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Amendment of section 1363 of Act of 2014
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22. Section 1363 of the Act of 2014 is amended—
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(a) in subsection (1), by the substitution of “the Domestic Regulations” for “Irish prospectus law”,
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(b) in subsection (2)—
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(i) in each place where it occurs, other than in paragraph (a), by the substitution of “EU prospectus law or Irish prospectus law” for “Irish prospectus law”, and
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(ii) in paragraph (a), by the substitution of “EU prospectus law and Irish prospectus law” for “Irish prospectus law”,
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(c) by the deletion of subsection (3),
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(d) in subsection (4), by the substitution of “EU prospectus law or Irish prospectus law” for “Irish prospectus law” in each place where it occurs,
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(e) in subsection (6)—
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(i) by the substitution of “EU prospectus law or Irish prospectus law” for “Irish prospectus law”, and
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(ii) by the substitution of “Prospectus Regulation” for “2003 Prospectus Directive”,
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(f) by the substitution of the following for subsection (7):
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“(7) The provisions of the Domestic Regulations that relate to the imposition of administrative sanctions shall apply in relation to a contravention of rules under this section as they apply in relation to a contravention of a provision of EU prospectus law and, accordingly, a sanction that may be imposed pursuant to those provisions of the Domestic Regulations in respect of a contravention of a provision of EU prospectus law may, in accordance with the Domestic Regulations, be imposed in respect of a contravention of rules under this section.”,
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and
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(g) in subsection (8), by the substitution of “EU prospectus law or Irish prospectus law” for “Irish prospectus law”.
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