Seanad debates

Tuesday, 26 April 2005

Investment Funds, Companies and Miscellaneous Provisions Bill 2005: Committee and Remaining Stages.

 

4:00 pm

Photo of Michael AhernMichael Ahern (Cork East, Fianna Fail)

This amendment provides that an offering document prepared for a local offer must be sent to the Companies Registration Office, CRO, for registration. It is considered that the CRO should be the place that all information on companies is disclosed to third parties. The CRO has invested heavily in ICT systems and processes and where information is filed in the CRO it can be viewed on-line within a short time of receipt.

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