The Prospectus Regulations 2005

This section has no associated Explanatory Memorandum

8.  In subsection (1) of section 97 (appointment by competent authority of persons to carry out investigations)—

(a)in paragraph (a), for “breach of Part 6 rules” substitute “contravention of a provision of this Part or of Part 6 rules or a provision otherwise made in accordance with the prospectus directive”;

(b)in paragraph (b), for the words after “a director of” substitute “a person mentioned in section 91(1) or (1A) has been knowingly concerned in a contravention of a provision of this Part or of Part 6 rules or a provision otherwise made in accordance with the prospectus directive by that person”;

(c)in paragraph (d), after “85” insert “, 87G”.