Penalties for breach of Part 6 rules
This section has no associated Explanatory Memorandum
26.—(1) Section 91 (penalties for breach of Part 6 rules) is amended as follows.
(2) In subsection (1A)(1)—
(a)in paragraph (e) for the words after “whom” substitute “any provision of, or made in accordance with, the prospectus regulation applies”; and
(b)in the words after paragraph (e)—
(i)for “otherwise” substitute “of or”; and
(ii)for “prospectus directive” substitute “prospectus regulation,”.
(1)
Inserted by S.I. 2005/1433.