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

I move amendment No. 4:

In page 15, between lines 6 and 7, to insert the following: “Amendment of section 1350 of Act of 2014

17. Section 1350 of the Act of 2014 is amended—

(a) by the substitution of the following subsection for subsection (1):

“(1) A person shall not be liable under section 1349 solely on the basis of a summary of a prospectus or the specific summary of an EU Growth Prospectus (including a translation of either such summary), unless—

(a) it is misleading, inaccurate or inconsistent when read together with other parts of the prospectus, or

(b) it does not provide, when read together with other parts of the prospectus, key information in order to aid investors when determining whether to invest in the securities concerned.”,

and

(b) by the deletion of subsection (1A).”.