Regulatory News

New Chairpersons of Takeover Panel and Investment Compensation Company DAC (ICCL) Announced

01 June 2018 Press Release

Central Bank of Ireland

The Governor of the Central Bank of Ireland, Philip R. Lane, has announced the appointment of Mr Cian Ferriter SC, as Chairperson of the Irish Takeover Panel. Mr Ferriter’s appointment is effective from today, Friday 1 June and is for a three-year period in accordance with the provision of the Articles of Association of the Panel.

The Irish Takeover Panel is the statutory body responsible for monitoring and supervising takeovers and other relevant transactions in companies in Ireland.

In addition, the Governor has announced the appointment of Ms Jane Marshall  as Chairperson of the Investor Compensation Company DAC (ICCL).  Ms Marshall’s  appointment is effective from today, Friday 1 June  and is for a three-year period in accordance with section 18(5) if the Investor Compensation Act, 1998.

The ICCL operates Ireland’s statutory compensation fund for eligible clients of investment firms.

Notes

Section 6(1)(c) of the Irish Takeover Panel Act 1997 provides that the Governor of the Central Bank shall nominate and appoint the chairperson and deputy chairperson.

Section 18(5) of the Investor Compensation Act 1998 provides that the Governor of the Central Bank shall nominate and appoint the chairperson and deputy chairperson of the Board.

Original Article Here

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