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The Enterprise Act 2002 (Specification of Additional Section 58 Consideration) Order 2008

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Amendment of Schedule 8 to the Enterprise Act 2002

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4.  In Schedule 8 of that Act (provision that may be contained in certain enforcement orders), after paragraph 20A insert—

Maintaining the stability of the UK financial system

20B.(1) This paragraph applies for the purposes of a relevant order under paragraph 5, 10 or 11 of Schedule 7 (enforcement orders in cases relating to the stability of the UK financial system) but not for any other purposes of Part 3 or 4 or any other enactment.

(2) The order may make such provision as the person making the order considers to be appropriate in the interest of maintaining the stability of the UK financial system.

(3) Such provision may, in particular, include provision requiring a person to do, or not to do, particular things.

(4) This paragraph is without prejudice to the operation of the other paragraphs of this Schedule in relation to the order.

(5) In this paragraph “relevant order” means an order—

(a)which is to be made following the giving of an intervention notice or special intervention notice which mentions the consideration specified in section 58(2D) (including, in the case of a notice given before the consideration was so specified, an intervention notice which mentions the consideration as a consideration which ought to be specified in section 58); and

(b)to which the consideration is still relevant..

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