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Part XXIII Companies and Credit and Financial Institutions (Branch Disclosure) Regulations (Northern Ireland) 1993

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Registration

4.  After Article 642 there shall be inserted—

Change in registration regime

642A(1) Where a company ceases to be a company to which Article 640A applies and, immediately after ceasing to be such a company—

(a)continues to have in Northern Ireland a place of business which it had immediately before ceasing to be such a company, and

(b)does not have a branch in Great Britain,

it shall be treated for the purposes of Article 641 as having established the place of business on the date when it ceased to be a company to which Article 640A applies.

(2) Where a limited company incorporated outside the United Kingdom and Gibraltar—

(a)ceases to have a branch in Great Britain, and

(b)both immediately before and immediately after ceasing to do so, has a place of business, but not a branch, in Northern Ireland,

it shall be treated for the purposes of Article 641 as having established the place of business on the date when it ceased to have a branch in Great Britain.

(3) Schedule 20B (transitional provisions in relation to change in registration regime) shall have effect..

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