Section 33 of the Act of 2015 is amended by the insertion of the following subsection after subsection (3):
"(4) Save as otherwise provided by this Act or by the instrument of incorporation of the ICAV -
(a) an ICAV's common seal shall be used only by the authority of its directors, or of a committee of its directors authorised by its directors in that behalf, and
(b) any instrument to which an ICAV's common seal shall be affixed shall be -
(i) signed by a director of it or by some other person appointed for the purpose by its directors or by a foregoing committee of them, and
(ii) be countersigned by the secretary or by a second director of it or by some other person appointed for the purpose by its directors or by a foregoing committee of them.".