Companies Act 2006

[F1790BCompanies to which this Part appliesU.K.

This section has no associated Explanatory Notes

(1)This Part applies to companies other than—

[F2(a)companies with voting shares admitted to trading on a [F3UK regulated market or an EU regulated market], and]

(b)companies of any description specified by the Secretary of State by regulations.

(2)In deciding whether to specify a description of company, the Secretary of State is to have regard to the extent to which companies of that description are bound by disclosure and transparency rules (in the United Kingdom or elsewhere) [F4which are contained in international standards and are equivalent to those applicable to companies referred to in subsection (1)(a)] .

F5(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)Regulations under this section are subject to affirmative resolution procedure.

[F6(5)In this section—

  • “voting shares” means shares carrying voting rights;

  • “voting rights” means rights to vote at general meetings of the company in question, including rights that arise only in certain circumstances.]]

Textual Amendments

F1Pt. 21A inserted (26.5.2015 for specified purposes, 6.4.2016 except for the insertion of ss. 790M(9)(c), 790W-790ZE and 30.6.2016 so far as not already in force) by Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 3 para. 1; S.I. 2015/1329, reg. 3(a); S.I. 2015/2029, regs. 4(a), 5(a)