Companies (Amendment) Act, 1999

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Restriction of section 108 of Act of 1990.

2.—Section 108 of the Act of 1990 shall not be regarded as having been contravened by reason of—

(a) anything done in the State for the purpose of stabilising or maintaining the market price of securities if it is done in conformity with the Stabilisation Rules, or

(b) any action taken during the stabilising period by a person in any jurisdiction other than the State for the purpose of stabilising or maintaining the market price of securities, but only if the action taken is, in all material respects, permitted by or is otherwise in accordance with all relevant requirements applicable to such actions in the jurisdiction where such action is effected, including, if those securities are also listed on a stock exchange in that jurisdiction, the rules or other regulatory requirements governing that stock exchange.