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Securities (Disclosure Compensation)

Volume 330: debated on Friday 30 April 1999

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To ask the Secretary of State for Trade and Industry if he will seek to introduce a section equivalent to section 150 of the Financial Services Act 1986 to the Companies Acts. [82647]

The Government currently have no plans to introduce legislation to this effect. However, the roles and liabilities of directors and auditors will be examined as part of the Company Law Review.