PART 2 AMENDMENTS TO THE COMPANIES LEGISLATION

The Companies' Act 1989 (c. 40)

83 Application of certain provisions for purposes of Part 7
1 Section 169 of the Companies Act 1989 (Part 7: supplementary provisions) is amended as follows.
2 In subsection (2) for the words from the beginning to “apply” substitute “Sections 296 and 297 of the Financial Services and Markets Act 2000 apply”.
3 In subsection (3)—
(a) for “Financial Services Act 1986, the Secretary of State” substitute “Financial Services and Markets Act 2000, the appropriate authority”; and
(b) for “he” substitute “it”.
4 After that subsection insert—

“3A “The appropriate authority” means—
(a) in the case of an overseas investment exchange or clearing house, the Treasury; and
(b) in the case of a UK investment exchange or clearing house, the Authority.”

.
5 In subsection (5)—
(a) for the words from the beginning to “applies” substitute “Regulations under section 414 of the Financial Services and Markets Act 2000 (service of notices) may make provision”; and
(b) for “Secretary of State” substitute “Treasury or the Authority”.