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The Companies Act 2006 (Amendment of Part 21A) Regulations 2016
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- 2016 No. 136
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EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations make two minor amendments to Part 21A of the Companies Act 2006.
The amendment to subsection (4) of section 790C has the effect that an individual with significant control over a company is registrable in relation to that company if the individual holds an interest in the company directly, or if each of the individual’s indirect majority stake interests is not held through at least one relevant legal entity.
The amendment to subsection (8) of section 790C has the effect that a relevant legal entity, as defined in subsection (6), is registrable in relation to a company if the relevant legal entity holds an interest in the company directly, or if each of its indirect majority stake interests is not held through at least one other relevant legal entity.
A full impact assessment has not been produced for these Regulations as no impact on the private or voluntary sectors is foreseen.
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