<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40" NumberOfProvisions="681" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictExtent="E+W+S+N.I." RestrictStartDate="2024-01-04"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/ukpga/1989/40</dc:identifier><dc:title>Companies Act 1989</dc:title><dc:description>An Act to amend the law relating to company accounts; to make new provision with respect to the persons eligible for appointment as company auditors; to amend the Companies Act 1985 and certain other enactments with respect to investigations and powers to obtain information and to confer new powers exercisable to assist overseas regulatory authorities; to make new provision with respect to the registration of company charges and otherwise to amend the law relating to companies; to amend the Fair Trading Act 1973; to enable provision to be made for the payment of fees in connection with the exercise by the Secretary of State, the Director General of Fair Trading and the Monopolies and Mergers Commission of their functions under Part V of that Act; to make provision for safeguarding the operation of certain financial markets; to amend the Financial Services Act 1986; to enable provision to be made for the recording and transfer of title to securities without a written instrument; to amend the Company Directors Disqualification Act 1986, the Company Securities (Insider Dealing) Act 1985, the Policyholders Protection Act 1975 and the law relating to building societies; and for connected purposes.</dc:description><dc:date>1989-11-16</dc:date><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2024-05-17</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2024-01-04</dct:valid>
					
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					<atom:link rel="http://purl.org/dc/terms/replaces" href="http://www.legislation.gov.uk/ukpga/1989/40/2023-12-31" title="2023-12-31"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1989/40/enacted" title="enacted"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1989/40/1991-02-01" title="1991-02-01"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1989/40/1991-02-04" title="1991-02-04"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1989/40/1991-03-25" title="1991-03-25"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1989/40/1991-04-01" title="1991-04-01"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1989/40/1991-04-25" title="1991-04-25"/><atom:link rel="http://purl.org/dc/terms/hasVersion" 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href="http://www.legislation.gov.uk/ukpga/1989/40/1992-06-07" title="1992-06-07"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1989/40/1992-10-16" title="1992-10-16"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1989/40/1993-02-01" title="1993-02-01"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1989/40/1993-08-01" title="1993-08-01"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1989/40/1993-08-16" title="1993-08-16"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1989/40/1994-01-01" title="1994-01-01"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1989/40/1994-02-28" title="1994-02-28"/><atom:link rel="http://purl.org/dc/terms/hasVersion" 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					<ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="1989"/><ukm:Number Value="40"/><ukm:EnactmentDate Date="1989-11-16"/><ukm:UnappliedEffects><ukm:UnappliedEffect AffectedYear="1989" AffectingEffectsExtent="E+W+S+N.I." AffectingURI="http://www.legislation.gov.uk/id/ukpga/2006/46" Row="6" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingProvisions="Sch. 16" EffectId="key-634e5212e3358e3e7fdb21fd564cfdf5" AffectingClass="UnitedKingdomPublicGeneralAct" AffectingNumber="46" AffectingYear="2006" Modified="2021-09-13T18:17:13Z" AffectedExtent="E+W+S" RequiresApplied="true" AffectedNumber="40" URI="http://www.legislation.gov.uk/id/effect/key-634e5212e3358e3e7fdb21fd564cfdf5" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1989/40" Type="repealed" AffectedProvisions="s. 56(5)"><ukm:AffectedTitle>Companies Act 1989</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-56-5" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/56/5">s. 56(5)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Companies Act 2006</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-16" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16">Sch. 16</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-1300-2" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2">s. 1300(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingEffectsExtent="E+W+S+N.I." AffectedExtent="E+W+S" AffectedNumber="40" Type="repealed" AffectedProvisions="s. 57" EffectId="key-f180c02c2def1fe7b0a0c84b22e0f812" AffectingYear="2006" RequiresApplied="true" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2006/46" AffectingNumber="46" URI="http://www.legislation.gov.uk/id/effect/key-f180c02c2def1fe7b0a0c84b22e0f812" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingClass="UnitedKingdomPublicGeneralAct" Row="7" Modified="2021-09-13T18:17:13Z" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1989/40" AffectingProvisions="Sch. 16" AffectedYear="1989"><ukm:AffectedTitle>Companies Act 1989</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-57" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/57">s. 57</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Companies Act 2006</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-16" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16">Sch. 16</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-1300-2" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2">s. 1300(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect Modified="2021-09-13T18:17:13Z" AffectedNumber="40" AffectingEffectsExtent="E+W+S+N.I." AffectedURI="http://www.legislation.gov.uk/id/ukpga/1989/40" Row="8" AffectingClass="UnitedKingdomPublicGeneralAct" RequiresApplied="true" EffectId="key-cbf018f1bb741d901dd62bcfd748a453" AffectedYear="1989" AffectingProvisions="Sch. 16" AffectedExtent="E+W+S" AffectedProvisions="s. 64(2)" URI="http://www.legislation.gov.uk/id/effect/key-cbf018f1bb741d901dd62bcfd748a453" AffectingYear="2006" Type="repealed" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingNumber="46" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2006/46"><ukm:AffectedTitle>Companies Act 1989</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-64-2" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/64/2">s. 64(2)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Companies Act 2006</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-16" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16">Sch. 16</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-1300-2" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2">s. 1300(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedNumber="40" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2006/46" AffectingEffectsExtent="E+W+S+N.I." AffectedURI="http://www.legislation.gov.uk/id/ukpga/1989/40" AffectingClass="UnitedKingdomPublicGeneralAct" Modified="2021-09-13T18:17:13Z" AffectingProvisions="Sch. 16" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedProvisions="s. 66(3)" AffectedYear="1989" EffectId="key-a321607721ae49a7be81f5b6be72ab75" AffectedExtent="E+W+S" RequiresApplied="true" AffectingYear="2006" Row="9" AffectingNumber="46" URI="http://www.legislation.gov.uk/id/effect/key-a321607721ae49a7be81f5b6be72ab75" Type="repealed"><ukm:AffectedTitle>Companies Act 1989</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-66-3" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/66/3">s. 66(3)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Companies Act 2006</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-16" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16">Sch. 16</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-1300-2" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2">s. 1300(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect Modified="2021-09-13T18:17:13Z" AffectedProvisions="s. 71" AffectingYear="2006" EffectId="key-eeee0486aa5b266517700e5575059084" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingProvisions="Sch. 16" AffectedNumber="40" AffectingEffectsExtent="E+W+S+N.I." AffectingNumber="46" URI="http://www.legislation.gov.uk/id/effect/key-eeee0486aa5b266517700e5575059084" AffectedExtent="E+W+S" RequiresApplied="true" Row="10" Type="repealed" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1989/40" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2006/46" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedYear="1989"><ukm:AffectedTitle>Companies Act 1989</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-71" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/71">s. 71</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Companies Act 2006</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-16" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16">Sch. 16</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-1300-2" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2">s. 1300(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect URI="http://www.legislation.gov.uk/id/effect/key-d770ebbce28a570299378da525f9cc21" AffectingProvisions="Sch. 16" AffectedNumber="40" Comments="Range ss. 113-138 repealed but brought into force incrementally on sld and new editorial system, so split into separate repeals" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedExtent="E+W+S" AffectingClass="UnitedKingdomPublicGeneralAct" Modified="2021-09-13T18:17:13Z" Type="repealed" Row="12" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1989/40" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2006/46" EffectId="key-d770ebbce28a570299378da525f9cc21" AffectingEffectsExtent="E+W+S+N.I." AffectingNumber="46" AffectedProvisions="s. 135" AffectedYear="1989" RequiresApplied="true" AffectingYear="2006"><ukm:AffectedTitle>Companies Act 1989</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-135" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/135">s. 135</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Companies Act 2006</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-16" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16">Sch. 16</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-1300-2" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2">s. 1300(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedProvisions="s. 144(6)" AffectedNumber="40" AffectedYear="1989" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingEffectsExtent="E+W+S+N.I." Type="repealed" Row="14" AffectingYear="2006" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1989/40" EffectId="key-94be0ad5f60fef11aa55d277fff013ba" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2006/46" AffectingProvisions="Sch. 16" AffectingClass="UnitedKingdomPublicGeneralAct" RequiresApplied="true" AffectedExtent="E+W+S" Modified="2021-09-13T18:17:13Z" URI="http://www.legislation.gov.uk/id/effect/key-94be0ad5f60fef11aa55d277fff013ba" AffectingNumber="46"><ukm:AffectedTitle>Companies Act 1989</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-144-6" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/144/6">s. 144(6)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Companies Act 2006</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-16" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16">Sch. 16</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-1300-2" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2">s. 1300(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect URI="http://www.legislation.gov.uk/id/effect/key-fc117d3f49a1199a651e2430048bfe3f" Notes="This amendment was superseded by the effect of S.I. 2013/504, regs. 1(2), 4(19), Sch." Row="15" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedExtent="E+W+S+N.I." AffectedYear="1989" AffectingEffectsExtent="E+W+S+N.I." Modified="2021-09-13T18:17:13Z" Comments="TOES - superseded by S.I. 2013/504, regs. 1(2), 4(19), Sch. - TOES - superseded by S.I. 2013/504, regs. 1(2), 4(19), Sch." AffectedNumber="40" AffectingClass="UnitedKingdomPublicGeneralAct" AffectingYear="2012" AffectingProvisions="Sch. 18 para. 71(2)" EffectId="key-fc117d3f49a1199a651e2430048bfe3f" AffectingNumber="21" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1989/40" RequiresApplied="false" Type="words omitted" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2012/21" AffectedProvisions="s. 191"><ukm:AffectedTitle>Companies Act 1989</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-191" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/191">s. 191</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services Act 2012</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-18" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18">Sch. 18 </ukm:Section><ukm:Section Ref="schedule-18-paragraph-71-2" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/71/2">para. 71(2)</ukm:Section></ukm:AffectingProvisions><ukm:Savings><ukm:Section Ref="schedule-20" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20">Sch. 20</ukm:Section></ukm:Savings><ukm:CommencementAuthority><ukm:Section Ref="section-122-3" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3">s. 122(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Prospective="true" Qualification=""/><ukm:InForce CommencingURI="http://www.legislation.gov.uk/id/uksi/2013/423" CommencingClass="UnitedKingdomStatutoryInstrument" Date="2013-04-01" Qualification="wholly in force" CommencingYear="2013" CommencingNumber="423"><ukm:CommencingProvisions><ukm:Section Ref="article-3" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3">art. 3</ukm:Section><ukm:Section Ref="schedule" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule">Sch.</ukm:Section></ukm:CommencingProvisions></ukm:InForce></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedYear="1989" AffectingYear="2012" AffectedNumber="40" URI="http://www.legislation.gov.uk/id/effect/key-369e338b43270442c8fd44029ea8f25d" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2012/21" Notes="This amendment was superseded by the effect of S.I. 2013/504, regs. 1(2), 4(19), Sch." AffectedProvisions="s. 191" AffectingEffectsExtent="E+W+S+N.I." RequiresApplied="false" Row="16" Type="words inserted" Comments="TOES - superseded by S.I. 2013/504, regs. 1(2), 4(19), Sch. - TOES - superseded by S.I. 2013/504, regs. 1(2), 4(19), Sch." AffectingProvisions="Sch. 18 para. 71(3)" AffectedExtent="E+W+S+N.I." Modified="2021-09-13T18:17:13Z" AffectingNumber="21" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1989/40" EffectId="key-369e338b43270442c8fd44029ea8f25d" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedClass="UnitedKingdomPublicGeneralAct"><ukm:AffectedTitle>Companies Act 1989</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-191" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/191">s. 191</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services Act 2012</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-18" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18">Sch. 18 </ukm:Section><ukm:Section Ref="schedule-18-paragraph-71-3" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/71/3">para. 71(3)</ukm:Section></ukm:AffectingProvisions><ukm:Savings><ukm:Section Ref="schedule-20" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20">Sch. 20</ukm:Section></ukm:Savings><ukm:CommencementAuthority><ukm:Section Ref="section-122-3" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3">s. 122(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Prospective="true" Qualification=""/><ukm:InForce CommencingURI="http://www.legislation.gov.uk/id/uksi/2013/423" CommencingClass="UnitedKingdomStatutoryInstrument" Date="2013-04-01" Qualification="wholly in force" CommencingYear="2013" CommencingNumber="423"><ukm:CommencingProvisions><ukm:Section Ref="article-3" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3">art. 3</ukm:Section><ukm:Section Ref="schedule" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule">Sch.</ukm:Section></ukm:CommencingProvisions></ukm:InForce></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect Modified="2021-09-13T18:17:13Z" AffectingEffectsExtent="E+W+S+N.I." AffectedExtent="E+W+S+N.I." AffectingNumber="21" AffectedYear="1989" EffectId="key-0edd7ef8031586316c91c93db9825c9e" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1989/40" RequiresApplied="false" AffectingProvisions="Sch. 18 para. 71(4)" Row="17" AffectedNumber="40" AffectingClass="UnitedKingdomPublicGeneralAct" Comments="TOES - superseded by S.I. 2013/504, regs. 1(2), 4(19), Sch. - TOES - superseded by S.I. 2013/504, regs. 1(2), 4(19), Sch." URI="http://www.legislation.gov.uk/id/effect/key-0edd7ef8031586316c91c93db9825c9e" Notes="This amendment was superseded by the effect of S.I. 2013/504, regs. 1(2), 4(19), Sch." AffectingURI="http://www.legislation.gov.uk/id/ukpga/2012/21" Type="words inserted" AffectingYear="2012" AffectedProvisions="s. 191" AffectedClass="UnitedKingdomPublicGeneralAct"><ukm:AffectedTitle>Companies Act 1989</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-191" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/191">s. 191</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services Act 2012</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-18" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18">Sch. 18 </ukm:Section><ukm:Section Ref="schedule-18-paragraph-71-4" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/71/4">para. 71(4)</ukm:Section></ukm:AffectingProvisions><ukm:Savings><ukm:Section Ref="schedule-20" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20">Sch. 20</ukm:Section></ukm:Savings><ukm:CommencementAuthority><ukm:Section Ref="section-122-3" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3">s. 122(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Prospective="true" Qualification=""/><ukm:InForce CommencingURI="http://www.legislation.gov.uk/id/uksi/2013/423" CommencingClass="UnitedKingdomStatutoryInstrument" Date="2013-04-01" Qualification="wholly in force" CommencingYear="2013" CommencingNumber="423"><ukm:CommencingProvisions><ukm:Section Ref="article-3" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3">art. 3</ukm:Section><ukm:Section Ref="schedule" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule">Sch.</ukm:Section></ukm:CommencingProvisions></ukm:InForce></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedClass="UnitedKingdomPublicGeneralAct" AffectingURI="http://www.legislation.gov.uk/id/ukpga/1994/21" URI="http://www.legislation.gov.uk/id/effect/key-d427d08619f854ca8a3610bec3fb5946" AffectedProvisions="Sch. 18 para. 1" AffectedExtent="E+W+S+N.I." AffectingEffectsExtent="E+W+S+N.I." AffectingClass="UnitedKingdomPublicGeneralAct" Row="18" AffectingProvisions="Sch. 11 Pt. 3" RequiresApplied="true" Type="repealed" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1989/40" AffectedYear="1989" AffectedNumber="40" AffectingNumber="21" EffectId="key-38c64e613e79fceab1f6531474fc9e7f" AffectingYear="1994" Modified="2021-09-13T18:17:13Z"><ukm:AffectedTitle>Companies Act 1989</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="schedule-18" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18">Sch. 18 </ukm:Section><ukm:Section Ref="schedule-18-paragraph-1" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/1">para. 1</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Coal industry Act 1994</ukm:AffectingTitle><ukm:AffectingTitle>Coal Industry Act 1994</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-11" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/schedule/11">Sch. 11 </ukm:Section><ukm:Section Ref="schedule-11-part-III" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/schedule/11/part/III">Pt. 3</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-68-4" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/section/68/4">s. 68(4)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedNumber="40" Type="repealed" AffectedProvisions="s. 140" Row="13" AffectingClass="ScottishAct" AffectedExtent="E+W+S" AffectingProvisions="s. 46(5)" AffectingURI="http://www.legislation.gov.uk/id/asp/2007/3" AffectedYear="1989" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1989/40" RequiresApplied="true" AffectingYear="2007" AffectingNumber="3" Modified="2021-09-13T18:17:13Z" EffectId="key-3b4841393f07fa5b59fbb3375b3fccb5" AffectedClass="UnitedKingdomPublicGeneralAct" URI="http://www.legislation.gov.uk/id/effect/key-bb41035b3c2fe0cd55cf01919085bb33" AffectingEffectsExtent="E+W+S" Comments="treat as whole extent but add &#34;(S.)&#34; in annotation"><ukm:AffectedTitle>Companies Act 1989</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-140" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/140">s. 140</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Bankruptcy and Diligence etc. (Scotland) Act 2007</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-46-5" URI="http://www.legislation.gov.uk/id/asp/2007/3/section/46/5">s. 46(5)</ukm:Section></ukm:AffectingProvisions><ukm:Savings><ukm:Section Ref="section-223" URI="http://www.legislation.gov.uk/id/asp/2007/3/section/223">s. 223</ukm:Section></ukm:Savings><ukm:CommencementAuthority><ukm:Section Ref="section-227-3" URI="http://www.legislation.gov.uk/id/asp/2007/3/section/227/3">s. 227(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingClass="NorthernIrelandOrderInCouncil" Notes="This amendment not applied to legislation.gov.uk. The affecting Order is repealed by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16, the repeal was brought into force on different dates, the final date being 1.10.2009, see S.I. 2008/2860, art. 4, Sch. 1 Pt. 2 (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch. and S.I. 2009/2476, reg. 2(3)(4))); for details of the earlier dates see individual provisions in previous version of the Order" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingProvisions="Sch. 2 para. 22" AffectingNumber="1967" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1989/40" AffectedYear="1989" AffectingEffectsExtent="E+W+S+N.I." AffectingURI="http://www.legislation.gov.uk/id/nisi/2005/1967" Row="11" URI="http://www.legislation.gov.uk/id/effect/key-3f6611055090f504bd22dc2c8c90ba0c" AffectedNumber="40" EffectId="key-dc63ebe1d4683d97a2b012b2838792e2" Type="words inserted" AffectedExtent="E+W+S+N.I." AffectedProvisions="s. 87(4)" Modified="2021-09-13T18:17:13Z" RequiresApplied="false" AffectingYear="2005"><ukm:AffectedTitle>Companies Act 1989</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-87-4" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/4">s. 87(4)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>The Companies (Audit, Investigations and Community Enterprise) (Northern Ireland) Order 2005</ukm:AffectingTitle><ukm:AffectingTitle>The Companies (Audit, Investigations and Community Enterprise) (Northern Ireland) Order 2005 (repealed)</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/nisi/2005/1967/schedule/2">Sch. 2 </ukm:Section><ukm:Section Ref="schedule-2-paragraph-22" URI="http://www.legislation.gov.uk/id/nisi/2005/1967/schedule/2/paragraph/22">para. 22</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="article-1-2" URI="http://www.legislation.gov.uk/id/nisi/2005/1967/article/1/2">art. 1(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect Created="2025-02-05T13:15:05Z" AffectingEffectsExtent="S" AffectedYear="1989" AffectedProvisions="s. 182(3)(b)" AffectingNumber="3" AffectingURI="http://www.legislation.gov.uk/id/asp/2025/3" AffectingYear="2025" AffectingProvisions="sch. 2 para. 3(a)" Row="17" AffectedNumber="40" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingClass="ScottishAct" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1989/40" EffectId="key-0a9da3a5d0eaef6d3f51cad67d2bc7b6" RequiresApplied="true" URI="http://www.legislation.gov.uk/id/effect/asp-2025-3-omtoo5q5-17" Type="words repealed"><ukm:AffectedTitle>Companies Act 1989</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-182-3-b" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/3/b">s. 182(3)(b)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Judicial Factors (Scotland) Act 2025</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/asp/2025/3/schedule/2">sch. 2 </ukm:Section><ukm:Section Ref="schedule-2-paragraph-3-a" URI="http://www.legislation.gov.uk/id/asp/2025/3/schedule/2/paragraph/3/a">para. 3(a)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-54-2" URI="http://www.legislation.gov.uk/id/asp/2025/3/section/54/2">s. 54(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect RequiresApplied="true" AffectingNumber="3" EffectId="key-218c887970bbe8c87f23767edcbab5f1" AffectingURI="http://www.legislation.gov.uk/id/asp/2025/3" Created="2025-02-05T13:15:05Z" AffectedProvisions="s. 182(3)(b)" AffectingProvisions="sch. 2 para. 3(b)" Type="words inserted" AffectingEffectsExtent="S" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1989/40" URI="http://www.legislation.gov.uk/id/effect/asp-2025-3-omtoo5q5-18" AffectedClass="UnitedKingdomPublicGeneralAct" Row="18" AffectedYear="1989" AffectingClass="ScottishAct" AffectedNumber="40" AffectingYear="2025"><ukm:AffectedTitle>Companies Act 1989</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-182-3-b" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/3/b">s. 182(3)(b)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Judicial Factors (Scotland) Act 2025</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/asp/2025/3/schedule/2">sch. 2 </ukm:Section><ukm:Section Ref="schedule-2-paragraph-3-b" URI="http://www.legislation.gov.uk/id/asp/2025/3/schedule/2/paragraph/3/b">para. 3(b)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-54-2" URI="http://www.legislation.gov.uk/id/asp/2025/3/section/54/2">s. 54(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect></ukm:UnappliedEffects></ukm:PrimaryMetadata>
					

                    
									 
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				</ukm:Metadata><Primary><PrimaryPrelims DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/introduction" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/introduction" RestrictExtent="E+W+S" RestrictStartDate="2024-01-04"><Title>Companies Act 1989</Title><Number>1989 c. 40</Number><LongTitle>An Act to amend the law relating to company accounts; to make new provision with respect to the persons eligible for appointment as company auditors; to amend the Companies Act 1985 and certain other enactments with respect to investigations and powers to obtain information and to confer new powers exercisable to assist overseas regulatory authorities; to make new provision with respect to the registration of company charges and otherwise to amend the law relating to companies; to amend the Fair Trading Act 1973; to enable provision to be made for the payment of fees in connection with the exercise by the Secretary of State, the Director General of Fair Trading and the Monopolies and Mergers Commission of their functions under Part V of that Act; to make provision for safeguarding the operation of certain financial markets; to amend the Financial Services Act 1986; to enable provision to be made for the recording and transfer of title to securities without a written instrument; to amend the Company Directors Disqualification Act 1986, the Company Securities (Insider Dealing) Act 1985, the Policyholders Protection Act 1975 and the law relating to building societies; and for connected purposes.</LongTitle><DateOfEnactment><DateText>[16th November 1989]</DateText></DateOfEnactment><PrimaryPreamble><EnactingText><Para><Text><CommentaryRef Ref="c13686961"/>Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—<CommentaryRef Ref="key-1272f1bec7174e5a05c79c89e7b92d2a"/><CommentaryRef Ref="key-e8d98d00c52e064a1114cc989b42abdb"/><CommentaryRef Ref="key-9dba2b872ebf219d8fc595329d41f496"/></Text></Para></EnactingText></PrimaryPreamble></PrimaryPrelims><Body DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/body" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/body" NumberOfProvisions="233" RestrictStartDate="2023-12-31"><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/I" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/I" NumberOfProvisions="23" id="part-I"><Number>Part I</Number><Title> Company Accounts</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/I/crossheading/introduction" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/I/crossheading/introduction" NumberOfProvisions="1" id="part-I-crossheading-introduction"><Title> Introduction</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Introduction.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/1" id="section-1"><Pnumber>1</Pnumber><P1para><Text><CommentaryRef Ref="c18769141"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/I/crossheading/provisions-applying-to-companies-generally" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/I/crossheading/provisions-applying-to-companies-generally" NumberOfProvisions="11" id="part-I-crossheading-provisions-applying-to-companies-generally"><Title> Provisions applying to companies generally</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Accounting records.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/2" id="section-2"><Pnumber>2</Pnumber><P1para><Text><CommentaryRef Ref="c18769151"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> A company’s financial year and accounting reference periods.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/3" id="section-3"><Pnumber>3</Pnumber><P1para><Text><CommentaryRef Ref="c18769161"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Individual company accounts.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/4" id="section-4"><Pnumber>4</Pnumber><P1para><Text><CommentaryRef Ref="c18769171"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Group accounts.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/5" id="section-5"><Pnumber>5</Pnumber><P1para><Text><CommentaryRef Ref="c18769181"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Additional disclosure required in notes to accounts.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/6" id="section-6"><Pnumber>6</Pnumber><P1para><Text><CommentaryRef Ref="c18769191"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Approval and signing of accounts.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/7" id="section-7"><Pnumber>7</Pnumber><P1para><Text><CommentaryRef Ref="c18769201"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Directors’ report.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/8" id="section-8"><Pnumber>8</Pnumber><P1para><Text><CommentaryRef Ref="c18769211"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Auditors’ report.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/9" id="section-9"><Pnumber>9</Pnumber><P1para><Text><CommentaryRef Ref="c18769221"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Publication of accounts and reports.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/10" id="section-10"><Pnumber>10</Pnumber><P1para><Text><CommentaryRef Ref="c18769231"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06" ConfersPower="true"><Title> Laying and delivering of accounts and reports.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/11" id="section-11"><Pnumber>11</Pnumber><P1para><Text><CommentaryRef Ref="c18769241"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Remedies for failure to comply with accounting requirements.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/12" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/12" id="section-12"><Pnumber>12</Pnumber><P1para><Text><CommentaryRef Ref="c18769251"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/I/crossheading/exemptions-and-special-provisions" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/I/crossheading/exemptions-and-special-provisions" NumberOfProvisions="6" id="part-I-crossheading-exemptions-and-special-provisions"><Title> Exemptions and special provisions</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Small and medium-sized companies and groups.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/13" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/13" id="section-13"><Pnumber>13</Pnumber><P1para><Text><CommentaryRef Ref="c18769261"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Dormant companies.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/14" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/14" id="section-14"><Pnumber>14</Pnumber><P1para><Text><CommentaryRef Ref="c18769271"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Public listed companies: provision of summary financial statement.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/15" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/15" id="section-15"><Pnumber>15</Pnumber><P1para><Text><CommentaryRef Ref="c18769281"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2007-10-01"><Title> Private companies: election to dispense with laying of accounts and reports before general meeting.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/16" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/16" id="section-16"><Pnumber>16</Pnumber><P1para><Text><CommentaryRef Ref="c18769291"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Unlimited companies: exemption from requirement to deliver accounts and reports.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/17" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/17" id="section-17"><Pnumber>17</Pnumber><P1para><Text><CommentaryRef Ref="c18769301"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Banking and insurance companies and groups: special provisions.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/18" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/18" id="section-18"><Pnumber>18</Pnumber><P1para><Text><CommentaryRef Ref="c18769311"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/I/crossheading/supplementary-provisions" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/I/crossheading/supplementary-provisions" NumberOfProvisions="4" id="part-I-crossheading-supplementary-provisions"><Title> Supplementary provisions</Title><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Accounting standards.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/19" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/19" id="section-19"><Pnumber>19</Pnumber><P1para><Text><CommentaryRef Ref="c18769321"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Power to alter accounting requirements.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/20" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/20" id="section-20"><Pnumber>20</Pnumber><P1para><Text><CommentaryRef Ref="c18769331"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Parent and subsidiary undertakings.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/21" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/21" id="section-21"><Pnumber>21</Pnumber><P1para><Text><CommentaryRef Ref="c18769341"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Other interpretation provisions.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/22" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/22" id="section-22"><Pnumber>22</Pnumber><P1para><Text><CommentaryRef Ref="c18769351"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/I/crossheading/consequential-amendments" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/I/crossheading/consequential-amendments" NumberOfProvisions="1" id="part-I-crossheading-consequential-amendments"><Title> Consequential amendments</Title><P1group><Title> Consequential amendments.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/23" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/23" id="section-23"><Pnumber>23</Pnumber><P1para><Text>The enactments specified in Schedule 10 have effect with the amendments specified there, which are consequential on the amendments made by the preceding provisions of this Part.</Text></P1para></P1></P1group></Pblock></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/II" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/II" NumberOfProvisions="32" id="part-II"><Number>
          
          
          
          <CommentaryRef Ref="c13687261"/><CommentaryRef Ref="c18756831"/><CommentaryRef Ref="c18763261"/><CommentaryRef Ref="c18763411"/>Part II</Number><Title> Eligibility for Appointment as Company Auditor</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/II/crossheading/introduction" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/II/crossheading/introduction" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictStartDate="1991-10-01" id="part-II-crossheading-introduction"><Title> Introduction</Title><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title>Introduction.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/24" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/24" id="section-24"><Pnumber>24</Pnumber><P1para><Text><CommentaryRef Ref="c18769801"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/II/crossheading/eligibility-for-appointment" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/II/crossheading/eligibility-for-appointment" NumberOfProvisions="5" RestrictExtent="E+W+S" RestrictStartDate="1991-10-01" id="part-II-crossheading-eligibility-for-appointment"><Title> Eligibility for appointment</Title><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Eligibility for appointment.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/25" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/25" id="section-25"><Pnumber>25</Pnumber><P1para><Text><CommentaryRef Ref="c18769811"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Effect of appointment of partnership.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/26" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/26" id="section-26"><Pnumber>26</Pnumber><P1para><Text><CommentaryRef Ref="c18769821"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Ineligibility on ground of lack of independence.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/27" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/27" id="section-27"><Pnumber>27</Pnumber><P1para><Text><CommentaryRef Ref="c18769841"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Effect of ineligibility.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/28" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/28" id="section-28"><Pnumber>28</Pnumber><P1para><Text><CommentaryRef Ref="c18769861"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Power of Secretary of State to require second audit.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/29" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/29" id="section-29"><Pnumber>29</Pnumber><P1para><Text><CommentaryRef Ref="c18769871"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/II/crossheading/recognition-of-supervisory-bodies-and-professional-qualifications" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/II/crossheading/recognition-of-supervisory-bodies-and-professional-qualifications" NumberOfProvisions="5" RestrictExtent="E+W+S+N.I." RestrictStartDate="1991-10-01" id="part-II-crossheading-recognition-of-supervisory-bodies-and-professional-qualifications"><Title> Recognition of supervisory bodies and professional qualifications</Title><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Supervisory bodies.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/30" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/30" id="section-30"><Pnumber>30</Pnumber><P1para><Text><CommentaryRef Ref="c18769891"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Meaning of “appropriate qualification”.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/31" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/31" id="section-31"><Pnumber>31</Pnumber><P1para><Text><CommentaryRef Ref="c18769901"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Qualifying bodies and recognised professional qualifications.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/32" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/32" id="section-32"><Pnumber>32</Pnumber><P1para><Text><CommentaryRef Ref="c18769911"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Approval of overseas qualifications.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/33" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/33" id="section-33"><Pnumber>33</Pnumber><P1para><Text><CommentaryRef Ref="c18769921"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Eligibility of individuals retaining only 1967 Act authorisation.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/34" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/34" id="section-34"><Pnumber>34</Pnumber><P1para><Text><CommentaryRef Ref="c18769931"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/II/crossheading/duties-of-recognised-bodies" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/II/crossheading/duties-of-recognised-bodies" NumberOfProvisions="6" RestrictExtent="E+W+S" id="part-II-crossheading-duties-of-recognised-bodies"><Title> Duties of recognised bodies</Title><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> The register of auditors.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/35" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/35" id="section-35"><Pnumber>35</Pnumber><P1para><Text><CommentaryRef Ref="c18769941"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Information about firms to be available to public.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/36" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/36" id="section-36"><Pnumber>36</Pnumber><P1para><Text><CommentaryRef Ref="c18769951"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Matters to be notified to the Secretary of State.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/37" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/37" id="section-37"><Pnumber>37</Pnumber><P1para><Text><CommentaryRef Ref="c18769981"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Power to call for information.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/38" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/38" id="section-38"><Pnumber>38</Pnumber><P1para><Text><CommentaryRef Ref="c18769991"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Compliance orders.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/39" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/39" id="section-39"><Pnumber>39</Pnumber><P1para><Text><CommentaryRef Ref="c18770011"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Directions to comply with international obligations.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/40" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/40" id="section-40"><Pnumber>40</Pnumber><P1para><Text><CommentaryRef Ref="c18770021"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/II/crossheading/offences" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/II/crossheading/offences" NumberOfProvisions="4" RestrictExtent="E+W+S" RestrictStartDate="1991-10-01" id="part-II-crossheading-offences"><Title> Offences</Title><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> False and misleading statements.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/41" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/41" id="section-41"><Pnumber>41</Pnumber><P1para><Text><CommentaryRef Ref="c18770041"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Offences by bodies corporate, partnerships and unincorporated associations.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/42" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/42" id="section-42"><Pnumber>42</Pnumber><P1para><Text><CommentaryRef Ref="c18770061"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Time limits for prosecution of offences.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/43" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/43" id="section-43"><Pnumber>43</Pnumber><P1para><Text><CommentaryRef Ref="c18770071"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Jurisdiction and procedure in respect of offences.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/44" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/44" id="section-44"><Pnumber>44</Pnumber><P1para><Text><CommentaryRef Ref="c18770091"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/II/crossheading/supplementary-provisions" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/II/crossheading/supplementary-provisions" NumberOfProvisions="11" RestrictExtent="E+W+S" RestrictStartDate="2005-01-01" id="part-II-crossheading-supplementary-provisions"><Title> Supplementary provisions</Title><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Fees.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/45" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/45" id="section-45"><Pnumber>45</Pnumber><P1para><Text><CommentaryRef Ref="c18770101"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Delegation of functions of Secretary of State.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/46" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/46" id="section-46"><Pnumber>46</Pnumber><P1para><Text><CommentaryRef Ref="c18770121"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title><Addition ChangeId="d29p615" CommentaryRef="c18761131">Circumstances in which Secretary of State may delegate functions to existing body</Addition></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/46A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/46A" id="section-46A"><Pnumber PuncAfter=""><Addition ChangeId="d29p615" CommentaryRef="c18761131">46A</Addition></Pnumber><P1para><Text><Addition ChangeId="d29p615" CommentaryRef="c18761131"><CommentaryRef Ref="c18770251"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Addition></Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Restrictive practices.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/47" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/47" id="section-47"><Pnumber>47</Pnumber><P1para><Text><CommentaryRef Ref="c18770131"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Exemption from liability for damages.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/48" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/48" id="section-48"><Pnumber>48</Pnumber><P1para><Text><CommentaryRef Ref="c18770141"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Service of notices.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/49" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/49" id="section-49"><Pnumber>49</Pnumber><P1para><Text><CommentaryRef Ref="c18770151"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Power to make consequential amendments.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/50" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/50" id="section-50"><Pnumber>50</Pnumber><P1para><Text><CommentaryRef Ref="c18770181"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Power to make provision in consequence of changes affecting accountancy bodies.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/51" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/51" id="section-51"><Pnumber>51</Pnumber><P1para><Text><CommentaryRef Ref="c18770191"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Meaning of “associate”.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/52" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/52" id="section-52"><Pnumber>52</Pnumber><P1para><Text><CommentaryRef Ref="c18770211"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Minor definitions.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/53" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/53" id="section-53"><Pnumber>53</Pnumber><P1para><Text><CommentaryRef Ref="c18770221"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Title> Index of defined expressions.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/54" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/54" id="section-54"><Pnumber>54</Pnumber><P1para><Text><CommentaryRef Ref="c18770231"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/III" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/III" NumberOfProvisions="40" id="part-III" RestrictStartDate="2023-12-31"><Number>Part III</Number><Title> Investigations and Powers to Obtain Information</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/III/crossheading/amendments-of-the-companies-act-1985" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/III/crossheading/amendments-of-the-companies-act-1985" NumberOfProvisions="20" id="part-III-crossheading-amendments-of-the-companies-act-1985"><Title> Amendments of the Companies Act 1985</Title><P1group><Title> Investigations by inspectors not leading to published report.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/55" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/55" id="section-55"><Pnumber>55</Pnumber><P1para><Text>In section 432 of the <CommentaryRef Ref="c13687771"/>Companies Act 1985 (appointment of inspectors by Secretary of State), after subsection (2)

			(investigation of circumstances suggesting misconduct) insert—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>2A</Pnumber><P2para><Text>Inspectors may be appointed under subsection (2) on terms that any report they may make is not for publication; and in such a case, the provisions of section 437(3)

