Patrick O'Donovan (Limerick County, Fine Gael) | Oireachtas source

I move amendment No. 3:

In page 15, between lines 3 and 4, to insert the following: “Amendment of section 1349 of Act of 2014

16. Section 1349(1) of the Act of 2014 is amended—

(a) in subparagraph (vi), by the substitution of “time.” for “time;”, and

(b) by the deletion of subparagraphs (vii) and (viii).”.

This grouping involvesremoving the word “promoter” and “anyone who has authorised the issue of a prospectus” other than the Central Bank of Ireland from the list of persons deemed liable in section 1349(1) of the Companies Act. This is required in order to align with the equivalent list of persons deemed responsible under the Prospectus Regulation transposed by way of a statutory instrument of 19 July 2019. As a consequence of this alignment I propose the removal of section 1350 subsection (1A) of the Companies Act, which is no longer required and is a technical amendment.