(1) An ICAV may apply to the Bank to be struck off the register of ICAVs if the following conditions are satisfied:
(a) the circumstances relating to the ICAV are such as to give the Bank reasonable cause to believe that it has never carried on business or has ceased to carry on business;
(b) the ICAV has, within 3 months before the date of the application, by special resolution -
(i) resolved to apply to the Bank to be struck off on the ground that it has never carried on business or has ceased to carry on business, and
(ii) resolved that pending the determination of its application to be struck off (or, should it sooner occur, the cancellation, at its request, of this process), the ICAV will not carry on any business or incur any liabilities;
(c) the ICAV has delivered to the Bank a certificate, in such form as may be specified by the Bank and signed by each director, certifying that as at the date of the application -
(i) the amount of any assets of the ICAV does not exceed €150,
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