						(availability and publication of inspectors’ reports) do not apply.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I."><Title> Production of documents and evidence to inspectors.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/56" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/56" id="section-56"><Pnumber>56</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/56/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/56/1" id="section-56-1"><Pnumber>1</Pnumber><P2para><Text>Section 434 of the Companies Act 1985 (production of documents and evidence to inspectors) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/56/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/56/2" id="section-56-2"><Pnumber>2</Pnumber><P2para><Text>In subsection (1) (duty of officers to assist inspectors), for “books and documents” substitute “documents”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/56/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/56/3" id="section-56-3"><Pnumber>3</Pnumber><P2para><Text>For subsection (2)(power to require production of documents, attendance or other assistance) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>2</Pnumber><P2para><Text>If the inspectors consider that an officer or agent of the company or other body corporate, or any other person, is or may be in possession of information relating to a matter which they believe to be relevant to the investigation, they may require him—</Text><P3><Pnumber>a</Pnumber><P3para><Text>to produce to them any documents in his custody or power relating to that matter,</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>to attend before them, and</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>otherwise to give them all assistance in connection with the investigation which he is reasonably able to give;</Text></P3para></P3><Text>and it is that person’s duty to comply with the requirement.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/56/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/56/4" id="section-56-4"><Pnumber>4</Pnumber><P2para><Text>For subsection (3) (power to examine on oath) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>3</Pnumber><P2para><Text>An inspector may for the purposes of the investigation examine any person on oath, and may administer an oath accordingly.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/56/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/56/5" id="section-56-5"><Pnumber>5</Pnumber><P2para><Text>After subsection (5) insert—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>6</Pnumber><P2para><Text>In this section “<Term>documents</Term>” includes information recorded in any form; and, in relation to information recorded otherwise than in legible form, the power to require its production includes power to require the production of a copy of the information in legible form.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/56/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/56/6" id="section-56-6"><Pnumber>6</Pnumber><P2para><Text>In section 436 of the <CommentaryRef Ref="c13687781"/>Companies Act 1985 (obstruction of inspectors treated as contempt of court), for subsections (1) and (2) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>1</Pnumber><P2para><Text>If any person—</Text><P3><Pnumber>a</Pnumber><P3para><Text>fails to comply with section 434(1)(a) or (c),</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>refuses to comply with a requirement under section 434(1)(b) or (2), or</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>refuses to answer any question put to him by the inspectors for the purposes of the investigation,</Text></P3para></P3><Text>the inspectors may certify that fact in writing to the court.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I."><Title> Duty of inspectors to report.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/57" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/57" id="section-57"><Pnumber>57</Pnumber><P1para><Text>In section 437 of the Companies Act 1985 (inspectors’ reports), after subsection (1A) insert—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>1B</Pnumber><P2para><Text>If it appears to the Secretary of State that matters have come to light in the course of the inspectors’ investigation which suggest that a criminal offence has been committed, and those matters have been referred to the appropriate prosecuting authority, he may direct the inspectors to take no further steps in the investigation or to take only such further steps as are specified in the direction.</Text></P2para></P2><P2><Pnumber>1C</Pnumber><P2para><Text>Where an investigation is the subject of a direction under subsection (1B), the inspectors shall make a final report to the Secretary of State only where—</Text><P3><Pnumber>a</Pnumber><P3para><Text>they were appointed under section 432(1) (appointment in pursuance of an order of the court), or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>the Secretary of State directs them to do so.</Text></P3para></P3></P2para></P2></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2007-04-06"><Title> Power to bring civil proceedings on the company’s behalf.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/58" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/58" id="section-58"><Pnumber>58</Pnumber><P1para><Text><CommentaryRef Ref="c18766261"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group><Title> Expenses of investigating a company’s affairs.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/59" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/59" id="section-59"><Pnumber>59</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/59/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/59/1" id="section-59-1"><Pnumber>1</Pnumber><P2para><Text>Section 439 of the Companies Act 1985 (expenses of investigating a company’s affairs) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/59/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/59/2" id="section-59-2"><Pnumber>2</Pnumber><P2para><Text>For subsection (1) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>1</Pnumber><P2para><Text>The expenses of an investigation under any of the powers conferred by this Part shall be defrayed in the first instance by the Secretary of State, but he may recover those expenses from the persons liable in accordance with this section.</Text></P2para><P2para><Text>There shall be treated as expenses of the investigation, in particular, such reasonable sums as the Secretary of State may determine in respect of general staff costs and overheads.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/59/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/59/3" id="section-59-3"><Pnumber>3</Pnumber><P2para><Text>In subsection (4) for  “the inspectors’ report” substitute <InlineAmendment>“
                    an inspectors’ report
                  ”</InlineAmendment>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/59/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/59/4" id="section-59-4"><Pnumber>4</Pnumber><P2para><Text>For subsection (5) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>5</Pnumber><P2para><Text>Where inspectors were appointed—</Text><P3><Pnumber>a</Pnumber><P3para><Text>under section 431, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>on an application under section 442(3),</Text></P3para></P3><Text>the applicant or applicants for the investigation is or are liable to such extent (if any) as the Secretary of State may direct.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group><P1group><Title> Power of Secretary of State to present winding-up petition.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/60" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/60" id="section-60"><Pnumber>60</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/60/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/60/1" id="section-60-1"><Pnumber>1</Pnumber><P2para><Text>Section 440 of the <CommentaryRef Ref="c13687791"/>Companies Act 1985 (power of Secretary of State to present winding-up petition) is repealed; but the following amendments have the effect of re-enacting that provision, with modifications.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/60/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/60/2" id="section-60-2"><Pnumber>2</Pnumber><P2para><Text>In section 124(4) of the <CommentaryRef Ref="c13687801"/>Insolvency Act 1986 (application by Secretary of State for company to be wound up by the court), for paragraph (b) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P3><Pnumber>b</Pnumber><P3para><Text>in a case falling within section 124A below.</Text></P3para></P3></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/60/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/60/3" id="section-60-3"><Pnumber>3</Pnumber><P2para><Text>After that section insert—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P1group><Title> Petition for winding up on grounds of public interest.</Title><P1><Pnumber>124A</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>Where it appears to the Secretary of State from—</Text><P3><Pnumber>a</Pnumber><P3para><Text>any report made or information obtained under Part XIV of the Companies Act 1985 (company investigations, &amp;c.),</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>any report made under section 94 or 177 of the Financial Services Act 1986 or any information obtained under section 105 of that Act,</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>any information obtained under section 2 of the Criminal Justice Act 1987 or section 52 of the Criminal Justice (Scotland) Act 1987 (fraud investigations), or</Text></P3para></P3><P3><Pnumber>d</Pnumber><P3para><Text>any information obtained under section 83 of the Companies Act 1989 (powers exercisable for purpose of assisting overseas regulatory authorities),</Text></P3para></P3><Text>that it is expedient in the public interest that a company should be wound up, he may present a petition for it to be wound up if the court thinks it just and equitable for it to be so.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>This section does not apply if the company is already being wound up by the court.</Text></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group><P1group><Title> Inspectors’ reports as evidence.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/61" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/61" id="section-61"><Pnumber>61</Pnumber><P1para><Text>In section 441 of the Companies Act 1985 (inspectors’ reports to be evidence), in subsection (1) for  “sections 431 or 432” substitute <InlineAmendment>“
                this Part
              ”</InlineAmendment>.</Text></P1para></P1></P1group><P1group ConfersPower="true"><Title> Investigation of company ownership.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/62" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/62" id="section-62"><Pnumber>62</Pnumber><P1para><Text>In section 442 of the Companies Act 1985 (power to investigate company ownership), for subsection (3) (investigation on application by members of company) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>3</Pnumber><P2para><Text>If an application for investigation under this section with respect to particular shares or debentures of a company is made to the Secretary of State by members of the company, and the number of applicants or the amount of shares held by them is not less than that required for an application for the appointment of inspectors under section 431(2)(a) or (b), then, subject to the following provisions, the Secretary of State shall appoint inspectors to conduct the investigation applied for.</Text></P2para></P2><P2><Pnumber>3A</Pnumber><P2para><Text>The Secretary of State shall not appoint inspectors if he is satisfied that the application is vexatious; and where inspectors are appointed their terms of appointment shall exclude any matter in so far as the Secretary of State is satisfied that it is unreasonable for it to be investigated.</Text></P2para></P2><P2><Pnumber>3B</Pnumber><P2para><Text>The Secretary of State may, before appointing inspectors, require the applicant or applicants to give security, to an amount not exceeding £5,000, or such other sum as he may by order specify, for payment of the costs of the investigation.</Text></P2para><P2para><Text>An order under this subsection shall be made by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.</Text></P2para></P2><P2><Pnumber>3C</Pnumber><P2para><Text>If on an application under subsection (3) it appears to the Secretary of State that the powers conferred by section 444 are sufficient for the purposes of investigating the matters which inspectors would be appointed to investigate, he may instead conduct the investigation under that section.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2005-04-06"><Title> Secretary of State’s power to require production of documents.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/63" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/63" id="section-63"><Pnumber>63</Pnumber><P1para><Text><CommentaryRef Ref="c18757691"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I."><Title> Entry and search of premises.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/64" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/64" id="section-64"><Pnumber>64</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/64/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/64/1" id="section-64-1"><Pnumber>1</Pnumber><P2para><Text>For section 448 of the Companies Act 1985 (entry and search of premises) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P1group><Title> Entry and search of premises.</Title><P1><Pnumber>448</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>A justice of the peace may issue a warrant under this section if satisfied on information on oath given by or on behalf of the Secretary of State, or by a person appointed or authorised to exercise powers under this Part, that there are reasonable grounds for believing that there are on any premises documents whose production has been required under this Part and which have not been produced in compliance with the requirement.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>A justice of the peace may also issue a warrant under this section if satisfied on information on oath given by or on behalf of the Secretary of State, or by a person appointed or authorised to exercise powers under this Part—</Text><P3><Pnumber>a</Pnumber><P3para><Text>that there are reasonable grounds for believing that an offence has been committed for which the penalty on conviction on indictment is imprisonment for a term of not less than two years and that there are on any premises documents relating to whether the offence has been committed,</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>that the Secretary of State, or the person so appointed or authorised, has power to require the production of the documents under this Part, and</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>that there are reasonable grounds for believing that if production was so required the documents would not be produced but would be removed from the premises, hidden, tampered with or destroyed.</Text></P3para></P3></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>A warrant under this section shall authorise a constable, together with any other person named in it and any other constables—</Text><P3><Pnumber>a</Pnumber><P3para><Text>to enter the premises specified in the information, using such force as is reasonably necessary for the purpose;</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>to search the premises and take possession of any documents appearing to be such documents as are mentioned in subsection (1) or (2), as the case may be, or to take, in relation to any such documents, any other steps which may appear to be necessary for preserving them or preventing interference with them;</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>to take copies of any such documents; and</Text></P3para></P3><P3><Pnumber>d</Pnumber><P3para><Text>to require any person named in the warrant to provide an explanation of them or to state where they may be found.</Text></P3para></P3></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>If in the case of a warrant under subsection (2) the justice of the peace is satisfied on information on oath that there are reasonable grounds for believing that there are also on the premises other documents relevant to the investigation, the warrant shall also authorise the actions mentioned in subsection (3) to be taken in relation to such documents.</Text></P2para></P2><P2><Pnumber>5</Pnumber><P2para><Text>A warrant under this section shall continue in force until the end of the period of one month beginning with the day on which it is issued.</Text></P2para></P2><P2><Pnumber>6</Pnumber><P2para><Text>Any documents of which possession is taken under this section may be retained—</Text><P3><Pnumber>a</Pnumber><P3para><Text>for a period of three months; or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>if within that period proceedings to which the documents are relevant are commenced against any person for any criminal offence, until the conclusion of those proceedings.</Text></P3para></P3></P2para></P2><P2><Pnumber>7</Pnumber><P2para><Text>Any person who intentionally obstructs the exercise of any rights conferred by a warrant issued under this section or fails without reasonable excuse to comply with any requirement imposed in accordance with subsection (3)(d) is guilty of an offence and liable to a fine.</Text></P2para><P2para><Text>Sections 732 (restriction on prosecutions), 733 (liability of individuals for corporate default) and 734 (criminal proceedings against unincorporated bodies) apply to this offence.</Text></P2para></P2><P2><Pnumber>8</Pnumber><P2para><Text>For the purposes of sections 449 and 451A (provision for security of information) documents obtained under this section shall be treated as if they had been obtained under the provision of this Part under which their production was or, as the case may be, could have been required.</Text></P2para></P2><P2><Pnumber>9</Pnumber><P2para><Text>In the application of this section to Scotland for the references to a justice of the peace substitute references to a justice of the peace or a sheriff, and for the references to information on oath substitute references to evidence on oath.</Text></P2para></P2><P2><Pnumber>10</Pnumber><P2para><Text>In this section “<Term>document</Term>” includes information recorded in any form.</Text></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/64/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/64/2" id="section-64-2"><Pnumber>2</Pnumber><P2para><Text>In Schedule 24 to the <CommentaryRef Ref="c13687831"/>Companies Act 1985 (punishment of offences), in the entry relating to section 448(5)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/64/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/64/2/a" id="section-64-2-a"><Pnumber>a</Pnumber><P3para><Text>in the first column for “448(5)” substitute “448(7)”, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/64/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/64/2/b" id="section-64-2-b"><Pnumber>b</Pnumber><P3para><Text>for the entry in the second column substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P3para><Text>Obstructing the exercise of any rights conferred by a warrant or failing to comply with a requirement imposed under subsection (3)(d).</Text></P3para></BlockAmendment><AppendText>.</AppendText></P3para></P3></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2005-04-06" ConfersPower="true"><Title> Provision for security of information obtained.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/65" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/65" id="section-65"><Pnumber>65</Pnumber><P1para><Text><CommentaryRef Ref="c18757711"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I."><Title> Punishment for destroying, mutilating, &amp;c. company documents.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/66" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/66" id="section-66"><Pnumber>66</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/66/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/66/1" id="section-66-1"><Pnumber>1</Pnumber><P2para><Text>Section 450 of the <CommentaryRef Ref="c13687871"/>Companies Act 1985 (punishment for destroying, mutilating, &amp;c. company documents) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/66/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/66/2" id="section-66-2"><Pnumber>2</Pnumber><P2para><Text>In subsection (1) for the opening words down to “insurance company” substitute “An officer of a company, or of an insurance company”, for “body’s” substitute “company’s” and for “the body” substitute “the company”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/66/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/66/3" id="section-66-3"><Pnumber>3</Pnumber><P2para><Text>For subsection (4) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>4</Pnumber><P2para><Text>Sections 732 (restriction on prosecutions), 733 (liability of individuals for corporate default) and 734 (criminal proceedings against unincorporated bodies) apply to an offence under this section.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/66/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/66/4" id="section-66-4"><Pnumber>4</Pnumber><P2para><Text>After that subsection insert—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>5</Pnumber><P2para><Text>In this section “<Term>document</Term>” includes information recorded in any form.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2005-04-06"><Title> Punishment for furnishing false information.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/67" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/67" id="section-67"><Pnumber>67</Pnumber><P1para><Text><CommentaryRef Ref="c18757721"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group><Title> Disclosure of information by Secretary of State or inspector.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/68" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/68" id="section-68"><Pnumber>68</Pnumber><P1para><Text>For section 451A of the Companies Act 1985 (disclosure of information by the Secretary of State) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P1group><Title> Disclosure of information by Secretary of State or inspector.</Title><P1><Pnumber>451A</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>This section applies to information obtained under sections 434 to 446.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>The Secretary of State may, if he thinks fit—</Text><P3><Pnumber>a</Pnumber><P3para><Text>disclose any information to which this section applies to any person to whom, or for any purpose for which, disclosure is permitted under section 449, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>authorise or require an inspector appointed under this Part to disclose such information to any such person or for any such purpose.</Text></P3para></P3></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>Information to which this section applies may also be disclosed by an inspector appointed under this Part to—</Text><P3><Pnumber>a</Pnumber><P3para><Text>another inspector appointed under this Part or an inspector appointed under section 94 or 177 of the Financial Services Act 1986, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>a person authorised to exercise powers under section 44 of the Insurance Companies Act 1982, section 447 of this Act, section 106 of the Financial Services Act 1986 or section 84 of the Companies Act 1989.</Text></P3para></P3></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>Any information which may by virtue of subsection (3) be disclosed to any person may be disclosed to any officer or servant of that person.</Text></P2para></P2><P2><Pnumber>5</Pnumber><P2para><Text>The Secretary of State may, if he thinks fit, disclose any information obtained under section 444 to—</Text><P3><Pnumber>a</Pnumber><P3para><Text>the company whose ownership was the subject of the investigation,</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>any member of the company,</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>any person whose conduct was investigated in the course of the investigation,</Text></P3para></P3><P3><Pnumber>d</Pnumber><P3para><Text>the auditors of the company, or</Text></P3para></P3><P3><Pnumber>e</Pnumber><P3para><Text>any person whose financial interests appear to the Secretary of State to be affected by matters covered by the investigation.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2005-04-06"><Title> Protection of banking information.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/69" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/69" id="section-69"><Pnumber>69</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/69/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/69/1" id="section-69-1"><Pnumber>1</Pnumber><P2para><Text>Section 452 of the <CommentaryRef Ref="c13687891"/>Companies Act 1985 (privileged information) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/69/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/69/2" id="section-69-2"><Pnumber>2</Pnumber><P2para><Text><CommentaryRef Ref="c18757761"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/69/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/69/3" id="section-69-3"><Pnumber>3</Pnumber><P2para><Text>After that subsection insert—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>1A</Pnumber><P2para><Text>Nothing in section 434, 443 or 446 requires a person (except as mentioned in subsection (1B) below) to disclose information or produce documents in respect of which he owes an obligation of confidence by virtue of carrying on the business of banking unless—</Text><P3><Pnumber>a</Pnumber><P3para><Text>the person to whom the obligation of confidence is owed is the company or other body corporate under investigation,</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>the person to whom the obligation of confidence is owed consents to the disclosure or production, or</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>the making of the requirement is authorised by the Secretary of State.</Text></P3para></P3></P2para></P2><P2><Pnumber>1B</Pnumber><P2para><Text>Subsection (1A) does not apply where the person owing the obligation of confidence is the company or other body corporate under investigation under section 431, 432 or 433.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/69/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/69/4" id="section-69-4"><Pnumber>4</Pnumber><P2para><Text><CommentaryRef Ref="c18757761"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2></P1para></P1></P1group><P1group ConfersPower="true"><Title> Investigation of oversea companies.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/70" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/70" id="section-70"><Pnumber>70</Pnumber><P1para><Text>In section 453 of the Companies Act 1985 (investigation of oversea companies), for subsection (1) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>1</Pnumber><P2para><Text>The provisions of this Part apply to bodies corporate incorporated outside Great Britain which are carrying on business in Great Britain, or have at any time carried on business there, as they apply to companies under this Act; but subject to the following exceptions, adaptations and modifications.</Text></P2para></P2><P2><Pnumber>1A</Pnumber><P2para><Text>The following provisions do not apply to such bodies—</Text><P3><Pnumber>a</Pnumber><P3para><Text>section 431 (investigation on application of company or its members),</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>section 438 (power to bring civil proceedings on the company’s behalf),</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>sections 442 to 445 (investigation of company ownership and power to obtain information as to those interested in shares, &amp;c.), and</Text></P3para></P3><P3><Pnumber>d</Pnumber><P3para><Text>section 446 (investigation of share dealings).</Text></P3para></P3></P2para></P2><P2><Pnumber>1B</Pnumber><P2para><Text>The other provisions of this Part apply to such bodies subject to such adaptations and modifications as may be specified by regulations made by the Secretary of State.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I."><Title> Investigation of unregistered companies.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/71" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/71" id="section-71"><Pnumber>71</Pnumber><P1para><Text>In Schedule 22 to the Companies Act 1985 (provisions applying to unregistered companies), for the entry relating to Part XIV substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="schedule" Format="default"><Tabular Orientation="portrait"><table xmlns="http://www.w3.org/1999/xhtml" cols="3"><tbody><tr><td align="center"><Para xmlns="http://www.legislation.gov.uk/namespaces/legislation"><Text>Part XIV (except section 446)</Text></Para></td><td align="center"><Para xmlns="http://www.legislation.gov.uk/namespaces/legislation"><Text>Investigation of companies and their affairs; requisition of documents.</Text></Para></td><td align="center"><Para xmlns="http://www.legislation.gov.uk/namespaces/legislation"><Text>—</Text></Para></td></tr></tbody></table></Tabular></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/III/crossheading/amendments-of-the-financial-services-act-1986" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/III/crossheading/amendments-of-the-financial-services-act-1986" NumberOfProvisions="5" id="part-III-crossheading-amendments-of-the-financial-services-act-1986"><Title> Amendments of the Financial Services Act 1986</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/72" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/72" id="section-72"><Pnumber><CommentaryRef Ref="c13687911"/>72</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/73" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/73" id="section-73"><Pnumber><CommentaryRef Ref="c13687931"/>73</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/74" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/74" id="section-74"><Pnumber><CommentaryRef Ref="c13687941"/>74</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/75" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/75" id="section-75"><Pnumber><CommentaryRef Ref="c13687981"/>75</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/76" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/76" id="section-76"><Pnumber><CommentaryRef Ref="c13688001"/>76</Pnumber><P1para><Text/></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/III/crossheading/amendments-of-other-enactments" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/III/crossheading/amendments-of-other-enactments" NumberOfProvisions="5" id="part-III-crossheading-amendments-of-other-enactments"><Title> Amendments of other enactments</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/77" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/77" id="section-77"><Pnumber><CommentaryRef Ref="c13688021"/>77</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2001-04-02"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/78" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/78" id="section-78"><Pnumber><CommentaryRef Ref="c13688041"/>78</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/79" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/79" id="section-79"><Pnumber><CommentaryRef Ref="c13688061"/>79</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="1991-04-25"><Title> Amendment of the Building Societies Act 1986.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/80" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/80" id="section-80"><Pnumber><CommentaryRef Ref="c13688081"/>80</Pnumber><P1para><Text>In section 53 of the <CommentaryRef Ref="c13688091"/>Building Societies Act 1986 (confidentiality of information obtained by the Building Societies Commission), in subsection (7)(b) (functions of Secretary of State for purposes of which disclosure may be made) after sub-paragraph (ii) insert—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P3para><Text>, or</Text><P4><Pnumber>iii</Pnumber><P4para><Text>Part II, <Acronym Expansion="3">III</Acronym> or <Acronym Expansion="7">VII</Acronym> of the Companies Act 1989;</Text></P4para></P4></P3para></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/81" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/81" id="section-81"><Pnumber><CommentaryRef Ref="c13688151"/>81</Pnumber><P1para><Text/></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/III/crossheading/powers-exercisable-to-assist-overseas-regulatory-authorities" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/III/crossheading/powers-exercisable-to-assist-overseas-regulatory-authorities" NumberOfProvisions="10" id="part-III-crossheading-powers-exercisable-to-assist-overseas-regulatory-authorities" RestrictStartDate="2023-12-31"><Title> Powers exercisable to assist overseas regulatory authorities</Title><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2013-04-01"><Title> Request for assistance by overseas regulatory authority.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82" id="section-82"><Pnumber><CommentaryRef Ref="c13688381"/>82</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/1" id="section-82-1"><Pnumber>1</Pnumber><P2para><Text>The powers conferred by section 83 are exercisable by the Secretary of State for the purpose of assisting an overseas regulatory authority which has requested his assistance in connection with inquiries being carried out by it or on its behalf.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/2" id="section-82-2"><Pnumber>2</Pnumber><P2para><Text>An “<Term id="term-overseas-regulatory-authority">overseas regulatory authority</Term>” means an authority which in a country or territory outside the United Kingdom exercises—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/2/a" id="section-82-2-a"><Pnumber><Addition ChangeId="d29p1800" CommentaryRef="c13688391">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p1800" CommentaryRef="c13688391">any function corresponding to—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/2/a/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/2/a/i" id="section-82-2-a-i"><Pnumber><Addition ChangeId="d29p1800" CommentaryRef="c13688391">i</Addition></Pnumber><P4para><Text><Addition ChangeId="d29p1800" CommentaryRef="c13688391">any function of the Secretary of State under the Companies Act 1985  </Addition><Addition ChangeId="d29p1800" CommentaryRef="c13688391"><Addition ChangeId="d29p1813" CommentaryRef="c23402961">or the Companies Act 2006</Addition></Addition><Addition ChangeId="d29p1800" CommentaryRef="c13688391">;</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/2/a/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/2/a/ii" id="section-82-2-a-ii"><Pnumber><Addition ChangeId="d29p1800" CommentaryRef="c13688391">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="d29p1800" CommentaryRef="c13688391">any function of the  </Addition><Addition ChangeId="d29p1800" CommentaryRef="c13688391"><Substitution ChangeId="key-3de7d6b6e950e11b6267b77b0d08e3d1-1560958119698" CommentaryRef="key-3de7d6b6e950e11b6267b77b0d08e3d1">FCA, the PRA or the Bank of England</Substitution></Addition><Addition ChangeId="d29p1800" CommentaryRef="c13688391">  under the Financial Services and Markets Act 2000;</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/2/a/iii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/2/a/iii" id="section-82-2-a-iii"><Pnumber><CommentaryRef Ref="key-d4e68a0eb508394982370acd6034b0e5"/><Addition ChangeId="d29p1800" CommentaryRef="c13688391">iii</Addition></Pnumber><P4para><Text><Addition ChangeId="d29p1800" CommentaryRef="c13688391">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Addition></Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/2/b" id="section-82-2-b"><Pnumber>b</Pnumber><P3para><Text>any function in connection with the investigation of, or the enforcement of rules (whether or not having the force of law) relating to, conduct of the kind prohibited by <Addition ChangeId="d29p1838" CommentaryRef="c13688401">Part V of the Criminal Justice Act 1993 (insider dealing)</Addition>, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/2/c" id="section-82-2-c"><Pnumber>c</Pnumber><P3para><Text>any function prescribed for the purposes of this subsection by order of the Secretary of State, being a function which in the opinion of the Secretary of State relates to companies or financial services.</Text></P3para></P3><Text>An order under paragraph (c) shall be made by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/3" id="section-82-3" RestrictStartDate="2013-04-01"><Pnumber><CommentaryRef Ref="key-f066dc44cdd9304d925c2af214a8f3ba"/>3</Pnumber><P2para><Text>The Secretary of State shall not exercise the powers conferred by section 83 unless <Addition ChangeId="d29p1856" CommentaryRef="c13688411">he and the  </Addition><Addition ChangeId="d29p1856" CommentaryRef="c13688411"><Substitution ChangeId="key-05caa52904204ec9b2055917a30888d0-1560958432918" CommentaryRef="key-05caa52904204ec9b2055917a30888d0">corresponding </Substitution></Addition><Acronym Expansion="United Kingdom"><Addition ChangeId="d29p1856" CommentaryRef="c13688411"><Substitution ChangeId="key-05caa52904204ec9b2055917a30888d0-1560958432918" CommentaryRef="key-05caa52904204ec9b2055917a30888d0">UK</Substitution></Addition></Acronym><Addition ChangeId="d29p1856" CommentaryRef="c13688411"><Substitution ChangeId="key-05caa52904204ec9b2055917a30888d0-1560958432918" CommentaryRef="key-05caa52904204ec9b2055917a30888d0"> regulator (if any)</Substitution></Addition><Addition ChangeId="d29p1856" CommentaryRef="c13688411">  are</Addition> satisfied that the assistance requested by the overseas regulatory authority is for the purposes of its regulatory functions.</Text></P2para><P2para><Text>An authority’s “<Term id="term-regulatory-functions">regulatory functions</Term>” means any functions falling within subsection (2) and any other functions relating to companies or financial services.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/3A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/3A" id="section-82-3A"><Pnumber><Addition ChangeId="key-2e0315e6991bb9a885cae99cb76bf4b6-1560957990999" CommentaryRef="key-2e0315e6991bb9a885cae99cb76bf4b6">3A</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2e0315e6991bb9a885cae99cb76bf4b6-1560957990999" CommentaryRef="key-2e0315e6991bb9a885cae99cb76bf4b6">In subsection (3),  “</Addition><Term><Addition ChangeId="key-2e0315e6991bb9a885cae99cb76bf4b6-1560957990999" CommentaryRef="key-2e0315e6991bb9a885cae99cb76bf4b6">the corresponding </Addition><Addition ChangeId="key-2e0315e6991bb9a885cae99cb76bf4b6-1560957990999" CommentaryRef="key-2e0315e6991bb9a885cae99cb76bf4b6">UK</Addition><Addition ChangeId="key-2e0315e6991bb9a885cae99cb76bf4b6-1560957990999" CommentaryRef="key-2e0315e6991bb9a885cae99cb76bf4b6"> regulator</Addition></Term><Addition ChangeId="key-2e0315e6991bb9a885cae99cb76bf4b6-1560957990999" CommentaryRef="key-2e0315e6991bb9a885cae99cb76bf4b6">” means such one or more of the FCA, PRA and the Bank of England as appears to the Secretary of State to exercise functions corresponding to the regulatory functions for the purposes of which the request is made.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/4" id="section-82-4"><Pnumber>4</Pnumber><P2para><Text>In deciding whether to exercise those powers the Secretary of State may take into account, in particular—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/4/a" id="section-82-4-a"><Pnumber>a</Pnumber><P3para><Text>whether corresponding assistance would be given in that country or territory to an authority exercising regulatory functions in the United Kingdom;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/4/b" id="section-82-4-b"><Pnumber>b</Pnumber><P3para><Text>whether the inquiries relate to the possible breach of a law, or other requirement, which has no close parallel in the United Kingdom or involves the assertion of a jurisdiction not recognised by the United Kingdom;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/4/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/4/c" id="section-82-4-c"><Pnumber>c</Pnumber><P3para><Text>the seriousness of the matter to which the inquiries relate, the importance to the inquiries of the information sought in the United Kingdom and whether the assistance could be obtained by other means;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/4/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/4/d" id="section-82-4-d"><Pnumber>d</Pnumber><P3para><Text>whether it is otherwise appropriate in the public interest to give the assistance sought.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/5" id="section-82-5" RestrictStartDate="2013-04-01"><Pnumber><CommentaryRef Ref="key-71e472bde05d56a0f0c1fa54cc63b0d1"/>5</Pnumber><P2para><Text>Before deciding whether to exercise those powers in a case where the overseas regulatory authority is a banking supervisor, the Secretary of State shall consult the  <Substitution ChangeId="key-399240046f83c479250c7256ae604c49-1560958187173" CommentaryRef="key-399240046f83c479250c7256ae604c49">FCA and the PRA</Substitution>.</Text></P2para><P2para><Text>A “<Term id="term-banking-supervisor">banking supervisor</Term>” means an overseas regulatory authority with respect to which the  <Substitution ChangeId="key-09f72a7f226a1fc703d888070a61ef70-1560958235197" CommentaryRef="key-09f72a7f226a1fc703d888070a61ef70">FCA or the PRA</Substitution> has notified the Secretary of State, for the purposes of this subsection, that it exercises functions corresponding to those of  <Substitution ChangeId="key-573fbd4b6f4cf6efbe842f12f9e36ee4-1560958310111" CommentaryRef="key-573fbd4b6f4cf6efbe842f12f9e36ee4">the body giving the notification</Substitution> <Addition ChangeId="d29p1919" CommentaryRef="c13688451">in relation to authorised persons with permission under the Financial Services and Markets Act 2000 to accept deposits</Addition>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/5A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/5A" id="section-82-5A"><Pnumber><Addition ChangeId="d29p1923" CommentaryRef="c13688461">5A</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p1923" CommentaryRef="c13688461">In subsection (5), “authorised person” has the meaning given in the Financial Services and Markets Act 2000 and the references to deposits and their acceptance must be read with—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/5A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/5A/a" id="section-82-5A-a"><Pnumber><Addition ChangeId="d29p1923" CommentaryRef="c13688461">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p1923" CommentaryRef="c13688461">section 22 of that Act;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/5A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/5A/b" id="section-82-5A-b"><Pnumber><Addition ChangeId="d29p1923" CommentaryRef="c13688461">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p1923" CommentaryRef="c13688461">any relevant order under that section; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/5A/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/5A/c" id="section-82-5A-c"><Pnumber><Addition ChangeId="d29p1923" CommentaryRef="c13688461">c</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p1923" CommentaryRef="c13688461">Schedule 2 to that Act.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/6" id="section-82-6"><Pnumber>6</Pnumber><P2para><Text>The Secretary of State may decline to exercise those powers unless the overseas regulatory authority undertakes to make such contribution towards the costs of their exercise as the Secretary of State considers appropriate.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/82/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/82/7" id="section-82-7"><Pnumber>7</Pnumber><P2para><Text>References in this section to financial services include, in particular, investment business, insurance and banking.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2000-04-14"><Title> Power to require information, documents or other assistance.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83" id="section-83"><Pnumber>83</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/1" id="section-83-1"><Pnumber>1</Pnumber><P2para><Text>The following powers may be exercised in accordance with section 82, if the Secretary of State considers there is good reason for their exercise.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/2" id="section-83-2"><Pnumber>2</Pnumber><P2para><Text>The Secretary of State may require any person—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/2/a" id="section-83-2-a"><Pnumber>a</Pnumber><P3para><Text>to attend before him at a specified time and place and answer questions or otherwise furnish information with respect to any matter relevant to the inquiries,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/2/b" id="section-83-2-b"><Pnumber>b</Pnumber><P3para><Text>to produce at a specified time and place any specified documents which appear to the Secretary of State to relate to any matter relevant to the inquiries, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/2/c" id="section-83-2-c"><Pnumber>c</Pnumber><P3para><Text>otherwise to give him such assistance in connection with the inquiries as he is reasonably able to give.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/3" id="section-83-3"><Pnumber>3</Pnumber><P2para><Text>The Secretary of State may examine a person on oath and may administer an oath accordingly.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/4" id="section-83-4"><Pnumber>4</Pnumber><P2para><Text>Where documents are produced the Secretary of State may take copies or extracts from them.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/5" id="section-83-5"><Pnumber>5</Pnumber><P2para><Text>A person shall not under this section be required to disclose information or produce a document which he would be entitled to refuse to disclose or produce on grounds of legal professional privilege in proceedings in the High Court or on grounds of confidentiality as between client and professional legal adviser in proceedings in the Court of Session, except that a lawyer may be required to furnish the name and address of his client.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/6" id="section-83-6"><Pnumber>6</Pnumber><P2para><Text>A statement by a person in compliance with a requirement imposed under this section may be used in evidence against him.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/6A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/6A" id="section-83-6A"><Pnumber><Addition ChangeId="d29p2023" CommentaryRef="c13688471">6A</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p2023" CommentaryRef="c13688471">However, in criminal proceedings in which that person is charged with an offence to which this subsection applies—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/6A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/6A/a" id="section-83-6A-a"><Pnumber><Addition ChangeId="d29p2023" CommentaryRef="c13688471">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p2023" CommentaryRef="c13688471">no evidence relating to the statement may be adduced, and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/6A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/6A/b" id="section-83-6A-b"><Pnumber><Addition ChangeId="d29p2023" CommentaryRef="c13688471">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p2023" CommentaryRef="c13688471">no question relating to it may be asked,</Addition></Text></P3para></P3><Text><Addition ChangeId="d29p2023" CommentaryRef="c13688471">by or on behalf of the prosecution, unless evidence relating to it is adduced, or a question relating to it is asked, in the proceedings by or on behalf of that person.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/6B" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/6B" id="section-83-6B"><Pnumber><Addition ChangeId="d29p2023" CommentaryRef="c13688471">6B</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p2023" CommentaryRef="c13688471">Subsection (6A) applies to any offence other than—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/6B/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/6B/a" id="section-83-6B-a"><Pnumber><Addition ChangeId="d29p2023" CommentaryRef="c13688471">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p2023" CommentaryRef="c13688471">an offence under section 85;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/6B/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/6B/b" id="section-83-6B-b"><Pnumber><Addition ChangeId="d29p2023" CommentaryRef="c13688471">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p2023" CommentaryRef="c13688471">an offence under section 2 or 5 of the </Addition><Addition ChangeId="d29p2023" CommentaryRef="c13688471"><CommentaryRef Ref="c13688481"/>Perjury Act 1911 (false statements made on oath otherwise than in judicial proceedings or made otherwise than on oath);</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/6B/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/6B/c" id="section-83-6B-c"><Pnumber><Addition ChangeId="d29p2023" CommentaryRef="c13688471">c</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p2023" CommentaryRef="c13688471">an offence under section 44(1) or (2) of the </Addition><Addition ChangeId="d29p2023" CommentaryRef="c13688471"><CommentaryRef Ref="c13688491"/>Criminal Law (Consolidation) (Scotland) Act 1995 (false statements made on oath or otherwise than on oath); or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/6B/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/6B/d" id="section-83-6B-d"><Pnumber><Addition ChangeId="d29p2023" CommentaryRef="c13688471">d</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p2023" CommentaryRef="c13688471">an offence under Article 7 or 10 of the </Addition><Addition ChangeId="d29p2023" CommentaryRef="c13688471"><CommentaryRef Ref="c13688501"/>Perjury (Northern Ireland) Order 1979 (false statements made on oath otherwise than in judicial proceedings or made otherwise than on oath).</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/7" id="section-83-7"><Pnumber>7</Pnumber><P2para><Text>Where a person claims a lien on a document, its production under this section is without prejudice to his lien.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/83/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/8" id="section-83-8"><Pnumber>8</Pnumber><P2para><Text>In this section “<Term id="term-documents">documents</Term>” includes information recorded in any form; and, in relation to information recorded otherwise than in legible form, the power to require its production includes power to require the production of a copy of it in legible form.</Text></P2para></P2></P1para></P1></P1group><P1group><Title> Exercise of powers by officer, &amp;c.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/84" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/84" id="section-84"><Pnumber>84</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/84/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/84/1" id="section-84-1"><Pnumber>1</Pnumber><P2para><Text>The Secretary of State may authorise an officer of his or any other competent person to exercise on his behalf all or any of the powers conferred by section 83.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/84/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/84/2" id="section-84-2"><Pnumber>2</Pnumber><P2para><Text>No such authority shall be granted except for the purpose of investigating—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/84/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/84/2/a" id="section-84-2-a"><Pnumber>a</Pnumber><P3para><Text>the affairs, or any aspects of the affairs, of a person specified in the authority, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/84/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/84/2/b" id="section-84-2-b"><Pnumber>b</Pnumber><P3para><Text>a subject-matter so specified,</Text></P3para></P3><Text>being a person who, or subject-matter which, is the subject of the inquiries being carried out by or on behalf of the overseas regulatory authority.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/84/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/84/3" id="section-84-3"><Pnumber>3</Pnumber><P2para><Text>No person shall be bound to comply with a requirement imposed by a person exercising powers by virtue of an authority granted under this section unless he has, if required, produced evidence of his authority.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/84/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/84/4" id="section-84-4"><Pnumber>4</Pnumber><P2para><Text>A person shall not by virtue of an authority under this section be required to disclose any information or produce any documents in respect of which he owes an obligation of confidence by virtue of carrying on the business of banking unless—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/84/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/84/4/a" id="section-84-4-a"><Pnumber>a</Pnumber><P3para><Text>the imposing on him of a requirement with respect to such information or documents has been specifically authorised by the Secretary of State, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/84/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/84/4/b" id="section-84-4-b"><Pnumber>b</Pnumber><P3para><Text>the person to whom the obligation of confidence is owed consents to the disclosure or production.</Text></P3para></P3><Text>In this subsection “<Term id="term-documents">documents</Term>” has the same meaning as in section 83.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/84/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/84/5" id="section-84-5"><Pnumber>5</Pnumber><P2para><Text>Where the Secretary of State authorises a person other than one of his officers to exercise any powers by virtue of this section, that person shall make a report to the Secretary of State in such manner as he may require on the exercise of those powers and the results of exercising them.</Text></P2para></P2></P1para></P1></P1group><P1group><Title> Penalty for failure to comply with requirement, &amp;c.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/85" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/85" id="section-85"><Pnumber>85</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/85/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/85/1" id="section-85-1"><Pnumber>1</Pnumber><P2para><Text>A person who without reasonable excuse fails to comply with a requirement imposed on him under section 83 commits an offence and is liable on summary conviction to imprisonment for a term not exceeding six months or to a fine not exceeding level 5 on the standard scale, or both.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/85/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/85/2" id="section-85-2"><Pnumber>2</Pnumber><P2para><Text>A person who in purported compliance with any such requirement furnishes information which he knows to be false or misleading in a material particular, or recklessly furnishes information which is false or misleading in a material particular, commits an offence and is liable—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/85/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/85/2/a" id="section-85-2-a"><Pnumber>a</Pnumber><P3para><Text>on conviction on indictment, to imprisonment for a term not exceeding two years or to a fine, or both;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/85/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/85/2/b" id="section-85-2-b"><Pnumber>b</Pnumber><P3para><Text>on summary conviction, to imprisonment for a term not exceeding six months or to a fine not exceeding the statutory maximum, or both.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group><Title> Restrictions on disclosure of information.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/86" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/86" id="section-86"><Pnumber>86</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/86/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/86/1" id="section-86-1"><Pnumber>1</Pnumber><P2para><Text>This section applies to information relating to the business or other affairs of a person which—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/86/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/86/1/a" id="section-86-1-a"><Pnumber>a</Pnumber><P3para><Text>is supplied by an overseas regulatory authority in connection with a request for assistance, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/86/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/86/1/b" id="section-86-1-b"><Pnumber>b</Pnumber><P3para><Text>is obtained by virtue of the powers conferred by section 83, whether or not any requirement to supply it is made under that section.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/86/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/86/2" id="section-86-2"><Pnumber>2</Pnumber><P2para><Text>Except as permitted by section 87 below, such information shall not be disclosed for any purpose—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/86/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/86/2/a" id="section-86-2-a"><Pnumber>a</Pnumber><P3para><Text>by the primary recipient, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/86/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/86/2/b" id="section-86-2-b"><Pnumber>b</Pnumber><P3para><Text>by any person obtaining the information directly or indirectly from him,</Text></P3para></P3><Text>without the consent of the person from whom the primary recipient obtained the information and, if different, the person to whom it relates.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/86/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/86/3" id="section-86-3"><Pnumber>3</Pnumber><P2para><Text>The “<Term id="term-primary-recipient">primary recipient</Term>” means, as the case may be—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/86/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/86/3/a" id="section-86-3-a"><Pnumber>a</Pnumber><P3para><Text>the Secretary of State,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/86/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/86/3/b" id="section-86-3-b"><Pnumber>b</Pnumber><P3para><Text>any person authorised under section 84 to exercise powers on his behalf, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/86/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/86/3/c" id="section-86-3-c"><Pnumber>c</Pnumber><P3para><Text>any officer or servant of any such person.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/86/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/86/4" id="section-86-4"><Pnumber>4</Pnumber><P2para><Text>Information shall not be treated as information to which this section applies if it has been made available to the public by virtue of being disclosed in any circumstances in which, or for any purpose for which, disclosure is not precluded by this section.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/86/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/86/5" id="section-86-5"><Pnumber>5</Pnumber><P2para><Text>A person who contravenes this section commits an offence and is liable—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/86/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/86/5/a" id="section-86-5-a"><Pnumber>a</Pnumber><P3para><Text>on conviction on indictment, to imprisonment for a term not exceeding two years or to a fine, or both;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/86/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/86/5/b" id="section-86-5-b"><Pnumber>b</Pnumber><P3para><Text>on summary conviction, to imprisonment for a term not exceeding three months or to a fine not exceeding the statutory maximum, or both.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2023-12-31"><Title> Exceptions from restrictions on disclosure.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87" id="section-87"><Pnumber><CommentaryRef Ref="c13691771"/><CommentaryRef Ref="c13691781"/>87</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/1" id="section-87-1"><Pnumber>1</Pnumber><P2para><Text>Information to which section 86 applies may be disclosed—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/1/a" id="section-87-1-a"><Pnumber>a</Pnumber><P3para><Text>to any person with a view to the institution of, or otherwise for the purposes of, relevant proceedings,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/1/b" id="section-87-1-b"><Pnumber><CommentaryRef Ref="c13691791"/>b</Pnumber><P3para><Text>for the purpose of enabling or assisting a relevant authority to discharge any relevant function (including functions in relation to proceedings),</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/1/c" id="section-87-1-c"><Pnumber>c</Pnumber><P3para><Text>to the Treasury, if the disclosure is made in the interests of investors or in the public interest,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/1/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/1/d" id="section-87-1-d"><Pnumber>d</Pnumber><P3para><Text>if the information is or has been available to the public from other sources,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/1/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/1/e" id="section-87-1-e"><Pnumber>e</Pnumber><P3para><Text>in a summary or collection of information framed in such a way as not to enable the identity of any person to whom the information relates to be ascertained, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/1/f" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/1/f" id="section-87-1-f"><Pnumber>f</Pnumber><P3para><Text>in pursuance of any  <Substitution ChangeId="key-2f88313ba908a7c28fd2b35fd17982ac-1560956590120" CommentaryRef="key-2f88313ba908a7c28fd2b35fd17982ac">EU</Substitution>  obligation.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/2" id="section-87-2"><Pnumber>2</Pnumber><P2para><Text>The relevant proceedings referred to in subsection (1)(a) are—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/2/a" id="section-87-2-a"><Pnumber>a</Pnumber><P3para><Text>any criminal proceedings,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/2/b" id="section-87-2-b"><Pnumber><Substitution ChangeId="key-8b850763e6971c7e1ca3dcaaf772484d-1560954775945" CommentaryRef="key-8b850763e6971c7e1ca3dcaaf772484d">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-8b850763e6971c7e1ca3dcaaf772484d-1560954775945" CommentaryRef="key-8b850763e6971c7e1ca3dcaaf772484d">civil proceedings arising under or by virtue of the Financial Services and Markets Act 2000 and proceedings before the Upper Tribunal in respect of—</Substitution></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/2/b/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/2/b/i" id="section-87-2-b-i"><Pnumber><Substitution ChangeId="key-8b850763e6971c7e1ca3dcaaf772484d-1560954775945" CommentaryRef="key-8b850763e6971c7e1ca3dcaaf772484d"><Substitution ChangeId="key-b94d7026847db4d74042f2e5a9e39b25-1561304084548" CommentaryRef="key-b94d7026847db4d74042f2e5a9e39b25">i</Substitution></Substitution></Pnumber><P4para><Text><Substitution ChangeId="key-8b850763e6971c7e1ca3dcaaf772484d-1560954775945" CommentaryRef="key-8b850763e6971c7e1ca3dcaaf772484d"><Substitution ChangeId="key-b94d7026847db4d74042f2e5a9e39b25-1561304084548" CommentaryRef="key-b94d7026847db4d74042f2e5a9e39b25">a decision of the FCA;</Substitution></Substitution></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/2/b/ia" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/2/b/ia" id="section-87-2-b-ia"><Pnumber><Substitution ChangeId="key-8b850763e6971c7e1ca3dcaaf772484d-1560954775945" CommentaryRef="key-8b850763e6971c7e1ca3dcaaf772484d"><Substitution ChangeId="key-b94d7026847db4d74042f2e5a9e39b25-1561304084548" CommentaryRef="key-b94d7026847db4d74042f2e5a9e39b25">ia</Substitution></Substitution></Pnumber><P4para><Text><Substitution ChangeId="key-8b850763e6971c7e1ca3dcaaf772484d-1560954775945" CommentaryRef="key-8b850763e6971c7e1ca3dcaaf772484d"><Substitution ChangeId="key-b94d7026847db4d74042f2e5a9e39b25-1561304084548" CommentaryRef="key-b94d7026847db4d74042f2e5a9e39b25">a decision of the PRA;</Substitution></Substitution></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/2/b/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/2/b/ii" id="section-87-2-b-ii"><Pnumber><Substitution ChangeId="key-8b850763e6971c7e1ca3dcaaf772484d-1560954775945" CommentaryRef="key-8b850763e6971c7e1ca3dcaaf772484d">ii</Substitution></Pnumber><P4para><Text><Substitution ChangeId="key-8b850763e6971c7e1ca3dcaaf772484d-1560954775945" CommentaryRef="key-8b850763e6971c7e1ca3dcaaf772484d">a decision of the Bank of England; or</Substitution></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/2/b/iii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/2/b/iii" id="section-87-2-b-iii"><Pnumber><Substitution ChangeId="key-8b850763e6971c7e1ca3dcaaf772484d-1560954775945" CommentaryRef="key-8b850763e6971c7e1ca3dcaaf772484d">iii</Substitution></Pnumber><P4para><Text><Substitution ChangeId="key-8b850763e6971c7e1ca3dcaaf772484d-1560954775945" CommentaryRef="key-8b850763e6971c7e1ca3dcaaf772484d">a decision of a person relating to the assessment of any compensation or consideration under the Banking (Special Provisions) Act 2008  </Substitution><Substitution ChangeId="key-8b850763e6971c7e1ca3dcaaf772484d-1560954775945" CommentaryRef="key-8b850763e6971c7e1ca3dcaaf772484d"><Substitution ChangeId="key-d75442a55aaf7f76199dac863581dc70-1706703282460" CommentaryRef="key-d75442a55aaf7f76199dac863581dc70">, the Banking Act 2009 or Schedule 11 to the Financial Services and Markets Act 2023</Substitution></Substitution><Substitution ChangeId="key-8b850763e6971c7e1ca3dcaaf772484d-1560954775945" CommentaryRef="key-8b850763e6971c7e1ca3dcaaf772484d">,</Substitution></Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/2/c" id="section-87-2-c"><Pnumber>c</Pnumber><P3para><Text>disciplinary proceedings relating to—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/2/c/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/2/c/i" id="section-87-2-c-i"><Pnumber>i</Pnumber><P4para><Text>the exercise by a  <Substitution ChangeId="key-516569eaf2857d1244f65b66a094da4a-1560954160065" CommentaryRef="key-516569eaf2857d1244f65b66a094da4a">relevant lawyer</Substitution>, auditor, accountant, valuer or actuary of his professional duties, or</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/2/c/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/2/c/ii" id="section-87-2-c-ii"><Pnumber>ii</Pnumber><P4para><Text>the discharge by a public servant of his duties.</Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/2/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/2/d" id="section-87-2-d"><Pnumber><Addition ChangeId="d29p2386" CommentaryRef="c18761191">d</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p2386" CommentaryRef="c18761191">proceedings before </Addition><Addition ChangeId="d29p2386" CommentaryRef="c18761191"><Repeal ChangeId="key-d2978fa04a394cd563ddae16d4fc4028-1560954671573" CommentaryRef="key-d2978fa04a394cd563ddae16d4fc4028" RetainText="true" SubstitutionRef="key-d2978fa04a394cd563ddae16d4fc4028-1560954671574" Extent="E+W+S">the Pensions Regulator Tribunal</Repeal></Addition><Addition ChangeId="d29p2386" CommentaryRef="c18761191"><Addition ChangeId="key-d2978fa04a394cd563ddae16d4fc4028-1560954671574" CommentaryRef="key-d2978fa04a394cd563ddae16d4fc4028" Extent="E+W+S">a tribunal in relation to a decision of the Pensions Regulator</Addition></Addition><Addition ChangeId="d29p2386" CommentaryRef="c18761191">.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/2A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/2A" id="section-87-2A"><Pnumber><Addition ChangeId="key-3841260b4490b4285582175ed31384cc-1560954106425" CommentaryRef="key-3841260b4490b4285582175ed31384cc">2A</Addition></Pnumber><P2para><Text><Addition ChangeId="key-3841260b4490b4285582175ed31384cc-1560954106425" CommentaryRef="key-3841260b4490b4285582175ed31384cc">In subsection (2)(c)(i)
								 “</Addition><Term><Addition ChangeId="key-3841260b4490b4285582175ed31384cc-1560954106425" CommentaryRef="key-3841260b4490b4285582175ed31384cc">relevant lawyer</Addition></Term><Addition ChangeId="key-3841260b4490b4285582175ed31384cc-1560954106425" CommentaryRef="key-3841260b4490b4285582175ed31384cc">” means—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/2A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/2A/a" id="section-87-2A-a"><Pnumber><Addition ChangeId="key-3841260b4490b4285582175ed31384cc-1560954106425" CommentaryRef="key-3841260b4490b4285582175ed31384cc">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-3841260b4490b4285582175ed31384cc-1560954106425" CommentaryRef="key-3841260b4490b4285582175ed31384cc">a person who, for the purposes of the Legal Services Act 2007, is an authorised person in relation to an activity which constitutes a reserved legal activity (within the meaning of that Act),</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/2A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/2A/b" id="section-87-2A-b"><Pnumber><Addition ChangeId="key-3841260b4490b4285582175ed31384cc-1560954106425" CommentaryRef="key-3841260b4490b4285582175ed31384cc">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-3841260b4490b4285582175ed31384cc-1560954106425" CommentaryRef="key-3841260b4490b4285582175ed31384cc">a solicitor or barrister in Northern Ireland, or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/2A/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/2A/c" id="section-87-2A-c"><Pnumber><Addition ChangeId="key-3841260b4490b4285582175ed31384cc-1560954106425" CommentaryRef="key-3841260b4490b4285582175ed31384cc">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-3841260b4490b4285582175ed31384cc-1560954106425" CommentaryRef="key-3841260b4490b4285582175ed31384cc">a solicitor or advocate in Scotland.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/3" id="section-87-3"><Pnumber>3</Pnumber><P2para><Text>In subsection (2)(c)(ii) “<Term id="term-public-servant">public servant</Term>” means an officer or servant of the Crown or of any public or other authority for the time being designated for the purposes of that provision by order of the Secretary of State.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/4" id="section-87-4"><Pnumber>4</Pnumber><P2para><Text>The relevant authorities referred to in subsection (1)(b), and the relevant functions in relation to each such authority, are as follows—</Text><Tabular Orientation="portrait"><table xmlns="http://www.w3.org/1999/xhtml" cols="2"><tbody><tr><th><Emphasis xmlns="http://www.legislation.gov.uk/namespaces/legislation">Authority</Emphasis></th><th><Emphasis xmlns="http://www.legislation.gov.uk/namespaces/legislation">Functions</Emphasis></th></tr><tr><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2421" CommentaryRef="c13691811">The Secretary of State</Addition></td><td><Para xmlns="http://www.legislation.gov.uk/namespaces/legislation"><Text><Addition ChangeId="d29p2421" CommentaryRef="c13691811">Functions under—</Addition></Text></Para><Para xmlns="http://www.legislation.gov.uk/namespaces/legislation"><Text><Addition ChangeId="d29p2421" CommentaryRef="c13691811">(a)the enactments relating to companies or insolvency;</Addition></Text></Para><Para xmlns="http://www.legislation.gov.uk/namespaces/legislation"><Text><Addition ChangeId="d29p2421" CommentaryRef="c13691811">(b)Part 2, this Part or Part 7 of this Act;</Addition></Text></Para><Para xmlns="http://www.legislation.gov.uk/namespaces/legislation"><Text><Addition ChangeId="d29p2421" CommentaryRef="c13691811">(c)the Financial Services and Markets Act 2000.</Addition></Text></Para></td></tr><tr><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2440" CommentaryRef="c13691821">The Treasury.</Addition></td><td><Para xmlns="http://www.legislation.gov.uk/namespaces/legislation"><Text><Addition ChangeId="d29p2440" CommentaryRef="c13691821">Functions under—</Addition></Text></Para><Para xmlns="http://www.legislation.gov.uk/namespaces/legislation"><Text><Addition ChangeId="d29p2440" CommentaryRef="c13691821">(a)this Part or Part 7 of this Act;</Addition></Text></Para><Para xmlns="http://www.legislation.gov.uk/namespaces/legislation"><Text><Addition ChangeId="d29p2440" CommentaryRef="c13691821">(b)the Financial Services and Markets Act 2000.</Addition></Text></Para></td></tr><tr><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2456" CommentaryRef="c13691831">An inspector appointed under Part 14 of the Companies Act 1985.</Addition></td><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2456" CommentaryRef="c13691831">Functions under that Part.</Addition></td></tr><tr><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2464" CommentaryRef="c13691841">A person authorised to exercise powers under section 447 of the Companies Act 1985 or section 84 of this Act.</Addition></td><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2464" CommentaryRef="c13691841">Functions under that section.</Addition></td></tr><tr><td><Para xmlns="http://www.legislation.gov.uk/namespaces/legislation"><Text><Addition ChangeId="d29p2472" CommentaryRef="c13691841">A person appointed under—</Addition></Text></Para><Para xmlns="http://www.legislation.gov.uk/namespaces/legislation"><Text><Addition ChangeId="d29p2472" CommentaryRef="c13691841">(a)section 167 of the Financial Services and Markets Act 2000 (general investigations),</Addition></Text></Para><Para xmlns="http://www.legislation.gov.uk/namespaces/legislation"><Text><Addition ChangeId="d29p2472" CommentaryRef="c13691841">(b)section 168 of that Act (investigations in particular cases),</Addition></Text></Para><Para xmlns="http://www.legislation.gov.uk/namespaces/legislation"><Text><Addition ChangeId="d29p2472" CommentaryRef="c13691841">(c)section 169(1)(b) of that Act (investigation in support of overseas regulator),</Addition></Text></Para><Para xmlns="http://www.legislation.gov.uk/namespaces/legislation"><Text><Addition ChangeId="d29p2472" CommentaryRef="c13691841">(d)section 284 of that Act (investigations into affairs of certain collective investment schemes), or</Addition></Text></Para><Para xmlns="http://www.legislation.gov.uk/namespaces/legislation"><Text><Addition ChangeId="d29p2472" CommentaryRef="c13691841">(e)regulations made as a result of section 262(2)(k) of that Act (investigations into open-ended investment companies),to conduct an investigation.</Addition></Text></Para></td><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2472" CommentaryRef="c13691841">Functions in relation to the investigation.</Addition></td></tr><tr><td>An overseas regulatory authority.</td><td>Its regulatory functions (within the meaning of section 82 of this Act).</td></tr><tr><td>The Department of Economic Development in Northern Ireland or a person appointed or authorised by that Department.</td><td>Functions conferred on it or him by the enactments relating to companies or insolvency.</td></tr><tr><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td></tr><tr><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td></tr><tr><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td></tr><tr><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td></tr><tr><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td></tr><tr><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td></tr><tr><td>The Bank of England.</td><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2552" CommentaryRef="c13691981">Any of its functions</Addition></td></tr><tr><td> <Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2557" CommentaryRef="c13691991"><Substitution ChangeId="key-ecb02bb4528f563993a115bcac7a12f0-1561303920654" CommentaryRef="key-ecb02bb4528f563993a115bcac7a12f0">The FCA or the PRA</Substitution></Addition><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2557" CommentaryRef="c13691991">.</Addition></td><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2557" CommentaryRef="c13691991">Functions under the enactments relating to friendly societies, under the Building Societies Act 1986 and under the Financial Services and Markets Act 2000.</Addition></td></tr><tr><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2565" CommentaryRef="c13692001">A body corporate established in accordance with section 212(1) of that Act.</Addition></td><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2565" CommentaryRef="c13692001">Functions under the Financial Services Compensation Scheme, established in accordance with section 213 of that Act.</Addition></td></tr><tr><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2565" CommentaryRef="c13692001">A recognised investment exchange</Addition><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2565" CommentaryRef="c13692001"><Substitution ChangeId="key-a9fd58e325c45e047e7cdb7c7ff960e8-1564752785591" CommentaryRef="key-a9fd58e325c45e047e7cdb7c7ff960e8">,</Substitution></Addition><Character xmlns="http://www.legislation.gov.uk/namespaces/legislation" Name="NonBreakingSpace"/><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2565" CommentaryRef="c13692001"><Substitution ChangeId="key-a9fd58e325c45e047e7cdb7c7ff960e8-1564752785591" CommentaryRef="key-a9fd58e325c45e047e7cdb7c7ff960e8">recognised clearing house or recognised CSD</Substitution></Addition><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2565" CommentaryRef="c13692001">  (as defined by section 285 of that Act).</Addition></td><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2565" CommentaryRef="c13692001">Functions in its capacity as an exchange  </Addition><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2565" CommentaryRef="c13692001"><Substitution ChangeId="key-3425481818af9333fd2000a20d46629a-1564752833865" CommentaryRef="key-3425481818af9333fd2000a20d46629a">clearing house or central securities depository</Substitution></Addition><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2565" CommentaryRef="c13692001">  recognised under that Act.</Addition></td></tr><tr><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2565" CommentaryRef="c13692001">A body designated under section 326(1) of the Financial Services and Markets Act 2000.</Addition></td><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2565" CommentaryRef="c13692001">Functions in its capacity as a body designated under that section.</Addition></td></tr><tr><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td></tr><tr><td><Substitution xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2590" CommentaryRef="c23403001">A body designated by order under section 1252 of the Companies Act 2006.</Substitution></td><td><Substitution xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2594" CommentaryRef="c23403001">Functions under Part 42 of the Companies Act 2006.</Substitution></td></tr><tr><td><Substitution xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2599" CommentaryRef="c23403021">A recognised supervisory or qualifying body within the meaning of Part 42 of the Companies Act 2006.</Substitution></td><td><Substitution xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2603" CommentaryRef="c23403021">Functions as such a body.</Substitution></td></tr><tr><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td></tr><tr><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13692051"/>. . .</td><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13692051"/>. . .</td></tr><tr><td>The Official Receiver or, in Northern Ireland, the Official Assignee for company liquidations or for bankruptcy.</td><td>Functions under the enactments relating to insolvency.</td></tr><tr><td>A recognised professional body (within the meaning of section 391 of the Insolvency Act 1986).</td><td>Functions in its capacity as such a body under the <CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13692071"/>Insolvency Act 1986.</td></tr><tr><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="c13691861"/>. . .</td></tr><tr><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2642" CommentaryRef="c18761251">The Pensions Regulator</Addition></td><td><P xmlns="http://www.legislation.gov.uk/namespaces/legislation"><BlockText><Para><Text><Addition ChangeId="d29p2642" CommentaryRef="c18761251">Functions conferred by or by virtue of—</Addition></Text></Para><OrderedList Type="alpha" Decoration="parens"><ListItem NumberOverride="a"><Para><Text><Addition ChangeId="d29p2642" CommentaryRef="c18761251">the Pension Schemes Act 1993,</Addition></Text></Para></ListItem><ListItem NumberOverride="b"><Para><Text><Addition ChangeId="d29p2642" CommentaryRef="c18761251">the Pensions Act 1995,</Addition></Text></Para></ListItem><ListItem NumberOverride="c"><Para><Text><Addition ChangeId="d29p2642" CommentaryRef="c18761251">the Welfare Reform and Pensions Act 1999,</Addition></Text></Para></ListItem><ListItem NumberOverride="d"><Para><Text><Addition ChangeId="d29p2642" CommentaryRef="c18761251">the Pensions Act 2004,</Addition></Text></Para></ListItem></OrderedList><Para><Text><Addition ChangeId="d29p2642" CommentaryRef="c18761251">or any enactment in force in Northern Ireland corresponding to an enactment mentioned in paragraphs (a) to (d) above.</Addition></Text></Para></BlockText></P></td></tr><tr><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2642" CommentaryRef="c18761251">The Board of the Pension Protection Fund</Addition></td><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2642" CommentaryRef="c18761251">Functions conferred by or by virtue of Part 2 of the Pensions Act 2004 or any enactment in force in Northern Ireland corresponding to that Part.</Addition></td></tr><tr><td> <Substitution xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="key-69e5766f3a9d455379f5a7581aefe335-1564739062515" CommentaryRef="key-69e5766f3a9d455379f5a7581aefe335">The Competition and Markets Authority</Substitution> </td><td>Functions under the  <Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2684" CommentaryRef="c13692131">Financial Services and Markets Act 2000</Addition>.</td></tr><tr><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2690" CommentaryRef="c13692141">A person authorised by the Secretary of State under sections 245C of the Companies Act 1985.</Addition></td><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2694" CommentaryRef="c13692141">Functions relating to the securing of compliance by companies with the accounting requirements of that Act).</Addition></td></tr><tr><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="key-c7d37786094265defdef83472b20cf0f"/>. . .</td><td><CommentaryRef xmlns="http://www.legislation.gov.uk/namespaces/legislation" Ref="key-c7d37786094265defdef83472b20cf0f"/>. . .</td></tr><tr><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2707" CommentaryRef="c13692181">The Comptroller and Auditor General.</Addition></td><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2707" CommentaryRef="c13692181">Functions under Part 2 of the National Audit Act 1983.</Addition></td></tr><tr><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2715" CommentaryRef="c13692191">The Scottish Ministers</Addition></td><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2715" CommentaryRef="c13692191">Functions under the enactments relating to insolvency</Addition></td></tr><tr><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2715" CommentaryRef="c13692191">The Accountant in Bankruptcy</Addition></td><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2715" CommentaryRef="c13692191">Functions he has under the enactments relating to insolvency.</Addition></td></tr><tr><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2727" CommentaryRef="c18761381"> The Regulator of Community Interest Companies.</Addition></td><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2727" CommentaryRef="c18761381"> Functions under the Companies (Audit, Investigations and Community Enterprise) Act 2004.</Addition></td></tr><tr><td><Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2735" CommentaryRef="c18763881">The Gambling Commission</Addition></td><td> <Addition xmlns="http://www.legislation.gov.uk/namespaces/legislation" ChangeId="d29p2735" CommentaryRef="c18763881"><Substitution ChangeId="key-a65b031d3d8983464b12b979619f8418-1564738517734" CommentaryRef="key-a65b031d3d8983464b12b979619f8418">Functions under—</Substitution></Addition><P3 xmlns="http://www.legislation.gov.uk/namespaces/legislation" DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/4/a" id="section-87-4-a"><Pnumber><Addition ChangeId="d29p2735" CommentaryRef="c18763881"><Substitution ChangeId="key-a65b031d3d8983464b12b979619f8418-1564738517734" CommentaryRef="key-a65b031d3d8983464b12b979619f8418">a</Substitution></Addition></Pnumber><P3para><Text><Addition ChangeId="d29p2735" CommentaryRef="c18763881"><Substitution ChangeId="key-a65b031d3d8983464b12b979619f8418-1564738517734" CommentaryRef="key-a65b031d3d8983464b12b979619f8418">the Gambling Act 2005,</Substitution></Addition></Text></P3para></P3><P3 xmlns="http://www.legislation.gov.uk/namespaces/legislation" DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/4/b" id="section-87-4-b"><Pnumber><Addition ChangeId="d29p2735" CommentaryRef="c18763881"><Substitution ChangeId="key-a65b031d3d8983464b12b979619f8418-1564738517734" CommentaryRef="key-a65b031d3d8983464b12b979619f8418">b</Substitution></Addition></Pnumber><P3para><Text><Addition ChangeId="d29p2735" CommentaryRef="c18763881"><Substitution ChangeId="key-a65b031d3d8983464b12b979619f8418-1564738517734" CommentaryRef="key-a65b031d3d8983464b12b979619f8418">sections 5 to 10 and 15 of the National Lottery </Substitution></Addition><Abbreviation Expansion="et cetera" xml:lang="la"><Addition ChangeId="d29p2735" CommentaryRef="c18763881"><Substitution ChangeId="key-a65b031d3d8983464b12b979619f8418-1564738517734" CommentaryRef="key-a65b031d3d8983464b12b979619f8418">etc.</Substitution></Addition></Abbreviation><Addition ChangeId="d29p2735" CommentaryRef="c18763881"><Substitution ChangeId="key-a65b031d3d8983464b12b979619f8418-1564738517734" CommentaryRef="key-a65b031d3d8983464b12b979619f8418"> Act 1993.</Substitution></Addition></Text></P3para></P3> </td></tr></tbody></table></Tabular></P2para><P2para><Text><Emphasis><Addition ChangeId="d29p2741" CommentaryRef="c13692201">Note:</Addition></Emphasis><Addition ChangeId="d29p2741" CommentaryRef="c13692201"> Article 3(4) of the Companies (Disclosure of Information)
					(Designated Authorities)
					(</Addition><Abbreviation Expansion="Number"><Addition ChangeId="d29p2741" CommentaryRef="c13692201">No.</Addition></Abbreviation><Addition ChangeId="d29p2741" CommentaryRef="c13692201"> 2) Order 2002 restricts the circumstances in which disclosure for the purpose of enabling or assisting the Comptroller and Auditor General to discharge his relevant functions is permitted.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/5" id="section-87-5"><Pnumber>5</Pnumber><P2para><Text>The Secretary of State may by order amend the Table in subsection (4) so as to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/5/a" id="section-87-5-a"><Pnumber>a</Pnumber><P3para><Text>add any public or other authority to the Table and specify the relevant functions of that authority,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/5/b" id="section-87-5-b"><Pnumber>b</Pnumber><P3para><Text>remove any authority from the Table, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/5/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/5/c" id="section-87-5-c"><Pnumber>c</Pnumber><P3para><Text>add functions to, or remove functions from, those which are relevant functions in relation to an authority specified in the Table;</Text></P3para></P3><Text>and the order may impose conditions subject to which, or otherwise restrict the circumstances in which, disclosure is permitted.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/87/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/6" id="section-87-6"><Pnumber>6</Pnumber><P2para><Text>An order under this section shall be made by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title> Exercise of powers in relation to Northern Ireland.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/88" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/88" id="section-88"><Pnumber>88</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/88/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/88/1" id="section-88-1"><Pnumber>1</Pnumber><P2para><Text>The following provisions apply where it appears to the Secretary of State that a request for assistance by an overseas regulatory authority may involve the powers conferred by section 83 being exercised in Northern Ireland in relation to matters which are transferred matters within the meaning of the <CommentaryRef Ref="c13692261"/>Northern Ireland Constitution Act 1973.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/88/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/88/2" id="section-88-2"><Pnumber>2</Pnumber><P2para><Text>The Secretary of State shall before deciding whether to accede to the request consult the Department of Economic Development in Northern Ireland, and if he decides to accede to the request and it appears to him—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/88/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/88/2/a" id="section-88-2-a"><Pnumber>a</Pnumber><P3para><Text>that the powers should be exercised in Northern Ireland, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/88/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/88/2/b" id="section-88-2-b"><Pnumber>b</Pnumber><P3para><Text>that the purposes for which they should be so exercised relate wholly or primarily to transferred matters,</Text></P3para></P3><Text>he shall by instrument in writing authorise the Department to exercise in Northern Ireland his powers under section 83.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/88/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/88/3" id="section-88-3"><Pnumber>3</Pnumber><P2para><Text>The following provisions have effect in relation to the exercise of powers by virtue of such an authority with the substitution for references to the Secretary of State of references to the Department of Economic Development in Northern Ireland—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/88/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/88/3/a" id="section-88-3-a"><Pnumber>a</Pnumber><P3para><Text>section 84 (exercise of powers by officer, &amp;c.),</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/88/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/88/3/b" id="section-88-3-b"><Pnumber><Addition ChangeId="d29p2829" CommentaryRef="c13692271">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p2829" CommentaryRef="c13692271">section 449 of the Companies Act 1985 and sections 86 and 87 above (restrictions on disclosure of information);</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/88/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/88/3/c" id="section-88-3-c"><Pnumber>c</Pnumber><P3para><Text>section 89 (authority for institution of criminal proceedings);</Text></P3para></P3><Text>and references to the Secretary of State in other enactments which proceed by reference to those provisions shall be construed accordingly as being or including references to the Department.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/88/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/88/4" id="section-88-4"><Pnumber>4</Pnumber><P2para><Text>The Secretary of State may after consultation with the Department of Economic Development in Northern Ireland revoke an authority given to the Department under this section.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/88/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/88/5" id="section-88-5"><Pnumber>5</Pnumber><P2para><Text>In that case nothing in the provisions referred to in subsection (3)(b) shall apply so as to prevent the Department from giving the Secretary of State any information obtained by virtue of the authority; and (without prejudice to their application in relation to disclosure by the Department) those provisions shall apply to the disclosure of such information by the Secretary of State as if it had been obtained by him in the first place.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/88/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/88/6" id="section-88-6"><Pnumber>6</Pnumber><P2para><Text>Nothing in this section affects the exercise by the Secretary of State of any powers in Northern Ireland—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/88/6/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/88/6/a" id="section-88-6-a"><Pnumber>a</Pnumber><P3para><Text>in a case where at the time of acceding to the request it did not appear to him that the circumstances were such as to require him to authorise the Department of Economic Development in Northern Ireland to exercise those powers, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/88/6/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/88/6/b" id="section-88-6-b"><Pnumber>b</Pnumber><P3para><Text>after the revocation by him of any such authority;</Text></P3para></P3><Text>and no objection shall be taken to anything done by or in relation to the Secretary of State or the Department on the ground that it should have been done by or in relation to the other.</Text></P2para></P2></P1para></P1></P1group><P1group><Title> Prosecutions.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/89" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/89" id="section-89"><Pnumber>89</Pnumber><P1para><Text>Proceedings for an offence under section 85 or 86 shall not be instituted—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/89/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/89/a" id="section-89-a"><Pnumber>a</Pnumber><P3para><Text>in England and Wales, except by or with the consent of the Secretary of State or the Director of Public Prosecutions;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/89/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/89/b" id="section-89-b"><Pnumber>b</Pnumber><P3para><Text>in Northern Ireland, except by or with the consent of the Secretary of State or the Director of Public Prosecutions for Northern Ireland.</Text></P3para></P3></P1para></P1></P1group><P1group><Title> Offences by bodies corporate, partnerships and unincorporated associations.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/90" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/90" id="section-90"><Pnumber>90</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/90/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/90/1" id="section-90-1"><Pnumber>1</Pnumber><P2para><Text>Where an offence under section 85 or 86 committed by a body corporate is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of, a director, manager, secretary or other similar officer of the body, or a person purporting to act in any such capacity, he as well as the body corporate is guilty of the offence and liable to be proceeded against and punished accordingly.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/90/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/90/2" id="section-90-2"><Pnumber>2</Pnumber><P2para><Text>Where the affairs of a body corporate are managed by its members, subsection (1) applies in relation to the acts and defaults of a member in connection with his functions of management as to a director of a body corporate.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/90/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/90/3" id="section-90-3"><Pnumber>3</Pnumber><P2para><Text>Where an offence under section 85 or 86 committed by a partnership is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of, a partner, he as well as the partnership is guilty of the offence and liable to be proceeded against and punished accordingly.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/90/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/90/4" id="section-90-4"><Pnumber>4</Pnumber><P2para><Text>Where an offence under section 85 or 86 committed by an unincorporated association (other than a partnership) is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of, any officer of the association or any member of its governing body, he as well as the association is guilty of the offence and liable to be proceeded against and punished accordingly.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="1996-04-01"><Title> Jurisdiction and procedure in respect of offences.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/91" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/91" id="section-91"><Pnumber>91</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/91/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/91/1" id="section-91-1"><Pnumber>1</Pnumber><P2para><Text>Summary proceedings for an offence under section 85 may, without prejudice to any jurisdiction exercisable apart from this section, be taken against a body corporate or unincorporated association at any place at which it has a place of business and against an individual at any place where he is for the time being.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/91/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/91/2" id="section-91-2"><Pnumber>2</Pnumber><P2para><Text>Proceedings for an offence alleged to have been committed under section 85 or 86 by an unincorporated association shall be brought in the name of the association (and not in that of any of its members), and for the purposes of any such proceedings any rules of court relating to the service of documents apply as in relation to a body corporate.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/91/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/91/3" id="section-91-3"><Pnumber>3</Pnumber><P2para><Text>Section 33 of the <CommentaryRef Ref="c13692331"/>Criminal Justice Act 1925 and Schedule 3 to the <CommentaryRef Ref="c13692341"/>Magistrates’ Courts Act 1980 (procedure on charge of offence against a corporation) apply in a case in which an unincorporated association is charged in England and Wales with an offence under section 85 or 86 as they apply in the case of a corporation.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/91/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/91/4" id="section-91-4"><Pnumber>4</Pnumber><P2para><Text>In relation to proceedings on indictment in Scotland for an offence alleged to have been committed under section 85 or 86 by an unincorporated association, <Addition ChangeId="d29p2968" CommentaryRef="c13692351">section 70 of the </Addition><Addition ChangeId="d29p2968" CommentaryRef="c13692351"><CommentaryRef Ref="c13692361"/>Criminal Procedure (Scotland) Act 1995</Addition> (proceedings on indictment against bodies corporate) applies as if the association were a body corporate.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/91/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/91/5" id="section-91-5"><Pnumber>5</Pnumber><P2para><Text>Section 18 of the <CommentaryRef Ref="c13692371"/>Criminal Justice Act (Northern Ireland) 1945 and Schedule 4 to the <CommentaryRef Ref="c13692381"/>Magistrates’ Courts (Northern Ireland) Order 1981 (procedure on charge of offence against a corporation) apply in a case in which an unincorporated association is charged in Northern Ireland with an offence under section 85 or 86 as they apply in the case of a corporation.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/91/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/91/6" id="section-91-6"><Pnumber>6</Pnumber><P2para><Text>A fine imposed on an unincorporated association on its conviction of such an offence shall be paid out of the funds of the association.</Text></P2para></P2></P1para></P1></P1group></Pblock></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/IV" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/IV" NumberOfProvisions="16" id="part-IV" RestrictExtent="E+W+S+N.I." Status="Prospective" Match="false"><Number><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>
          Part IV</Number><Title> Registration of Company Charges</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/IV/crossheading/introduction" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/IV/crossheading/introduction" NumberOfProvisions="1" id="part-IV-crossheading-introduction" Status="Prospective" Match="false"><Title><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/> Introduction</Title><P1group Status="Prospective" Match="false"><Title> Introduction.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/92" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/92" id="section-92"><Pnumber><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>92</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/IV/crossheading/registration-in-the-companies-charges-register" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/IV/crossheading/registration-in-the-companies-charges-register" NumberOfProvisions="8" id="part-IV-crossheading-registration-in-the-companies-charges-register" Status="Prospective" Match="false"><Title><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/> Registration in the companies charges register</Title><P1group ConfersPower="true" Status="Prospective" Match="false"><Title> Charges requiring registration.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/93" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/93" id="section-93"><Pnumber><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>93</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group Status="Prospective" Match="false"><Title> The companies charges register.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/94" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/94" id="section-94"><Pnumber><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>94</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group Status="Prospective" Match="false"><Title> Delivery of particulars for registration.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/95" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/95" id="section-95"><Pnumber><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>95</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group Status="Prospective" Match="false"><Title> Delivery of further particulars.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/96" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/96" id="section-96"><Pnumber><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>96</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group Status="Prospective" Match="false"><Title> Effect of omissions and errors in registered particulars.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/97" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/97" id="section-97"><Pnumber><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>97</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group Status="Prospective" Match="false"><Title> Memorandum of charge ceasing to affect company’s property.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/98" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/98" id="section-98"><Pnumber><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>98</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group Status="Prospective" Match="false"><Title> Further provisions with respect to voidness of charges.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/99" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/99" id="section-99"><Pnumber><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>99</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group ConfersPower="true" Status="Prospective" Match="false"><Title> Additional information to be registered.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/100" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/100" id="section-100"><Pnumber><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>100</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/IV/crossheading/copies-of-instruments-and-register-to-be-kept-by-the-company" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/IV/crossheading/copies-of-instruments-and-register-to-be-kept-by-the-company" NumberOfProvisions="1" id="part-IV-crossheading-copies-of-instruments-and-register-to-be-kept-by-the-company" Status="Prospective" Match="false"><Title><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/> Copies of instruments and register to be kept by the company</Title><P1group Status="Prospective" Match="false"><Title> Copies of instruments and register to be kept by the company</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/101" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/101" id="section-101"><Pnumber><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>101</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/IV/crossheading/supplementary-provisions" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/IV/crossheading/supplementary-provisions" NumberOfProvisions="6" id="part-IV-crossheading-supplementary-provisions" Status="Prospective" Match="false"><Title><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/> Supplementary provisions</Title><P1group ConfersPower="true" Status="Prospective" Match="false"><Title> Power to make further provision by regulations.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/102" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/102" id="section-102"><Pnumber><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>102</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group Status="Prospective" Match="false"><Title> Other supplementary provisions.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/103" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/103" id="section-103"><Pnumber><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>103</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group ConfersPower="true" Status="Prospective" Match="false"><Title> Interpretation, &amp;c.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/104" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/104" id="section-104"><Pnumber><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>104</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group Status="Prospective" Match="false"><Title> Charges on property of oversea company.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/105" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/105" id="section-105"><Pnumber><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>105</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group Status="Prospective" Match="false"><Title> Application of provisions to unregistered companies.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/106" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/106" id="section-106"><Pnumber><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>106</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group Status="Prospective" Match="false"><Title> Consequential amendments.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/107" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/107" id="section-107"><Pnumber><CommentaryRef Ref="key-38d9a028e598d4ecb0ce53bd37b914e7"/>107</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/V" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/V" NumberOfProvisions="39" id="part-V" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Number>Part V</Number><Title> Other amendments of Company Law</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/V/crossheading/a-companys-capacity-and-related-matters" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/V/crossheading/a-companys-capacity-and-related-matters" NumberOfProvisions="5" id="part-V-crossheading-a-companys-capacity-and-related-matters" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> A company’s capacity and related matters</Title><P1group RestrictExtent="E+W+S+N.I." Status="Repealed" RestrictStartDate="2009-10-01"><Title> A company’s objects and the power of the directors to bind it.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/108" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/108" id="section-108"><Pnumber><CommentaryRef Ref="key-fc4c55fc278562a25d1f565bb690e606"/>108</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." Status="Repealed" RestrictStartDate="2009-10-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/109" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/109" id="section-109"><Pnumber><CommentaryRef Ref="key-fc4c55fc278562a25d1f565bb690e606"/>109</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" Status="Repealed" RestrictStartDate="2009-10-01"><Title> Statement of company’s objects.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/110" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/110" id="section-110"><Pnumber><CommentaryRef Ref="key-fc4c55fc278562a25d1f565bb690e606"/>110</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="1993-08-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/111" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/111" id="section-111"><Pnumber><CommentaryRef Ref="c13692591"/>111</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2009-10-01"><Title> Charitable companies (Scotland).</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112" id="section-112"><Pnumber><CommentaryRef Ref="c13692601"/>112</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/1" id="section-112-1"><Pnumber>1</Pnumber><P2para><Text>In the following provisions (which extend to Scotland only)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/1/a" id="section-112-1-a"><Pnumber>a</Pnumber><P3para><Text>“<Term id="term-company">company</Term>” means  <Substitution ChangeId="key-ca6343322a9e895dbd4cb41b539846a1-1560786105696" CommentaryRef="key-ca6343322a9e895dbd4cb41b539846a1">a company registered under the Companies Act 2006</Substitution>; and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/1/b" id="section-112-1-b"><Pnumber>b</Pnumber><P3para><Text>“<Term id="term-charity">charity</Term>” means a body  <Substitution ChangeId="d29p5254" CommentaryRef="c18763841">entered in the Scottish Charity Register</Substitution>.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/2" id="section-112-2"><Pnumber>2</Pnumber><P2para><Text>Where a charity is a company or other body corporate having power to alter the instruments establishing or regulating it as a body corporate, no exercise of that power which has the effect of the body ceasing to be a charity shall be valid so as to affect the application of—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/2/a" id="section-112-2-a"><Pnumber>a</Pnumber><P3para><Text>any property acquired by virtue of any transfer, contract or obligation previously effected otherwise than for full consideration in money or money’s worth, or any property representing property so acquired,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/2/b" id="section-112-2-b"><Pnumber>b</Pnumber><P3para><Text>any property representing income which has accrued before the alteration is made, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/2/c" id="section-112-2-c"><Pnumber>c</Pnumber><P3para><Text>the income from any such property as aforesaid.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/3" id="section-112-3"><Pnumber>3</Pnumber><P2para><Text> <Substitution ChangeId="key-7e9a696cc393d9bc932375c550787fb2-1560786170420" CommentaryRef="key-7e9a696cc393d9bc932375c550787fb2">Sections 39 and 40 of the Companies Act 2006 (company’s capacity and power of directors to bind company)</Substitution>  do not apply to the acts of a company which is a charity except in favour of a person who—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/3/a" id="section-112-3-a"><Pnumber>a</Pnumber><P3para><Text>gives full consideration in money or money’s worth in relation to the act in question, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/3/b" id="section-112-3-b"><Pnumber>b</Pnumber><P3para><Text>does not know that the act is not permitted by the company’s  <Substitution ChangeId="key-d2afba10551f8a45661dc746c1149d54-1560786216925" CommentaryRef="key-d2afba10551f8a45661dc746c1149d54">constitution</Substitution>  or, as the case may be, is beyond the powers of the directors,</Text></P3para></P3><Text>or who does not know at the time the act is done that the company is a charity.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/4" id="section-112-4"><Pnumber>4</Pnumber><P2para><Text>However, where such a company purports to transfer or grant an interest in property, the fact that the act was not permitted by the company’s  <Substitution ChangeId="key-0a31a8036062b714cd68733f387ab01e-1560786331437" CommentaryRef="key-0a31a8036062b714cd68733f387ab01e">constitution</Substitution>  or, as the case may be, that the directors in connection with the act exceeded any limitation on their powers under the company’s constitution, does not affect the title of a person who subsequently acquires the property or any interest in it for full consideration without actual notice of any such circumstances affecting the validity of the company’s act.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/5" id="section-112-5"><Pnumber>5</Pnumber><P2para><Text>In any proceedings arising out of subsection (3) the burden of proving—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/5/a" id="section-112-5-a"><Pnumber>a</Pnumber><P3para><Text>that a person knew that an act was not permitted by the company’s  <Substitution ChangeId="key-1923d9ccb8dfbfd511a6e496b43be72f-1560786371213" CommentaryRef="key-1923d9ccb8dfbfd511a6e496b43be72f">constitution</Substitution>  or was beyond the powers of the directors, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/5/b" id="section-112-5-b"><Pnumber>b</Pnumber><P3para><Text>that a person knew that the company was a charity,</Text></P3para></P3><Text>lies on the person making that allegation.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/6" id="section-112-6"><Pnumber>6</Pnumber><P2para><Text>Where a company is a charity and its name does not include the word “charity” or the word “charitable”, the fact that the company is a charity shall be stated in English in legible characters—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/6/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/6/a" id="section-112-6-a"><Pnumber>a</Pnumber><P3para><Text>in all business letters of the company,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/6/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/6/b" id="section-112-6-b"><Pnumber>b</Pnumber><P3para><Text>in all its notices and other official publications,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/6/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/6/c" id="section-112-6-c"><Pnumber>c</Pnumber><P3para><Text>in all bills of exchange, promissory notes, endorsements, cheques and orders for money or goods purporting to be signed by or on behalf of the company,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/6/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/6/d" id="section-112-6-d"><Pnumber>d</Pnumber><P3para><Text>in all conveyances purporting to be executed by the company, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/6/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/6/e" id="section-112-6-e"><Pnumber>e</Pnumber><P3para><Text>in all its bills of parcels, invoices, receipts and letters of credit.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/7" id="section-112-7"><Pnumber>7</Pnumber><P2para><Text>In subsection (6)(d) “<Term id="term-conveyance">conveyance</Term>” means any document for the creation, transfer, variation or extinction of an interest in land.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/8" id="section-112-8"><Pnumber><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">8</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">If a company fails to comply with subsection (6) it commits an offence.</Substitution></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/9" id="section-112-9"><Pnumber><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">9</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">An officer of a company, or a person acting on its behalf, who—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/9/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/9/a" id="section-112-9-a"><Pnumber><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">issues or authorises the issue of any business letter of the company, or any notice or other official publication of the company, in which the statement required by subsection (6) does not appear, or</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/9/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/9/b" id="section-112-9-b"><Pnumber><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">issues or authorises the issue of any bill, invoice, receipt or letter of credit in which the statement required by subsection (6) does not appear,</Substitution></Text></P3para></P3><Text><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">commits an offence.</Substitution></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/10" id="section-112-10"><Pnumber><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">10</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">An officer of a company, or a person acting on its behalf, who signs or authorises to be signed on behalf of the company any bill of exchange, promissory note, endorsement, cheque or order for money or goods in which the statement required by subsection (6) does not appear—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/10/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/10/a" id="section-112-10-a"><Pnumber><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">commits an offence, and</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/10/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/10/b" id="section-112-10-b"><Pnumber><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">is personally liable to the holder of the bill of exchange, promissory note, endorsement, cheque or order for money or goods for the amount of it (unless it is duly paid by the company).</Substitution></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/112/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/112/11" id="section-112-11"><Pnumber><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">11</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-1c84169f0846f6654335dd8eda2eedb0-1538737326337" CommentaryRef="key-1c84169f0846f6654335dd8eda2eedb0">A person guilty of an offence under subsection (8), (9) or (10) is liable on summary conviction to a fine not exceeding level 3 on the standard scale.</Substitution></Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/V/crossheading/deregulation-of-private-companies" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/V/crossheading/deregulation-of-private-companies" NumberOfProvisions="5" id="part-V-crossheading-deregulation-of-private-companies" RestrictStartDate="2009-10-01"><Title> De-regulation of private companies</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2007-10-01"><Title> Written resolutions of private companies.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/113" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/113" id="section-113"><Pnumber>113</Pnumber><P1para><Text><CommentaryRef Ref="c18769361"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Written resolutions: supplementary provisions.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/114" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/114" id="section-114"><Pnumber>114</Pnumber><P1para><Text><CommentaryRef Ref="c19701911"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> Election by private company to dispense with certain requirements.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/115" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/115" id="section-115"><Pnumber><CommentaryRef Ref="M_F_e26db4bd-95da-4193-91a3-5947e009049a"/>115</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> Elective resolution of private company.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/116" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/116" id="section-116"><Pnumber>116</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/116/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/116/1" id="section-116-1"><Pnumber><Repeal ChangeId="key-87c7f5998d726f78c2f7db7624f33c41-1539119922516" CommentaryRef="key-87c7f5998d726f78c2f7db7624f33c41" RetainText="true">1</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-87c7f5998d726f78c2f7db7624f33c41-1539119922516" CommentaryRef="key-87c7f5998d726f78c2f7db7624f33c41" RetainText="true">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Repeal></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/116/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/116/2" id="section-116-2"><Pnumber><Repeal ChangeId="key-87c7f5998d726f78c2f7db7624f33c41-1539119922516" CommentaryRef="key-87c7f5998d726f78c2f7db7624f33c41" RetainText="true">2</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-87c7f5998d726f78c2f7db7624f33c41-1539119922516" CommentaryRef="key-87c7f5998d726f78c2f7db7624f33c41" RetainText="true">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Repeal></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/116/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/116/3" id="section-116-3"><Pnumber><Repeal ChangeId="key-87c7f5998d726f78c2f7db7624f33c41-1539119922516" CommentaryRef="key-87c7f5998d726f78c2f7db7624f33c41" RetainText="true">3</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-87c7f5998d726f78c2f7db7624f33c41-1539119922516" CommentaryRef="key-87c7f5998d726f78c2f7db7624f33c41" RetainText="true">In section 380 (registration of resolutions), in subsection (4) (resolutions to which the section applies), after paragraph (b) insert—</Repeal></Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P3><Pnumber><Repeal ChangeId="key-87c7f5998d726f78c2f7db7624f33c41-1539119922516" CommentaryRef="key-87c7f5998d726f78c2f7db7624f33c41" RetainText="true">bb</Repeal></Pnumber><P3para><Text><Repeal ChangeId="key-87c7f5998d726f78c2f7db7624f33c41-1539119922516" CommentaryRef="key-87c7f5998d726f78c2f7db7624f33c41" RetainText="true">an elective resolution or a resolution revoking such a resolution;</Repeal></Text></P3para></P3></BlockAmendment><AppendText><Repeal ChangeId="key-87c7f5998d726f78c2f7db7624f33c41-1539119922516" CommentaryRef="key-87c7f5998d726f78c2f7db7624f33c41" RetainText="true">.</Repeal></AppendText></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> Power to make further provision by regulations.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/117" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/117" id="section-117"><Pnumber><CommentaryRef Ref="key-77aac21d751d60f6f460eef84cf19a5d"/>117</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/V/crossheading/appointment-and-removal-of-auditors-and-related-matters" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/V/crossheading/appointment-and-removal-of-auditors-and-related-matters" NumberOfProvisions="7" id="part-V-crossheading-appointment-and-removal-of-auditors-and-related-matters" RestrictStartDate="2009-10-01"><Title> Appointment and removal of auditors and related matters</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Introduction.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/118" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/118" id="section-118"><Pnumber>118</Pnumber><P1para><Text><CommentaryRef Ref="c18769431"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Appointment of auditors.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/119" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/119" id="section-119"><Pnumber>119</Pnumber><P1para><Text><CommentaryRef Ref="c18769441"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Rights of auditors.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/120" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/120" id="section-120"><Pnumber>120</Pnumber><P1para><Text><CommentaryRef Ref="c18769451"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Remuneration of auditors.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/121" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/121" id="section-121"><Pnumber>121</Pnumber><P1para><Text><CommentaryRef Ref="c18769461"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Removal, resignation, &amp;c. of auditors.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/122" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/122" id="section-122"><Pnumber>122</Pnumber><P1para><Text><CommentaryRef Ref="c18769471"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> Statement by person ceasing to hold office as auditor.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/123" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/123" id="section-123"><Pnumber><CommentaryRef Ref="key-544e11ddea7b7c6d954d87a93688abaa"/>123</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="1992-10-16"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/124" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/124" id="section-124"><Pnumber><CommentaryRef Ref="c13692791"/>124</Pnumber><P1para><Text/></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/V/crossheading/company-records-and-related-matters" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/V/crossheading/company-records-and-related-matters" NumberOfProvisions="4" id="part-V-crossheading-company-records-and-related-matters" RestrictStartDate="2009-10-01"><Title> Company records and related matters</Title><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2009-10-01"><Title> Delivery of documents to the registrar.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/125" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/125" id="section-125"><Pnumber>125</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/125/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/125/1" id="section-125-1"><Pnumber><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">1</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Repeal></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/125/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/125/2" id="section-125-2"><Pnumber><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">2</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">For section 707 of the Companies Act 1985 (power of registrar to accept information on microfilm, &amp;c.) substitute—</Repeal></Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P1group><Title><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true"> Delivery to the registrar of documents otherwise than in legible form.</Repeal></Title><P1><Pnumber><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">707</Repeal></Pnumber><P1para><P2><Pnumber><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">1</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">This section applies to the delivery to the registrar under any provision of the Companies Acts of documents otherwise than in legible form.</Repeal></Text></P2para></P2><P2><Pnumber><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">2</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">Any requirement to deliver a document to the registrar, or to deliver a document in the prescribed form, is satisfied by the communication to the registrar of the requisite information in any non-legible form prescribed for the purposes of this section by regulations or approved by the registrar.</Repeal></Text></P2para></P2><P2><Pnumber><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">3</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">Where the document is required to be signed or sealed, it shall instead be authenticated in such manner as may be prescribed by regulations or approved by the registrar.</Repeal></Text></P2para></P2><P2><Pnumber><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">4</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">The document must—</Repeal></Text><P3><Pnumber><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">a</Repeal></Pnumber><P3para><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">contain in a prominent position the registered number of the company to which it relates,</Repeal></Text></P3para></P3><P3><Pnumber><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">b</Repeal></Pnumber><P3para><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">satisfy any requirements prescribed by regulations for the purposes of this section, and</Repeal></Text></P3para></P3><P3><Pnumber><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">c</Repeal></Pnumber><P3para><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">be furnished in such manner, and conform to such requirements, as the registrar may specify for the purpose of enabling him to read and copy the document.</Repeal></Text></P3para></P3></P2para></P2><P2><Pnumber><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">5</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">If a document is delivered to the registrar which does not comply with the requirements of this section, he may serve on the person by whom the document was delivered (or, if there are two or more such persons, on any of them) a notice indicating the respect in which the document does not comply.</Repeal></Text></P2para></P2><P2><Pnumber><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">6</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">Where the registrar serves such a notice, then, unless a replacement document—</Repeal></Text><P3><Pnumber><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">a</Repeal></Pnumber><P3para><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">is delivered to him within 14 days after the service of the notice, and</Repeal></Text></P3para></P3><P3><Pnumber><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">b</Repeal></Pnumber><P3para><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">complies with the requirements of this section (or section 706) or is not rejected by him for failure to comply with those requirements,</Repeal></Text></P3para></P3><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">the original document shall be deemed not to have been delivered to him.</Repeal></Text></P2para><P2para><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">But for the purposes of any enactment imposing a penalty for failure to deliver, so far as it imposes a penalty for continued contravention, no account shall be taken of the period between the delivery of the original document and the end of the period of 14 days after service of the registrar’s notice.</Repeal></Text></P2para></P2><P2><Pnumber><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">7</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">The Secretary of State may by regulations make further provision with respect to the application of this section in relation to instantaneous forms of communication.</Repeal></Text></P2para></P2><P2><Pnumber><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">8</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">Regulations made for the purposes of this section may make different provision with respect to different descriptions of document and different forms of communication, and as respects delivery to the registrar for England and Wales and delivery to the registrar for Scotland.</Repeal></Text></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText><Repeal ChangeId="key-e912d1fabbccfe9ecea95c2dfa85279a-1549632849702" CommentaryRef="key-e912d1fabbccfe9ecea95c2dfa85279a" RetainText="true">.</Repeal></AppendText></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" Status="Repealed" RestrictStartDate="2009-10-01"><Title> Keeping and inspection of company records.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/126" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/126" id="section-126"><Pnumber><CommentaryRef Ref="key-1465b9d58b7df5eace827bc8c6a9fe4f"/>126</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" Status="Repealed" RestrictStartDate="2009-10-01"><Title> Supplementary provisions as to company records and related matters.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/127" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/127" id="section-127"><Pnumber><CommentaryRef Ref="key-1465b9d58b7df5eace827bc8c6a9fe4f"/>127</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/V/crossheading/miscellaneous" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/V/crossheading/miscellaneous" NumberOfProvisions="18" RestrictExtent="E+W+S+N.I." id="part-V-crossheading-miscellaneous" RestrictStartDate="2009-10-01"><Title> Miscellaneous</Title><P1group ConfersPower="true" RestrictExtent="E+W+S+N.I." Status="Prospective" Match="false"><Title> Form and articles for partnership company.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/128" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/128" id="section-128"><Pnumber><CommentaryRef Ref="key-1465b9d58b7df5eace827bc8c6a9fe4f"/>128</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." Status="Repealed" RestrictStartDate="2009-10-01"><Title> Membership of holding company.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/129" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/129" id="section-129"><Pnumber><CommentaryRef Ref="key-1465b9d58b7df5eace827bc8c6a9fe4f"/>129</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2009-10-01"><Title> Company contracts and execution of documents by companies.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/130" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/130" id="section-130"><Pnumber>130</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/130/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/130/1" id="section-130-1"><Pnumber><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true">1</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Repeal></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/130/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/130/2" id="section-130-2"><Pnumber><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true">2</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Repeal></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/130/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/130/3" id="section-130-3"><Pnumber><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true">3</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </Repeal><CommentaryRef Ref="c13692961"/></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/130/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/130/4" id="section-130-4"><Pnumber><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true">4</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Repeal></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/130/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/130/5" id="section-130-5"><Pnumber><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true">5</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Repeal></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/130/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/130/6" id="section-130-6"><Pnumber><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true">6</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true">The Secretary of State may make provision by regulations applying sections 36 to 36C of the Companies Act 1985 (company contracts; execution of documents;  </Repeal><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true"><Addition ChangeId="d29p6858" CommentaryRef="c18763481">execution of deeds;</Addition></Repeal><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true"> pre-incorporation contracts, deeds and obligations) to companies incorporated outside Great Britain, subject to such exceptions, adaptations or modifications as may be specified in the regulations.</Repeal></Text></P2para><P2para><Text><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true">Regulations under this subsection shall be made by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.</Repeal></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/130/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/130/7" id="section-130-7"><Pnumber><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true">7</Repeal></Pnumber><P2para><Text><Repeal ChangeId="key-a48dd10638f538cfcae26bdfac859b33-1560942160501" CommentaryRef="key-a48dd10638f538cfcae26bdfac859b33" RetainText="true">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </Repeal></Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." Status="Repealed" RestrictStartDate="2009-10-01"><Title> Members’ rights to damages, &amp;c.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/131" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/131" id="section-131"><Pnumber><CommentaryRef Ref="key-fc418de1b9a101d351fe5d2ecd73ee36"/>131</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." Status="Repealed" RestrictStartDate="2009-10-01"><Title> Financial assistance for purposes of employees’ share scheme.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/132" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/132" id="section-132"><Pnumber><CommentaryRef Ref="key-fc418de1b9a101d351fe5d2ecd73ee36"/>132</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." Status="Prospective" Match="false"><Title> Issue of redeemable shares.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/133" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/133" id="section-133"><Pnumber><CommentaryRef Ref="key-fc418de1b9a101d351fe5d2ecd73ee36"/>133</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2007-01-20"><Title> Disclosure of interests in shares.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/134" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/134" id="section-134"><Pnumber>134</Pnumber><P1para><Text><CommentaryRef Ref="c18765611"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2008-04-06"><Title> Orders imposing restrictions on shares.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/135" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/135" id="section-135"><Pnumber>135</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/135/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/135/1" id="section-135-1"><Pnumber>1</Pnumber><P2para><Text>The Secretary of State may by regulations made by statutory instrument make such amendments of the provisions of the <CommentaryRef Ref="c13693001"/>Companies Act 1985  <Addition ChangeId="d29p7045" CommentaryRef="c23402891">and the Companies Act 2006</Addition> relating to orders imposing restrictions on shares as appear to him necessary or expedient—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/135/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/135/1/a" id="section-135-1-a"><Pnumber>a</Pnumber><P3para><Text>for enabling orders to be made in a form protecting the rights of third parties;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/135/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/135/1/b" id="section-135-1-b"><Pnumber>b</Pnumber><P3para><Text>with respect to the circumstances in which restrictions may be relaxed or removed;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/135/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/135/1/c" id="section-135-1-c"><Pnumber>c</Pnumber><P3para><Text>with respect to the making of interim orders by a court.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/135/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/135/2" id="section-135-2"><Pnumber>2</Pnumber><P2para><Text>The provisions referred to in subsection (1) are <CommentaryRef Ref="c23402911"/>. . . , section 445 and Part XV of the Companies Act 1985  <Addition ChangeId="d29p7075" CommentaryRef="c23402931">and section 794 of the Companies Act 2006</Addition>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/135/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/135/3" id="section-135-3"><Pnumber>3</Pnumber><P2para><Text>The regulations may make different provision for different cases and may contain such transitional and other supplementary and incidental provisions as appear to the Secretary of State to be appropriate.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/135/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/135/4" id="section-135-4"><Pnumber>4</Pnumber><P2para><Text>Regulations under this section shall not be made unless a draft of the regulations has been laid before Parliament and approved by resolution of each House of Parliament.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2009-10-01"><Title> A company’s registered office.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/136" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/136" id="section-136"><Pnumber><CommentaryRef Ref="key-ab65effabd9fa568009f7d12481a1700"/>136</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Effecting of insurance for officers and auditors of company.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/137" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/137" id="section-137"><Pnumber>137</Pnumber><P1para><Text><CommentaryRef Ref="c18769671"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2007-10-01"><Title> Increase of limits on certain exemptions.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/138" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/138" id="section-138"><Pnumber>138</Pnumber><P1para><Text><CommentaryRef Ref="c18769691"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2009-10-01"><Title> Annual returns.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/139" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/139" id="section-139"><Pnumber>139</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/139/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/139/1" id="section-139-1" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-443654c7c33309c5fff0d3740d451a23"/>1</Pnumber><P2para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/139/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/139/2" id="section-139-2" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-443654c7c33309c5fff0d3740d451a23"/>2</Pnumber><P2para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/139/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/139/3" id="section-139-3" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-443654c7c33309c5fff0d3740d451a23"/>3</Pnumber><P2para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/139/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/139/4" id="section-139-4"><Pnumber>4</Pnumber><P2para><Text>In Schedule 1 to the <CommentaryRef Ref="c13693041"/>Company Directors Disqualification Act 1986 (matters relevant to determining unfitness of directors), in paragraph 4 (failure of company to comply with certain provisions), for sub-paragraphs (f) and (g) substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="schedule" Format="default"><P3><Pnumber>f</Pnumber><P3para><Text>section 363 (duty of company to make annual returns);</Text></P3para></P3></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/139/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/139/5" id="section-139-5"><Pnumber>5</Pnumber><P2para><Text><CommentaryRef Ref="c18756651"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="1995-07-03"><Title> Floating charges (Scotland).</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/140" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/140" id="section-140"><Pnumber><CommentaryRef Ref="c13693071"/>140</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/140/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/140/1" id="section-140-1"><Pnumber><CommentaryRef Ref="c13693081"/>1</Pnumber><P2para><Text>In section 463 of the Companies Act 1985 (effect of floating charge on winding up), in subsection (1) for the words  “On the commencement of the winding up of a company,” there shall be substituted the words <InlineAmendment>“
                    Where a company goes into liquidation within the meaning of section 247(2) of the Insolvency Act 1986,
                  ”</InlineAmendment>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/140/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/140/2" id="section-140-2"><Pnumber>2</Pnumber><P2para><Text>Section 464 of the Companies Act 1985 (ranking of floating charges) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/140/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/140/3" id="section-140-3"><Pnumber><CommentaryRef Ref="c13693081"/>3</Pnumber><P2para><Text>In subsection (1)(b) at the beginning there shall be inserted the words <InlineAmendment>“
                    with the consent of the holder of any subsisting floating charge or fixed security which would be adversely affected,
                  ”</InlineAmendment>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/140/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/140/4" id="section-140-4"><Pnumber>4</Pnumber><P2para><Text>After subsection (1) there shall be inserted the following subsection—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>1A</Pnumber><P2para><Text>Where an instrument creating a floating charge contains any such provision as is mentioned in subsection (1)(a), that provision shall be effective to confer priority on the floating charge over any fixed security or floating charge created after the date of the instrument.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/140/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/140/5" id="section-140-5"><Pnumber>5</Pnumber><P2para><Text>For subsection (3) there shall be substituted—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>3</Pnumber><P2para><Text>The order of ranking of the floating charge with any other subsisting or future floating charges or fixed securities over all or any part of the company’s property is determined in accordance with the provisions of subsections (4) and (5) except where it is determined in accordance with any provision such as is mentioned in paragraph (a) or (b) of subsection (1).</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/140/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/140/6" id="section-140-6"><Pnumber><CommentaryRef Ref="c13693081"/>6</Pnumber><P2para><Text>In subsection (5) at the end there shall be added the following paragraph—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P3para><Text>; and</Text></P3para><P3><Pnumber>e</Pnumber><P3para><Text>(in the case of a floating charge to secure a contingent liability other than a liability arising under any further advances made from time to time) the maximum sum to which that contingent liability is capable of amounting whether or not it is contractually limited.</Text></P3para></P3></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/140/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/140/7" id="section-140-7"><Pnumber>7</Pnumber><P2para><Text>In subsection (6) after the words  “subject to” there shall be inserted the words <InlineAmendment>“
                    Part XII and to
                  ”</InlineAmendment>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/140/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/140/8" id="section-140-8"><Pnumber>8</Pnumber><P2para><Text>In section 466 of the Companies Act 1985 (alteration of floating charges), subsections (4) and (5) and in subsection (6) the words 

