Disclosure of the Organisation’s interests in companies
7 Disclosure of the Organisation’s interests in companies
If the Organisation subscribes for or purchases debentures, or other securities, of a company, the Minister shall:
cause to be prepared a statement setting out particulars of, and the reasons for, the subscription or purchase; and
cause a copy of the statement to be laid before each House of the Parliament within 15 sitting days of that House after:
subject to subparagraph (ii), the subscription or purchase took place; or
if the Minister is of the opinion that the disclosure of the subscription or purchase would affect adversely the commercial interests of the Organisation, the Minister ceases to be of that opinion.
This section does not apply in relation to a matter that gives rise to an obligation under section 72 of the Public Governance, Performance and Accountability Act 2013 (which deals with tabling of notices relating to matters such as acquisition of shares).
This Act’s bill:Second reading speech
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