Oireachtas Joint and Select Committees
Wednesday, 6 November 2013
Select Committee on Jobs, Enterprise and Innovation
Companies Bill 2012: Committee Stage (Resumed)
11:15 am
Seán Sherlock (Cork East, Labour)
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If they are already incorporated into EU law, they are inherent. I have an open mind. They are already in the regulations.
Sections 1338 to 1355, concerning public offers of securities, provides the statutory basis for regulations transposing the prospectus directive, 2003/71/EC. These provisions are taken from Part 5 of the Investment Funds, Companies and Miscellaneous Provisions Act 2005. In essence, Part 23 speaks to the EU regulations governing the very section on which the Deputy has posed the question.