						“falling under subsection (4) of this section” shall cease to have effect.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> Application to declare dissolution of company void.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/141" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/141" id="section-141"><Pnumber><CommentaryRef Ref="M_F_ffe8ed95-4047-4e93-d039-84974f35f1a4"/>141</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group Status="Prospective" Match="false"><Title> Abolition of doctrine of deemed notice.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/141n1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/141n1" id="section-141n1"><Pnumber><CommentaryRef Ref="M_F_ffe8ed95-4047-4e93-d039-84974f35f1a4"/>142</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2009-10-01"><Title> Rights of inspection and related matters.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/141n2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/141n2" id="section-141n2"><Pnumber><CommentaryRef Ref="M_F_ffe8ed95-4047-4e93-d039-84974f35f1a4"/>143</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2009-10-01"><Title>“Subsidiary”, “holding company” and “wholly-owned subsidiary”.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/144" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/144" id="section-144"><Pnumber>144</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/144/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/144/1" id="section-144-1" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-504112765f72a6534f24dafa883196ba"/>1</Pnumber><P2para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/144/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/144/2" id="section-144-2" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-504112765f72a6534f24dafa883196ba"/>2</Pnumber><P2para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/144/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/144/3" id="section-144-3" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-504112765f72a6534f24dafa883196ba"/>3</Pnumber><P2para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/144/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/144/4" id="section-144-4"><Pnumber>4</Pnumber><P2para><Text>Schedule 18 contains amendments and savings consequential on the amendments made by this section; and the Secretary of State may by regulations make such further amendments or savings as appear to him to be necessary or expedient.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/144/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/144/5" id="section-144-5"><Pnumber>5</Pnumber><P2para><Text>Regulations under this section shall be made by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/144/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/144/6" id="section-144-6"><Pnumber>6</Pnumber><P2para><Text>So much of section 23(3) of the Interpretation Act 1978 as applies section 17(2)(a) of that Act (presumption as to meaning of references to enactments repealed and re-enacted) to deeds or other instruments or documents does not apply in relation to the repeal and re-enactment by this section of section 736 of the Companies Act 1985.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="1995-07-03"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/145" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/145" id="section-145"><Pnumber><CommentaryRef Ref="c13693201"/>145</Pnumber><P1para><Text>The Companies Act 1985 has effect with the further amendments specified in Schedule 19.</Text></P1para></P1></P1group></Pblock></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/VI" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/VI" NumberOfProvisions="8" id="part-VI" RestrictStartDate="2014-04-01"><Number>Part VI</Number><Title> Mergers and Related Matters</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/146" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/146" id="section-146"><Pnumber>146</Pnumber><P1para><Text><CommentaryRef Ref="c18755931"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29"><Title> Undertakings as alternative to merger reference.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/147" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/147" id="section-147"><Pnumber>147</Pnumber><P1para><Text><CommentaryRef Ref="c18716651"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29"><Title> Enforcement of undertakings.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/148" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/148" id="section-148"><Pnumber>148</Pnumber><P1para><Text><CommentaryRef Ref="c18716861"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29"><Title> Temporary restrictions on share dealings.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/149" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/149" id="section-149"><Pnumber>149</Pnumber><P1para><Text><CommentaryRef Ref="c18716881"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29"><Title> Obtaining control by stages.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/150" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/150" id="section-150"><Pnumber>150</Pnumber><P1para><Text><CommentaryRef Ref="c18716951"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2014-04-01"><Title> False or misleading information.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/151" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/151" id="section-151"><Pnumber><CommentaryRef Ref="key-e4d6dba9f7ce82f8c5a2adf3a151acd1"/>151</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group AltVersionRefs="v00209 v00208" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29" Concurrent="true"><Title> Fees.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/england+wales+scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152" id="section-152"><Pnumber>152</Pnumber><P1para><Text><CommentaryRef Ref="c18717291"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group><Title> Other amendments about mergers and related matters.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/153" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/153" id="section-153"><Pnumber>153</Pnumber><P1para><Text>Schedule 20 to this Act has effect.</Text></P1para></P1></P1group></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/VII" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/VII" NumberOfProvisions="45" id="part-VII" RestrictExtent="E+W+S+N.I." RestrictStartDate="2023-12-31"><Number><CommentaryRef Ref="c13693561"/><CommentaryRef Ref="c13693571"/>
          
