Investment Funds, Companies and Miscellaneous Provisions Act 2005

Regulations (Part 5).

46.—(1) The Minister may make regulations for the purposes of—

(a) giving effect to the 2003 Prospectus Directive, and

(b) supplementing and making consequential provision in respect of the Prospectus Regulation.

(2) Regulations under this section may contain such incidental, supplementary and consequential provisions as appear to the Minister to be necessary or expedient for the purposes of those regulations, including—

(a) provisions creating offences (but the regulations may only provide penalties in respect of a summary conviction for any such offence), and

(b) provisions revoking instruments made under other enactments.

(3) This section is without prejudice to section 3 of the European Communities Act 1972 .