PART 2AMENDMENTS TO THE COMPANIES LEGISLATION

The Companies' Act 1989 (c. 40)

Application of certain provisions for purposes of Part 783

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”.