          Part VII</Number><Title> Financial Markets and Insolvency</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/VII/crossheading/introduction" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/VII/crossheading/introduction" NumberOfProvisions="1" id="part-VII-crossheading-introduction" RestrictStartDate="2009-06-15"><Title> Introduction</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-06-15"><Title> Introduction.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/154" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/154" id="section-154"><Pnumber><CommentaryRef Ref="c13693581"/>154</Pnumber><P1para><Text>This Part has effect for the purposes of safeguarding the operation of certain financial markets by provisions with respect to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/154/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/154/a" id="section-154-a"><Pnumber>a</Pnumber><P3para><Text>the insolvency, winding up or default of a person party to transactions in the market (sections 155 to 172),</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/154/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/154/b" id="section-154-b"><Pnumber>b</Pnumber><P3para><Text>the effectiveness or enforcement of certain charges given to secure obligations in connection with such transactions (sections 173 to 176), and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/154/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/154/c" id="section-154-c"><Pnumber>c</Pnumber><P3para><Text>rights and remedies in relation to certain property provided as cover for margin in relation to such transactions <Addition ChangeId="key-29a11168ce5f491991c12aa4f3b137e5-1539101444327" CommentaryRef="key-29a11168ce5f491991c12aa4f3b137e5">or as default fund contribution,</Addition>  or subject to such a charge (sections 177 to 181).</Text></P3para></P3></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/VII/crossheading/recognised-investment-exchanges-and-clearing-houses" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/VII/crossheading/recognised-investment-exchanges-and-clearing-houses" NumberOfProvisions="16" RestrictExtent="E+W+S+N.I." id="part-VII-crossheading-recognised-investment-exchanges-and-clearing-houses" RestrictStartDate="2023-12-31"><Title><Substitution ChangeId="key-9614e90c637f3915b0c101967cb3c956-1564752111155" CommentaryRef="key-9614e90c637f3915b0c101967cb3c956">Recognised bodies</Substitution></Title><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2017-11-28"><Title> Market contracts.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155" id="section-155"><Pnumber><CommentaryRef Ref="c13693631"/>155</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/1" id="section-155-1"><Pnumber><Substitution ChangeId="key-13e8bcd05277224d059197a3a77c62c8-1561234967490" CommentaryRef="key-13e8bcd05277224d059197a3a77c62c8">1</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-13e8bcd05277224d059197a3a77c62c8-1561234967490" CommentaryRef="key-13e8bcd05277224d059197a3a77c62c8">In this Part—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/1/a" id="section-155-1-a"><Pnumber><Substitution ChangeId="key-13e8bcd05277224d059197a3a77c62c8-1561234967490" CommentaryRef="key-13e8bcd05277224d059197a3a77c62c8">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-13e8bcd05277224d059197a3a77c62c8-1561234967490" CommentaryRef="key-13e8bcd05277224d059197a3a77c62c8">“clearing member client contract” means a contract between a recognised central counterparty and one or more of the parties mentioned in subsection (1A) which is recorded in the accounts of the recognised central counterparty as a position held for the account of a client, an indirect client or a group of clients or indirect clients;</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/1/b" id="section-155-1-b"><Pnumber><Substitution ChangeId="key-13e8bcd05277224d059197a3a77c62c8-1561234967490" CommentaryRef="key-13e8bcd05277224d059197a3a77c62c8">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-13e8bcd05277224d059197a3a77c62c8-1561234967490" CommentaryRef="key-13e8bcd05277224d059197a3a77c62c8">“clearing member house contract” means a contract between a recognised central counterparty and a clearing member recorded in the accounts of the recognised central counterparty as a position held for the account of a clearing member;</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/1/c" id="section-155-1-c"><Pnumber><Substitution ChangeId="key-13e8bcd05277224d059197a3a77c62c8-1561234967490" CommentaryRef="key-13e8bcd05277224d059197a3a77c62c8">c</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-13e8bcd05277224d059197a3a77c62c8-1561234967490" CommentaryRef="key-13e8bcd05277224d059197a3a77c62c8">“client trade” means a contract between two or more of the parties mentioned in subsection (1A) which corresponds to a clearing member client contract;</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/1/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/1/d" id="section-155-1-d"><Pnumber><Substitution ChangeId="key-13e8bcd05277224d059197a3a77c62c8-1561234967490" CommentaryRef="key-13e8bcd05277224d059197a3a77c62c8">d</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-13e8bcd05277224d059197a3a77c62c8-1561234967490" CommentaryRef="key-13e8bcd05277224d059197a3a77c62c8">“market contracts” means the contracts to which this Part applies by virtue of subsections (2) to  </Substitution><Substitution ChangeId="key-13e8bcd05277224d059197a3a77c62c8-1561234967490" CommentaryRef="key-13e8bcd05277224d059197a3a77c62c8"><Substitution ChangeId="key-6a82934b2727e4e33cbb2027359c09b4-1565176681170" CommentaryRef="key-6a82934b2727e4e33cbb2027359c09b4">(3ZA)</Substitution></Substitution><Substitution ChangeId="key-13e8bcd05277224d059197a3a77c62c8-1561234967490" CommentaryRef="key-13e8bcd05277224d059197a3a77c62c8">.</Substitution></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/1A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/1A" id="section-155-1A"><Pnumber><Addition ChangeId="key-0643e2cb3866afe04df5cdd43d96dd6b-1561234622151" CommentaryRef="key-0643e2cb3866afe04df5cdd43d96dd6b">1A</Addition></Pnumber><P2para><Text><Addition ChangeId="key-0643e2cb3866afe04df5cdd43d96dd6b-1561234622151" CommentaryRef="key-0643e2cb3866afe04df5cdd43d96dd6b">The parties referred to in subsections (1)(a) and (c) are—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/1A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/1A/a" id="section-155-1A-a"><Pnumber><Addition ChangeId="key-0643e2cb3866afe04df5cdd43d96dd6b-1561234622151" CommentaryRef="key-0643e2cb3866afe04df5cdd43d96dd6b">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-0643e2cb3866afe04df5cdd43d96dd6b-1561234622151" CommentaryRef="key-0643e2cb3866afe04df5cdd43d96dd6b">a clearing member;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/1A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/1A/b" id="section-155-1A-b"><Pnumber><Addition ChangeId="key-0643e2cb3866afe04df5cdd43d96dd6b-1561234622151" CommentaryRef="key-0643e2cb3866afe04df5cdd43d96dd6b">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-0643e2cb3866afe04df5cdd43d96dd6b-1561234622151" CommentaryRef="key-0643e2cb3866afe04df5cdd43d96dd6b">a client; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/1A/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/1A/c" id="section-155-1A-c"><Pnumber><Addition ChangeId="key-0643e2cb3866afe04df5cdd43d96dd6b-1561234622151" CommentaryRef="key-0643e2cb3866afe04df5cdd43d96dd6b">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-0643e2cb3866afe04df5cdd43d96dd6b-1561234622151" CommentaryRef="key-0643e2cb3866afe04df5cdd43d96dd6b">an indirect client.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2" id="section-155-2"><Pnumber><Addition ChangeId="d29p8682" CommentaryRef="c13693641">2</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p8682" CommentaryRef="c13693641">Except as provided in subsection (2A), in relation to a recognised investment exchange this Part applies to—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2/a" id="section-155-2-a"><Pnumber><Addition ChangeId="d29p8682" CommentaryRef="c13693641">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p8682" CommentaryRef="c13693641">contracts entered into by a member or designated non-member of the exchange </Addition><Addition ChangeId="d29p8682" CommentaryRef="c13693641"><Addition ChangeId="d29p8696" CommentaryRef="c13693651">with a person other than the exchange</Addition></Addition><Addition ChangeId="d29p8682" CommentaryRef="c13693641">which are either</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2/a/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2/a/i" id="section-155-2-a-i"><Pnumber><Addition ChangeId="d29p8682" CommentaryRef="c13693641">i</Addition></Pnumber><P4para><Text><Addition ChangeId="d29p8682" CommentaryRef="c13693641">contracts made on the exchange or on an exchange to whose undertaking the exchange has succeeded whether by amalgamation, merger or otherwise; or</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2/a/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2/a/ii" id="section-155-2-a-ii"><Pnumber><Addition ChangeId="d29p8682" CommentaryRef="c13693641">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="d29p8682" CommentaryRef="c13693641">contracts in the making of which the member or designated non-member was subject to the rules of the exchange or of an exchange to whose undertaking the exchange has succeeded whether by amalgama- tion, merger or otherwise; </Addition><CommentaryRef Ref="key-d5bd8e5159969995a9bff54264c1d51c"/><Addition ChangeId="d29p8682" CommentaryRef="c13693641">...</Addition></Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2/b" id="section-155-2-b"><Pnumber><Addition ChangeId="d29p8682" CommentaryRef="c13693641"><Substitution ChangeId="key-4a150d36c5dd2fdc8f6b01f52f070fe4-1538744781649" CommentaryRef="key-4a150d36c5dd2fdc8f6b01f52f070fe4">b</Substitution></Addition></Pnumber><P3para><Text><Addition ChangeId="d29p8682" CommentaryRef="c13693641"><Substitution ChangeId="key-4a150d36c5dd2fdc8f6b01f52f070fe4-1538744781649" CommentaryRef="key-4a150d36c5dd2fdc8f6b01f52f070fe4">contracts entered into by the exchange, in its capacity as such, with a member of the exchange or with a recognised clearing house  </Substitution></Addition><Addition ChangeId="d29p8682" CommentaryRef="c13693641"><Substitution ChangeId="key-4a150d36c5dd2fdc8f6b01f52f070fe4-1538744781649" CommentaryRef="key-4a150d36c5dd2fdc8f6b01f52f070fe4"><Addition ChangeId="key-f287f76e59ded85afa5f603ffd035924-1565176373001" CommentaryRef="key-f287f76e59ded85afa5f603ffd035924">or with a recognised CSD</Addition></Substitution></Addition><Addition ChangeId="d29p8682" CommentaryRef="c13693641"><Substitution ChangeId="key-4a150d36c5dd2fdc8f6b01f52f070fe4-1538744781649" CommentaryRef="key-4a150d36c5dd2fdc8f6b01f52f070fe4"> or with another recognised investment exchange for the purpose of enabling the rights and liabilities of that member  </Substitution></Addition><Addition ChangeId="d29p8682" CommentaryRef="c13693641"><Substitution ChangeId="key-4a150d36c5dd2fdc8f6b01f52f070fe4-1538744781649" CommentaryRef="key-4a150d36c5dd2fdc8f6b01f52f070fe4"><Substitution ChangeId="key-356489f0dad41b6f831e4cc6d448f1cf-1565176623386" CommentaryRef="key-356489f0dad41b6f831e4cc6d448f1cf">or recognised body</Substitution></Substitution></Addition><Addition ChangeId="d29p8682" CommentaryRef="c13693641"><Substitution ChangeId="key-4a150d36c5dd2fdc8f6b01f52f070fe4-1538744781649" CommentaryRef="key-4a150d36c5dd2fdc8f6b01f52f070fe4">  under a transaction to be settled; and</Substitution></Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2/c" id="section-155-2-c"><Pnumber><Addition ChangeId="d29p8682" CommentaryRef="c13693641"><Substitution ChangeId="key-4a150d36c5dd2fdc8f6b01f52f070fe4-1538744781649" CommentaryRef="key-4a150d36c5dd2fdc8f6b01f52f070fe4">c</Substitution></Addition></Pnumber><P3para><Text><Addition ChangeId="d29p8682" CommentaryRef="c13693641"><Substitution ChangeId="key-4a150d36c5dd2fdc8f6b01f52f070fe4-1538744781649" CommentaryRef="key-4a150d36c5dd2fdc8f6b01f52f070fe4">contracts entered into by the exchange with a member of the exchange or with a recognised clearing house  </Substitution></Addition><Addition ChangeId="d29p8682" CommentaryRef="c13693641"><Substitution ChangeId="key-4a150d36c5dd2fdc8f6b01f52f070fe4-1538744781649" CommentaryRef="key-4a150d36c5dd2fdc8f6b01f52f070fe4"><Addition ChangeId="key-f287f76e59ded85afa5f603ffd035924-1565178489453" CommentaryRef="key-f287f76e59ded85afa5f603ffd035924">or with a recognised CSD</Addition></Substitution></Addition><Addition ChangeId="d29p8682" CommentaryRef="c13693641"><Substitution ChangeId="key-4a150d36c5dd2fdc8f6b01f52f070fe4-1538744781649" CommentaryRef="key-4a150d36c5dd2fdc8f6b01f52f070fe4"> or with another recognised investment exchange for the purpose of providing central counterparty clearing services to that member  </Substitution></Addition><Addition ChangeId="d29p8682" CommentaryRef="c13693641"><Substitution ChangeId="key-4a150d36c5dd2fdc8f6b01f52f070fe4-1538744781649" CommentaryRef="key-4a150d36c5dd2fdc8f6b01f52f070fe4"><Substitution ChangeId="key-356489f0dad41b6f831e4cc6d448f1cf-1565178565807" CommentaryRef="key-356489f0dad41b6f831e4cc6d448f1cf">or recognised body</Substitution></Substitution></Addition><Addition ChangeId="d29p8682" CommentaryRef="c13693641"><Substitution ChangeId="key-4a150d36c5dd2fdc8f6b01f52f070fe4-1538744781649" CommentaryRef="key-4a150d36c5dd2fdc8f6b01f52f070fe4">.</Substitution></Addition></Text></P3para></P3></P2para></P2><BlockText><Para><Text><Addition ChangeId="d29p8682" CommentaryRef="c13693641">A “designated non-member” means a person in respect of whom action may be taken under the default rules of the exchange but who is not a member of the exchange.</Addition></Text></Para></BlockText><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2A" id="section-155-2A"><Pnumber><Addition ChangeId="d29p8682" CommentaryRef="c13693641"><Substitution ChangeId="key-54412c67e8b8c4fbac79580befdbfb4c-1538744828322" CommentaryRef="key-54412c67e8b8c4fbac79580befdbfb4c">2A</Substitution></Addition></Pnumber><P2para><Text><Addition ChangeId="d29p8682" CommentaryRef="c13693641"><Substitution ChangeId="key-54412c67e8b8c4fbac79580befdbfb4c-1538744828322" CommentaryRef="key-54412c67e8b8c4fbac79580befdbfb4c">Where the exchange in question is a recognised overseas investment exchange, this Part does not apply to a contract that falls within paragraph (a) of subsection (2) (unless it also falls within subsection (3)).</Substitution></Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2B" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2B" id="section-155-2B"><Pnumber><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">2B</Addition></Pnumber><P2para><Text><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">In relation to transactions which are cleared through a recognised central counterparty, this Part applies to—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2B/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2B/a" id="section-155-2B-a"><Pnumber><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">clearing member house contracts;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2B/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2B/b" id="section-155-2B-b"><Pnumber><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">clearing member client contracts;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2B/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2B/c" id="section-155-2B-c"><Pnumber><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">client trades, other than client trades excluded by subsection (2C)  </Addition><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8"><Addition ChangeId="key-31e7d84a1145bc22bdb356b2a48c0d94-1564733709636" CommentaryRef="key-31e7d84a1145bc22bdb356b2a48c0d94">or (2D)</Addition></Addition><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2B/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2B/d" id="section-155-2B-d"><Pnumber><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">d</Addition></Pnumber><P3para><Text><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">contracts entered into by the recognised central counterparty with a recognised investment exchange  </Addition><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8"><Addition ChangeId="key-6d9f52627a2928fc4a1f6587165b8e88-1565176735235" CommentaryRef="key-6d9f52627a2928fc4a1f6587165b8e88">or with a recognised CSD</Addition></Addition><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8"> or a recognised clearing house for the purpose of providing central counterparty clearing services to  </Addition><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8"><Substitution ChangeId="key-d3b43bb71adc8e14b3ec342a5abb6804-1565176770881" CommentaryRef="key-d3b43bb71adc8e14b3ec342a5abb6804">that recognised body</Substitution></Addition><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2C" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2C" id="section-155-2C"><Pnumber><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">2C</Addition></Pnumber><P2para><Text><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">A client trade is excluded by this subsection from subsection (2B)(c) if—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2C/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2C/a" id="section-155-2C-a"><Pnumber><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">the clearing member which is a party to the clearing member client contract corresponding to the client trade defaults; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2C/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2C/b" id="section-155-2C-b"><Pnumber><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-f12bdaf09ceca021c8ca8e024832fdf8-1561234717202" CommentaryRef="key-f12bdaf09ceca021c8ca8e024832fdf8">the clearing member client contract is not transferred to another clearing member within the period specified for this purpose in the default rules of the recognised central counterparty.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2D" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2D" id="section-155-2D"><Pnumber><Addition ChangeId="key-7829418a570ff9590e35e2d07edb3c41-1564733554685" CommentaryRef="key-7829418a570ff9590e35e2d07edb3c41">2D</Addition></Pnumber><P2para><Text><Addition ChangeId="key-7829418a570ff9590e35e2d07edb3c41-1564733554685" CommentaryRef="key-7829418a570ff9590e35e2d07edb3c41">A client trade is also excluded by this subsection from subsection (2B)(c) if—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2D/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2D/a" id="section-155-2D-a"><Pnumber><Addition ChangeId="key-7829418a570ff9590e35e2d07edb3c41-1564733554685" CommentaryRef="key-7829418a570ff9590e35e2d07edb3c41">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-7829418a570ff9590e35e2d07edb3c41-1564733554685" CommentaryRef="key-7829418a570ff9590e35e2d07edb3c41">the client trade was entered into by a client in the course of providing indirect clearing services to an indirect client;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2D/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2D/b" id="section-155-2D-b"><Pnumber><Addition ChangeId="key-7829418a570ff9590e35e2d07edb3c41-1564733554685" CommentaryRef="key-7829418a570ff9590e35e2d07edb3c41">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-7829418a570ff9590e35e2d07edb3c41-1564733554685" CommentaryRef="key-7829418a570ff9590e35e2d07edb3c41">the client defaults; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2D/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2D/c" id="section-155-2D-c"><Pnumber><Addition ChangeId="key-7829418a570ff9590e35e2d07edb3c41-1564733554685" CommentaryRef="key-7829418a570ff9590e35e2d07edb3c41">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-7829418a570ff9590e35e2d07edb3c41-1564733554685" CommentaryRef="key-7829418a570ff9590e35e2d07edb3c41">the clearing member client contract corresponding to the client trade is not transferred within—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2D/c/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2D/c/i" id="section-155-2D-c-i"><Pnumber><Addition ChangeId="key-7829418a570ff9590e35e2d07edb3c41-1564733554685" CommentaryRef="key-7829418a570ff9590e35e2d07edb3c41">i</Addition></Pnumber><P4para><Text><Addition ChangeId="key-7829418a570ff9590e35e2d07edb3c41-1564733554685" CommentaryRef="key-7829418a570ff9590e35e2d07edb3c41">the period specified for this purpose in the default rules of the recognised central counterparty; or</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/2D/c/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/2D/c/ii" id="section-155-2D-c-ii"><Pnumber><Addition ChangeId="key-7829418a570ff9590e35e2d07edb3c41-1564733554685" CommentaryRef="key-7829418a570ff9590e35e2d07edb3c41">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-7829418a570ff9590e35e2d07edb3c41-1564733554685" CommentaryRef="key-7829418a570ff9590e35e2d07edb3c41">if no such period is specified in the default rules of the recognised central counterparty, a period of 14 days beginning with the day on which proceedings in respect of the client’s insolvency are begun.</Addition></Text></P4para></P4></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3" id="section-155-3"><Pnumber><Substitution ChangeId="key-319520a3bd07a3a767f683e3e65d323d-1538744861659" CommentaryRef="key-319520a3bd07a3a767f683e3e65d323d">3</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-319520a3bd07a3a767f683e3e65d323d-1538744861659" CommentaryRef="key-319520a3bd07a3a767f683e3e65d323d">In relation to a recognised clearing house </Substitution><Substitution ChangeId="key-319520a3bd07a3a767f683e3e65d323d-1538744861659" CommentaryRef="key-319520a3bd07a3a767f683e3e65d323d"><Addition ChangeId="key-7ebc3bc1a1f4bb74d5f0859cfdf44884-1561234793954" CommentaryRef="key-7ebc3bc1a1f4bb74d5f0859cfdf44884">which is not a recognised central counterparty,</Addition></Substitution><Substitution ChangeId="key-319520a3bd07a3a767f683e3e65d323d-1538744861659" CommentaryRef="key-319520a3bd07a3a767f683e3e65d323d">  this Part applies to—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3/a" id="section-155-3-a"><Pnumber><Substitution ChangeId="key-319520a3bd07a3a767f683e3e65d323d-1538744861659" CommentaryRef="key-319520a3bd07a3a767f683e3e65d323d">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-319520a3bd07a3a767f683e3e65d323d-1538744861659" CommentaryRef="key-319520a3bd07a3a767f683e3e65d323d">contracts entered into by the clearing house, in its capacity as such, with a member of the clearing house or with a recognised investment exchange  </Substitution><Substitution ChangeId="key-319520a3bd07a3a767f683e3e65d323d-1538744861659" CommentaryRef="key-319520a3bd07a3a767f683e3e65d323d"><Addition ChangeId="key-7ed2e56468a6aff177438175f292702f-1565176840647" CommentaryRef="key-7ed2e56468a6aff177438175f292702f">or with a recognised CSD</Addition></Substitution><Substitution ChangeId="key-319520a3bd07a3a767f683e3e65d323d-1538744861659" CommentaryRef="key-319520a3bd07a3a767f683e3e65d323d"> or with another recognised clearing house for the purpose of enabling the rights and liabilities of that member  </Substitution><Substitution ChangeId="key-319520a3bd07a3a767f683e3e65d323d-1538744861659" CommentaryRef="key-319520a3bd07a3a767f683e3e65d323d"><Substitution ChangeId="key-8466714f07dadd7f2030ee3caf9a4cea-1565177057938" CommentaryRef="key-8466714f07dadd7f2030ee3caf9a4cea">or recognised body</Substitution></Substitution><Substitution ChangeId="key-319520a3bd07a3a767f683e3e65d323d-1538744861659" CommentaryRef="key-319520a3bd07a3a767f683e3e65d323d">  under a transaction to be settled; and</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3/b" id="section-155-3-b"><Pnumber><Substitution ChangeId="key-319520a3bd07a3a767f683e3e65d323d-1538744861659" CommentaryRef="key-319520a3bd07a3a767f683e3e65d323d">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-319520a3bd07a3a767f683e3e65d323d-1538744861659" CommentaryRef="key-319520a3bd07a3a767f683e3e65d323d">contracts entered into by the clearing house with a member of the clearing house or with a recognised investment exchange  </Substitution><Substitution ChangeId="key-319520a3bd07a3a767f683e3e65d323d-1538744861659" CommentaryRef="key-319520a3bd07a3a767f683e3e65d323d"><Addition ChangeId="key-5c59fcd264742e2c29e93c18b7475817-1565177108054" CommentaryRef="key-5c59fcd264742e2c29e93c18b7475817">or with a recognised CSD</Addition></Substitution><Substitution ChangeId="key-319520a3bd07a3a767f683e3e65d323d-1538744861659" CommentaryRef="key-319520a3bd07a3a767f683e3e65d323d"> or with another recognised clearing house for the purpose of providing central counterparty clearing services to that member  </Substitution><Substitution ChangeId="key-319520a3bd07a3a767f683e3e65d323d-1538744861659" CommentaryRef="key-319520a3bd07a3a767f683e3e65d323d"><Substitution ChangeId="key-1ec266daa0013806e1b1f4ec1e351b00-1565177195817" CommentaryRef="key-1ec266daa0013806e1b1f4ec1e351b00">or recognised body</Substitution></Substitution><Substitution ChangeId="key-319520a3bd07a3a767f683e3e65d323d-1538744861659" CommentaryRef="key-319520a3bd07a3a767f683e3e65d323d">.</Substitution></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3ZA" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3ZA" id="section-155-3ZA"><Pnumber><Addition ChangeId="key-ad13fcbcc8e95c12facb885ecee5c544-1565176251572" CommentaryRef="key-ad13fcbcc8e95c12facb885ecee5c544">3ZA</Addition></Pnumber><P2para><Text><Addition ChangeId="key-ad13fcbcc8e95c12facb885ecee5c544-1565176251572" CommentaryRef="key-ad13fcbcc8e95c12facb885ecee5c544">In relation to a recognised CSD, this Part applies to contracts entered into by the central securities depository with a member of the central securities depository or with a recognised investment exchange or with a recognised clearing house or with another recognised CSD for the purpose of providing authorised central securities depository services to that member or recognised body.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3A" id="section-155-3A"><Pnumber><Addition ChangeId="key-c37280e220d3f0a6b9e4098b6b5d4ef3-1538744653833" CommentaryRef="key-c37280e220d3f0a6b9e4098b6b5d4ef3">3A</Addition></Pnumber><P2para><Text><Addition ChangeId="key-c37280e220d3f0a6b9e4098b6b5d4ef3-1538744653833" CommentaryRef="key-c37280e220d3f0a6b9e4098b6b5d4ef3">In this section “central counterparty clearing services” means—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3A/a" id="section-155-3A-a"><Pnumber><Addition ChangeId="key-c37280e220d3f0a6b9e4098b6b5d4ef3-1538744653833" CommentaryRef="key-c37280e220d3f0a6b9e4098b6b5d4ef3">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-c37280e220d3f0a6b9e4098b6b5d4ef3-1538744653833" CommentaryRef="key-c37280e220d3f0a6b9e4098b6b5d4ef3">the services provided by a recognised investment exchange or a recognised clearing house to the parties to a transaction in connection with contracts between each of the parties and the investment exchange or clearing house (in place of, or as an alternative to, a contract directly between the parties),</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3A/b" id="section-155-3A-b"><Pnumber><Addition ChangeId="key-c37280e220d3f0a6b9e4098b6b5d4ef3-1538744653833" CommentaryRef="key-c37280e220d3f0a6b9e4098b6b5d4ef3">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-c37280e220d3f0a6b9e4098b6b5d4ef3-1538744653833" CommentaryRef="key-c37280e220d3f0a6b9e4098b6b5d4ef3">the services provided by a recognised clearing house to  </Addition><Addition ChangeId="key-c37280e220d3f0a6b9e4098b6b5d4ef3-1538744653833" CommentaryRef="key-c37280e220d3f0a6b9e4098b6b5d4ef3"><Substitution ChangeId="key-7e9cac96ccd813c9a8a29fbbc185aaf4-1565177304814" CommentaryRef="key-7e9cac96ccd813c9a8a29fbbc185aaf4">a recognised body</Substitution></Addition><Addition ChangeId="key-c37280e220d3f0a6b9e4098b6b5d4ef3-1538744653833" CommentaryRef="key-c37280e220d3f0a6b9e4098b6b5d4ef3">  in connection with contracts between them, or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3A/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3A/c" id="section-155-3A-c"><Pnumber><Addition ChangeId="key-c37280e220d3f0a6b9e4098b6b5d4ef3-1538744653833" CommentaryRef="key-c37280e220d3f0a6b9e4098b6b5d4ef3">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-c37280e220d3f0a6b9e4098b6b5d4ef3-1538744653833" CommentaryRef="key-c37280e220d3f0a6b9e4098b6b5d4ef3">the services provided by a recognised investment exchange to  </Addition><Addition ChangeId="key-c37280e220d3f0a6b9e4098b6b5d4ef3-1538744653833" CommentaryRef="key-c37280e220d3f0a6b9e4098b6b5d4ef3"><Substitution ChangeId="key-9c135b8cc85bad1c1687dcd6a2475d03-1565177333671" CommentaryRef="key-9c135b8cc85bad1c1687dcd6a2475d03">a recognised body</Substitution></Addition><Addition ChangeId="key-c37280e220d3f0a6b9e4098b6b5d4ef3-1538744653833" CommentaryRef="key-c37280e220d3f0a6b9e4098b6b5d4ef3">  in connection with contracts between them.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3B" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3B" id="section-155-3B"><Pnumber><Addition ChangeId="key-4198af47568e1c9cfaf0c337b8557fdc-1564733673764" CommentaryRef="key-4198af47568e1c9cfaf0c337b8557fdc">3B</Addition></Pnumber><P2para><Text><Addition ChangeId="key-4198af47568e1c9cfaf0c337b8557fdc-1564733673764" CommentaryRef="key-4198af47568e1c9cfaf0c337b8557fdc">The reference in subsection (2D)(c)(ii) to the beginning of insolvency proceedings is to—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3B/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3B/a" id="section-155-3B-a"><Pnumber><Addition ChangeId="key-4198af47568e1c9cfaf0c337b8557fdc-1564733673764" CommentaryRef="key-4198af47568e1c9cfaf0c337b8557fdc">a</Addition></Pnumber><P3para><Text> <Addition ChangeId="key-4198af47568e1c9cfaf0c337b8557fdc-1564733673764" CommentaryRef="key-4198af47568e1c9cfaf0c337b8557fdc"><Addition ChangeId="key-c43f1f147834fdf840b249f8a730b15f-1564740631490" CommentaryRef="key-c43f1f147834fdf840b249f8a730b15f">the making of a bankruptcy application or</Addition></Addition><Addition ChangeId="key-4198af47568e1c9cfaf0c337b8557fdc-1564733673764" CommentaryRef="key-4198af47568e1c9cfaf0c337b8557fdc"> the presentation of a bankruptcy petition or a petition for sequestration of a client’s estate, or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3B/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3B/b" id="section-155-3B-b"><Pnumber><Addition ChangeId="key-4198af47568e1c9cfaf0c337b8557fdc-1564733673764" CommentaryRef="key-4198af47568e1c9cfaf0c337b8557fdc">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-4198af47568e1c9cfaf0c337b8557fdc-1564733673764" CommentaryRef="key-4198af47568e1c9cfaf0c337b8557fdc">the application for an administration order or the presentation of a winding-up petition or the passing of a resolution for voluntary winding up, or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3B/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3B/c" id="section-155-3B-c"><Pnumber><Addition ChangeId="key-4198af47568e1c9cfaf0c337b8557fdc-1564733673764" CommentaryRef="key-4198af47568e1c9cfaf0c337b8557fdc">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-4198af47568e1c9cfaf0c337b8557fdc-1564733673764" CommentaryRef="key-4198af47568e1c9cfaf0c337b8557fdc">the appointment of an administrative receiver.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3C" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3C" id="section-155-3C"><Pnumber><Addition ChangeId="key-4198af47568e1c9cfaf0c337b8557fdc-1564733673764" CommentaryRef="key-4198af47568e1c9cfaf0c337b8557fdc">3C</Addition></Pnumber><P2para><Text><Addition ChangeId="key-4198af47568e1c9cfaf0c337b8557fdc-1564733673764" CommentaryRef="key-4198af47568e1c9cfaf0c337b8557fdc">In subsection (3B)(b) the reference to an application for an administration order is to be taken to include a reference to—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3C/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3C/a" id="section-155-3C-a"><Pnumber><Addition ChangeId="key-4198af47568e1c9cfaf0c337b8557fdc-1564733673764" CommentaryRef="key-4198af47568e1c9cfaf0c337b8557fdc">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-4198af47568e1c9cfaf0c337b8557fdc-1564733673764" CommentaryRef="key-4198af47568e1c9cfaf0c337b8557fdc">in a case where an administrator is appointed under paragraph 14 or 22 of Schedule B1 to the Insolvency Act 1986 (appointment by floating charge holder, company or directors) following filing with the court of a copy of a notice of intention to appoint under that paragraph, the filing of the copy of the notice, and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3C/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3C/b" id="section-155-3C-b"><Pnumber><Addition ChangeId="key-4198af47568e1c9cfaf0c337b8557fdc-1564733673764" CommentaryRef="key-4198af47568e1c9cfaf0c337b8557fdc">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-4198af47568e1c9cfaf0c337b8557fdc-1564733673764" CommentaryRef="key-4198af47568e1c9cfaf0c337b8557fdc">in a case where an administrator is appointed under either of those paragraphs without a copy of a notice of intention to appoint having been filed with the court, the appointment of the administrator.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3D" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3D" id="section-155-3D"><Pnumber><Addition ChangeId="key-551baeeb6f35a7b86d97f6db7e843521-1565176314109" CommentaryRef="key-551baeeb6f35a7b86d97f6db7e843521">3D</Addition></Pnumber><P2para><Text><Addition ChangeId="key-551baeeb6f35a7b86d97f6db7e843521-1565176314109" CommentaryRef="key-551baeeb6f35a7b86d97f6db7e843521">In this Part “authorised central securities depository services” means, in relation to a recognised CSD—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3D/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3D/a" id="section-155-3D-a"><Pnumber><Addition ChangeId="key-551baeeb6f35a7b86d97f6db7e843521-1565176314109" CommentaryRef="key-551baeeb6f35a7b86d97f6db7e843521">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-551baeeb6f35a7b86d97f6db7e843521-1565176314109" CommentaryRef="key-551baeeb6f35a7b86d97f6db7e843521">the core services listed in Section A of the Annex to the CSD regulation which that central securities depository is authorised to provide pursuant to Article 16 or 19(1)(a) or (c) of the CSD regulation;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3D/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3D/b" id="section-155-3D-b"><Pnumber><Addition ChangeId="key-551baeeb6f35a7b86d97f6db7e843521-1565176314109" CommentaryRef="key-551baeeb6f35a7b86d97f6db7e843521">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-551baeeb6f35a7b86d97f6db7e843521-1565176314109" CommentaryRef="key-551baeeb6f35a7b86d97f6db7e843521">the non-banking-type ancillary services listed in or permitted under Section B of that Annex which that central securities depository is authorised to provide, including services notified under Article 19 of the CSD regulation; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/3D/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/3D/c" id="section-155-3D-c"><Pnumber><Addition ChangeId="key-551baeeb6f35a7b86d97f6db7e843521-1565176314109" CommentaryRef="key-551baeeb6f35a7b86d97f6db7e843521">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-551baeeb6f35a7b86d97f6db7e843521-1565176314109" CommentaryRef="key-551baeeb6f35a7b86d97f6db7e843521">the banking-type ancillary services listed in or permitted under Section C of that Annex which that central securities depository is authorised to provide pursuant to Article 54(2)(a) of the CSD regulation.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/4" id="section-155-4"><Pnumber>4</Pnumber><P2para><Text>The Secretary of State may by regulations make further provision as to the contracts to be treated as “<Term id="term-market-contracts">market contracts</Term>”, for the purposes of this Part, in relation to  <Substitution ChangeId="key-79fa7ef94a2cfa434fc8dcec3e151225-1565177366078" CommentaryRef="key-79fa7ef94a2cfa434fc8dcec3e151225">a recognised body</Substitution>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155/5" id="section-155-5"><Pnumber>5</Pnumber><P2para><Text>The regulations may add to, amend or repeal the provisions of subsections  <Substitution ChangeId="key-b9e30b3b4106eb668a9cd34aa4e005cc-1565177420921" CommentaryRef="key-b9e30b3b4106eb668a9cd34aa4e005cc">(2), (3), (3ZA) and (3D)</Substitution>  above.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2018-01-03"><Title><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">Qualifying collateral arrangements and qualifying property transfers</Addition></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A" id="section-155A"><Pnumber PuncAfter="."><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">155A</Addition></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/1" id="section-155A-1"><Pnumber><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">1</Addition></Pnumber><P2para><Text><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">In this Part—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/1/a" id="section-155A-1-a"><Pnumber><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">“qualifying collateral arrangements” means the contracts and contractual obligations to which this Part applies by virtue of subsection (2); and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/1/b" id="section-155A-1-b"><Pnumber><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">“qualifying property transfers” means the property transfers to which this Part applies by virtue of subsection (4).</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/2" id="section-155A-2"><Pnumber><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">2</Addition></Pnumber><P2para><Text><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">In relation to transactions which are cleared through a recognised central counterparty, this Part applies to any contracts or contractual obligations for, or arising out of, the provision of property as margin where—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/2/a" id="section-155A-2-a"><Pnumber><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">the margin is provided to a recognised central counterparty and is recorded in the accounts of the recognised central counterparty as an asset held for the account of a client, an indirect client, or a group of clients or indirect clients; or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/2/b" id="section-155A-2-b"><Pnumber><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">the margin is provided to a client or clearing member for the purpose of providing cover for exposures arising out of present or future client trades.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/3" id="section-155A-3"><Pnumber><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">3</Addition></Pnumber><P2para><Text><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">In subsection (2)—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/3/a" id="section-155A-3-a"><Pnumber><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">“property” has the meaning given by section 436(1) of the Insolvency Act 1986 and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/3/b" id="section-155A-3-b"><Pnumber><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">the reference to a contract or contractual obligation for, or arising out of, the provision of property as margin in circumstances falling within paragraph (a) or (b) of that subsection includes a reference to a contract or contractual obligation of that kind which has been amended to reflect the transfer of a clearing member client contract or client trade.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/4" id="section-155A-4"><Pnumber><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">4</Addition></Pnumber><P2para><Text><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">In relation to transactions which are cleared through a recognised central counterparty, this Part applies to—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/4/a" id="section-155A-4-a"><Pnumber><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">transfers of property made in accordance with Article 48(7) of the EMIR Level 1 Regulation;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/4/aa" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/4/aa" id="section-155A-4-aa"><Pnumber><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe"><Substitution ChangeId="key-e0c355c20c47cee4332520c3c298148c-1565180180457" CommentaryRef="key-e0c355c20c47cee4332520c3c298148c">aa</Substitution></Addition></Pnumber><P3para><Text><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe"><Substitution ChangeId="key-e0c355c20c47cee4332520c3c298148c-1565180180457" CommentaryRef="key-e0c355c20c47cee4332520c3c298148c">transfers of property made in accordance with Article 4(6) and (7) of the EMIR Level 2 Regulation or Article 4(6) and (7) of the MIFIR Level 2 Regulation;</Substitution></Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/4/b" id="section-155A-4-b"><Pnumber><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">transfers of property to the extent that they—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/4/b/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/4/b/i" id="section-155A-4-b-i"><Pnumber><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">i</Addition></Pnumber><P4para><Text><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">are made by a recognised central counterparty to a non-defaulting clearing member instead of, or in place of, a defaulting clearing member;</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/4/b/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/4/b/ii" id="section-155A-4-b-ii"><Pnumber><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">represent the termination or close out value of a clearing member client contract which is transferred from a defaulting clearing member to a non-defaulting clearing member; and</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/4/b/iii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/4/b/iii" id="section-155A-4-b-iii"><Pnumber><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">iii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-37b8cae49b132e9345d0699c87cbb0fe-1561236615277" CommentaryRef="key-37b8cae49b132e9345d0699c87cbb0fe">are determined in accordance with the default rules of the recognised central counterparty.</Addition></Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/4/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/4/c" id="section-155A-4-c"><Pnumber><Addition ChangeId="key-6364d00ac8090a4f5ff31f933d06b1f6-1564734051843" CommentaryRef="key-6364d00ac8090a4f5ff31f933d06b1f6">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-6364d00ac8090a4f5ff31f933d06b1f6-1564734051843" CommentaryRef="key-6364d00ac8090a4f5ff31f933d06b1f6">transfers of property to the extent that they—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/4/c/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/4/c/i" id="section-155A-4-c-i"><Pnumber><Addition ChangeId="key-6364d00ac8090a4f5ff31f933d06b1f6-1564734051843" CommentaryRef="key-6364d00ac8090a4f5ff31f933d06b1f6">i</Addition></Pnumber><P4para><Text><Addition ChangeId="key-6364d00ac8090a4f5ff31f933d06b1f6-1564734051843" CommentaryRef="key-6364d00ac8090a4f5ff31f933d06b1f6">are made by a clearing member to a non-defaulting client or another clearing member instead of, or in place of, a defaulting client;</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/4/c/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/4/c/ii" id="section-155A-4-c-ii"><Pnumber><Addition ChangeId="key-6364d00ac8090a4f5ff31f933d06b1f6-1564734051843" CommentaryRef="key-6364d00ac8090a4f5ff31f933d06b1f6">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-6364d00ac8090a4f5ff31f933d06b1f6-1564734051843" CommentaryRef="key-6364d00ac8090a4f5ff31f933d06b1f6">represent the termination or close out value of a client trade which is transferred from a defaulting client to another clearing member or a non-defaulting client; and</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/155A/4/c/iii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/4/c/iii" id="section-155A-4-c-iii"><Pnumber><Addition ChangeId="key-6364d00ac8090a4f5ff31f933d06b1f6-1564734051843" CommentaryRef="key-6364d00ac8090a4f5ff31f933d06b1f6">iii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-6364d00ac8090a4f5ff31f933d06b1f6-1564734051843" CommentaryRef="key-6364d00ac8090a4f5ff31f933d06b1f6">do not exceed the termination or close out value of the clearing member client contract corresponding to that client trade, as determined in accordance with the default rules of the recognised central counterparty.</Addition></Text></P4para></P4></P3para></P3></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/156" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/156" id="section-156"><Pnumber><CommentaryRef Ref="c13693761"/>156</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2017-11-28"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/157" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/157" id="section-157"><Pnumber><CommentaryRef Ref="c13693781"/>157</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/157/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/157/1" id="section-157-1"><Pnumber>1</Pnumber><P2para><Text> <Substitution ChangeId="key-acf762c1eaccb1c2348b60fb91296e0e-1564753642320" CommentaryRef="key-acf762c1eaccb1c2348b60fb91296e0e">A recognised body</Substitution>   shall give the  <Substitution ChangeId="key-02920cac2a6734c79bd3d4c247342036-1561315958980" CommentaryRef="key-02920cac2a6734c79bd3d4c247342036">appropriate regulator</Substitution>  at least  <Substitution ChangeId="key-44f7c2ecf0db5e6e7f293014621b8377-1561315769081" CommentaryRef="key-44f7c2ecf0db5e6e7f293014621b8377">three months</Substitution>  notice of any proposal to amend, revoke or add to its default rules; and the  <Substitution ChangeId="key-d92a1486454f35230617599a47475db7-1561316043635" CommentaryRef="key-d92a1486454f35230617599a47475db7">regulator</Substitution>  may within  <Substitution ChangeId="key-44f7c2ecf0db5e6e7f293014621b8377-1561315841839" CommentaryRef="key-44f7c2ecf0db5e6e7f293014621b8377">three months</Substitution>  from receipt of the notice direct  <Substitution ChangeId="key-f593f17cc540517be6cdf26d52ebdc8f-1564753669749" CommentaryRef="key-f593f17cc540517be6cdf26d52ebdc8f">the recognised body</Substitution>  not to proceed with the proposal, in whole or in part.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/157/1A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/157/1A" id="section-157-1A"><Pnumber> <Addition ChangeId="key-496d11c31e623733a2f795ac9cd2a04d-1561316299757" CommentaryRef="key-496d11c31e623733a2f795ac9cd2a04d">1A</Addition></Pnumber><P2para><Text><Addition ChangeId="key-496d11c31e623733a2f795ac9cd2a04d-1561316299757" CommentaryRef="key-496d11c31e623733a2f795ac9cd2a04d">The appropriate regulator may, if it considers it appropriate to do so, agree a shorter period of notice and, in a case where it does so, any direction under this section must be given by it within that shorter period.</Addition> </Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/157/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/157/2" id="section-157-2"><Pnumber>2</Pnumber><P2para><Text>A direction under this section may be varied or revoked.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/157/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/157/3" id="section-157-3"><Pnumber>3</Pnumber><P2para><Text>Any amendment or revocation of, or addition to, the default rules of  <Substitution ChangeId="key-c55357bc0c088004094381c5f7bd761c-1564753800441" CommentaryRef="key-c55357bc0c088004094381c5f7bd761c">a recognised body</Substitution>  in breach of a direction under this section is ineffective.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/157/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/157/4" id="section-157-4"><Pnumber><Addition ChangeId="key-66bdffea69a88ce9fd26097c2a3383c0-1561314938455" CommentaryRef="key-66bdffea69a88ce9fd26097c2a3383c0">4</Addition></Pnumber><P2para><Text><Addition ChangeId="key-66bdffea69a88ce9fd26097c2a3383c0-1561314938455" CommentaryRef="key-66bdffea69a88ce9fd26097c2a3383c0">The appropriate regulator”—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/157/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/157/4/a" id="section-157-4-a"><Pnumber><Addition ChangeId="key-66bdffea69a88ce9fd26097c2a3383c0-1561314938455" CommentaryRef="key-66bdffea69a88ce9fd26097c2a3383c0">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-66bdffea69a88ce9fd26097c2a3383c0-1561314938455" CommentaryRef="key-66bdffea69a88ce9fd26097c2a3383c0">in relation to a recognised </Addition><Addition ChangeId="key-66bdffea69a88ce9fd26097c2a3383c0-1561314938455" CommentaryRef="key-66bdffea69a88ce9fd26097c2a3383c0">UK</Addition><Addition ChangeId="key-66bdffea69a88ce9fd26097c2a3383c0-1561314938455" CommentaryRef="key-66bdffea69a88ce9fd26097c2a3383c0"> investment exchange, means the FCA, and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/157/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/157/4/b" id="section-157-4-b"><Pnumber><Addition ChangeId="key-66bdffea69a88ce9fd26097c2a3383c0-1561314938455" CommentaryRef="key-66bdffea69a88ce9fd26097c2a3383c0">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-66bdffea69a88ce9fd26097c2a3383c0-1561314938455" CommentaryRef="key-66bdffea69a88ce9fd26097c2a3383c0">in relation to a  </Addition><Addition ChangeId="key-66bdffea69a88ce9fd26097c2a3383c0-1561314938455" CommentaryRef="key-66bdffea69a88ce9fd26097c2a3383c0"><Substitution ChangeId="key-bb4a5889b48023b2d5337622a221ac15-1561316473294" CommentaryRef="key-bb4a5889b48023b2d5337622a221ac15">recognised clearing house</Substitution></Addition>  <Addition ChangeId="key-66bdffea69a88ce9fd26097c2a3383c0-1561314938455" CommentaryRef="key-66bdffea69a88ce9fd26097c2a3383c0"><Addition ChangeId="key-a74aed37fbda94fbcc9cf29b1807b86e-1564753711138" CommentaryRef="key-a74aed37fbda94fbcc9cf29b1807b86e">or a recognised CSD</Addition></Addition><Addition ChangeId="key-66bdffea69a88ce9fd26097c2a3383c0-1561314938455" CommentaryRef="key-66bdffea69a88ce9fd26097c2a3383c0">, means the Bank of England.</Addition></Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" ConfersPower="true" RestrictStartDate="2017-11-28"><Title> Modifications of the law of insolvency.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158" id="section-158"><Pnumber><CommentaryRef Ref="c13693841"/>158</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/1" id="section-158-1"><Pnumber><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">1</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">The general law of insolvency has effect in relation to—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/1/a" id="section-158-1-a"><Pnumber><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">market contracts,</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/1/b" id="section-158-1-b"><Pnumber><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">action taken under the rules of  </Substitution><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34"><Substitution ChangeId="key-d5dd35f77676290e00306525aac0de54-1564999980355" CommentaryRef="key-d5dd35f77676290e00306525aac0de54">a recognised body other than a recognised central counterparty</Substitution></Substitution><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">, with respect to market contracts,</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/1/c" id="section-158-1-c"><Pnumber><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">c</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">action taken under the rules of a recognised central counterparty to transfer clearing member client contracts, or settle clearing member client contracts or clearing member house contracts, in accordance with the default rules of the recognised central counterparty,</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/1/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/1/d" id="section-158-1-d"><Pnumber><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">d</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">where clearing member client contracts transferred in accordance with the default rules of a recognised central counterparty were entered into by the clearing member  </Substitution><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34"><Addition ChangeId="key-cae65ed218df9dd068083d9c87b20b5f-1564734215848" CommentaryRef="key-cae65ed218df9dd068083d9c87b20b5f">or client</Addition></Substitution><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34"> as a principal, action taken to transfer </Substitution><CommentaryRef Ref="key-51e76c2508f92d4492e26a3013c7590e"/><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">... client trades, or groups of client trades, corresponding to those clearing member client contracts,</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/1/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/1/e" id="section-158-1-e"><Pnumber><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">e</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">action taken to transfer qualifying collateral arrangements in conjunction with a transfer of clearing member client contracts as mentioned in paragraph (c) or a transfer of client trades as mentioned in paragraph (d), and</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/1/f" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/1/f" id="section-158-1-f"><Pnumber><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">f</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">qualifying property transfers,</Substitution></Text></P3para></P3><Text><Substitution ChangeId="key-92654e433b02744bbff9d1fbd90a1b34-1561318179101" CommentaryRef="key-92654e433b02744bbff9d1fbd90a1b34">subject to the provisions of sections 159 to 165.</Substitution></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/2" id="section-158-2"><Pnumber>2</Pnumber><P2para><Text>So far as those provisions relate to insolvency proceedings in respect of a person other than a defaulter, they apply in relation to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/2/a" id="section-158-2-a"><Pnumber><Substitution ChangeId="key-521e934d1bcb8a3f9fb1265c481a694c-1539106215898" CommentaryRef="key-521e934d1bcb8a3f9fb1265c481a694c">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-521e934d1bcb8a3f9fb1265c481a694c-1539106215898" CommentaryRef="key-521e934d1bcb8a3f9fb1265c481a694c">proceedings in respect of a recognised investment exchange or a member or designated non-member of a recognised investment exchange,</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/2/aa" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/2/aa" id="section-158-2-aa"><Pnumber><Substitution ChangeId="key-521e934d1bcb8a3f9fb1265c481a694c-1539106215898" CommentaryRef="key-521e934d1bcb8a3f9fb1265c481a694c">aa</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-521e934d1bcb8a3f9fb1265c481a694c-1539106215898" CommentaryRef="key-521e934d1bcb8a3f9fb1265c481a694c">proceedings in respect of a recognised clearing house or a member of a recognised clearing house, </Substitution><Substitution ChangeId="key-521e934d1bcb8a3f9fb1265c481a694c-1539106215898" CommentaryRef="key-521e934d1bcb8a3f9fb1265c481a694c"><CommentaryRef Ref="key-45130f9829b43ce093b639098c723e89"/>...</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/2/ab" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/2/ab" id="section-158-2-ab"><Pnumber><Addition ChangeId="key-de82b5030c8a1bd62aaaa73a6148eccd-1564999871041" CommentaryRef="key-de82b5030c8a1bd62aaaa73a6148eccd">ab</Addition></Pnumber><P3para><Text><Addition ChangeId="key-de82b5030c8a1bd62aaaa73a6148eccd-1564999871041" CommentaryRef="key-de82b5030c8a1bd62aaaa73a6148eccd">proceedings in respect of a recognised CSD or a member of a recognised CSD, and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/2/b" id="section-158-2-b"><Pnumber>b</Pnumber><P3para><Text>proceedings in respect of a party to a market contract <Addition ChangeId="key-27b7b19dcd7eb21b41bb7963e795c745-1561318260735" CommentaryRef="key-27b7b19dcd7eb21b41bb7963e795c745">other than a client trade which are</Addition>  begun after  <Substitution ChangeId="key-7c251ebd930338491bbda3520a5cebca-1564999920737" CommentaryRef="key-7c251ebd930338491bbda3520a5cebca">a recognised body</Substitution>  has taken action under its default rules in relation to a person party to the contract as principal,</Text></P3para></P3><Text>but not in relation to any other insolvency proceedings, notwithstanding that rights or liabilities arising from market contracts fall to be dealt with in the proceedings.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/3" id="section-158-3"><Pnumber>3</Pnumber><P2para><Text>The reference in subsection (2)(b) to the beginning of insolvency proceedings is to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/3/a" id="section-158-3-a"><Pnumber>a</Pnumber><P3para><Text> <Addition ChangeId="key-efb9fe98af6d3d9bafec2b97e9d2470c-1564740832490" CommentaryRef="key-efb9fe98af6d3d9bafec2b97e9d2470c">the making of a bankruptcy application or</Addition> the presentation of a bankruptcy petition or a petition for sequestration of a person’s estate, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/3/b" id="section-158-3-b"><Pnumber><Addition ChangeId="d29p8849" CommentaryRef="c13693851">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p8849" CommentaryRef="c13693851">the application for an administration order or the presentation of a winding-up petition or the passing of a resolution for voluntary winding up,</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/3/c" id="section-158-3-c"><Pnumber>c</Pnumber><P3para><Text>the appointment of an administrative receiver.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/3A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/3A" id="section-158-3A"><Pnumber><Addition ChangeId="d29p8863" CommentaryRef="c13693861">3A</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p8863" CommentaryRef="c13693861">In subsection (3)(b) the reference to an application for an administration order shall be taken to include a reference to—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/3A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/3A/a" id="section-158-3A-a"><Pnumber><Addition ChangeId="d29p8863" CommentaryRef="c13693861">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p8863" CommentaryRef="c13693861">in a case where an administrator is appointed under paragraph 14 or 22 of Schedule B1 to the Insolvency Act 1986 (appointment by floating charge holder, company or directors) following filing with the court of a copy of a notice of intention to appoint under that paragraph, the filing of the copy of the notice, and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/3A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/3A/b" id="section-158-3A-b"><Pnumber><Addition ChangeId="d29p8863" CommentaryRef="c13693861">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p8863" CommentaryRef="c13693861">in a case where an administrator is appointed under either of those paragraphs without a copy of a notice of intention to appoint having been filed with the court, the appointment of the administrator.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/4" id="section-158-4"><Pnumber><CommentaryRef Ref="c13693831"/>4</Pnumber><P2para><Text>The Secretary of State may make further provision by regulations modifying the law of insolvency in relation to the matters mentioned in <Addition ChangeId="key-7e3cd20e52db95966fa9617751624c5a-1561318317316" CommentaryRef="key-7e3cd20e52db95966fa9617751624c5a">paragraphs (a) to (d) of</Addition>  subsection (1).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/158/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/5" id="section-158-5"><Pnumber><CommentaryRef Ref="c13693831"/>5</Pnumber><P2para><Text>The regulations may add to, amend or repeal the provisions mentioned in subsection (1), and any other provision of this Part as it applies for the purposes of those provisions, or provide that those provisions have effect subject to such additions, exceptions or adaptations as are specified in the regulations.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2017-11-28"><Title><Substitution ChangeId="key-8dee730d6116ba70d64fe139ff566e46-1564752200445" CommentaryRef="key-8dee730d6116ba70d64fe139ff566e46">Proceedings of recognised bodies take precedence over insolvency procedures</Substitution>.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159" id="section-159"><Pnumber><CommentaryRef Ref="c13693891"/>159</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/1" id="section-159-1"><Pnumber>1</Pnumber><P2para><Text>None of the following shall be regarded as to any extent invalid at law on the ground of inconsistency with the law relating to the distribution of the assets of a person on bankruptcy, winding up or sequestration, or <Addition ChangeId="key-51b55d4400590d8c1e9f04a43799568c-1538752232232" CommentaryRef="key-51b55d4400590d8c1e9f04a43799568c">in the administration of a company or other body or</Addition>  in the administration of an insolvent estate—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/1/a" id="section-159-1-a"><Pnumber>a</Pnumber><P3para><Text>a market contract,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/1/b" id="section-159-1-b"><Pnumber>b</Pnumber><P3para><Text>the default rules of  <Substitution ChangeId="key-fc3e501336f53cbb165dffc5f3cea42e-1565000644033" CommentaryRef="key-fc3e501336f53cbb165dffc5f3cea42e">a recognised body</Substitution>,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/1/c" id="section-159-1-c"><Pnumber>c</Pnumber><P3para><Text>the rules of  <Substitution ChangeId="key-baaf751d01a6180b08a94520a62aa1ef-1565000368378" CommentaryRef="key-baaf751d01a6180b08a94520a62aa1ef">a recognised body other than a recognised central counterparty</Substitution>   as to the settlement of market contracts not dealt with  <Substitution ChangeId="key-a68efdafd7847fa5180bdc28d5fb7e06-1561228163463" CommentaryRef="key-a68efdafd7847fa5180bdc28d5fb7e06">under its default rules,</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/1/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/1/d" id="section-159-1-d"><Pnumber><Addition ChangeId="key-a3882101e390277a024570c4b6efea84-1561227874112" CommentaryRef="key-a3882101e390277a024570c4b6efea84">d</Addition></Pnumber><P3para><Text><Addition ChangeId="key-a3882101e390277a024570c4b6efea84-1561227874112" CommentaryRef="key-a3882101e390277a024570c4b6efea84">the rules of a recognised central counterparty on which the recognised central counterparty relies to give effect to the transfer of a clearing member client contract, or the settlement of a clearing member client contract or clearing member house contract, in accordance with its default rules,</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/1/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/1/e" id="section-159-1-e"><Pnumber><Addition ChangeId="key-a3882101e390277a024570c4b6efea84-1561227874112" CommentaryRef="key-a3882101e390277a024570c4b6efea84">e</Addition></Pnumber><P3para><Text><Addition ChangeId="key-a3882101e390277a024570c4b6efea84-1561227874112" CommentaryRef="key-a3882101e390277a024570c4b6efea84">a transfer of a clearing member client contract, or the settlement of a clearing member client contract or a clearing member house contract, in accordance with the default rules of a recognised central counterparty,</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/1/f" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/1/f" id="section-159-1-f"><Pnumber><Addition ChangeId="key-a3882101e390277a024570c4b6efea84-1561227874112" CommentaryRef="key-a3882101e390277a024570c4b6efea84">f</Addition></Pnumber><P3para><Text><Addition ChangeId="key-a3882101e390277a024570c4b6efea84-1561227874112" CommentaryRef="key-a3882101e390277a024570c4b6efea84">where a clearing member client contract transferred in accordance with the default rules of a recognised central counterparty was entered into by the clearing member  </Addition><Addition ChangeId="key-a3882101e390277a024570c4b6efea84-1561227874112" CommentaryRef="key-a3882101e390277a024570c4b6efea84"><Addition ChangeId="key-b86f1e8f022284b343cd865df287bc4b-1564734399302" CommentaryRef="key-b86f1e8f022284b343cd865df287bc4b">or client</Addition></Addition><Addition ChangeId="key-a3882101e390277a024570c4b6efea84-1561227874112" CommentaryRef="key-a3882101e390277a024570c4b6efea84"> as principal, a transfer of  </Addition><Addition ChangeId="key-a3882101e390277a024570c4b6efea84-1561227874112" CommentaryRef="key-a3882101e390277a024570c4b6efea84"><Substitution ChangeId="key-52998fb798bc79a8a0f0aeacfcc0a5ea-1564734448083" CommentaryRef="key-52998fb798bc79a8a0f0aeacfcc0a5ea">a client trade</Substitution></Addition><Addition ChangeId="key-a3882101e390277a024570c4b6efea84-1561227874112" CommentaryRef="key-a3882101e390277a024570c4b6efea84">  or group of client trades corresponding to that clearing member client contract,</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/1/g" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/1/g" id="section-159-1-g"><Pnumber><Addition ChangeId="key-a3882101e390277a024570c4b6efea84-1561227874112" CommentaryRef="key-a3882101e390277a024570c4b6efea84">g</Addition></Pnumber><P3para><Text><Addition ChangeId="key-a3882101e390277a024570c4b6efea84-1561227874112" CommentaryRef="key-a3882101e390277a024570c4b6efea84">a transfer of a qualifying collateral arrangement in conjunction with the transfer of clearing member client contract as mentioned in paragraph (e) or of a client trade as mentioned in paragraph (f), or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/1/h" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/1/h" id="section-159-1-h"><Pnumber><Addition ChangeId="key-a3882101e390277a024570c4b6efea84-1561227874112" CommentaryRef="key-a3882101e390277a024570c4b6efea84">h</Addition></Pnumber><P3para><Text><Addition ChangeId="key-a3882101e390277a024570c4b6efea84-1561227874112" CommentaryRef="key-a3882101e390277a024570c4b6efea84">a qualifying property transfer.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/2" id="section-159-2"><Pnumber>2</Pnumber><P2para><Text>The powers of a relevant office-holder in his capacity as such, and the powers of the court under the <CommentaryRef Ref="c13693901"/>Insolvency Act 1986<Substitution ChangeId="key-d93808657d7899f690dbc9b8ba95ed00-1561228250183" CommentaryRef="key-d93808657d7899f690dbc9b8ba95ed00">, the Bankruptcy (Scotland) Act  </Substitution><Substitution ChangeId="key-d93808657d7899f690dbc9b8ba95ed00-1561228250183" CommentaryRef="key-d93808657d7899f690dbc9b8ba95ed00"><Substitution ChangeId="key-723b75a6bb49e8d3ce258dcf7404314c-1564743049047" CommentaryRef="key-723b75a6bb49e8d3ce258dcf7404314c">2016</Substitution></Substitution><Substitution ChangeId="key-d93808657d7899f690dbc9b8ba95ed00-1561228250183" CommentaryRef="key-d93808657d7899f690dbc9b8ba95ed00">, Part 10 of the Building Societies Act 1986, Parts 2 and 3 of the Banking Act 2009 or under regulations made under section 233 of that Act,</Substitution>  shall not be exercised in such a way as to prevent or interfere with—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/2/a" id="section-159-2-a"><Pnumber>a</Pnumber><P3para><Text>the settlement in accordance with the rules of  <Substitution ChangeId="key-ec73a4d2039fa65b40eb66587de4da77-1565000539829" CommentaryRef="key-ec73a4d2039fa65b40eb66587de4da77">a recognised body other than a recognised central counterparty</Substitution>   of a market contract not dealt with under its default rules, <CommentaryRef Ref="key-8e5954ba6ebd2d014d33bdf3fe433abd"/>...</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/2/b" id="section-159-2-b"><Pnumber>b</Pnumber><P3para><Text>any action taken under the default rules of   <Substitution ChangeId="key-c0e0184b2164d314fc91353c5fdd72ff-1565000601183" CommentaryRef="key-c0e0184b2164d314fc91353c5fdd72ff">a recognised body other than a recognised central counterparty</Substitution>,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/2/c" id="section-159-2-c"><Pnumber><Addition ChangeId="key-8bb1d2e9178a2d0c189a6bc74c7e7196-1561229599871" CommentaryRef="key-8bb1d2e9178a2d0c189a6bc74c7e7196">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-8bb1d2e9178a2d0c189a6bc74c7e7196-1561229599871" CommentaryRef="key-8bb1d2e9178a2d0c189a6bc74c7e7196">the transfer of a clearing member client contract, or the settlement of a clearing member client contract or a clearing member house contract, in accordance with the default rules of a recognised central counterparty,</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/2/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/2/d" id="section-159-2-d"><Pnumber><Addition ChangeId="key-8bb1d2e9178a2d0c189a6bc74c7e7196-1561229599871" CommentaryRef="key-8bb1d2e9178a2d0c189a6bc74c7e7196">d</Addition></Pnumber><P3para><Text><Addition ChangeId="key-8bb1d2e9178a2d0c189a6bc74c7e7196-1561229599871" CommentaryRef="key-8bb1d2e9178a2d0c189a6bc74c7e7196">where a clearing member client contract transferred in accordance with the default rules of a recognised central counterparty was entered into by the clearing member  </Addition><Addition ChangeId="key-8bb1d2e9178a2d0c189a6bc74c7e7196-1561229599871" CommentaryRef="key-8bb1d2e9178a2d0c189a6bc74c7e7196"><Addition ChangeId="key-1e655b06f546ffcad9cebb99ce22dfd8-1564734518650" CommentaryRef="key-1e655b06f546ffcad9cebb99ce22dfd8">or client</Addition></Addition><Addition ChangeId="key-8bb1d2e9178a2d0c189a6bc74c7e7196-1561229599871" CommentaryRef="key-8bb1d2e9178a2d0c189a6bc74c7e7196"> as principal, the transfer of  </Addition><Addition ChangeId="key-8bb1d2e9178a2d0c189a6bc74c7e7196-1561229599871" CommentaryRef="key-8bb1d2e9178a2d0c189a6bc74c7e7196"><Substitution ChangeId="key-3221e953c554a108a6fea7361bfac069-1564734571185" CommentaryRef="key-3221e953c554a108a6fea7361bfac069">a client trade</Substitution></Addition><Addition ChangeId="key-8bb1d2e9178a2d0c189a6bc74c7e7196-1561229599871" CommentaryRef="key-8bb1d2e9178a2d0c189a6bc74c7e7196">  or group of client trades corresponding to that clearing member contract,</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/2/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/2/e" id="section-159-2-e"><Pnumber><Addition ChangeId="key-8bb1d2e9178a2d0c189a6bc74c7e7196-1561229599871" CommentaryRef="key-8bb1d2e9178a2d0c189a6bc74c7e7196">e</Addition></Pnumber><P3para><Text><Addition ChangeId="key-8bb1d2e9178a2d0c189a6bc74c7e7196-1561229599871" CommentaryRef="key-8bb1d2e9178a2d0c189a6bc74c7e7196">the transfer of a qualifying collateral arrangement in conjunction with a transfer of a clearing member client contract as mentioned in paragraph (c), or a transfer of a client trade as mentioned in paragraph (d),</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/2/f" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/2/f" id="section-159-2-f"><Pnumber><Addition ChangeId="key-8bb1d2e9178a2d0c189a6bc74c7e7196-1561229599871" CommentaryRef="key-8bb1d2e9178a2d0c189a6bc74c7e7196">f</Addition></Pnumber><P3para><Text><Addition ChangeId="key-8bb1d2e9178a2d0c189a6bc74c7e7196-1561229599871" CommentaryRef="key-8bb1d2e9178a2d0c189a6bc74c7e7196">any action taken to give effect to any of the matters mentioned in paragraphs (c) to (e), or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/2/g" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/2/g" id="section-159-2-g"><Pnumber><Addition ChangeId="key-8bb1d2e9178a2d0c189a6bc74c7e7196-1561229599871" CommentaryRef="key-8bb1d2e9178a2d0c189a6bc74c7e7196">g</Addition></Pnumber><P3para><Text><Addition ChangeId="key-8bb1d2e9178a2d0c189a6bc74c7e7196-1561229599871" CommentaryRef="key-8bb1d2e9178a2d0c189a6bc74c7e7196">any action taken to give effect to a qualifying property transfer.</Addition></Text></P3para></P3><Text>This does not prevent a relevant office-holder from afterwards seeking to recover any amount under section 163(4) or 164(4) or prevent the court from afterwards making any such order or decree as is mentioned in section 165(1) or (2) (but subject to subsections (3) and (4) of that section).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/3" id="section-159-3"><Pnumber>3</Pnumber><P2para><Text>Nothing in the following provisions of this Part shall be construed as affecting the generality of the above provisions.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/4" id="section-159-4"><Pnumber>4</Pnumber><P2para><Text>A debt or other liability arising out of a market contract which is the subject of default proceedings may not be proved in a winding up or bankruptcy <Addition ChangeId="key-206d75a3a84689a7216266c44e3a334c-1538752262747" CommentaryRef="key-206d75a3a84689a7216266c44e3a334c">or in the administration of a company or other body</Addition>, or in Scotland claimed in a winding up or sequestration <Addition ChangeId="key-206d75a3a84689a7216266c44e3a334c-1561708747353" CommentaryRef="key-206d75a3a84689a7216266c44e3a334c">or in the administration of a company or other body</Addition>, until the completion of the default proceedings.</Text></P2para><P2para><Text>A debt or other liability which by virtue of this subsection may not be proved or claimed shall not be taken into account for the purposes of any set-off until the completion of the default proceedings.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/4A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/4A" id="section-159-4A"><Pnumber><CommentaryRef Ref="c13693921"/><Addition ChangeId="d29p8969">4A</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p8969">However, prior to the completion of default proceedings—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/4A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/4A/a" id="section-159-4A-a"><Pnumber><Addition ChangeId="d29p8969">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p8969">where it appears  </Addition><Addition ChangeId="d29p8969"><Substitution ChangeId="key-4ba8e64c5e6533b830b64fadb2349e24-1564751390141" CommentaryRef="key-4ba8e64c5e6533b830b64fadb2349e24">to the convener</Substitution></Addition><Addition ChangeId="d29p8969">  that a sum will be certified under section 162(1) to be payable, subsection (4) shall not prevent any proof or claim including or consisting of an estimate of that sum which has been lodged or, in Scotland, submitted, from being admitted or, in Scotland, accepted, for the purpose only of determining the entitlement of a creditor to vote  </Addition><Addition ChangeId="d29p8969"><Substitution ChangeId="key-22f68a3717813136a60de46031f54ae3-1564751428229" CommentaryRef="key-22f68a3717813136a60de46031f54ae3">in a decision procedure</Substitution></Addition><Addition ChangeId="d29p8969">; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/4A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/4A/b" id="section-159-4A-b"><Pnumber><Addition ChangeId="d29p8969">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p8969">a creditor whose claim or proof has been lodged and admitted or, in Scotland, submitted and accepted, for the purpose of determining the entitlement of a creditor to vote  </Addition><Addition ChangeId="d29p8969"><Substitution ChangeId="key-e049c35be3fedd90a9b55cb7ddcc2eb4-1564751348516" CommentaryRef="key-e049c35be3fedd90a9b55cb7ddcc2eb4">in a decision procedure</Substitution></Addition><Addition ChangeId="d29p8969">  and which has not been subsequently wholly withdrawn, disallowed or rejected, is eligible as a creditor to be a member of a liquidation committee or, in bankruptcy proceedings in England and Wales, </Addition><Addition ChangeId="d29p8969"><Addition ChangeId="key-f9e0e16a6fb210d1956cecc5ad66dbac-1538752310559" CommentaryRef="key-f9e0e16a6fb210d1956cecc5ad66dbac">or in the administration of a company or other body</Addition></Addition><Addition ChangeId="d29p8969">  a creditors’ committee.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/159/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/159/5" id="section-159-5"><Pnumber>5</Pnumber><P2para><Text>For the purposes of <Addition ChangeId="d29p8996" CommentaryRef="c13693931">subsections (4) and (4A)</Addition> the default proceedings shall be taken to be completed in relation to a person when a report is made under section 162 stating the sum (if any) certified to be due to or from him.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2017-11-28"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/160" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/160" id="section-160"><Pnumber><CommentaryRef Ref="c13693951"/>160</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/160/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/160/1" id="section-160-1"><Pnumber>1</Pnumber><P2para><Text>It is the duty of—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/160/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/160/1/a" id="section-160-1-a"><Pnumber>a</Pnumber><P3para><Text>any person who has or had control of any assets of a defaulter, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/160/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/160/1/b" id="section-160-1-b"><Pnumber>b</Pnumber><P3para><Text>any person who has or had control of any documents of or relating to a defaulter,</Text></P3para></P3><Text>to give  <Substitution ChangeId="key-1670cd19fe7df23e25bc5cb5688c9b1e-1565000872070" CommentaryRef="key-1670cd19fe7df23e25bc5cb5688c9b1e">a recognised body</Substitution>  such assistance as it may reasonably require for the purposes of its default proceedings.</Text></P2para></P2><BlockText><Para><Text>This applies notwithstanding any duty of that person under the enactments relating to insolvency.</Text></Para></BlockText><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/160/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/160/2" id="section-160-2"><Pnumber>2</Pnumber><P2para><Text>A person shall not under this section be required to provide any information or produce any document which he would be entitled to refuse to provide or produce on grounds of legal professional priviledge in proceedings in the High Court or on grounds of confidentiality as between client and professional legal adviser in proceedings in the Court of Session.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/160/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/160/3" id="section-160-3"><Pnumber>3</Pnumber><P2para><Text>Where original documents are supplied in pursuance of this section,  <Substitution ChangeId="key-65533983bd7bd68325a6301500dc764a-1565000915922" CommentaryRef="key-65533983bd7bd68325a6301500dc764a">the recognised body</Substitution>  shall return them forthwith after the completion of the relevant default proceedings, and shall in the meantime allow reasonable access to them to the person by whom they were supplied and to any person who would be entitled to have access to them if they were still in the control of the person by whom they were supplied.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/160/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/160/4" id="section-160-4"><Pnumber>4</Pnumber><P2para><Text>The expenses of a relevant office-holder in giving assistance under this section are recoverable as part of the expenses incurred by him in the discharge of his duties; and he shall not be required under this section to take any action which involves expenses which cannot be so recovered, unless  <Substitution ChangeId="key-1f5b4e362e17e8008770ed068c868ee9-1565000934920" CommentaryRef="key-1f5b4e362e17e8008770ed068c868ee9">the recognised body</Substitution>  undertakes to meet them.</Text></P2para></P2><BlockText><Para><Text>There shall be treated as expenses of his such reasonable sums as he may determine in respect of time spent in giving the assistance <Addition ChangeId="d29p9056" CommentaryRef="c13693961">and for the purpose of determining the priority in which his expenses are payable out of the assets, sums in respect of time spent shall be treated as his remuneration and other sums shall be treated as his disbursements or, in Scotland, outlays.</Addition></Text></Para></BlockText><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/160/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/160/5" id="section-160-5"><Pnumber><CommentaryRef Ref="c13693971"/>5</Pnumber><P2para><Text>The Secretary of State may by regulations make further provision as to the duties of persons to give assistance to  <Substitution ChangeId="key-d42897f44d76f065b98fad3a416be3c7-1565000890699" CommentaryRef="key-d42897f44d76f065b98fad3a416be3c7">a recognised body</Substitution>  for the purposes of its default proceedings, and the duties of  <Substitution ChangeId="key-e8ccce58843d2e91b2e9b0aebfa42490-1565000952404" CommentaryRef="key-e8ccce58843d2e91b2e9b0aebfa42490">the recognised body</Substitution>  with respect to information supplied to it.</Text></P2para></P2><BlockText><Para><Text>The regulations may add to, amend or repeal the provisions of subsections (1) to (4) above.</Text></Para></BlockText><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/160/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/160/6" id="section-160-6"><Pnumber>6</Pnumber><P2para><Text>In this section “<Term id="term-document">document</Term>” includes information recorded in any form.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2017-11-28"><Title> Supplementary provisions as to default proceedings.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/161" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/161" id="section-161"><Pnumber><CommentaryRef Ref="c13694061"/><CommentaryRef Ref="c13694071"/>161</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/161/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/161/1" id="section-161-1"><Pnumber>1</Pnumber><P2para><Text>If the court is satisfied on an application by a relevant office-holder that a party to a market contract with a defaulter intends to dissipate or apply his assets so as to prevent the office-holder recovering such sums as may become due upon the completion of the default proceedings, the court may grant such interlocutory relief (in Scotland, such interim order) as it thinks fit.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/161/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/161/2" id="section-161-2"><Pnumber>2</Pnumber><P2para><Text>A liquidator<Addition ChangeId="key-496a79ab6617d7cac86746f6b026db75-1539101248479" CommentaryRef="key-496a79ab6617d7cac86746f6b026db75">, administrator</Addition>  or trustee of a defaulter or, in Scotland, a  <Substitution ChangeId="key-1d35934676a9e836fc316b48b5d38152-1564743345845" CommentaryRef="key-1d35934676a9e836fc316b48b5d38152">trustee in the sequestration of the</Substitution>  estate of the defaulter shall not—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/161/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/161/2/a" id="section-161-2-a"><Pnumber>a</Pnumber><P3para><Text>declare or pay any dividend to the creditors, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/161/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/161/2/b" id="section-161-2-b"><Pnumber>b</Pnumber><P3para><Text>return any capital to contributories,</Text></P3para></P3><Text>unless he has retained what he reasonably considers to be an adequate reserve in respect of any claims arising as a result of the default proceedings of  <Substitution ChangeId="key-8d8f1b750f9a3a5cca7df7fc6d01eb2c-1565001206315" CommentaryRef="key-8d8f1b750f9a3a5cca7df7fc6d01eb2c">the recognised body</Substitution>  concerned.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/161/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/161/3" id="section-161-3"><Pnumber>3</Pnumber><P2para><Text>The court may on an application by a relevant office-holder make such order as it thinks fit altering or dispensing from compliance with such of the duties of his office as are affected by the fact that default proceedings are pending or could be taken, or have been or could have been taken.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/161/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/161/4" id="section-161-4" RestrictStartDate="2009-06-15"><Pnumber><CommentaryRef Ref="key-aff84a4c13dd2980d2897edd205ea5d4"/>4</Pnumber><P2para><Text>Nothing in <Addition ChangeId="d29p9127" CommentaryRef="c13694081">section 126, 128, 130, 185 or 285 of, or paragraph </Addition><Addition ChangeId="d29p9127" CommentaryRef="c13694081"><Addition ChangeId="key-48b8863ee92d6473b8c87618680727dd-1539101101573" CommentaryRef="key-48b8863ee92d6473b8c87618680727dd">40, 41,</Addition></Addition><Addition ChangeId="d29p9127" CommentaryRef="c13694081">  42 or 43 (</Addition><Addition ChangeId="d29p9127" CommentaryRef="c13694081"><Substitution ChangeId="key-685d546f443fc7f894d97dde5c816d5f-1539101173116" CommentaryRef="key-685d546f443fc7f894d97dde5c816d5f">including those paragraphs as applied by paragraph 44</Substitution></Addition><Addition ChangeId="d29p9127" CommentaryRef="c13694081">) of Schedule B1 to, the Insolvency Act 1986</Addition>

