2 years or both.”.
80.—Section 17(1) of the Consumer Information Act 1978 is amended—
( a) in paragraph ( a) by substituting “€3,000” for “£500”, and
( b) in paragraph ( b) by substituting “€60,000” for “£10,000”.
81.—Section 6(1) of the Sale of Goods and Supply of Services Act 1980 is amended—
( a) in paragraph ( a) by substituting “€3,000”for “£500”, and
82.— The Consumer Credit Act 1995 is amended by substituting the following section for section 13:
“13.—(1) A person who is guilty of an offence under this Act shall be liable—
( a) on summary conviction, to a fine not exceeding €1,000, or
( b) on conviction on indictment, to a fine not exceeding €10,000.”.
83.— The Package Holidays and Travel Trade Act 1995 is amended—
(i) in subsection (1) by substituting “€3,000” for “£1,500”, and
(ii) in subsection (2) by substituting “€3,000” for “£1,500” and “€100,000” for “£50,000”,
( b) in section 7(3) by substituting “2 years” for “12 months”.
84.— Section 31 of the National Standards Authority of Ireland Act 1996 is amended by substituting “€3,000” for “£1,500”.
85.—The Industrial and Provident Societies Act 1893 is amended—
( a) in section 4( a), by substituting “€150,000 or an amount equal to 1 per cent of the total assets of the society, whichever is the greater” for the amount standing specified in that section,
( b) in section 25 (as substituted by section 5(1) of the Industrial and Provident Societies (Amendment) Act 1913)—
(i) in subsection (1), by substituting “€15,000” for the amount standing specified in each place where that amount occurs in that subsection, and
(ii) in subsection (3), by substituting “€15,000” for the amount standing specified in that subsection,
( c) in section 26(1) (as substituted by section 5(2) of the Industrial and Provident Societies (Amendment) Act 1913), by substituting “the limit specified in section 4( a) of this Act” for the amount standing specified in that subsection,
( d) in section 27(1), by substituting “€10,000” for the amount standing specified in that subsection, and
( e) in Schedule II, in paragraph 5, by substituting “the limit specified in section 4( a) of this Act” for the amount standing specified in that paragraph.
86.—(1) Notwithstanding the repeal of section 35(1)( i) of the Credit Union Act 1966 by the Credit Union Act 1997, the specified regulations made under that section continue, and shall be deemed always to have continued, to have full force and effect from the coming into operation of the specified regulations until the passing of this Act.
(2) Nothing in this section shall affect any proceedings commenced in any court concerning the validity of the specified regulations where those proceedings were commenced before the passing of this Act.
(3) In this section “specified regulations” means—
( a) the Industrial and Provident Societies (Financial Limits) Regulations 1985 ( S.I. No. 392 of 1985), and
( b) the Industrial and Provident Societies (Financial Limits) (Amendment) Regulations 1990 ( S.I. No. 246 of 1990).
87.—(1) Section 33AN of the Central Bank Act 1942 (inserted by the Central Bank and Financial Services Authority of Ireland Act 2004 ) is amended by inserting the following definitions after the definition of “contravene”:
“‘designated enactment’ does not include Part 4 or 5 of the Investment Funds, Companies and Miscellaneous Provisions Act 2005 ;
‘designated statutory instrument’ does not include the Market Abuse (Directive 2003/6/EC) Regulations 2005 (S.I. No. - of 2005) or the Prospectus (Directive 2003/71/EC) Regulations 2005 (S.I. No. - of 2005);”.
(2) Schedule 2 to the Central Bank Act 1942 (inserted by the Central Bank and Financial Services Authority of Ireland Act 2003 ) is amended—
( a) in the item relating to the Postal and Telecommunications Services Act 1983 , in column 3 of Part 1, by substituting “Sections 67 and 104” for “Section 104”,
( b) in the item relating to the Dormant Accounts Act 2001, in column 3 of Part 1, by substituting “The whole Act” for “Part 3 and section 17”,
( c) by inserting in Part 1 the following item after the item relating to the Assets Covered Securities Act 2001:
No.- of 2005
( d) by inserting in Part 2 the following items after the item relating to the European Communities (Cross Border Payments in Euro) Regulations 2002 ( S.I. No. 335 of 2002 ):
S.I. No. 211 of 2003
European Communities (Undertakings for Collective Investments in Transferable Securities) Regulations 2003
S.I. No. 198 of 2004
European Communities (Reorganisation and Winding-Up of Credit Institutions) Regulations 2004
S.I. No. 727 of 2004
S.I. No. - of 2005
Amendment of European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 ( S.I. No. 211 of 2003) as Amended
Amendment of Regulation 2(1)
1. Regulation 2(1) is amended—
( a) by inserting the following before “transferable securities”:
“‘sub-fund’ means a separate portfolio of assets maintained by a UCITS in accordance with its trust deed, deed of constitution or articles;”, and
( b) by substituting the following for the definition of “umbrella fund”:
“‘umbrella fund’ means a UCITS which is divided into a number of sub-funds, and each sub-fund shall be treated as a separate UCITS for the purposes of the application of Part VII of these Regulations;”.
