Companies (Amendment) (No. 3) Bill 1999

Public bill · Government · Presented

Allows financial institutions managing share or bond issues to buy securities temporarily to support their market price, without breaching insider-dealing rules, provided they follow strict safeguards. Public documents must disclose the possibility, prices and activity are capped, transactions must be recorded and reported, and related shareholding-disclosure rules are adjusted.

Formal long title

Bill entitled an Act to amend and extend Parts IV and V of the Companies Act, 1990, to permit stabilising activity in relation to the issue or sale of securities and to provide for connected matters

Last updated 12 April 2018