					(which restrict the taking of certain legal proceedings and other steps), and nothing in any rule of law in Scotland to the like effect as the said section 285, in the Bankruptcy (Scotland) Act <CommentaryRef Ref="c13694101"/> <Substitution ChangeId="key-cc391362296dece96c684abe304d2eda-1564743288976" CommentaryRef="key-cc391362296dece96c684abe304d2eda">2016</Substitution>  or in the Debtors (Scotland) Act <CommentaryRef Ref="c13694111"/> as to the effect of sequestration, shall affect any action taken by  <Substitution ChangeId="key-2d52443ea18d174b5b4a2fa1e396ae18-1565001180843" CommentaryRef="key-2d52443ea18d174b5b4a2fa1e396ae18">a recognised body</Substitution>  for the purpose of its default proceedings.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2017-11-28"><Title> Duty to report on completion of default procedings.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/162" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162" id="section-162"><Pnumber><CommentaryRef Ref="c13694161"/><CommentaryRef Ref="c13694171"/>162</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/162/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/1" id="section-162-1"><Pnumber>1</Pnumber><P2para><Text><CommentaryRef Ref="c13694181"/>Subject to subsection (1A), <Substitution ChangeId="key-5933c391955dccf925c6ed3d53057b75-1565001397818" CommentaryRef="key-5933c391955dccf925c6ed3d53057b75">a recognised body</Substitution>  shall, on the completion of proceedings under its default rules, report to the  <Substitution ChangeId="key-75a877dd34ce3152baa91abe0e88d70b-1561382250153" CommentaryRef="key-75a877dd34ce3152baa91abe0e88d70b">appropriate regulator</Substitution>  on its proceedings stating in respect of each creditor or debtor the sum <Addition ChangeId="key-f168ce23750b102074b362f8961219a2-1561382197742" CommentaryRef="key-f168ce23750b102074b362f8961219a2">or sums</Addition>  certified by them to be payable from or to the defaulter or, as the case may be, the fact that no sum is payable.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/162/1A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/1A" id="section-162-1A"><Pnumber><CommentaryRef Ref="c13694201"/>1A</Pnumber><P2para><Text>A recognised overseas investment exchange or recognised overseas clearing house shall not be subject to the obligation under subsection (1) unless it has been notified by the  <Substitution ChangeId="key-96043bd3612cae17ab04fe0ae53f0cf6-1561382286018" CommentaryRef="key-96043bd3612cae17ab04fe0ae53f0cf6">appropriate regulator</Substitution>  that a report is required for the purpose of insolvency proceedings in any part of the United Kingdom.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/162/1B" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/1B" id="section-162-1B"><Pnumber><Addition ChangeId="key-e46e6171c5762608f3a69a0f16eb8440-1561382068495" CommentaryRef="key-e46e6171c5762608f3a69a0f16eb8440">1B</Addition></Pnumber><P2para><Text><Addition ChangeId="key-e46e6171c5762608f3a69a0f16eb8440-1561382068495" CommentaryRef="key-e46e6171c5762608f3a69a0f16eb8440">The report under subsection (1) need not deal with a clearing member client contract which has been transferred in accordance with the default rules of a recognised central counterparty.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/162/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/2" id="section-162-2"><Pnumber>2</Pnumber><P2para><Text> <Substitution ChangeId="key-218aeda4c39e7cbcbc5e86d5fa7a2a1d-1565001423550" CommentaryRef="key-218aeda4c39e7cbcbc5e86d5fa7a2a1d">The recognised body</Substitution>  may make a single report or may make reports from time to time as proceedings are completed with respect to the transactions affecting particular persons.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/162/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/3" id="section-162-3"><Pnumber>3</Pnumber><P2para><Text> <Substitution ChangeId="key-cfe8e3037f29f566e3c46729b9e15fd8-1565001440323" CommentaryRef="key-cfe8e3037f29f566e3c46729b9e15fd8">The recognised body</Substitution>  shall apply a copy of every report under this section to the defaulter and to any relevant office-holder acting in relation to him or to his estate.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/162/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/4" id="section-162-4"><Pnumber>4</Pnumber><P2para><Text>When a report under this section is received by the  <Addition ChangeId="M_F_47da8f3c-015e-4ad2-c133-00c480c27376-1561910970559" CommentaryRef="c13694221"><Substitution ChangeId="key-86bcb1008d2250128a3fe8b067b3031f-1561382380379" CommentaryRef="key-86bcb1008d2250128a3fe8b067b3031f">appropriate regulator</Substitution></Addition><Addition ChangeId="M_F_47da8f3c-015e-4ad2-c133-00c480c27376-1561910970559" CommentaryRef="c13694221">, it</Addition> shall publish notice of that fact in such manner as <Addition ChangeId="d29p9190" CommentaryRef="c13694231">it</Addition> thinks appropriate for bringing <Addition ChangeId="d29p9194" CommentaryRef="c13694241">the report</Addition> to the attention of creditors and debtors of the defaulter.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/162/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/5" id="section-162-5"><Pnumber>5</Pnumber><P2para><Text> <Substitution ChangeId="key-da65dfcd393a8cbfc205f492fec8224d-1565001469226" CommentaryRef="key-da65dfcd393a8cbfc205f492fec8224d">A recognised body</Substitution>  shall make available for inspection by a creditor or debtor of the defaulter so much of any report by it under this section as relates to the sum (if any) certified to be due or from him or to the method by which that sum was determined.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/162/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/6" id="section-162-6"><Pnumber>6</Pnumber><P2para><Text>Any such person may require  <Substitution ChangeId="key-0a7fb8e1d086d0b57c3989c746af1654-1565001490897" CommentaryRef="key-0a7fb8e1d086d0b57c3989c746af1654">the recognised body</Substitution>, on payment of such reasonable fee as  <Substitution ChangeId="key-0a7fb8e1d086d0b57c3989c746af1654-1565001506272" CommentaryRef="key-0a7fb8e1d086d0b57c3989c746af1654">the recognised body</Substitution>  may determine, to provide him with a copy of any part of a report which he is entitled to inspect.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/162/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/7" id="section-162-7"><Pnumber><Addition ChangeId="key-600b04f29e6988b4c02feb6612a4ef7b-1561382143123" CommentaryRef="key-600b04f29e6988b4c02feb6612a4ef7b">7</Addition></Pnumber><P2para><Text><Addition ChangeId="key-600b04f29e6988b4c02feb6612a4ef7b-1561382143123" CommentaryRef="key-600b04f29e6988b4c02feb6612a4ef7b">“The appropriate regulator”—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/162/7/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/7/a" id="section-162-7-a"><Pnumber><Addition ChangeId="key-600b04f29e6988b4c02feb6612a4ef7b-1561382143123" CommentaryRef="key-600b04f29e6988b4c02feb6612a4ef7b">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-600b04f29e6988b4c02feb6612a4ef7b-1561382143123" CommentaryRef="key-600b04f29e6988b4c02feb6612a4ef7b">in relation to a recognised investment exchange or a recognised overseas investment exchange, means the FCA, and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/162/7/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/7/b" id="section-162-7-b"><Pnumber><Addition ChangeId="key-600b04f29e6988b4c02feb6612a4ef7b-1561382143123" CommentaryRef="key-600b04f29e6988b4c02feb6612a4ef7b">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-600b04f29e6988b4c02feb6612a4ef7b-1561382143123" CommentaryRef="key-600b04f29e6988b4c02feb6612a4ef7b">in relation to a  </Addition><Addition ChangeId="key-600b04f29e6988b4c02feb6612a4ef7b-1561382143123" CommentaryRef="key-600b04f29e6988b4c02feb6612a4ef7b"><Addition ChangeId="key-3eb6bb103a07e7a0fbd538b189f7906a-1565001535354" CommentaryRef="key-3eb6bb103a07e7a0fbd538b189f7906a">recognised CSD, a</Addition></Addition><Addition ChangeId="key-600b04f29e6988b4c02feb6612a4ef7b-1561382143123" CommentaryRef="key-600b04f29e6988b4c02feb6612a4ef7b"> recognised clearing house or a recognised overseas clearing house, means the Bank of England.</Addition></Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2017-11-28"><Title> Net sum payable on completion of default proceedings.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163" id="section-163"><Pnumber><CommentaryRef Ref="c13694281"/><CommentaryRef Ref="c13694291"/>163</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163/1" id="section-163-1"><Pnumber><Substitution ChangeId="key-204881c6ff612b869822e29458d900df-1561216846688" CommentaryRef="key-204881c6ff612b869822e29458d900df">1</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-204881c6ff612b869822e29458d900df-1561216846688" CommentaryRef="key-204881c6ff612b869822e29458d900df">The following provisions apply with respect to a net sum certified by  </Substitution><Substitution ChangeId="key-204881c6ff612b869822e29458d900df-1561216846688" CommentaryRef="key-204881c6ff612b869822e29458d900df"><Substitution ChangeId="key-6bcb16465918635ae4b892a02cb50293-1565002295449" CommentaryRef="key-6bcb16465918635ae4b892a02cb50293">a recognised body</Substitution></Substitution><Substitution ChangeId="key-204881c6ff612b869822e29458d900df-1561216846688" CommentaryRef="key-204881c6ff612b869822e29458d900df">  under its default rules to be payable by or to a defaulter.</Substitution></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163/2" id="section-163-2"><Pnumber>2</Pnumber><P2para><Text>If, in England and Wales, a bankruptcy<Substitution ChangeId="key-0a37d1b9bde11b6a8a38df1442b99eaf-1538745775533" CommentaryRef="key-0a37d1b9bde11b6a8a38df1442b99eaf">, winding-up or administration order has been made</Substitution>, or a resolution for voluntary winding-up has been passed, the debt—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163/2/a" id="section-163-2-a"><Pnumber>a</Pnumber><P3para><Text>is provable in the bankruptcy<Substitution ChangeId="key-53528dfb099842cd1f802166b7699a75-1538745934902" CommentaryRef="key-53528dfb099842cd1f802166b7699a75">, winding up or administration</Substitution>  or, as the case may be, is payable to the relevant office-holder, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163/2/b" id="section-163-2-b"><Pnumber>b</Pnumber><P3para><Text>shall be taken into account, where appropriate, under section 323 of the Insolvency Act <CommentaryRef Ref="c13694301"/>1986 (mutual dealings and set-off) or the corresponding provision applicable in the case of winding up <Addition ChangeId="key-3c6067099cec75c3aef87cbff0c1eb27-1538745963618" CommentaryRef="key-3c6067099cec75c3aef87cbff0c1eb27">or administration</Addition>,</Text></P3para></P3><Text>in the same way as a debt before the commencement of the bankruptcy, the date on which the body corporate goes into liquidation (within the meaning of section 247 of the Insolvency Act 1986)<Addition ChangeId="key-687927a80001b33961bdb17c9e4f18cd-1538745820980" CommentaryRef="key-687927a80001b33961bdb17c9e4f18cd">, or enters administration</Addition>  or, in the case of a partnership, the date of the winding-up order <Addition ChangeId="key-52564c2e9b0a710c321e6c575a70abbe-1538745864972" CommentaryRef="key-52564c2e9b0a710c321e6c575a70abbe">or the date on which the partnership enters administration</Addition>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163/3" id="section-163-3"><Pnumber>3</Pnumber><P2para><Text>If, in Scotland, an award of  sequestration or a winding-up <Substitution ChangeId="key-f6f91394d1d7c76944bf45333640972e-1538746158779" CommentaryRef="key-f6f91394d1d7c76944bf45333640972e">or administration</Substitution>  order has been made, or a resolution for voluntary winding up has been passed, the debt—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163/3/a" id="section-163-3-a"><Pnumber>a</Pnumber><P3para><Text>may be claimed in the sequestration<Substitution ChangeId="key-f97bf23057607883e49f0ea2dd523f72-1538746278102" CommentaryRef="key-f97bf23057607883e49f0ea2dd523f72">, winding up or administration</Substitution>  or, as the case may be, is payable to the relevant office-holder, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163/3/b" id="section-163-3-b"><Pnumber>b</Pnumber><P3para><Text>shall be taken into account for the purposes of any rule of law relating to set-off applicable in sequestration<Substitution ChangeId="key-27180f7248a4fd21274a062dfad950b8-1538746307062" CommentaryRef="key-27180f7248a4fd21274a062dfad950b8">, winding up or administration</Substitution>,</Text></P3para></P3><Text>in the same way as a debt due before the date of sequestration (within the meaning of section  <Substitution ChangeId="key-2950ffdb9b4c46b139d37f68f9c01bde-1564743606045" CommentaryRef="key-2950ffdb9b4c46b139d37f68f9c01bde">22(7) of the Bankruptcy (Scotland) Act 2016</Substitution> ) or the commencement of the winding up  (within the meaning of section 129 of the Insolvency Act 1986) <Substitution ChangeId="key-c22679b922f71b217fe6fbaf39efb24f-1538746214825" CommentaryRef="key-c22679b922f71b217fe6fbaf39efb24f">or the date on which the body corporate enters administration</Substitution>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163/3A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163/3A" id="section-163-3A"><Pnumber><Addition ChangeId="key-2a49c5200da605445dab1b57d05bfc15-1538745701059" CommentaryRef="key-2a49c5200da605445dab1b57d05bfc15">3A</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2a49c5200da605445dab1b57d05bfc15-1538745701059" CommentaryRef="key-2a49c5200da605445dab1b57d05bfc15">In subsections (2) and (3), a reference to the making of an administration order shall be taken to include a reference to the appointment of an administrator under—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163/3A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163/3A/a" id="section-163-3A-a"><Pnumber><Addition ChangeId="key-2a49c5200da605445dab1b57d05bfc15-1538745701059" CommentaryRef="key-2a49c5200da605445dab1b57d05bfc15">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2a49c5200da605445dab1b57d05bfc15-1538745701059" CommentaryRef="key-2a49c5200da605445dab1b57d05bfc15">paragraph 14 of Schedule B1 to the Insolvency Act 1986 (appointment by holder of qualifying floating charge); or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163/3A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163/3A/b" id="section-163-3A-b"><Pnumber><Addition ChangeId="key-2a49c5200da605445dab1b57d05bfc15-1538745701059" CommentaryRef="key-2a49c5200da605445dab1b57d05bfc15">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2a49c5200da605445dab1b57d05bfc15-1538745701059" CommentaryRef="key-2a49c5200da605445dab1b57d05bfc15">paragraph 22 of that Schedule (appointment by company or directors).</Addition>  </Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163/4" id="section-163-4"><Pnumber><CommentaryRef Ref="c13694321"/>4</Pnumber><P2para><Text>However, where (or to the extent that) a sum is taken into account by virtue of subsection (2)(b) or (3)(b) which arises from a contract entered into at a time when the creditor had notice—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163/4/a" id="section-163-4-a"><Pnumber>a</Pnumber><P3para><Text>that  <Addition ChangeId="key-376b718f6068829b985d36a54819e48a-1564741080579" CommentaryRef="key-376b718f6068829b985d36a54819e48a">a bankruptcy application or</Addition> a bankruptcy petition or, in Scotland, a petition for sequestration was pending, <CommentaryRef Ref="key-51954f0e444ce770eb8804a5930d3040"/>...</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163/4/b" id="section-163-4-b"><Pnumber>b</Pnumber><P3para><Text>that  <Substitution ChangeId="key-9b699dc4baaa18de56caae6f54413074-1564751724331" CommentaryRef="key-9b699dc4baaa18de56caae6f54413074">a statement as to the affairs of the company had been made out and sent under section 99</Substitution>  of the Insolvency Act <CommentaryRef Ref="c13694331"/>1986 or that a winding-up petition was pending, <Addition ChangeId="key-8d475a2fd78b95fccbb0cc74e214cb94-1538746451956" CommentaryRef="key-8d475a2fd78b95fccbb0cc74e214cb94">or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163/4/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163/4/c" id="section-163-4-c"><Pnumber><Addition ChangeId="key-6e2e4c36521827eee85d7f6c27ef59bc-1538746489347" CommentaryRef="key-6e2e4c36521827eee85d7f6c27ef59bc">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-6e2e4c36521827eee85d7f6c27ef59bc-1538746489347" CommentaryRef="key-6e2e4c36521827eee85d7f6c27ef59bc">that an application for an administration order was pending or that any person had given notice of intention to appoint an administrator,</Addition></Text></P3para></P3><Text>the value of any profit to him arising from the sum being so taken into account (or being so taken into account to that extent) is recoverable from him by the relevant office-holder unless the court directs otherwise.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163/5" id="section-163-5"><Pnumber><CommentaryRef Ref="c13694321"/>5</Pnumber><P2para><Text>Subsection (4) does not apply in relation to a sum arising from a contract effected under the default rules of  <Substitution ChangeId="key-e64321e449cd3c06cf0fb22af35d1524-1565002310876" CommentaryRef="key-e64321e449cd3c06cf0fb22af35d1524">a recognised body</Substitution>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/163/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/163/6" id="section-163-6"><Pnumber><CommentaryRef Ref="c13694321"/>6</Pnumber><P2para><Text>Any sum recoverable by virtue of subsection (4) ranks for priority, in the event of the insolvency of the person from whom it is due, immediately before preferential or, in Scotland, preferred debts.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2017-11-28"><Title> Disclaimer of property, rescission of contracts, &amp;c.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164" id="section-164"><Pnumber><CommentaryRef Ref="c13694371"/><CommentaryRef Ref="c13694381"/>164</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/1" id="section-164-1"><Pnumber>1</Pnumber><P2para><Text>Sections 178, 186, 315 and 345 of the Insolvency Act 1986 (power to disclaim onerous property and court’s power to order rescission of contracts, &amp;c.) do not apply in relation to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/1/a" id="section-164-1-a"><Pnumber>a</Pnumber><P3para><Text>a market contract, <CommentaryRef Ref="key-996a2103c8ff2c6c0f8a293a7c997c4c"/>...</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/1/aa" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/1/aa" id="section-164-1-aa"><Pnumber><Addition ChangeId="key-4d4024f9649c9d573ee75d00113d6230-1561384288151" CommentaryRef="key-4d4024f9649c9d573ee75d00113d6230">aa</Addition></Pnumber><P3para><Text><Addition ChangeId="key-4d4024f9649c9d573ee75d00113d6230-1561384288151" CommentaryRef="key-4d4024f9649c9d573ee75d00113d6230">a qualifying collateral arrangement,</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/1/ab" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/1/ab" id="section-164-1-ab"><Pnumber><Addition ChangeId="key-4d4024f9649c9d573ee75d00113d6230-1561384288151" CommentaryRef="key-4d4024f9649c9d573ee75d00113d6230">ab</Addition></Pnumber><P3para><Text><Addition ChangeId="key-4d4024f9649c9d573ee75d00113d6230-1561384288151" CommentaryRef="key-4d4024f9649c9d573ee75d00113d6230">a transfer of a clearing member client contract, a client trade or a qualifying collateral arrangement, as mentioned in paragraphs (c) to (e) of section 158(1),</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/1/ac" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/1/ac" id="section-164-1-ac"><Pnumber><Addition ChangeId="key-4d4024f9649c9d573ee75d00113d6230-1561384288151" CommentaryRef="key-4d4024f9649c9d573ee75d00113d6230">ac</Addition></Pnumber><P3para><Text><Addition ChangeId="key-4d4024f9649c9d573ee75d00113d6230-1561384288151" CommentaryRef="key-4d4024f9649c9d573ee75d00113d6230">a qualifying property transfer, or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/1/b" id="section-164-1-b"><Pnumber>b</Pnumber><P3para><Text>a contract effected by  <Substitution ChangeId="key-885c4f16489ad26276837172bdcbef00-1565002663863" CommentaryRef="key-885c4f16489ad26276837172bdcbef00">the recognised body</Substitution>  for the purpose of realising property provided as margin in relation to market contracts <Addition ChangeId="key-71cbad394c25f8f09815cedc545b9418-1538751812008" CommentaryRef="key-71cbad394c25f8f09815cedc545b9418">or as default fund contribution</Addition>.</Text></P3para></P3><Text>In the application of this subsection in Scotland, the reference to sections 178, 315 and 345 shall be construed as a reference to any rule of law having the like effect as those sections.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/2" id="section-164-2"><Pnumber>2</Pnumber><P2para><Text>In Scotland, a  <Substitution ChangeId="key-f0c5073740777dbc7196fcbc23bc060e-1564743911472" CommentaryRef="key-f0c5073740777dbc7196fcbc23bc060e">trustee in the sequestration of the</Substitution>  estate of a defaulter or a liquidator is bound by any market contract to which that defaulter is a party and by any contract as is mentioned in subsection (1)(b) above notwithstanding section <Substitution ChangeId="key-685e94a73ca92b68f3aadc0d3a647aa2-1564743977623" CommentaryRef="key-685e94a73ca92b68f3aadc0d3a647aa2">110 of the Bankruptcy (Scotland) Act 2016</Substitution>  or any rule of law to the like effect applying in liquidations.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/3" id="section-164-3"><Pnumber>3</Pnumber><P2para><Text>Sections 127 and 284 of the Insolvency Act 1986 (avoidance of property dispositions effected after commencement of winding up  <Addition ChangeId="key-1adae6038e8b7db4b8d60b4f533f276b-1564741267023" CommentaryRef="key-1adae6038e8b7db4b8d60b4f533f276b">, submission of bankruptcy application or</Addition>  or presentation of bankruptcy petition), and section  <Substitution ChangeId="key-0699603355300fe8015d923edb332c02-1564743837351" CommentaryRef="key-0699603355300fe8015d923edb332c02">87(4) of the Bankruptcy (Scotland) Act 2016</Substitution>  (effect of dealing with debtor relating to estate vested in <CommentaryRef Ref="key-0af27816240a23e8b29fe2c510b311f2"/>... trustee), do not apply to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/3/a" id="section-164-3-a"><Pnumber>a</Pnumber><P3para><Text>a market contract, or any disposition of property in pursuance of such a contract,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/3/b" id="section-164-3-b"><Pnumber>b</Pnumber><P3para><Text>the provision of margin in relation to market contracts,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/3/ba" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/3/ba" id="section-164-3-ba"><Pnumber><Addition ChangeId="key-727692a06c7a78db7c8dff6b4b558125-1538751838530" CommentaryRef="key-727692a06c7a78db7c8dff6b4b558125">ba</Addition></Pnumber><P3para><Text><Addition ChangeId="key-727692a06c7a78db7c8dff6b4b558125-1538751838530" CommentaryRef="key-727692a06c7a78db7c8dff6b4b558125">the provision of default fund contribution to  </Addition><Addition ChangeId="key-727692a06c7a78db7c8dff6b4b558125-1538751838530" CommentaryRef="key-727692a06c7a78db7c8dff6b4b558125"><Substitution ChangeId="key-a4ab7ea03ec5d6ee196bd730b18b0051-1565002706673" CommentaryRef="key-a4ab7ea03ec5d6ee196bd730b18b0051">the recognised body</Substitution></Addition><Addition ChangeId="key-727692a06c7a78db7c8dff6b4b558125-1538751838530" CommentaryRef="key-727692a06c7a78db7c8dff6b4b558125">,</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/3/bb" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/3/bb" id="section-164-3-bb"><Pnumber><Addition ChangeId="key-1c7c47ae5d5b5b2bfbcecc0474ed3dd5-1561384347849" CommentaryRef="key-1c7c47ae5d5b5b2bfbcecc0474ed3dd5">bb</Addition></Pnumber><P3para><Text><Addition ChangeId="key-1c7c47ae5d5b5b2bfbcecc0474ed3dd5-1561384347849" CommentaryRef="key-1c7c47ae5d5b5b2bfbcecc0474ed3dd5">a qualifying collateral arrangement,</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/3/bc" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/3/bc" id="section-164-3-bc"><Pnumber><Addition ChangeId="key-1c7c47ae5d5b5b2bfbcecc0474ed3dd5-1561384347849" CommentaryRef="key-1c7c47ae5d5b5b2bfbcecc0474ed3dd5">bc</Addition></Pnumber><P3para><Text><Addition ChangeId="key-1c7c47ae5d5b5b2bfbcecc0474ed3dd5-1561384347849" CommentaryRef="key-1c7c47ae5d5b5b2bfbcecc0474ed3dd5">a transfer of a clearing member client contract, a client trade or a qualifying collateral arrangement, as mentioned in paragraphs (c) to (e) of section 158(1),</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/3/bd" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/3/bd" id="section-164-3-bd"><Pnumber><Addition ChangeId="key-1c7c47ae5d5b5b2bfbcecc0474ed3dd5-1561384347849" CommentaryRef="key-1c7c47ae5d5b5b2bfbcecc0474ed3dd5">bd</Addition></Pnumber><P3para><Text><Addition ChangeId="key-1c7c47ae5d5b5b2bfbcecc0474ed3dd5-1561384347849" CommentaryRef="key-1c7c47ae5d5b5b2bfbcecc0474ed3dd5">a qualifying property transfer</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/3/c" id="section-164-3-c"><Pnumber>c</Pnumber><P3para><Text>a contract effected by  <Substitution ChangeId="key-a4ab7ea03ec5d6ee196bd730b18b0051-1565002725944" CommentaryRef="key-a4ab7ea03ec5d6ee196bd730b18b0051">the recognised body</Substitution>  for the purpose of realising property provided as margin in relation to a market contract <Addition ChangeId="key-0c252a3b83e056d4fcf7ef84b418f131-1538751872534" CommentaryRef="key-0c252a3b83e056d4fcf7ef84b418f131">or as default fund contribution</Addition>, or any disposition of property in pursuance of such a contract, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/3/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/3/d" id="section-164-3-d"><Pnumber>d</Pnumber><P3para><Text>any disposition of property in accordance with the rules of  <Substitution ChangeId="key-a4ab7ea03ec5d6ee196bd730b18b0051-1565002764146" CommentaryRef="key-a4ab7ea03ec5d6ee196bd730b18b0051">the recognised body</Substitution>  as to the application of property provided as margin <Addition ChangeId="key-65cdd9faeabbb5f1a55c6a52a2cae746-1538751903450" CommentaryRef="key-65cdd9faeabbb5f1a55c6a52a2cae746">or as default fund contribution</Addition>.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/4" id="section-164-4"><Pnumber><CommentaryRef Ref="c13694401"/>4</Pnumber><P2para><Text>However, where—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/4/a" id="section-164-4-a"><Pnumber>a</Pnumber><P3para><Text>a market contract is entered into by a person who has notice that  <Addition ChangeId="key-8783950c5e20eedb791805cea287ecff-1564741381592" CommentaryRef="key-8783950c5e20eedb791805cea287ecff">a bankruptcy application has been submitted or</Addition> a petition has been presented for the winding up or bankruptcy or sequestration of the estate of the other party to the contract, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/4/b" id="section-164-4-b"><Pnumber>b</Pnumber><P3para><Text>margin in relation to a market contract <Addition ChangeId="key-4ec8ab90e9f069ac74e4c208e4ed6069-1538751944710" CommentaryRef="key-4ec8ab90e9f069ac74e4c208e4ed6069">or default fund contribution</Addition>  is accepted by a person who has notice that  <Substitution ChangeId="key-a15a7a9ecaf8b5b5971b96606af90a0b-1564741429024" CommentaryRef="key-a15a7a9ecaf8b5b5971b96606af90a0b">such an application has been made or petition presented</Substitution>  in relation to the person by whom or on whose behalf the margin <Addition ChangeId="key-469d1a0433c3449bc46e8d2af37ca0c0-1538751980863" CommentaryRef="key-469d1a0433c3449bc46e8d2af37ca0c0">or default fund contribution</Addition>  is provided,</Text></P3para></P3><Text>the value of any profit to him arising from the contract or, as the case may be, the amount or value of the margin <Addition ChangeId="key-469d1a0433c3449bc46e8d2af37ca0c0-1538752024801" CommentaryRef="key-469d1a0433c3449bc46e8d2af37ca0c0">or default fund contribution</Addition>  is recoverable from him by the relevant office-holder unless the court directs otherwise.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/5" id="section-164-5"><Pnumber><CommentaryRef Ref="c13694401"/><Substitution ChangeId="key-6d040bea31151f279a4858f05948fd7e-1561384444832" CommentaryRef="key-6d040bea31151f279a4858f05948fd7e">5</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-6d040bea31151f279a4858f05948fd7e-1561384444832" CommentaryRef="key-6d040bea31151f279a4858f05948fd7e">Subsection (4)(a) does not apply where the person entering into the contract is  </Substitution><Substitution ChangeId="key-6d040bea31151f279a4858f05948fd7e-1561384444832" CommentaryRef="key-6d040bea31151f279a4858f05948fd7e"><Substitution ChangeId="key-6dde7ece13b76342b19ad5a31151e4b5-1565002794554" CommentaryRef="key-6dde7ece13b76342b19ad5a31151e4b5">a recognised body</Substitution></Substitution><Substitution ChangeId="key-6d040bea31151f279a4858f05948fd7e-1561384444832" CommentaryRef="key-6d040bea31151f279a4858f05948fd7e">  acting in accordance with its rules, or where the contract is effected under the default rules of such  </Substitution><Substitution ChangeId="key-6d040bea31151f279a4858f05948fd7e-1561384444832" CommentaryRef="key-6d040bea31151f279a4858f05948fd7e"><Substitution ChangeId="key-a4ffd9c34dddb50babfe7bf66d166005-1565002822468" CommentaryRef="key-a4ffd9c34dddb50babfe7bf66d166005">a recognised body</Substitution></Substitution><Substitution ChangeId="key-6d040bea31151f279a4858f05948fd7e-1561384444832" CommentaryRef="key-6d040bea31151f279a4858f05948fd7e">; but subsection (4)(b) applies in relation to the provision of—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/5/a" id="section-164-5-a"><Pnumber><Substitution ChangeId="key-6d040bea31151f279a4858f05948fd7e-1561384444832" CommentaryRef="key-6d040bea31151f279a4858f05948fd7e">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-6d040bea31151f279a4858f05948fd7e-1561384444832" CommentaryRef="key-6d040bea31151f279a4858f05948fd7e">margin in relation to any such contract, unless the contract has been transferred in accordance with the default rules of the central counterparty, or</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/5/b" id="section-164-5-b"><Pnumber><Substitution ChangeId="key-6d040bea31151f279a4858f05948fd7e-1561384444832" CommentaryRef="key-6d040bea31151f279a4858f05948fd7e">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-6d040bea31151f279a4858f05948fd7e-1561384444832" CommentaryRef="key-6d040bea31151f279a4858f05948fd7e">default fund contribution.</Substitution></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/164/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/164/6" id="section-164-6"><Pnumber><CommentaryRef Ref="c13694401"/>6</Pnumber><P2para><Text>Any sum recoverable by virtue of subsection (4) ranks for priority, in the event of the insolvency of the person from whom it is due, immediately before preferential or, in Scotland, preferred debts.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2017-11-28"><Title> Adjustment of prior transactions.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165" id="section-165"><Pnumber><CommentaryRef Ref="c13694441"/>165</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/1" id="section-165-1"><Pnumber>1</Pnumber><P2para><Text>No order shall be made in relation to a transaction to which this section applies under—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/1/a" id="section-165-1-a"><Pnumber>a</Pnumber><P3para><Text>section 238 or 339 of the Insolvency Act 1986 (transactions at an under-value),</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/1/b" id="section-165-1-b"><Pnumber>b</Pnumber><P3para><Text>section 239 or 340 of that Act (preferences), or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/1/c" id="section-165-1-c"><Pnumber>c</Pnumber><P3para><Text>section 423 of that Act (transactions defrauding creditors).</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/2" id="section-165-2"><Pnumber>2</Pnumber><P2para><Text>As respects Scotland, no decree shall be granted in relation to any such transaction—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/2/a" id="section-165-2-a"><Pnumber>a</Pnumber><P3para><Text>under section <Substitution ChangeId="key-6d11dbf64b58bba89c05b1f03d315f10-1564744225968" CommentaryRef="key-6d11dbf64b58bba89c05b1f03d315f10">98 or 99 of the Bankruptcy (Scotland) Act 2016</Substitution>  or section 242 or 243 of the Insolvency Act 1986 (gratuitous alienations and unfair preferences), or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/2/b" id="section-165-2-b"><Pnumber>b</Pnumber><P3para><Text>at common law on grounds of gratuitous alienations or fraudulent preferences.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/3" id="section-165-3"><Pnumber>3</Pnumber><P2para><Text>This section applies to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/3/a" id="section-165-3-a"><Pnumber>a</Pnumber><P3para><Text>a market contract to which a  <Substitution ChangeId="key-1cd9129e8584ab459e0ed44c6d3df00c-1565003172101" CommentaryRef="key-1cd9129e8584ab459e0ed44c6d3df00c">recognised body</Substitution>  is a party or which is entered into under its default rules, <CommentaryRef Ref="key-4f0ce2ab8548488ad064f569158d8862"/>...</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/3/b" id="section-165-3-b"><Pnumber><Substitution ChangeId="key-78fa396083928985e9ba16ca929210f8-1561376309264" CommentaryRef="key-78fa396083928985e9ba16ca929210f8">ab</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-78fa396083928985e9ba16ca929210f8-1561376309264" CommentaryRef="key-78fa396083928985e9ba16ca929210f8">a market contract to which this Part applies by virtue of section 155(2B), and</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/3/bn1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/3/bn1" id="section-165-3-bn1"><Pnumber><Substitution ChangeId="key-78fa396083928985e9ba16ca929210f8-1561376309264" CommentaryRef="key-78fa396083928985e9ba16ca929210f8">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-78fa396083928985e9ba16ca929210f8-1561376309264" CommentaryRef="key-78fa396083928985e9ba16ca929210f8">a disposition of property in pursuance of a market contract referred to in paragraph (a) or (ab).</Substitution></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/4" id="section-165-4"><Pnumber>4</Pnumber><P2para><Text>Where margin is provided in relation to a market contract and (by virtue of subsection (3)(a)<Addition ChangeId="key-2114d342ed9ae6b88546d688b442c786-1561376124281" CommentaryRef="key-2114d342ed9ae6b88546d688b442c786">, (3)(ab)</Addition>  or otherwise) no such order or decree as is mentioned in subsection (1) or (2) has been, or could be, made in relation to that contract, this section applies to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/4/a" id="section-165-4-a"><Pnumber>a</Pnumber><P3para><Text>the provision of the margin,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/4/ab" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/4/ab" id="section-165-4-ab"><Pnumber><Addition ChangeId="key-7b53689ea058b2fcec2b0a46d9566d24-1561376198773" CommentaryRef="key-7b53689ea058b2fcec2b0a46d9566d24">ab</Addition></Pnumber><P3para><Text><Addition ChangeId="key-7b53689ea058b2fcec2b0a46d9566d24-1561376198773" CommentaryRef="key-7b53689ea058b2fcec2b0a46d9566d24">a qualifying collateral arrangement,</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/4/b" id="section-165-4-b"><Pnumber>b</Pnumber><P3para><Text>any contract effected by  <Substitution ChangeId="key-a56816b4b3e0776a60b300f68ffd0dd8-1565003106317" CommentaryRef="key-a56816b4b3e0776a60b300f68ffd0dd8">the recognised body</Substitution>  in question for the purpose of realising the property provided as margin, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/4/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/4/c" id="section-165-4-c"><Pnumber>c</Pnumber><P3para><Text>any disposition of property in accordance with the rules of  <Substitution ChangeId="key-3a97c422d0954e366ed6d9daf813d16a-1565003133145" CommentaryRef="key-3a97c422d0954e366ed6d9daf813d16a">the recognised body</Substitution>  <Addition ChangeId="key-a5d2baa8c0f6e37fb6154aa8099a6c71-1538752468042" CommentaryRef="key-a5d2baa8c0f6e37fb6154aa8099a6c71">in question</Addition>  as to the application of property provided as margin.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/5" id="section-165-5"><Pnumber><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156">5</Addition></Pnumber><P2para><Text><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156">This section also applies to—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/5/a" id="section-165-5-a"><Pnumber><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156">the provision of default fund contribution to a  </Addition><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156"><Substitution ChangeId="key-41670748abbbf904aa5b3b22f37cb0aa-1565003202276" CommentaryRef="key-41670748abbbf904aa5b3b22f37cb0aa">recognised body</Substitution></Addition><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156">,</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/5/b" id="section-165-5-b"><Pnumber><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156">any contract effected by a  </Addition><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156"><Substitution ChangeId="key-4b155cbe108ab3bfa86446fbcc147d16-1565003241699" CommentaryRef="key-4b155cbe108ab3bfa86446fbcc147d16">recognised body</Substitution></Addition><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156">  for the purpose of realising the property provided as default fund contribution, </Addition><CommentaryRef Ref="key-fa3bf498bdd0444986a749611fd6fb84"/><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156">...</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/5/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/5/c" id="section-165-5-c"><Pnumber><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156">any disposition of property in accordance with the rules of the  </Addition><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156"><Substitution ChangeId="key-4a9171cc10675c791753ac023aacc98c-1565003265455" CommentaryRef="key-4a9171cc10675c791753ac023aacc98c">recognised body</Substitution></Addition><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156">  as to the application of property provided as default fund  </Addition><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156"><Substitution ChangeId="key-5991cfbed06fd21dbd72d59ba2f8bffa-1561376468789" CommentaryRef="key-5991cfbed06fd21dbd72d59ba2f8bffa">contribution,</Substitution></Addition> </Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/5/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/5/d" id="section-165-5-d"><Pnumber><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156"><Addition ChangeId="key-51b9f59610aecd11eda84200d33d7b43-1561376237846" CommentaryRef="key-51b9f59610aecd11eda84200d33d7b43">d</Addition></Addition></Pnumber><P3para><Text><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156"><Addition ChangeId="key-51b9f59610aecd11eda84200d33d7b43-1561376237846" CommentaryRef="key-51b9f59610aecd11eda84200d33d7b43">a transfer of a clearing member client contract, a client trade or a qualifying collateral arrangement as mentioned in paragraphs (c) to (e) of section 158(1), and</Addition></Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/165/5/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/5/e" id="section-165-5-e"><Pnumber><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156"><Addition ChangeId="key-51b9f59610aecd11eda84200d33d7b43-1561376237846" CommentaryRef="key-51b9f59610aecd11eda84200d33d7b43">e</Addition></Addition></Pnumber><P3para><Text><Addition ChangeId="key-fa2e349a6217b5f2f4baffc5a79d1156-1538752426495" CommentaryRef="key-fa2e349a6217b5f2f4baffc5a79d1156"><Addition ChangeId="key-51b9f59610aecd11eda84200d33d7b43-1561376237846" CommentaryRef="key-51b9f59610aecd11eda84200d33d7b43">a qualifying property transfer.</Addition></Addition></Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2023-12-31"><Title> Powers <CommentaryRef Ref="key-5cdfc215b493ac8fa31fd023d6b6de8b"/>... to give directions.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166" id="section-166"><Pnumber><CommentaryRef Ref="c13694491"/><CommentaryRef Ref="key-f9885405b64a7f193b112e8e403d408b"/>166</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/1" id="section-166-1"><Pnumber>1</Pnumber><P2para><Text>The powers conferred by this section are exercisable in relation to a recognised UK investment exchange or  <Substitution ChangeId="key-8693f4126ef048df7e3bfc57321d0254-1561224849175" CommentaryRef="key-8693f4126ef048df7e3bfc57321d0254">recognised clearing house</Substitution>  <Addition ChangeId="key-9e5c9dbf4bf73c3bfb04f9fb9bd51779-1565003807637" CommentaryRef="key-9e5c9dbf4bf73c3bfb04f9fb9bd51779">or recognised CSD</Addition>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/2" id="section-166-2"><Pnumber>2</Pnumber><P2para><Text>Where in any case  <Substitution ChangeId="key-68781f6e4f735605c5aecdaf706b4516-1565003572456" CommentaryRef="key-68781f6e4f735605c5aecdaf706b4516">a recognised body</Substitution>  has not taken action under its default rules—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/2/a" id="section-166-2-a"><Pnumber>a</Pnumber><P3para><Text>if it appears to the  <Substitution ChangeId="key-14696e66705586d3891a06a5be5b49c0-1561222576436" CommentaryRef="key-14696e66705586d3891a06a5be5b49c0">appropriate regulator</Substitution>  that it could take action, <Addition ChangeId="d29p9537" CommentaryRef="c13694511">the </Addition><Addition ChangeId="d29p9537" CommentaryRef="c13694511"><Substitution ChangeId="key-a4397d5bf694b40cd63198b2f17a2afb-1561222665091" CommentaryRef="key-a4397d5bf694b40cd63198b2f17a2afb">regulator</Substitution></Addition>  may direct it to do so, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/2/b" id="section-166-2-b"><Pnumber>b</Pnumber><P3para><Text>if it appears to the  <Substitution ChangeId="key-0e3208affe3264943889362367440ab4-1561222808658" CommentaryRef="key-0e3208affe3264943889362367440ab4">appropriate regulator</Substitution>  that it is proposing to take or may take action, <Addition ChangeId="c13694511-1562160294308" CommentaryRef="c13694511">the </Addition><Addition ChangeId="c13694511-1562160294308" CommentaryRef="c13694511"><Substitution ChangeId="key-82a8a7cbf9f00bc803a1a44e94d6d7a9-1561222877673" CommentaryRef="key-82a8a7cbf9f00bc803a1a44e94d6d7a9">regulator</Substitution></Addition>  may direct it not to do so.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3" id="section-166-3"><Pnumber>3</Pnumber><P2para><Text>Before giving such a direction the  <Substitution ChangeId="key-1ba97aac205211258c38da05009d5c46-1561223781134" CommentaryRef="key-1ba97aac205211258c38da05009d5c46">appropriate regulator</Substitution>  shall consult the  <Substitution ChangeId="key-99450e8e76c032d6e9a1ca425a9a8147-1565003663245" CommentaryRef="key-99450e8e76c032d6e9a1ca425a9a8147">recognised body</Substitution>  in question; and <Addition ChangeId="d29p9565" CommentaryRef="c13694551">it</Addition> shall not give a direction unless <Addition ChangeId="d29p9569" CommentaryRef="c13694551">it</Addition> is satisfied, in the light of that consultation—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3/a" id="section-166-3-a"><Pnumber>a</Pnumber><P3para><Text>in the case of a direction to take action, that failure to take action would involve undue risk to investors or other participants in the market, <CommentaryRef Ref="key-a5603b30d22601ba60e48baea121f995"/>...</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3/b" id="section-166-3-b"><Pnumber>b</Pnumber><P3para><Text>in the case of a direction not to take action, that the taking of action would be premature or otherwise undesirable in the interests of investors or other participants in the market,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3/c" id="section-166-3-c"><Pnumber><Addition ChangeId="key-d5112472526a59c987e5c81c25bc37ca-1561224030140" CommentaryRef="key-d5112472526a59c987e5c81c25bc37ca">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d5112472526a59c987e5c81c25bc37ca-1561224030140" CommentaryRef="key-d5112472526a59c987e5c81c25bc37ca">in either case, that the direction is necessary having regard to the public interest in the stability of the financial system of the United Kingdom, or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/3/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3/d" id="section-166-3-d"><Pnumber><Addition ChangeId="key-d5112472526a59c987e5c81c25bc37ca-1561224030140" CommentaryRef="key-d5112472526a59c987e5c81c25bc37ca">d</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d5112472526a59c987e5c81c25bc37ca-1561224030140" CommentaryRef="key-d5112472526a59c987e5c81c25bc37ca">in either case, that the direction is necessary—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/3/d/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3/d/i" id="section-166-3-d-i"><Pnumber><Addition ChangeId="key-d5112472526a59c987e5c81c25bc37ca-1561224030140" CommentaryRef="key-d5112472526a59c987e5c81c25bc37ca">i</Addition></Pnumber><P4para><Text><Addition ChangeId="key-d5112472526a59c987e5c81c25bc37ca-1561224030140" CommentaryRef="key-d5112472526a59c987e5c81c25bc37ca">to facilitate a proposed or possible use of a power under Part 1 of the Banking Act 2009 (special resolution regime) </Addition><Addition ChangeId="key-d5112472526a59c987e5c81c25bc37ca-1561224030140" CommentaryRef="key-d5112472526a59c987e5c81c25bc37ca"><Addition ChangeId="key-943c4021f9fb18227978d0338fe19767-1706703712077" CommentaryRef="key-943c4021f9fb18227978d0338fe19767">or Schedule 11 to the Financial Services and Markets Act 2023 (central counterparties)</Addition></Addition><Addition ChangeId="key-d5112472526a59c987e5c81c25bc37ca-1561224030140" CommentaryRef="key-d5112472526a59c987e5c81c25bc37ca">, or</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/3/d/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3/d/ii" id="section-166-3-d-ii"><Pnumber><Addition ChangeId="key-d5112472526a59c987e5c81c25bc37ca-1561224030140" CommentaryRef="key-d5112472526a59c987e5c81c25bc37ca">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-d5112472526a59c987e5c81c25bc37ca-1561224030140" CommentaryRef="key-d5112472526a59c987e5c81c25bc37ca">in connection with a particular exercise of a power under that Part </Addition><Addition ChangeId="key-d5112472526a59c987e5c81c25bc37ca-1561224030140" CommentaryRef="key-d5112472526a59c987e5c81c25bc37ca"><Addition ChangeId="key-5eaec9d09c04071d5912b2d6b4fdc1b0-1706703774531" CommentaryRef="key-5eaec9d09c04071d5912b2d6b4fdc1b0">or that Schedule</Addition></Addition><Addition ChangeId="key-d5112472526a59c987e5c81c25bc37ca-1561224030140" CommentaryRef="key-d5112472526a59c987e5c81c25bc37ca">.</Addition></Text></P4para></P4></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/3A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3A" id="section-166-3A"><Pnumber><Addition ChangeId="key-159cf2633fd7085e61ef866df944f08f-1561221416151" CommentaryRef="key-159cf2633fd7085e61ef866df944f08f">3A</Addition></Pnumber><P2para><Text><Addition ChangeId="key-159cf2633fd7085e61ef866df944f08f-1561221416151" CommentaryRef="key-159cf2633fd7085e61ef866df944f08f">The appropriate regulator may give a direction to a relevant office-holder appointed in respect of a defaulting clearing member to take any action, or refrain from taking any action, if the direction is given for the purposes of facilitating—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/3A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3A/a" id="section-166-3A-a"><Pnumber><Addition ChangeId="key-159cf2633fd7085e61ef866df944f08f-1561221416151" CommentaryRef="key-159cf2633fd7085e61ef866df944f08f">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-159cf2633fd7085e61ef866df944f08f-1561221416151" CommentaryRef="key-159cf2633fd7085e61ef866df944f08f">the transfer of a clearing member client contract, a client trade or a qualifying collateral arrangement, or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/3A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3A/b" id="section-166-3A-b"><Pnumber><Addition ChangeId="key-159cf2633fd7085e61ef866df944f08f-1561221416151" CommentaryRef="key-159cf2633fd7085e61ef866df944f08f">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-159cf2633fd7085e61ef866df944f08f-1561221416151" CommentaryRef="key-159cf2633fd7085e61ef866df944f08f">a qualifying property transfer.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/3B" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3B" id="section-166-3B"><Pnumber><Addition ChangeId="key-159cf2633fd7085e61ef866df944f08f-1561221416151" CommentaryRef="key-159cf2633fd7085e61ef866df944f08f">3B</Addition></Pnumber><P2para><Text><Addition ChangeId="key-159cf2633fd7085e61ef866df944f08f-1561221416151" CommentaryRef="key-159cf2633fd7085e61ef866df944f08f">The relevant office-holder to whom a direction is given under subsection (3A)—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/3B/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3B/a" id="section-166-3B-a"><Pnumber><Addition ChangeId="key-159cf2633fd7085e61ef866df944f08f-1561221416151" CommentaryRef="key-159cf2633fd7085e61ef866df944f08f">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-159cf2633fd7085e61ef866df944f08f-1561221416151" CommentaryRef="key-159cf2633fd7085e61ef866df944f08f">must comply with the direction notwithstanding any duty on the relevant office-holder under any enactment relating to insolvency, but</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/3B/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3B/b" id="section-166-3B-b"><Pnumber><Addition ChangeId="key-159cf2633fd7085e61ef866df944f08f-1561221416151" CommentaryRef="key-159cf2633fd7085e61ef866df944f08f">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-159cf2633fd7085e61ef866df944f08f-1561221416151" CommentaryRef="key-159cf2633fd7085e61ef866df944f08f">is not required to comply with the direction given if the value of the clearing member’s estate is unlikely to be sufficient to meet the office-holder’s reasonable expenses of complying.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/3C" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3C" id="section-166-3C"><Pnumber><Addition ChangeId="key-159cf2633fd7085e61ef866df944f08f-1561221416151" CommentaryRef="key-159cf2633fd7085e61ef866df944f08f">3C</Addition></Pnumber><P2para><Text><Addition ChangeId="key-159cf2633fd7085e61ef866df944f08f-1561221416151" CommentaryRef="key-159cf2633fd7085e61ef866df944f08f">The expenses of the relevant office-holder in complying with a direction of the regulator under subsection (3A) are recoverable as part of the expenses incurred in the discharge of the office-holder’s duties.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/4" id="section-166-4"><Pnumber>4</Pnumber><P2para><Text>A direction shall specify the grounds on which it is given.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/5" id="section-166-5"><Pnumber>5</Pnumber><P2para><Text>A direction not to take action may be expressed to have effect until the giving of a further direction (which may be a direction to take action or simply revoking the earlier direction).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/6" id="section-166-6"><Pnumber>6</Pnumber><P2para><Text>No direction shall be given not to take action if, in relation to the person in question—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/6/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/6/a" id="section-166-6-a"><Pnumber>a</Pnumber><P3para><Text>a bankruptcy order or an award of sequestration of his estate has been made, or an interim receiver or interim trustee has been appointed, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/6/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/6/b" id="section-166-6-b"><Pnumber>b</Pnumber><P3para><Text>a winding up order has been made, a resolution for voluntary winding up has been passed or an administrator, administrative receiver or provisional liquidator has been appointed;</Text></P3para></P3><Text>and any previous direction not to take action shall cease to have effect on the making or passing of any such order, award or appointment.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/7" id="section-166-7"><Pnumber>7</Pnumber><P2para><Text>Where  <Substitution ChangeId="key-0de62d805892d68ce1f87aebc7c0e1eb-1565003616538" CommentaryRef="key-0de62d805892d68ce1f87aebc7c0e1eb">a recognised body</Substitution>  has taken or been directed to take action under its default rules, the  <Substitution ChangeId="key-e048567d0136378cc4a9e578e9e972eb-1561224102853" CommentaryRef="key-e048567d0136378cc4a9e578e9e972eb">appropriate regulator</Substitution>  may direct it to do or not to do such things (being things which it has power to do under its default rules) as are specified in the direction.</Text></P2para><P2para><Text><CommentaryRef Ref="key-2005f8ccc1feda88913c7b78589eadd0"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/7A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/7A" id="section-166-7A"><Pnumber><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">7A</Addition></Pnumber><P2para><Text><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">Where the  </Addition><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89"><Substitution ChangeId="key-d852778ddf3e19438b99912ceb77a5bd-1565003683708" CommentaryRef="key-d852778ddf3e19438b99912ceb77a5bd">recognised body</Substitution></Addition><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">  is acting in accordance with a direction under subsection (2)(a) that was given only by virtue of paragraph (a) of subsection (3), the appropriate regulator shall not give a direction under subsection (7) unless it is satisfied that the direction under that subsection will not impede or frustrate the proper and efficient conduct of the default proceedings.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/7B" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/7B" id="section-166-7B"><Pnumber><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">7B</Addition></Pnumber><P2para><Text><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">Where the  </Addition><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89"><Substitution ChangeId="key-d605fc5b431a3bd617b0f76aaecbb959-1565003711421" CommentaryRef="key-d605fc5b431a3bd617b0f76aaecbb959">recognised body</Substitution></Addition><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">  has taken action under its default rules without being directed to do so, the appropriate regulator shall not give a direction under subsection (7) unless—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/7B/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/7B/a" id="section-166-7B-a"><Pnumber><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">it is satisfied that the direction under that subsection will not impede or frustrate the proper and efficient conduct of the default proceedings, or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/7B/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/7B/b" id="section-166-7B-b"><Pnumber><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">it is satisfied that the direction is necessary—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/7B/b/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/7B/b/i" id="section-166-7B-b-i"><Pnumber><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">i</Addition></Pnumber><P4para><Text><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">having regard to the public interest in the stability of the financial system of the United Kingdom,</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/7B/b/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/7B/b/ii" id="section-166-7B-b-ii"><Pnumber><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">to facilitate a proposed or possible use of a power under Part 1 of the Banking Act 2009 (special resolution regime) </Addition><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89"><Addition ChangeId="key-7a468f49953fe2642b01f77923923439-1706703823885" CommentaryRef="key-7a468f49953fe2642b01f77923923439">or Schedule 11 to the Financial Services and Markets Act 2023 (central counterparties)</Addition></Addition><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">, or</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/7B/b/iii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/7B/b/iii" id="section-166-7B-b-iii"><Pnumber><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">iii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">in connection with a particular exercise of a power under that Part </Addition><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89"><Addition ChangeId="key-3e6c0ead7df7fc2a956a29af5c7e3bfc-1706703898546" CommentaryRef="key-3e6c0ead7df7fc2a956a29af5c7e3bfc">or that Schedule</Addition></Addition><Addition ChangeId="key-632c776592626c3fc03aabdbcf58af89-1561221540608" CommentaryRef="key-632c776592626c3fc03aabdbcf58af89">.</Addition></Text></P4para></P4></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/8" id="section-166-8"><Pnumber>8</Pnumber><P2para><Text>A direction under this section is enforceable, on the application of the  <Substitution ChangeId="key-937fafa670427dc749fd106b9f778a88-1561224612679" CommentaryRef="key-937fafa670427dc749fd106b9f778a88">regulator which gave the direction</Substitution>, by injunction or, in Scotland, by an order under section 45 of the <CommentaryRef Ref="c13694611"/>Court of Session Act 1988; and where  <Substitution ChangeId="key-f102fd38da7ba9b4efed02d5a26c77a9-1565003766816" CommentaryRef="key-f102fd38da7ba9b4efed02d5a26c77a9">a recognised body</Substitution>  <Substitution ChangeId="key-c6eca56a177f32d0187cfb270e39cd00-1561224493339" CommentaryRef="key-c6eca56a177f32d0187cfb270e39cd00">or a relevant office-holder</Substitution>  has not complied with a direction, the court may make such order as it thinks fit for restoring the position to what it would have been if the direction had been complied with.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/9" id="section-166-9"><Pnumber><Addition ChangeId="key-6e1c661d7358a3f86093218659885286-1561222509917" CommentaryRef="key-6e1c661d7358a3f86093218659885286">9</Addition></Pnumber><P2para><Text><Addition ChangeId="key-6e1c661d7358a3f86093218659885286-1561222509917" CommentaryRef="key-6e1c661d7358a3f86093218659885286">“The appropriate regulator”—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/9/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/9/a" id="section-166-9-a"><Pnumber><Addition ChangeId="key-6e1c661d7358a3f86093218659885286-1561222509917" CommentaryRef="key-6e1c661d7358a3f86093218659885286">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-6e1c661d7358a3f86093218659885286-1561222509917" CommentaryRef="key-6e1c661d7358a3f86093218659885286">in relation to a recognised </Addition><Addition ChangeId="key-6e1c661d7358a3f86093218659885286-1561222509917" CommentaryRef="key-6e1c661d7358a3f86093218659885286">UK</Addition><Addition ChangeId="key-6e1c661d7358a3f86093218659885286-1561222509917" CommentaryRef="key-6e1c661d7358a3f86093218659885286"> investment exchange, means the FCA, and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/166/9/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/9/b" id="section-166-9-b"><Pnumber><Addition ChangeId="key-6e1c661d7358a3f86093218659885286-1561222509917" CommentaryRef="key-6e1c661d7358a3f86093218659885286">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-6e1c661d7358a3f86093218659885286-1561222509917" CommentaryRef="key-6e1c661d7358a3f86093218659885286">in relation to a   </Addition><Addition ChangeId="key-6e1c661d7358a3f86093218659885286-1561222509917" CommentaryRef="key-6e1c661d7358a3f86093218659885286"><Addition ChangeId="key-76e3ee308d8158d0ffa154e0bd636d79-1565003885099" CommentaryRef="key-76e3ee308d8158d0ffa154e0bd636d79">recognised CSD, a</Addition></Addition> <Addition ChangeId="key-6e1c661d7358a3f86093218659885286-1561222509917" CommentaryRef="key-6e1c661d7358a3f86093218659885286"><Substitution ChangeId="key-665345ddc39a78900379e2d0f84e8006-1561224960403" CommentaryRef="key-665345ddc39a78900379e2d0f84e8006">recognised clearing house</Substitution></Addition>  <Addition ChangeId="key-6e1c661d7358a3f86093218659885286-1561222509917" CommentaryRef="key-6e1c661d7358a3f86093218659885286"><Addition ChangeId="key-2628caa73b724129a1550e3a3602719a-1564734789165" CommentaryRef="key-2628caa73b724129a1550e3a3602719a">or a defaulting clearing member</Addition></Addition><Addition ChangeId="key-6e1c661d7358a3f86093218659885286-1561222509917" CommentaryRef="key-6e1c661d7358a3f86093218659885286">, means the Bank of England.</Addition></Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2017-11-28"><Title> Application to determine whether default proceedings to be taken.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167" id="section-167"><Pnumber><CommentaryRef Ref="c13694761"/><CommentaryRef Ref="key-cc9d6c8460b8a687bddf8c618111101f"/>167</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/1" id="section-167-1"><Pnumber><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">1</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">This section applies where a relevant insolvency event has occurred in the case of—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/1/a" id="section-167-1-a"><Pnumber><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">a recognised investment exchange or a member or designated non-member of a recognised investment exchange,</Substitution><CommentaryRef Ref="key-8f3254f9c0244c0a3e884b4d4d05d0f4"/><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">...</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/1/b" id="section-167-1-b"><Pnumber><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">a recognised clearing house or a member of a recognised clearing house</Substitution><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c"><Addition ChangeId="key-d331ba20b8b1990bb236f5c4d0fa0ff6-1564734937869" CommentaryRef="key-d331ba20b8b1990bb236f5c4d0fa0ff6">, </Addition></Substitution><CommentaryRef Ref="key-e40fdbfa4b32bebcac514f857a3e9cda"/><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c"><Addition ChangeId="key-d331ba20b8b1990bb236f5c4d0fa0ff6-1564734937869" CommentaryRef="key-d331ba20b8b1990bb236f5c4d0fa0ff6">...</Addition></Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/1/ba" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/1/ba" id="section-167-1-ba"><Pnumber><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c"><Addition ChangeId="key-d331ba20b8b1990bb236f5c4d0fa0ff6-1564734937869" CommentaryRef="key-d331ba20b8b1990bb236f5c4d0fa0ff6"><Addition ChangeId="key-7edf4b92e2182071d717616334bcdf6c-1565174226793" CommentaryRef="key-7edf4b92e2182071d717616334bcdf6c">ba</Addition></Addition></Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c"><Addition ChangeId="key-d331ba20b8b1990bb236f5c4d0fa0ff6-1564734937869" CommentaryRef="key-d331ba20b8b1990bb236f5c4d0fa0ff6"><Addition ChangeId="key-7edf4b92e2182071d717616334bcdf6c-1565174226793" CommentaryRef="key-7edf4b92e2182071d717616334bcdf6c">a recognised CSD or a member of a recognised CSD, or</Addition></Addition></Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/1/c" id="section-167-1-c"><Pnumber><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c"><Addition ChangeId="key-d331ba20b8b1990bb236f5c4d0fa0ff6-1564734937869" CommentaryRef="key-d331ba20b8b1990bb236f5c4d0fa0ff6">c</Addition></Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c"><Addition ChangeId="key-d331ba20b8b1990bb236f5c4d0fa0ff6-1564734937869" CommentaryRef="key-d331ba20b8b1990bb236f5c4d0fa0ff6">a client which is providing indirect clearing services to an indirect client.</Addition></Substitution></Text></P3para></P3><Text> <Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c"><Substitution ChangeId="key-f9012cef8a054c5a34542dea9571e71e-1565174387741" CommentaryRef="key-f9012cef8a054c5a34542dea9571e71e">The person referred to in paragraphs (a) to (c)</Substitution></Substitution><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">   in whose case a relevant insolvency event has occurred is referred to below as “the person in default”.</Substitution></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/1A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/1A" id="section-167-1A"><Pnumber><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">1A</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">For the purposes of this section a “relevant insolvency event” occurs where—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/1A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/1A/a" id="section-167-1A-a"><Pnumber><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">a bankruptcy order is made,</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/1A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/1A/b" id="section-167-1A-b"><Pnumber><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">an award of sequestration is made,</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/1A/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/1A/c" id="section-167-1A-c"><Pnumber><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">c</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">an order appointing an interim receiver is made,</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/1A/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/1A/d" id="section-167-1A-d"><Pnumber><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">d</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">an administration or winding up order is made,</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/1A/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/1A/e" id="section-167-1A-e"><Pnumber><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">e</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">an administrator is appointed under paragraph 14 of Schedule B1 to the Insolvency Act 1986 (appointment by holder of qualifying floating charge) or under paragraph 22 of that Schedule (appointment by company or directors),</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/1A/f" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/1A/f" id="section-167-1A-f"><Pnumber><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">f</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">a resolution for voluntary winding up is passed, or</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/1A/g" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/1A/g" id="section-167-1A-g"><Pnumber><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">g</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">an order appointing a provisional liquidator is made.</Substitution></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/1B" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/1B" id="section-167-1B"><Pnumber><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">1B</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">Where in relation to a person in default  </Substitution><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c"><Substitution ChangeId="key-898b630501e82e9242db742bc65a96b1-1565174579287" CommentaryRef="key-898b630501e82e9242db742bc65a96b1">a recognised body</Substitution></Substitution><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">  (“</Substitution><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c"><Substitution ChangeId="key-80269b70a80d98a7e0fb8428f8189bba-1565174676762" CommentaryRef="key-80269b70a80d98a7e0fb8428f8189bba">the responsible recognised body</Substitution></Substitution><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">”)—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/1B/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/1B/a" id="section-167-1B-a"><Pnumber><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">has power under its default rules to take action in consequence of the relevant insolvency event or the matters giving rise to it, but</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/1B/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/1B/b" id="section-167-1B-b"><Pnumber><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">has not done so,</Substitution></Text></P3para></P3><Text><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">a relevant office-holder appointed in connection with or in consequence of the relevant insolvency event may apply to the  </Substitution><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c"><Substitution ChangeId="key-1b0b6c603989cf43bb90784a26efdd6e-1561305460697" CommentaryRef="key-1b0b6c603989cf43bb90784a26efdd6e">appropriate regulator</Substitution></Substitution><Substitution ChangeId="key-ecc692edbe0807968b85b32f3b30ae2c-1539099635484" CommentaryRef="key-ecc692edbe0807968b85b32f3b30ae2c">.</Substitution></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/2" id="section-167-2"><Pnumber>2</Pnumber><P2para><Text>The application shall specify   <Substitution ChangeId="key-51039c761230dd6eaf102baecd25787a-1565174937820" CommentaryRef="key-51039c761230dd6eaf102baecd25787a">the responsible recognised body</Substitution>   and the grounds on which it is made.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/3" id="section-167-3"><Pnumber>3</Pnumber><P2para><Text>On receipt of the application the  <Substitution ChangeId="key-2ca1b1547a1f61faed65d21bf1df00e8-1561305536856" CommentaryRef="key-2ca1b1547a1f61faed65d21bf1df00e8">appropriate regulator</Substitution>  shall notify   <Substitution ChangeId="key-f56eb9ca5b04ad67d88c9ab0fee21edf-1565174970245" CommentaryRef="key-f56eb9ca5b04ad67d88c9ab0fee21edf">the responsible recognised body</Substitution>, and unless within three business days after the day on which the notice is received   <Substitution ChangeId="key-f56eb9ca5b04ad67d88c9ab0fee21edf-1565174992727" CommentaryRef="key-f56eb9ca5b04ad67d88c9ab0fee21edf">the responsible recognised body</Substitution> —</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/3/a" id="section-167-3-a"><Pnumber>a</Pnumber><P3para><Text>takes action under its default rules, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/3/b" id="section-167-3-b"><Pnumber>b</Pnumber><P3para><Text>notifies the  <Substitution ChangeId="key-2ca1b1547a1f61faed65d21bf1df00e8-1561305593172" CommentaryRef="key-2ca1b1547a1f61faed65d21bf1df00e8">appropriate regulator</Substitution>  that it proposes to do so forthwith,</Text></P3para></P3><Text>then, subject as follows, the provisions of sections 158 to 165 above do not apply in relation to market contracts to which  <Substitution ChangeId="key-447cd7b52f344dc677820b1ff2e5c914-1539100181345" CommentaryRef="key-447cd7b52f344dc677820b1ff2e5c914">the person in default</Substitution>  is a party or to anything done by   <Substitution ChangeId="key-f56eb9ca5b04ad67d88c9ab0fee21edf-1565175054757" CommentaryRef="key-f56eb9ca5b04ad67d88c9ab0fee21edf">the responsible recognised body</Substitution>   for the purposes of, or in connection with, the settlement of any such contract.</Text></P2para><P2para><Text>For this purpose a “<Term id="term-business-day">business day</Term>” means any day which is not a Saturday or Sunday, Christmas Day, Good Friday or a bank holiday in any part of the United Kingdom under the <CommentaryRef Ref="c13694811"/>Banking and Financial Dealings Act 1971.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/4" id="section-167-4"><Pnumber>4</Pnumber><P2para><Text>The provisions of sections 158 to 165 are not disapplied if before the end of the period mentioned in subsection (3) the  <Substitution ChangeId="key-cdf7005d2e7b140d01e454ff3b78857a-1561305658214" CommentaryRef="key-cdf7005d2e7b140d01e454ff3b78857a">appropriate regulator</Substitution>  gives   <Substitution ChangeId="key-baef90725994d1a862015e16d7e6c9f6-1565175091677" CommentaryRef="key-baef90725994d1a862015e16d7e6c9f6">the responsible recognised body</Substitution>   a direction under section 166(2)(a)

