Central Bank appoints chairpersons of Takeover Panel and Investment Compensation Company DAC (ICCL)

The Governor of the Central Bank of Ireland, Gabriel Makhlouf, has announced the re-appointment of Mr Cian Ferriter SC, as Chairperson of the Irish Takeover Panel. Mr Ferriter’s re-appointment is effective from today, 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 relevant companies in Ireland.

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