S.I. No. 294/2014 - Investor Compensation Act 1998 (Representatives of Financial Services Industry) Regulations 2014.

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 1st July, 2014.

I, MICHAEL NOONAN, Minister for Finance, in exercise of the powers conferred on me by section 18 (3) of the Investor Compensation Act 1998 (No. 37 of 1998), hereby make the following regulations:

1. These Regulations may be cited as the Investor Compensation Act 1998 (Representatives of Financial Services Industry) Regulations 2014.

2. The following are bodies which appear to the Minister to represent the financial services industry:

(a) the Irish Brokers Association Ltd.;

(b) the Irish Stock Exchange p.l.c.;

(c) the Irish Bankers Federation;

(d) the Irish Association of Investment Managers;

(e) the Professional Insurance Brokers Association Ltd..

3. The Investor Compensation Act 1998 (Prescription of Bodies) Regulations 1998 ( S.I. No. 280 of 1998 ) are revoked.

GIVEN under my Official Seal,

30 May 2014.

MICHAEL NOONAN,

Minister for Finance.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

Following the restructuring of the Irish Stock Exchange, an amendment is required in order to reflect the change in its corporate structure and name. This amendment will allow the Irish Stock Exchange p.l.c. (CRO Registration Number 539157) replace the Irish Stock Exchange Limited (CRO Registration Number 233947) as one of the bodies representative of the financial services industry who may nominate directors to the Board of the Investor Compensation Company.