					(direction to take action under default rules).</Text></P2para><P2para><Text>No such direction may be given after the end of that period.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/5" id="section-167-5"><Pnumber>5</Pnumber><P2para><Text>If   <Substitution ChangeId="key-f532f4f20c56410441ad4394a9b60aca-1565175181169" CommentaryRef="key-f532f4f20c56410441ad4394a9b60aca">the responsible recognised body</Substitution>   notifies the  <Substitution ChangeId="key-27580204aab098e0779e7ce46e6a601b-1561305832228" CommentaryRef="key-27580204aab098e0779e7ce46e6a601b">appropriate regulator</Substitution>  that it proposes to take action under its default rules forthwith, it shall do so; and that duty is enforceable, on the application of the  <Substitution ChangeId="key-27580204aab098e0779e7ce46e6a601b-1561305917406" CommentaryRef="key-27580204aab098e0779e7ce46e6a601b">appropriate regulator</Substitution>, by injunction or, in Scotland, by an order under section 45 of the <CommentaryRef Ref="c13694851"/>Court of Session Act 1988.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/6" id="section-167-6"><Pnumber><Substitution ChangeId="key-49123423d26aeda51e1f17932258eccf-1565175257605" CommentaryRef="key-49123423d26aeda51e1f17932258eccf">6</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-49123423d26aeda51e1f17932258eccf-1565175257605" CommentaryRef="key-49123423d26aeda51e1f17932258eccf">“The appropriate regulator”—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/6/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/6/a" id="section-167-6-a"><Pnumber><Substitution ChangeId="key-49123423d26aeda51e1f17932258eccf-1565175257605" CommentaryRef="key-49123423d26aeda51e1f17932258eccf">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-49123423d26aeda51e1f17932258eccf-1565175257605" CommentaryRef="key-49123423d26aeda51e1f17932258eccf">in relation to a recognised investment exchange, means the FCA, and</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/167/6/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/167/6/b" id="section-167-6-b"><Pnumber><Substitution ChangeId="key-49123423d26aeda51e1f17932258eccf-1565175257605" CommentaryRef="key-49123423d26aeda51e1f17932258eccf">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-49123423d26aeda51e1f17932258eccf-1565175257605" CommentaryRef="key-49123423d26aeda51e1f17932258eccf">in relation to a recognised clearing house or recognised CSD, means the Bank of England.</Substitution></Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/168" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/168" id="section-168"><Pnumber><CommentaryRef Ref="c13694901"/>168</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2017-11-28"><Title> Supplementary provisions.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/169" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/169" id="section-169"><Pnumber><CommentaryRef Ref="c13694951"/>169</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/169/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/169/1" id="section-169-1"><Pnumber><CommentaryRef Ref="c13694961"/>1</Pnumber><P2para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/169/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/169/2" id="section-169-2"><Pnumber>2</Pnumber><P2para><Text><Addition ChangeId="d29p9805" CommentaryRef="c13694971">Sections 296 and 297 of the Financial Services and Markets Act 2000 apply</Addition> in relation to a failure by a recognised investment exchange or recognised clearing house to comply with an obligation under this Part as to a failure to comply with an obligation under that Act.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/169/2A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/169/2A" id="section-169-2A"><Pnumber><Addition ChangeId="key-3235de8f3f0ac961f9f670babbeb7d93-1565004218973" CommentaryRef="key-3235de8f3f0ac961f9f670babbeb7d93">2A</Addition></Pnumber><P2para><Text><Addition ChangeId="key-3235de8f3f0ac961f9f670babbeb7d93-1565004218973" CommentaryRef="key-3235de8f3f0ac961f9f670babbeb7d93">Section 296 of the Financial Services and Markets Act 2000 applies in relation to a failure by a recognised CSD to comply with an obligation under this Part as to a failure to comply with an obligation under that Act.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/169/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/169/3" id="section-169-3"><Pnumber><CommentaryRef Ref="c13694981"/>3</Pnumber><P2para><Text>Where the recognition of  <Substitution ChangeId="key-d36ed9514bf7c79f20c76c3087e3b404-1565004359346" CommentaryRef="key-d36ed9514bf7c79f20c76c3087e3b404">an investment exchange, clearing house or central securities depository</Substitution>  is revoked under the <Addition ChangeId="d29p9816" CommentaryRef="c13694991">Financial Services and Markets Act 2000, the appropriate authority</Addition> may, before or after the revocation order, give such directions as <Addition ChangeId="d29p9820" CommentaryRef="c13695001">it</Addition> thinks fit with respect to the continued application of the provisions of this Part, with such exceptions, additions and adaptations as may be specified in the direction, in relation to cases where a relevant event of any description specified in the directions occurred before the revocation order takes effect.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/169/3A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/169/3A" id="section-169-3A"><Pnumber><Addition ChangeId="d29p9824" CommentaryRef="c13695011">3A</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p9824" CommentaryRef="c13695011">“The appropriate authority” means—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/169/3A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/169/3A/a" id="section-169-3A-a"><Pnumber><Addition ChangeId="d29p9824" CommentaryRef="c13695011">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p9824" CommentaryRef="c13695011">in the case of an overseas investment exchange or clearing house, the Treasury; </Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/169/3A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/169/3A/b" id="section-169-3A-b"><Pnumber><Addition ChangeId="d29p9824" CommentaryRef="c13695011"><Substitution ChangeId="key-88787b676b251c95a9dbcf1177be5ac8-1561306980294" CommentaryRef="key-88787b676b251c95a9dbcf1177be5ac8">b</Substitution></Addition></Pnumber><P3para><Text><Addition ChangeId="d29p9824" CommentaryRef="c13695011"><Substitution ChangeId="key-88787b676b251c95a9dbcf1177be5ac8-1561306980294" CommentaryRef="key-88787b676b251c95a9dbcf1177be5ac8">in the case of a </Substitution></Addition><Addition ChangeId="d29p9824" CommentaryRef="c13695011"><Substitution ChangeId="key-88787b676b251c95a9dbcf1177be5ac8-1561306980294" CommentaryRef="key-88787b676b251c95a9dbcf1177be5ac8">UK</Substitution></Addition><Addition ChangeId="d29p9824" CommentaryRef="c13695011"><Substitution ChangeId="key-88787b676b251c95a9dbcf1177be5ac8-1561306980294" CommentaryRef="key-88787b676b251c95a9dbcf1177be5ac8"> investment exchange, the FCA, </Substitution></Addition><CommentaryRef Ref="key-5bceb187491364cf113a3b2c046ed77b"/><Addition ChangeId="d29p9824" CommentaryRef="c13695011"><Substitution ChangeId="key-88787b676b251c95a9dbcf1177be5ac8-1561306980294" CommentaryRef="key-88787b676b251c95a9dbcf1177be5ac8">...</Substitution></Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/169/3A/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/169/3A/c" id="section-169-3A-c"><Pnumber><Addition ChangeId="d29p9824" CommentaryRef="c13695011"><Substitution ChangeId="key-88787b676b251c95a9dbcf1177be5ac8-1561306980294" CommentaryRef="key-88787b676b251c95a9dbcf1177be5ac8">c</Substitution></Addition></Pnumber><P3para><Text><Addition ChangeId="d29p9824" CommentaryRef="c13695011"><Substitution ChangeId="key-88787b676b251c95a9dbcf1177be5ac8-1561306980294" CommentaryRef="key-88787b676b251c95a9dbcf1177be5ac8">in the case of a </Substitution></Addition><Addition ChangeId="d29p9824" CommentaryRef="c13695011"><Substitution ChangeId="key-88787b676b251c95a9dbcf1177be5ac8-1561306980294" CommentaryRef="key-88787b676b251c95a9dbcf1177be5ac8">UK</Substitution></Addition><Addition ChangeId="d29p9824" CommentaryRef="c13695011"><Substitution ChangeId="key-88787b676b251c95a9dbcf1177be5ac8-1561306980294" CommentaryRef="key-88787b676b251c95a9dbcf1177be5ac8"> clearing house, the Bank of England</Substitution></Addition><Addition ChangeId="d29p9824" CommentaryRef="c13695011"><Addition ChangeId="key-b4a27917c133440207e71303c02fe9c4-1565004260490" CommentaryRef="key-b4a27917c133440207e71303c02fe9c4">, and</Addition></Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/169/3A/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/169/3A/d" id="section-169-3A-d"><Pnumber><Addition ChangeId="d29p9824" CommentaryRef="c13695011"><Addition ChangeId="key-b4a27917c133440207e71303c02fe9c4-1565004260490" CommentaryRef="key-b4a27917c133440207e71303c02fe9c4">d</Addition></Addition></Pnumber><P3para><Text><Addition ChangeId="d29p9824" CommentaryRef="c13695011"><Addition ChangeId="key-b4a27917c133440207e71303c02fe9c4-1565004260490" CommentaryRef="key-b4a27917c133440207e71303c02fe9c4">in the case of a central securities depository, the Bank of England.</Addition></Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/169/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/169/4" id="section-169-4"><Pnumber><CommentaryRef Ref="c13694961"/>4</Pnumber><P2para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/169/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/169/5" id="section-169-5"><Pnumber>5</Pnumber><P2para><Text><Addition ChangeId="d29p9856" CommentaryRef="c13695031">Regulations under section 414 of the Financial Services and Markets Act 2000 (service of notices) may make provision</Addition> in relation to a notice, direction or other document required or authorised by or under this Part to be given to or served on any person other than the <Addition ChangeId="d29p9860" CommentaryRef="c13695041">Treasury</Addition><Addition ChangeId="d29p9860" CommentaryRef="c13695041"><Substitution ChangeId="key-c508544e5b4a3ca26a12c04fe555a2b3-1561307182689" CommentaryRef="key-c508544e5b4a3ca26a12c04fe555a2b3">, the FCA or the Bank of England</Substitution></Addition>.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/VII/crossheading/other-exchanges-and-clearing-houses" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/VII/crossheading/other-exchanges-and-clearing-houses" NumberOfProvisions="7" id="part-VII-crossheading-other-exchanges-and-clearing-houses" RestrictExtent="E+W+S+N.I." RestrictStartDate="2020-12-31"><Title> Other exchanges and clearing houses</Title><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2009-06-15"><Title> Certain overseas exchanges and clearing houses.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170" id="section-170"><Pnumber><CommentaryRef Ref="c13695071"/><CommentaryRef Ref="c13695081"/>170</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170/1" id="section-170-1"><Pnumber><Substitution ChangeId="key-99a84bc2550f190cb3a772779d7ef0c5-1539106467692" CommentaryRef="key-99a84bc2550f190cb3a772779d7ef0c5">1</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-99a84bc2550f190cb3a772779d7ef0c5-1539106467692" CommentaryRef="key-99a84bc2550f190cb3a772779d7ef0c5">The Secretary of State and the Treasury may by regulations provide that this Part applies in relation to contracts connected with an overseas investment exchange or overseas clearing house which—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170/1/a" id="section-170-1-a"><Pnumber><Substitution ChangeId="key-99a84bc2550f190cb3a772779d7ef0c5-1539106467692" CommentaryRef="key-99a84bc2550f190cb3a772779d7ef0c5">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-99a84bc2550f190cb3a772779d7ef0c5-1539106467692" CommentaryRef="key-99a84bc2550f190cb3a772779d7ef0c5">is not a recognised investment exchange or recognised clearing house, but</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170/1/b" id="section-170-1-b"><Pnumber><Substitution ChangeId="key-99a84bc2550f190cb3a772779d7ef0c5-1539106467692" CommentaryRef="key-99a84bc2550f190cb3a772779d7ef0c5">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-99a84bc2550f190cb3a772779d7ef0c5-1539106467692" CommentaryRef="key-99a84bc2550f190cb3a772779d7ef0c5">is approved by the Treasury in accordance with such requirements as may be so specified,</Substitution></Text></P3para></P3><Text><Substitution ChangeId="key-99a84bc2550f190cb3a772779d7ef0c5-1539106467692" CommentaryRef="key-99a84bc2550f190cb3a772779d7ef0c5">as it applies in relation to contracts connected with a recognised investment exchange or recognised clearing house.</Substitution></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170/2" id="section-170-2"><Pnumber>2</Pnumber><P2para><Text>The <Addition ChangeId="d29p9898" CommentaryRef="c13695111">Treasury</Addition> shall not approve an overseas investment exchange or clearing house unless <Addition ChangeId="d29p9902" CommentaryRef="c13695121">they are</Addition> satisfied—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170/2/a" id="section-170-2-a"><Pnumber>a</Pnumber><P3para><Text>that the rules and practices of the body, together with the law of the country in which the body’s head office is situated, provide adequate procedures for dealing with the default of persons party to contracts connected with the body, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170/2/b" id="section-170-2-b"><Pnumber>b</Pnumber><P3para><Text>that it is otherwise appropriate to approve the body.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170/3" id="section-170-3"><Pnumber>3</Pnumber><P2para><Text>The reference in subsection (2)(a) to default is to a person being unable to meet his obligations.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170/4" id="section-170-4"><Pnumber>4</Pnumber><P2para><Text>The regulations may apply in relation to the approval of a body under this section such of the provisions of the <Addition ChangeId="d29p9930" CommentaryRef="c13695131">Financial Services and Markets Act 2000</Addition> as the Secretary of State considers appropriate.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170/5" id="section-170-5"><Pnumber>5</Pnumber><P2para><Text>The Secretary of State may make regulations which, in relation to a body which is so approved—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170/5/a" id="section-170-5-a"><Pnumber>a</Pnumber><P3para><Text>apply such of the provisions of the <Addition ChangeId="d29p9946" CommentaryRef="c13695131">Financial Services and Markets Act 2000</Addition> as the Secretary of State considers appropriate, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170/5/b" id="section-170-5-b"><Pnumber>b</Pnumber><P3para><Text>provide that the provisions of this Part apply with such exceptions, additions and adaptations as appear to the Secretary of State to be necessary or expedient;</Text></P3para></P3><Text>and different provision may be made with respect to different bodies or descriptions of body.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170/6" id="section-170-6"><Pnumber>6</Pnumber><P2para><Text>Where the regulations apply any provisions of the <Addition ChangeId="d29p9964" CommentaryRef="c13695131">Financial Services and Markets Act 2000</Addition>, they may provide that those provisions apply with such exceptions, additions and adaptations as appear to the Secretary of State to be necessary or expedient.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2020-12-31"><Title> <Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Substitution ChangeId="key-5fd2b750d35ea4041260549e27d109d0-1630666205162" CommentaryRef="key-5fd2b750d35ea4041260549e27d109d0">Third</Substitution></Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">  country central counterparties</Addition></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A" id="section-170A"><Pnumber PuncAfter="."><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">170A</Addition></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1" id="section-170A-1"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">1</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">In this section and section 170B—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1/a" id="section-170A-1-a"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">“assets” has the meaning given by Article 39(10) of the EMIR Level 1 Regulation;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1/b" id="section-170A-1-b"><Pnumber><CommentaryRef Ref="key-ad61dd28e3675dfa7364bc71e2a07ad5"/><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">b</Addition></Pnumber><P3para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1/c" id="section-170A-1-c"><Pnumber><CommentaryRef Ref="key-e55d4c16772fac9b7c6d7e4d0bf19c75"/><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">c</Addition></Pnumber><P3para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/1/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1/d" id="section-170A-1-d"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">d</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">“overseas competent authority” means a competent authority responsible for the authorisation or supervision of clearing houses or central counterparties in a country or territory other than the United Kingdom;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/1/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1/e" id="section-170A-1-e"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">e</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">“relevant provisions” means any provisions of the default rules of  </Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Substitution ChangeId="key-875c0fbdfb35fb35daf6d8d65d6dba3f-1630666858756" CommentaryRef="key-875c0fbdfb35fb35daf6d8d65d6dba3f">a</Substitution></Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">  third country central counterparty which—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/1/e/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1/e/i" id="section-170A-1-e-i"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">i</Addition></Pnumber><P4para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">provide for the transfer of the positions or assets of a defaulting clearing member;</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/1/e/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1/e/ii" id="section-170A-1-e-ii"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">are not necessary for the purposes of complying with the minimum requirements of Articles 48(5) and (6) of the EMIR Level 1 Regulation; and</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/1/e/iii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1/e/iii" id="section-170A-1-e-iii"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">iii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">may be relevant to a question falling to be determined in accordance with the law of a part of the United Kingdom;</Addition></Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/1/f" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1/f" id="section-170A-1-f"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">f</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">“relevant requirements” means the requirements specified in paragraph 34(2) (portability of accounts: default rules going beyond requirements of EMIR) of Part 6 of the Schedule to the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges  </Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Substitution ChangeId="key-88e1368a479cf239bc80fe0cb0096dbb-1565004586805" CommentaryRef="key-88e1368a479cf239bc80fe0cb0096dbb">, Clearing Houses and Central Securities Depositories</Substitution></Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">) Regulations 2001;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/1/g" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1/g" id="section-170A-1-g"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">g</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">“UK clearing member” means a clearing member to which the law of a part of the United Kingdom will apply for the purposes of an insolvent reorganisation or winding up</Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Addition ChangeId="key-54d0f372097659fa31ccbd6b9259d50d-1564735254826" CommentaryRef="key-54d0f372097659fa31ccbd6b9259d50d">, and</Addition></Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/1/h" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1/h" id="section-170A-1-h"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Addition ChangeId="key-54d0f372097659fa31ccbd6b9259d50d-1564735254826" CommentaryRef="key-54d0f372097659fa31ccbd6b9259d50d">h</Addition></Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Addition ChangeId="key-54d0f372097659fa31ccbd6b9259d50d-1564735254826" CommentaryRef="key-54d0f372097659fa31ccbd6b9259d50d">“</Addition></Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Addition ChangeId="key-54d0f372097659fa31ccbd6b9259d50d-1564735254826" CommentaryRef="key-54d0f372097659fa31ccbd6b9259d50d">UK</Addition></Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Addition ChangeId="key-54d0f372097659fa31ccbd6b9259d50d-1564735254826" CommentaryRef="key-54d0f372097659fa31ccbd6b9259d50d"> client” means a client—</Addition></Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/1/h/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1/h/i" id="section-170A-1-h-i"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Addition ChangeId="key-54d0f372097659fa31ccbd6b9259d50d-1564735254826" CommentaryRef="key-54d0f372097659fa31ccbd6b9259d50d">i</Addition></Addition></Pnumber><P4para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Addition ChangeId="key-54d0f372097659fa31ccbd6b9259d50d-1564735254826" CommentaryRef="key-54d0f372097659fa31ccbd6b9259d50d">which offers indirect clearing services, and</Addition></Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/1/h/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1/h/ii" id="section-170A-1-h-ii"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Addition ChangeId="key-54d0f372097659fa31ccbd6b9259d50d-1564735254826" CommentaryRef="key-54d0f372097659fa31ccbd6b9259d50d">ii</Addition></Addition></Pnumber><P4para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Addition ChangeId="key-54d0f372097659fa31ccbd6b9259d50d-1564735254826" CommentaryRef="key-54d0f372097659fa31ccbd6b9259d50d">to which the law of a part of the United Kingdom will apply for the purposes of an insolvent re-organisation or winding up.</Addition></Addition></Text></P4para></P4></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/2" id="section-170A-2"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">2</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">This Part applies to transactions cleared through </Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><CommentaryRef Ref="key-5473e2955470d201feaee65c1de30b0f"/>...</Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"> a third country central counterparty by a UK clearing member  </Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Addition ChangeId="key-790255105ee9b22de701b3bb14617c95-1564735310302" CommentaryRef="key-790255105ee9b22de701b3bb14617c95">or a </Addition></Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Addition ChangeId="key-790255105ee9b22de701b3bb14617c95-1564735310302" CommentaryRef="key-790255105ee9b22de701b3bb14617c95">UK</Addition></Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Addition ChangeId="key-790255105ee9b22de701b3bb14617c95-1564735310302" CommentaryRef="key-790255105ee9b22de701b3bb14617c95"> client</Addition></Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"> as it applies to transactions cleared through a recognised central counterparty, but subject to the modifications in subsections (3) to (5).</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/3" id="section-170A-3"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">3</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">For section 157 there is to be substituted—</Addition></Text><BlockAmendment Context="unknown" TargetClass="secondary" TargetSubClass="unknown" Format="double"><P1group><Title><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">Change in default rules</Addition></Title><P1><Pnumber PuncAfter="."><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">157</Addition></Pnumber><P1para><P2><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">1</Addition></Pnumber><P2para><Text> <Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Substitution ChangeId="key-012609e507b75712b41b148046fc8961-1630667389985" CommentaryRef="key-012609e507b75712b41b148046fc8961">A</Substitution></Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">  third country central counterparty in respect of which an order under section 170B(4) has been made and not revoked must give the Bank of England at least three months’ notice of any proposal to amend, revoke or add to its default rules.</Addition></Text></P2para></P2><P2><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">2</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">The Bank of England may, if it considers it appropriate to do so, agree a shorter period of notice.</Addition></Text></P2para></P2><P2><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">3</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">Where notice is given to the Bank of England under subsection (1)  </Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Substitution ChangeId="key-1e1eef9be90cf8aad8e6f1768830de2e-1630667426372" CommentaryRef="key-1e1eef9be90cf8aad8e6f1768830de2e">, a</Substitution></Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">  third country central counterparty must provide the Bank of England with such information, documents and reports as the Bank of England may require.</Addition></Text></P2para></P2><P2><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">4</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">Information, documents and reports required under subsection (3) must be provided in English and be given at such times, in such form and at such place, and verified in such a manner, as the Bank of England may direct.</Addition></Text></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">.</Addition></AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/4" id="section-170A-4"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">4</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">Section 162 does not apply to </Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><CommentaryRef Ref="key-66c85fe8cccf89707f20ecf08c03e147"/>...</Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"> a third country central counterparty unless it has been notified by the Bank of England that a report under that section is required for the purposes of insolvency proceedings in any part of the United Kingdom.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/5" id="section-170A-5"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">5</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">In relation to  </Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Substitution ChangeId="key-fc78c4b6ac2d07ffa99004e43110bb50-1630667507169" CommentaryRef="key-fc78c4b6ac2d07ffa99004e43110bb50">a</Substitution></Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">  third country central counterparty, references in this Part to the “rules” or “default rules” of the central counterparty are to be taken not to include references to any relevant provisions unless—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/5/a" id="section-170A-5-a"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">the relevant provisions satisfy the relevant requirements; or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170A/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/5/b" id="section-170A-5-b"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">the Bank of England has made an order under section 170B(4) recognising that the relevant provisions of its default rules satisfy the relevant requirements and the order has not been revoked.</Addition></Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group RestrictStartDate="2020-12-31"><Title> <Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Substitution ChangeId="key-94df648b6049719868967e04666b4f02-1630666256925" CommentaryRef="key-94df648b6049719868967e04666b4f02">Third</Substitution></Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">  country central counterparties: procedure</Addition></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B" id="section-170B"><Pnumber PuncAfter="."><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">170B</Addition></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/1" id="section-170B-1"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">1</Addition></Pnumber><P2para><Text> <Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35"><Substitution ChangeId="key-31e9377c3f686c01a8a4bd3ee0fa36f0-1630667947252" CommentaryRef="key-31e9377c3f686c01a8a4bd3ee0fa36f0">A</Substitution></Addition><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">  third country central counterparty may apply to the Bank of England for an order recognising that the relevant provisions of its default rules satisfy the relevant requirements.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/2" id="section-170B-2"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">2</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">The application must be made in such manner, and must be accompanied by such information, documents and reports, as the Bank of England may direct.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/3" id="section-170B-3"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">3</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">Information, documents and reports required under subsection (2) must be provided in English and be given at such times, in such form and at such place, and verified in such manner, as the Bank of England may direct.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/4" id="section-170B-4"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">4</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">The Bank of England may make an order recognising that the relevant provisions of the default rules satisfy the relevant requirements.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/5" id="section-170B-5"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">5</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">The Bank of England may by order revoke an order made under subsection (4) if—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/5/a" id="section-170B-5-a"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">the </Addition><CommentaryRef Ref="key-31867189881706fbc187489d4dc77502"/><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">... third country central counterparty consents;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/5/b" id="section-170B-5-b"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">the </Addition><CommentaryRef Ref="M_F_4944e813-a0dd-4f0f-d371-73e2f322e7dc"/><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">... third country central counterparty has failed to pay a fee which is owing to the Bank of England under paragraph 36 of Schedule 17A to the Financial Services and Markets Act 2000;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/5/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/5/c" id="section-170B-5-c"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">the </Addition><CommentaryRef Ref="M_F_5fbfd477-8ffa-4f85-a6ba-beade16a6dbb"/><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">... third country central counterparty is failing or has failed to comply with a requirement of or imposed under section 157 (as modified by section 170A(3)); or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/5/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/5/d" id="section-170B-5-d"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">d</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">it appears to the Bank of England that the relevant provisions no longer satisfy the relevant requirements.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/6" id="section-170B-6"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">6</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">An order made under subsection (4) or (5) must state the time and date when it is to have effect.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/7" id="section-170B-7"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">7</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">An order made under subsection (5) may contain such transitional provision as the Bank of England considers appropriate.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/8" id="section-170B-8"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">8</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">The Bank of England must—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/8/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/8/a" id="section-170B-8-a"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">maintain a register of orders made under subsection (4) which are in force; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/8/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/8/b" id="section-170B-8-b"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">publish the register in such manner as it appears to the Bank of England to be appropriate.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/9" id="section-170B-9"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">9</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">Section 298 of the Financial Services and Markets Act 2000 applies to a refusal to make an order under subsection (4) or the making of a revocation order under subsection (5)(b), (c) or (d) as it applies to the making of a revocation order under section 297(2) of the Financial Services and Markets Act 2000, but with the following modifications—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/9/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/9/a" id="section-170B-9-a"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">for “appropriate regulator” substitute “the Bank of England”;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/9/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/9/b" id="section-170B-9-b"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">for “recognised body” substitute “</Addition><CommentaryRef Ref="key-9cbc5ea0e7de3d92272074d4b3397a51"/><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">... third country central counterparty”; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/9/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/9/c" id="section-170B-9-c"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">in subsection (7), for “give a direction under section 296” substitute “make an order under paragraph (b), (c) or (d) of section 170B(5) of the Companies Act 1989”.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/10" id="section-170B-10"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">10</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">If the Bank of England refuses to make an order under subsection (4) or makes an order under subsection (5)(b), (c) or (d), the </Addition><CommentaryRef Ref="key-97ea8b9887e9998b895962d229f3028b"/><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">... third country central counterparty may refer the matter to the Upper Tribunal.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170B/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170B/11" id="section-170B-11"><Pnumber><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">11</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">The Bank of England may rely on information or advice from an overseas competent authority</Addition><CommentaryRef Ref="key-73f4aa6f346869bb7b99deb06107b54d"/><Addition ChangeId="key-2b311b610753c1db749439f5becace35-1561218698265" CommentaryRef="key-2b311b610753c1db749439f5becace35">... in its determination of an application under subsection (1) or the making of a revocation order under subsection (5)(d).</Addition></Text></P2para></P2></P1para></P1></P1group><P1group RestrictStartDate="2020-12-31"><Title>
                     <Substitution ChangeId="key-d7b03102a979725d8f41af029f65e197-1630666312639" CommentaryRef="key-d7b03102a979725d8f41af029f65e197">Third</Substitution>  country CSDs</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170C" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170C" id="section-170C"><Pnumber PuncAfter=".">170C</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170C/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170C/1" id="section-170C-1"><Pnumber>1</Pnumber><P2para><Text>This Part applies to transactions settled through <CommentaryRef Ref="key-8edb6991e33d290d4cac8c1b4e809cb1"/>... a third country CSD by a UK member of the central securities depository as it applies to transactions settled through a recognised CSD, but subject to subsections (2), (3) and (4).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170C/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170C/2" id="section-170C-2"><Pnumber>2</Pnumber><P2para><Text>The definition of “authorised central securities depository services” in section 155(3D) applies to third country CSDs as if it read—</Text><BlockAmendment Context="unknown" TargetClass="unknown" TargetSubClass="unknown" Format="double"><UnorderedList Decoration="none" Class="Definition"><ListItem><Para><Text>“authorised central securities depository services” means, in relation to a third country CSD, those services which that central securities depository is authorised to provide that are equivalent to the services listed in the Annex to the CSD regulation.</Text></Para></ListItem></UnorderedList></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170C/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170C/3" id="section-170C-3"><Pnumber>3</Pnumber><P2para><Text>Section 157 does not apply to <CommentaryRef Ref="key-8edb6991e33d290d4cac8c1b4e809cb1"/>...  a third country CSD.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170C/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170C/4" id="section-170C-4"><Pnumber>4</Pnumber><P2para><Text>Section 162 does not apply to <CommentaryRef Ref="key-8edb6991e33d290d4cac8c1b4e809cb1"/>... a third country CSD unless it has been notified by the Bank of England that a report under that section is required for the purposes of insolvency proceedings in any part of the United Kingdom. Where <CommentaryRef Ref="key-8edb6991e33d290d4cac8c1b4e809cb1"/>...  a third country CSD has been so notified, the appropriate regulator for the purposes of section 162 shall be the Bank of England.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/170C/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170C/5" id="section-170C-5"><Pnumber>5</Pnumber><P2para><Text>In this section “UK member” means a member of <CommentaryRef Ref="key-8edb6991e33d290d4cac8c1b4e809cb1"/>... a third country CSD to which the law of a part of the United Kingdom will apply for the purposes of an insolvent reorganisation or winding up.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/171" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/171" id="section-171"><Pnumber><CommentaryRef Ref="c13695421"/>171</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2017-11-28"><Title> Settlement arrangements provided by the Bank of England.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/172" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/172" id="section-172"><Pnumber><CommentaryRef Ref="c13695441"/><CommentaryRef Ref="c13695451"/>172</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/172/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/172/1" id="section-172-1"><Pnumber>1</Pnumber><P2para><Text>The Secretary of State may by regulations provide that this Part applies to contracts of any specified description in relation to which settlement arrangements are provided by the Bank of England, as it applies to contracts connected with  <Substitution ChangeId="key-1391d10e311111b66cccc99b2f3e987d-1565004801527" CommentaryRef="key-1391d10e311111b66cccc99b2f3e987d">a recognised body</Substitution>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/172/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/172/2" id="section-172-2"><Pnumber>2</Pnumber><P2para><Text>Regulations under this section may provide that the provisions of this Part apply with such exceptions, additions and adaptations as appear to the Secretary of State to be necessary or expedient.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/172/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/172/3" id="section-172-3"><Pnumber>3</Pnumber><P2para><Text>Before making any regulations under this section, the Secretary of State <Addition ChangeId="d29p10006" CommentaryRef="c13695461">and the Treasury shall consult</Addition> the Bank of England.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/VII/crossheading/market-charges" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/VII/crossheading/market-charges" NumberOfProvisions="4" RestrictExtent="E+W+S" id="part-VII-crossheading-market-charges" RestrictStartDate="2020-12-31"><Title> Market charges</Title><P1group RestrictExtent="E+W+S" ConfersPower="true" RestrictStartDate="2017-11-28"><Title> Market charges.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/173" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/173" id="section-173"><Pnumber><CommentaryRef Ref="c13695581"/><CommentaryRef Ref="c13695591"/>173</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/173/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/173/1" id="section-173-1"><Pnumber>1</Pnumber><P2para><Text>In this Part “<Term id="term-market-charge">market charge</Term>” means a charge, whether fixed or floating, granted—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/173/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/173/1/a" id="section-173-1-a"><Pnumber>a</Pnumber><P3para><Text>in favour of a recognised investment exchange, for the purpose of securing debts or liabilities arising in connection with the settlement of market contracts,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/173/1/aa" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/173/1/aa" id="section-173-1-aa"><Pnumber><Addition ChangeId="d29p10041" CommentaryRef="c13695601">aa</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10041" CommentaryRef="c13695601">in favour of The Stock Exchange, for the purpose of securing debts or liabilities arising in connection with short term certificates;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/173/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/173/1/b" id="section-173-1-b"><Pnumber>b</Pnumber><P3para><Text>in favour of a recognised clearing house, for the purpose of securing debts or liabilities arising in connection with their ensuring the performance of market contracts, <CommentaryRef Ref="key-3f95ed0f897bb8d4f74d58ee59822837"/>...</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/173/1/ba" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/173/1/ba" id="section-173-1-ba"><Pnumber><Addition ChangeId="key-9a9755bad512edbb1d201c176bf18109-1565005022921" CommentaryRef="key-9a9755bad512edbb1d201c176bf18109">ba</Addition></Pnumber><P3para><Text><Addition ChangeId="key-9a9755bad512edbb1d201c176bf18109-1565005022921" CommentaryRef="key-9a9755bad512edbb1d201c176bf18109">in favour of a recognised CSD, for the purpose of securing debts or liabilities arising in connection with their ensuring the performance of market contracts, or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/173/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/173/1/c" id="section-173-1-c"><Pnumber>c</Pnumber><P3para><Text>in favour of a person who agrees to make payments as a result of the transfer  <Addition ChangeId="d29p10060" CommentaryRef="c13695611">or allotment</Addition> of specified securities made through the medium of a computer-based system established by the Bank of England and The Stock Exchange, for the purpose of securing debts or liabilities of the transferee  <Addition ChangeId="d29p10065" CommentaryRef="c13695611">or allottee</Addition> arising in connection therewith.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/173/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/173/2" id="section-173-2"><Pnumber>2</Pnumber><P2para><Text>Where a charge is granted partly for purposes specified in subsection (1)(a),  <Addition ChangeId="d29p10076" CommentaryRef="c13695631">(aa),</Addition>

