Seanad debates
Tuesday, 26 April 2005
Investment Funds, Companies and Miscellaneous Provisions Bill 2005: Committee and Remaining Stages.
3:00 pm
Mary White (Fianna Fail)
While the new regime of administrative sanctions is welcome, it is important to retain a criminal sanction regime similar to the one which is currently in operation. While provision is made in Part V of the Companies Act 1990, it will be repealed in the regulations transposing the market abuse directive. We should use whatever mechanism provides maximum legal certainty for that purpose.
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