Seanad debates
Tuesday, 26 April 2005
Investment Funds, Companies and Miscellaneous Provisions Bill 2005: Committee and Remaining Stages.
4:00 pm
Derek McDowell (Labour)
The purpose of the directive is to give some sort of comeback against individuals who are involved in drawing up the information included in the prospectus. We are then going on to say that, in fact, most companies offering shares need not bother doing this, which appears to me to devalue the whole purpose of the directive in the first place. I understand where the Minister is coming from.
No comments