					(b) <Addition ChangeId="key-15b33bf4bcdfb801e084d7edf0921173-1565005049800" CommentaryRef="key-15b33bf4bcdfb801e084d7edf0921173">, (ba)</Addition>  or (c) and partly for other purposes, it is a “<Term id="term-market-charge">market charge</Term>” so far as it has effect for the specified purposes.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/173/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/173/3" id="section-173-3"><Pnumber>3</Pnumber><P2para><Text><Addition ChangeId="d29p10089" CommentaryRef="c13695641">In subsection (1)—</Addition></Text><UnorderedList Decoration="none" Class="Definition"><ListItem><Para><Text><Addition ChangeId="d29p10089" CommentaryRef="c13695641">“</Addition><Term id="term-short-term-certificate"><Addition ChangeId="d29p10089" CommentaryRef="c13695641">short term certificate</Addition></Term><Addition ChangeId="d29p10089" CommentaryRef="c13695641">” means an instrument issued by The Stock Exchange undertaking to procure the transfer of property of a value and description specified in the instrument to or to the order of the person to whom the instrument is issued or his endorsee or to a person acting on behalf of either of them and also undertaking to make appropriate payments in cash, in the event that the obligation to procure the transfer of property cannot be discharged in whole or in part;</Addition></Text></Para></ListItem><ListItem><Para><Text>“<Term id="term-specified-securities">specified securities</Term>” means securities for the time being specified in the list in Schedule 1 to the <CommentaryRef Ref="c13695651"/>Stock Transfer Act 1982, and includes any right to such securities; and</Text></Para></ListItem><ListItem><Para><Text>“<Term id="term-transfer">transfer</Term>”, in relation to any such securities or right, means a transfer of the beneficial interest.</Text></Para></ListItem></UnorderedList></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/173/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/173/4" id="section-173-4"><Pnumber>4</Pnumber><P2para><Text>The Secretary of State may by regulations make further provision as to the charges granted in favour of any such person as is mentioned in subsection (1)(a), (b) <Addition ChangeId="key-68d7c58c5698d47a6820ba7bad7ce5e7-1565005076109" CommentaryRef="key-68d7c58c5698d47a6820ba7bad7ce5e7">, (ba)</Addition>  or (c) which are to be treated as “<Term id="term-market-charges">market charges</Term>” for the purposes of this Part; and the regulations may add to, amend or repeal the provisions of subsections (1) to (3) above.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/173/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/173/5" id="section-173-5"><Pnumber>5</Pnumber><P2para><Text>The regulations may provide that a charge shall or shall not be treated as a market charge if or to the extent that it secures obligations of a specified description, is a charge over property of a specified description or contains provisions of a specified description.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/173/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/173/6" id="section-173-6"><Pnumber>6</Pnumber><P2para><Text>Before making regulations under this section in relation to charges granted in favour of a person within subsection (1)(c), the Secretary of State <Addition ChangeId="d29p10138" CommentaryRef="c13695661">and the Treasury shall consult</Addition> the Bank of England.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="1992-06-07" ConfersPower="true"><Title> Modifications of the law of insolvency.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/174" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/174" id="section-174"><Pnumber><CommentaryRef Ref="c13695691"/><CommentaryRef Ref="c13695701"/>174</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/174/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/174/1" id="section-174-1"><Pnumber>1</Pnumber><P2para><Text>The general law of insolvency has effect in relation to market charges and action taken in enforcing them subject to the provisions of section 175.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/174/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/174/2" id="section-174-2"><Pnumber>2</Pnumber><P2para><Text>The Secretary of State may by regulations make further provision modifying the law of insolvency in relation to the matters mentioned in subsection (1).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/174/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/174/3" id="section-174-3"><Pnumber>3</Pnumber><P2para><Text>The regulations may add to, amend or repeal the provisions mentioned in subsection (1), and any other provision of this Part as it applies for the purposes of those provisions, or provide that those provisions have effect with such exceptions, additions or adaptations as are specified in the regulations.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/174/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/174/4" id="section-174-4"><Pnumber>4</Pnumber><P2para><Text>The regulations may make different provision for cases defined by reference to the nature of the charge, the nature of the property subject to it, the circumstances, nature or extent of the obligations secured by it or any other relevant factor.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/174/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/174/5" id="section-174-5"><Pnumber>5</Pnumber><P2para><Text>Before making regulations under this section in relation to charges granted in favour of a person within section 173(1)(c), the Secretary of State <Addition ChangeId="d29p10182" CommentaryRef="c13695711">and the Treasury shall consult</Addition> the Bank of England.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2016-11-30"><Title> Administration orders, &amp;c.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175" id="section-175"><Pnumber><CommentaryRef Ref="c13695861"/><CommentaryRef Ref="key-f3bd3fd4fea4daec9b47aaf4b7009aea"/>175</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/1" id="section-175-1"><Pnumber><Addition ChangeId="d29p10195" CommentaryRef="c13695871">1</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p10195" CommentaryRef="c13695871">The following provisions of Schedule B1 to the Insolvency Act 1986 (administration) do not apply in relation to a market charge—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/1/a" id="section-175-1-a"><Pnumber><Addition ChangeId="d29p10195" CommentaryRef="c13695871">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10195" CommentaryRef="c13695871">paragraph 43(2) and (3)

