Clause 899

Part of Company Law Reform Bill [Lords] – in a Public Bill Committee at 9:30 am on 6 July 2006.

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Photo of Jonathan Djanogly Jonathan Djanogly Shadow Minister (Business, Innovation and Skills), Shadow Solicitor General, Shadow Minister (Justice), Shadow Solicitor General 9:30, 6 July 2006

Yes. Of course, there are different regimes for the two markets, and I will not say that they should be merged, because this country obtains a huge competitive advantage from having a different regime. However, I cannot see an argument for the liability that attaches to directors when producing company documentation being greater in respect of writing wrong things in one document than in respect of doing so in another. Likewise, the protection that directors have should be similar.