May 1999
Accountancy;May99, Vol. 123 Issue 1269, p72
Trade Publication
New laws incorporated in the Insolvency (Amendment) Rules 1999 have come into force in Great Britain. The register contains details of bankruptcy and individual voluntary arrangements. The register will contain details of bankruptcies usually for five years after the date of the bankruptcy order, or two years after the completion or termination of an individual voluntary agreement. Public Offers of Securities (Amendment) Regulations 1999 have come into force on May 10, 1999. They are intended to improve the framework for offering securities in Great Britain and to assist companies, particularly smaller ones, to raise capital or operate employee share schemes. They will also facilitate cross-border offers of securities into Great Britain from elsewhere within the European Economic Area.


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