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Companies Bill [HL]

My Lords, I rise to resist Amendment No. 984A. Clause 899, as amended by government Amendment No. 984, applies only in respect of reports or statements published in response to provisions implementing the obligations in the transparency directive. It cannot therefore apply to anything that is published before FSA rules come into force. FSA rules will not be able to come into force until the Bill achieves Royal Assent. The regime will then apply to all publications that are made in association with those rules. There is no question of this provision affecting any right of action that will have accrued before the Act achieves Royal Assent or before the provision itself comes into force. Therefore, I ask the noble Lord not to press his amendment. On Question, Motion agreed to.