The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011

The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544)

13.—(1) The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 is amended as follows.

(2) In article 3(1) (interpretation), in the definition of “pension fund management contract”, for the words from “section 736” to the end substitute “section 1159 of the Companies Act 2006”.

(3) In article 18A(1) (dealing by a company in its own shares)—

(a) in paragraph (1), for “section 162A of the Companies Act 1985”(2) substitute “section 724 of the Companies Act 2006”;

(b) in paragraph (2), for the words from “section 162D”(3) to the end substitute “section 727 (Treasury shares: disposal) or 729 (Treasury shares: cancellation) of that Act”.

(4) In article 30(2)(a) (arranging transactions in connection with lending on the security of insurance policies), for “section 338 of the Companies Act 1985” substitute “section 209 of the Companies Act 2006”.

(5) In article 72B(1)(4) (activities carried on by a provider of relevant goods or services), in the definition of “small business”(5), for the words from “section 262(1)” to “the Companies Act 2006)” substitute “section 474(1) of the Companies Act 2006”.

(6) In article 72D(3)(6) (large risks contracts where risk situated outside the EEA)—

(a) in sub–paragraph (a), for the words in brackets substitute “(within the meaning of section 382(5) or 465(5) of the Companies Act 2006)”;

(b) in sub–paragraph (b), for the words in brackets substitute “(within the meaning given to “turnover” by section 474(1) of the Companies Act 2006)”;

(c) in sub–paragraph (c), for the words in brackets substitute “(within the meaning given by sections 382(6) and 465(6) of the Companies Act 2006)”.

(1)

Article 18A was inserted by S.I. 2003/2822.

(2)

Section 162A was inserted by S.I. 2003/1116.

(3)

Section 162D was inserted by S.I.2003/1116.

(4)

Article 72B was inserted by S.I. 2003/1476.

(5)

The definition of “small business” was inserted by S.I. 2007/3510.

(6)

Article 72D was inserted by S.I. 2003/1476.