Interpretation: Second Schedule.
1. In this Schedule -
"direction" means a direction given under section 27;
"investment firm" includes every director or other person who has responsibility for managing an investment firm.
When a direction is to terminate.
2. A direction in force in relation to an investment firm terminates -
(a) at the end of the period specified in the direction, or
(b) [not yet in force]
if on the hearing of an appeal against the direction the Irish Financial Services Appeals Tribunal varies that period, at the end of that period as varied, or
(c) if the firm is a body corporate and a winding-up order is made in respect of the firm, or
(d) if the firm is an unincorporated body and a dissolution order is made in respect of the firm, or
(e) if the firm is a sole trader and the firm is adjudicated bankrupt, on the adjudication,
whichever first occurs.
What happens when direction is in force.
3. If a direction is in force in relation to an investment firm
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