Addition of new Regulation 32A
2. The following is inserted after Regulation 32:
“Cross investment by sub-funds of an umbrella fund.
32A.—(1) A company to which this chapter applies and which is established as an umbrella fund may acquire by way of subscription or transfer for consideration shares in one sub-fund of the company for the account of another sub-fund of the company in accordance with Regulation 51.
(2) Shares acquired under this Regulation may be held for the account of the sub-fund for which they were acquired and need not be cancelled.”.
3. Regulation 35(1)(b) is amended by inserting the following after “section 41 (restriction on company acquiring its own shares);”:
“section 43 (treatment of shares held by or on behalf of a public limited company);
section 43A (accounting for own shares);”.
Addition of new Regulation 36F
4. The following is inserted after Regulation 36E:
“Application of segregated liability to investment companies established as UCITS.
36F.—The provisions of sections 256A to 256E of the Companies Act 1990 (inserted by section 25 of the Investment Funds, Companies and Miscellaneous Provisions Act 2005 ) shall apply to any investment company authorised pursuant to these Regulations and for this purpose the references to umbrella fund and sub-fund shall be interpreted in accordance with the provisions of these Regulations, the references to authorisation shall be read as referring to authorisation pursuant to these Regulations and the reference to the commencement date shall be read as referring to the commencement date of section 25 of the Investment Funds, Companies and Miscellaneous Provisions Act 2005 .”.
Addition of new Regulation 51A
5. The following is inserted after Regulation 51:
“UCITS umbrella funds.
51A.—An umbrella fund may acquire the units of one sub-fund for the account of another sub-fund within that umbrella, subject to the provisions of Regulation 51 and such conditions as may be imposed by the Bank.”.
Addition of new Regulation 79A
6. The following is inserted after Regulation 79:
“79A.—(1) Notwithstanding section 148(2) of the Companies Act 1963 (inserted by the European Communities (International Financial Reporting Standards and Miscellaneous Amendments) Regulations 2005 ( S.I. No. 116 of 2005)) an investment company to which chapter 1 or 2 of Part VI applies may, in respect of its individual accounts, opt to prepare those accounts in accordance with both of the following, namely—
( a) an alternative body of accounting standards, and
( b) section 149A of the Companies Act 1963,
as if the references in that section 149A to international financial reporting standards were references to that alternative body of accounting standards.
(2) In the application of subsections (4), (5) and (6) of section 148 of the Companies Act 1963 to an investment company which has opted under paragraph (1) to prepare its accounts in accordance with an alternative body of accounting standards—
( a) the reference in that subsection (4) to international financial reporting standards shall be read as a reference to that alternative body of accounting standards, and
( b) there shall be substituted for ‘IFRS’, in each place where it occurs in those subsections (4), (5) and (6), ‘ABAS’ (which shall be read as referring to that alternative body of accounting standards).
(3) For the purposes of this Regulation, accounts shall not be regarded as having been prepared in accordance with an alternative body of accounting standards unless the accounts concerned would, were they to have been prepared by a company or undertaking registered in the relevant jurisdiction, be regarded as having been prepared in accordance with those standards.
‘alternative body of accounting standards’ means standards that accounts of companies or undertakings must comply with that are laid down by such body or bodies having authority to lay down standards of that kind in—
( a) United States of America,
( b) Canada,
( c) Japan, or
( d) any other state or territory prescribed for the purposes of the section hereafter mentioned in this paragraph,
as are prescribed under the Companies Act 1990 for the purposes of section 260A(4) (inserted by the Investment Funds, Companies and Miscellaneous Provisions Act 2005 ) of that Act;
‘relevant jurisdiction’ means the state or territory in which the alternative body of accounting standards concerned have effect.”.
7. Regulation 85 is amended by inserting the following after paragraph (10):
“(11) The requirements of this Regulation shall apply with appropriate modifications to auditors of a management company.”.