Michael Ahern (Cork East, Fianna Fail)

I move amendment No. 25:

In page 11, to delete lines 43 to 52 and substitute the following:

"(6) The provisions of transparency (regulated markets) law that are expressed by that law to be made for the purpose of enabling the imposition of administrative sanctions shall apply in relation to a contravention of—

(a) rules under this section, and

(b) rules adopted by the Irish Auditing and Accounting Supervisory Authority under section 10(3) of the Companies (Auditing and Accounting) Act 2003 concerning the matters that relate to its functions under section 9(2)(ma) of that Act,

as they apply in relation to a contravention of a provision of transparency (regulated markets) law and, accordingly, a sanction that may be imposed pursuant to the first mentioned provisions of transparency (regulated markets) law in respect of a contravention of a provision of that law may, in accordance with that law, be imposed in respect of a contravention of rules referred to in either of the foregoing paragraphs.".

See this speech in context