							(restriction on enforcement of security or repossession of goods)

							(including that provision as applied by paragraph 44 (interim moratorium)), and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/1/b" id="section-175-1-b"><Pnumber><Addition ChangeId="d29p10195" CommentaryRef="c13695871">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10195" CommentaryRef="c13695871">paragraphs 70, 71 and 72 (power of administrator to deal with charged or hire-purchase property).</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/1A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/1A" id="section-175-1A"><Pnumber><Addition ChangeId="d29p10195" CommentaryRef="c13695871">1A</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p10195" CommentaryRef="c13695871">Paragraph 41(2) of that Schedule (receiver to vacate office at request of administrator) does not apply to a receiver appointed under a market charge.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/2" id="section-175-2"><Pnumber><CommentaryRef Ref="c13695881"/>2</Pnumber><P2para><Text>However, where a market charge falls to be enforced after <Addition ChangeId="d29p10228" CommentaryRef="c13695891">the occurrence of an event to which subsection (2A) applies</Addition>, and there exists another charge over some or all of the same property ranking in priority to or <Emphasis>pari passu</Emphasis> with the market charge,  <Addition ChangeId="d29p10235" CommentaryRef="c13695901">on the application of any person interested</Addition> the court may order that there shall be taken after enforcement of the market charge such steps as the court may direct for the purpose of ensuring that the chargee under the other charge is not prejudiced by the enforcement of the market charge.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/2A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/2A" id="section-175-2A"><Pnumber><Addition ChangeId="d29p10240" CommentaryRef="c13695911">2A</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p10240" CommentaryRef="c13695911">This subsection applies to—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/2A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/2A/a" id="section-175-2A-a"><Pnumber><Addition ChangeId="d29p10240" CommentaryRef="c13695911">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10240" CommentaryRef="c13695911">making an administration application under paragraph 12 of Schedule B1 to the Insolvency Act 1986,</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/2A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/2A/b" id="section-175-2A-b"><Pnumber><Addition ChangeId="d29p10240" CommentaryRef="c13695911">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10240" CommentaryRef="c13695911">appointing an administrator under paragraph 14 or 22 of that Schedule (appointment by floating charge holder, company or directors),</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/2A/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/2A/c" id="section-175-2A-c"><Pnumber><Addition ChangeId="d29p10240" CommentaryRef="c13695911">c</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10240" CommentaryRef="c13695911">filing with the court a copy of notice of intention to appoint an administrator under either of those paragraphs.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/3" id="section-175-3"><Pnumber><CommentaryRef Ref="c13695921"/>3</Pnumber><P2para><Text>The following provisions of the Insolvency Act 1986 (which relate to the powers of receivers) do not apply in relation to a market charge—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/3/a" id="section-175-3-a"><Pnumber>a</Pnumber><P3para><Text>section 43 (power of administrative receiver to dispose of charged property), and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/3/b" id="section-175-3-b"><Pnumber>b</Pnumber><P3para><Text>section 61 (power of receiver in Scotland to dispose of an interest in property).</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/4" id="section-175-4"><Pnumber>4</Pnumber><P2para><Text>Sections 127 and 284 of the Insolvency Act 1986 (avoidance of property dispositions effected after commencement of winding up<Addition ChangeId="key-1e1b5d6001e41be10f13b3e15d39fc91-1564741806876" CommentaryRef="key-1e1b5d6001e41be10f13b3e15d39fc91">, making of bankruptcy application</Addition>  or presentation of bankruptcy petition), and section  <Substitution ChangeId="key-9f5a883418330e763ad8b48a9af4957a-1564744548821" CommentaryRef="key-9f5a883418330e763ad8b48a9af4957a">87(4) of the Bankruptcy (Scotland) Act 2016</Substitution>  (effect of dealing with debtor relating to estate vested in <CommentaryRef Ref="key-7043c2db3057840ea07e5db9ccc18e97"/>... trustee), do not apply to a disposition of property as a result of which the property becomes subject to a market charge or any transaction pursuant to which that disposition is made.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/5" id="section-175-5"><Pnumber><CommentaryRef Ref="c13695941"/><CommentaryRef Ref="c13695951"/><Substitution ChangeId="key-779182d3ea5604e40d9f4510e325d56a-1561374664445" CommentaryRef="key-779182d3ea5604e40d9f4510e325d56a">5</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-779182d3ea5604e40d9f4510e325d56a-1561374664445" CommentaryRef="key-779182d3ea5604e40d9f4510e325d56a">However, if a person who is party to a disposition mentioned in subsection (4) has notice at the time of the disposition that  </Substitution><Substitution ChangeId="key-779182d3ea5604e40d9f4510e325d56a-1561374664445" CommentaryRef="key-779182d3ea5604e40d9f4510e325d56a"><Addition ChangeId="key-32f1d2d88017189f25fb3f5bbaa6f339-1564741741626" CommentaryRef="key-32f1d2d88017189f25fb3f5bbaa6f339">a bankruptcy application has been made or</Addition></Substitution><Substitution ChangeId="key-779182d3ea5604e40d9f4510e325d56a-1561374664445" CommentaryRef="key-779182d3ea5604e40d9f4510e325d56a"> a petition has been presented for the winding up or bankruptcy or sequestration of the estate of the party making the disposition, the value of any profit to him arising from the disposition is recoverable from him by the relevant office-holder unless—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/5/a" id="section-175-5-a"><Pnumber><Substitution ChangeId="key-779182d3ea5604e40d9f4510e325d56a-1561374664445" CommentaryRef="key-779182d3ea5604e40d9f4510e325d56a">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-779182d3ea5604e40d9f4510e325d56a-1561374664445" CommentaryRef="key-779182d3ea5604e40d9f4510e325d56a">the person is a chargee under the market charge,</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/5/b" id="section-175-5-b"><Pnumber><Substitution ChangeId="key-779182d3ea5604e40d9f4510e325d56a-1561374664445" CommentaryRef="key-779182d3ea5604e40d9f4510e325d56a">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-779182d3ea5604e40d9f4510e325d56a-1561374664445" CommentaryRef="key-779182d3ea5604e40d9f4510e325d56a">the disposition is made in accordance with the default rules of a recognised central counterparty for the purposes of transferring a position or asset of a clearing member in default, or</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/5/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/5/c" id="section-175-5-c"><Pnumber><Substitution ChangeId="key-779182d3ea5604e40d9f4510e325d56a-1561374664445" CommentaryRef="key-779182d3ea5604e40d9f4510e325d56a">c</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-779182d3ea5604e40d9f4510e325d56a-1561374664445" CommentaryRef="key-779182d3ea5604e40d9f4510e325d56a">the court directs otherwise.</Substitution></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/5A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/5A" id="section-175-5A"><Pnumber><Addition ChangeId="key-22186c9438a980edb9bdd8bae6e2f8d5-1561374491738" CommentaryRef="key-22186c9438a980edb9bdd8bae6e2f8d5">5A</Addition></Pnumber><P2para><Text><Addition ChangeId="key-22186c9438a980edb9bdd8bae6e2f8d5-1561374491738" CommentaryRef="key-22186c9438a980edb9bdd8bae6e2f8d5">In subsection (5)(b), “asset” has the meaning given by Article 39(10) of the EMIR Level 1 Regulation.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/6" id="section-175-6"><Pnumber><CommentaryRef Ref="c13695951"/>6</Pnumber><P2para><Text>Any sum recoverable by virtue of subsection (5) ranks for priority, in the event of the insolvency of the person from whom it is due, immediately before preferential or, in Scotland, preferred debts.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/175/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/7" id="section-175-7"><Pnumber>7</Pnumber><P2para><Text>In a case falling within both subsection (4) above (as a disposition of property as a result of which the property becomes subject to a market charge) and section 164(3)

					(as the provision of margin in relation to a market contract), section 164(4) applies with respect to the recovery of the amount or value of the margin and subsection (5) above does not apply.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" ConfersPower="true" RestrictStartDate="2020-12-31"><Title> Power to make provision about certain other charges.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176" id="section-176"><Pnumber><CommentaryRef Ref="c13696121"/><CommentaryRef Ref="c13696131"/><CommentaryRef Ref="c13696141"/>176</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/1" id="section-176-1"><Pnumber>1</Pnumber><P2para><Text>The Secretary of State may by regulations provide that the general law of insolvency has effect in relation to charges of such descriptions as may be specified in the regulations, and action taken in enforcing them, subject to such provisions as may be specified in the regulations.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/2" id="section-176-2"><Pnumber><CommentaryRef Ref="c13696141"/>2</Pnumber><P2para><Text>The regulations may specify any description of charge granted in favour of—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/2/a" id="section-176-2-a"><Pnumber>a</Pnumber><P3para><Text>a body approved under section 170 (certain overseas exchanges and clearing houses),</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/2/aa" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/2/aa" id="section-176-2-aa"><Pnumber><Addition ChangeId="key-26aebf639aaac1aca37189d402bf0001-1565005353937" CommentaryRef="key-26aebf639aaac1aca37189d402bf0001">aa</Addition></Pnumber><P3para><Text><Addition ChangeId="key-26aebf639aaac1aca37189d402bf0001-1565005353937" CommentaryRef="key-26aebf639aaac1aca37189d402bf0001"><CommentaryRef Ref="key-563db457c75a2411201994ccbeebe44a"/>...</Addition><Acronym Expansion="European Economic Area"><Addition ChangeId="key-26aebf639aaac1aca37189d402bf0001-1565005353937" CommentaryRef="key-26aebf639aaac1aca37189d402bf0001"/></Acronym><Addition ChangeId="key-26aebf639aaac1aca37189d402bf0001-1565005353937" CommentaryRef="key-26aebf639aaac1aca37189d402bf0001"/><Addition ChangeId="key-26aebf639aaac1aca37189d402bf0001-1565005353937" CommentaryRef="key-26aebf639aaac1aca37189d402bf0001"> a third country CSD,</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/2/b" id="section-176-2-b"><Pnumber>b</Pnumber><P3para><Text>a person included in the list maintained by the  <Substitution ChangeId="key-8e4e22c4b5d71367e019aab24a60af32-1561385621317" CommentaryRef="key-8e4e22c4b5d71367e019aab24a60af32">Bank of England</Substitution>  for the purposes of <Addition ChangeId="d29p10356" CommentaryRef="c13696181">section 301 of the Financial Services and Markets Act 2000</Addition>

							(certain money market institutions),</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/2/c" id="section-176-2-c"><Pnumber>c</Pnumber><P3para><Text>the Bank of England,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/2/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/2/d" id="section-176-2-d"><Pnumber><Addition ChangeId="d29p10366" CommentaryRef="c13696191">d</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10366" CommentaryRef="c13696191">a person who has permission under  </Addition><Addition ChangeId="d29p10366" CommentaryRef="c13696191"><Substitution ChangeId="key-a87672f2d9178433da9f6ca335d3df20-1561385833499" CommentaryRef="key-a87672f2d9178433da9f6ca335d3df20">Part 4A</Substitution></Addition><Addition ChangeId="d29p10366" CommentaryRef="c13696191">  of the Financial Services and Markets Act 2000 to carry on a relevant regulated activity, or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/2/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/2/e" id="section-176-2-e"><Pnumber><Addition ChangeId="d29p10366" CommentaryRef="c13696191">e</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10366" CommentaryRef="c13696191">an international securities self-regulating organisation approved for the purposes of an order made under section 22 of the Financial Services and Markets Act 2000,</Addition></Text></P3para></P3><Text>for the purpose of securing debts or liabilities arising in connection with or as a result of the settlement of contracts or the transfer of assets, rights or interests on a financial market.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/3" id="section-176-3"><Pnumber>3</Pnumber><P2para><Text>The regulations may specify any description of charge granted for that purpose in favour of any other person in connection with exchange facilities or clearing services  <Addition ChangeId="key-b8114a02e1ea6da0c5aee7fb51f61c17-1565005431516" CommentaryRef="key-b8114a02e1ea6da0c5aee7fb51f61c17">or settlement arrangements</Addition> provided by a recognised investment exchange or recognised clearing house or by any such body, person, authority or organisation as is mentioned in subsection (2)  <Addition ChangeId="key-1c348a413728ec5e9428c4a9434d90b7-1565005459027" CommentaryRef="key-1c348a413728ec5e9428c4a9434d90b7">, or in connection with authorised central securities depository services (see section 155(3D)) provided by a recognised CSD</Addition>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/4" id="section-176-4"><Pnumber>4</Pnumber><P2para><Text>Where a charge is granted partly for the purpose specified in subsection (2) and partly for other purposes, the power conferred by this section is exercisable in relation to the charge so far as it has effect for that purpose.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/5" id="section-176-5"><Pnumber>5</Pnumber><P2para><Text>The regulations may—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/5/a" id="section-176-5-a"><Pnumber>a</Pnumber><P3para><Text>make the same or similar provision in relation to the charges to which they apply as is made by or under sections 174 and 175 in relation to market charges, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/5/b" id="section-176-5-b"><Pnumber>b</Pnumber><P3para><Text>apply any of those provisions with such exceptions, additions or adaptations as are specified in the regulations.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/6" id="section-176-6"><Pnumber><Addition ChangeId="d29p10412" CommentaryRef="c13696201">6</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p10412" CommentaryRef="c13696201">Before making regulations under this section relating to a description of charges defined by reference to their being granted in favour of a person included in the list maintained by the </Addition><CommentaryRef Ref="c13696211"/><Addition ChangeId="d29p10412" CommentaryRef="c13696201">. . .  </Addition><Addition ChangeId="d29p10412" CommentaryRef="c13696201"><Substitution ChangeId="key-1a708aaa5555eec62489e7dbd7576e7f-1561385742373" CommentaryRef="key-1a708aaa5555eec62489e7dbd7576e7f">Bank of England</Substitution></Addition><Addition ChangeId="d29p10412" CommentaryRef="c13696201">  for the purposes of </Addition><Addition ChangeId="d29p10412" CommentaryRef="c13696201"><Addition ChangeId="d29p10422" CommentaryRef="c13696221">section 301 of the Financial Services and Markets Act 2000</Addition></Addition><Addition ChangeId="d29p10412" CommentaryRef="c13696201">, or in connection with exchange facilities or clearing services  </Addition><Addition ChangeId="d29p10412" CommentaryRef="c13696201"><Addition ChangeId="key-37ffc3e277b51fd37298942b64f5d695-1565005395238" CommentaryRef="key-37ffc3e277b51fd37298942b64f5d695">or settlement arrangements</Addition></Addition><Addition ChangeId="d29p10412" CommentaryRef="c13696201"> provided by a person included in that list, the Secretary of State and the Treasury shall consult the  </Addition><Addition ChangeId="d29p10412" CommentaryRef="c13696201"><Substitution ChangeId="key-24a540af6d19c50a3a1243f53d7acda7-1561385795968" CommentaryRef="key-24a540af6d19c50a3a1243f53d7acda7">FCA</Substitution></Addition><Addition ChangeId="d29p10412" CommentaryRef="c13696201">  and the Bank of England.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/6A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/6A" id="section-176-6A"><Pnumber><Addition ChangeId="d29p10412" CommentaryRef="c13696201">6A</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p10412" CommentaryRef="c13696201">Before making regulations under this section relating to a description of charges defined by reference to their being granted in favour of the Bank of England, or in connection with settlement arrangements provided by the Bank, the Secretary of State and the Treasury shall consult the Bank.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/7" id="section-176-7"><Pnumber>7</Pnumber><P2para><Text>Regulations under this section may provide that they apply or do not apply to a charge if or to the extent that it secures obligations of a specified description, is a charge over property of a specified description or contains provisions of a specified description.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/8" id="section-176-8" RestrictStartDate="2018-01-03"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231">8</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231">For the purposes of subsection (2)(d), “relevant regulated activity” means—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/8/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/8/a" id="section-176-8-a"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231">dealing in investments as principal or as agent;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/8/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/8/b" id="section-176-8-b"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231">arranging deals in investments;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/8/ba" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/8/ba" id="section-176-8-ba"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="d29p10459" CommentaryRef="c18763981">ba</Addition></Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="d29p10459" CommentaryRef="c18763981">operating a multilateral trading facility;</Addition></Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/8/bb" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/8/bb" id="section-176-8-bb" RestrictStartDate="2018-01-03"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="M_F_2c890256-2cff-4e59-82ef-3608ab4488ea-1568630587872" CommentaryRef="M_F_a91af4cb-c6c5-44df-8955-f3c6b70144aa">bb</Addition></Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="M_F_2c890256-2cff-4e59-82ef-3608ab4488ea-1568630587872" CommentaryRef="M_F_a91af4cb-c6c5-44df-8955-f3c6b70144aa">operating an organised trading facility;</Addition></Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/8/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/8/c" id="section-176-8-c"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231">c</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231">managing investments;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/8/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/8/d" id="section-176-8-d"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231">d</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231">safeguarding and administering investments;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/8/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/8/e" id="section-176-8-e"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231">e</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231">sending dematerialised instructions; </Addition><CommentaryRef Ref="key-7ecdb8a2d7c9a023ee854ad5356a48f9"/><Addition ChangeId="d29p10439" CommentaryRef="c13696231">...</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/8/ea" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/8/ea" id="section-176-8-ea"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="key-81f5991a4ca35211949dd96fc7720022-1564656579453" CommentaryRef="key-81f5991a4ca35211949dd96fc7720022">ea</Addition></Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="key-81f5991a4ca35211949dd96fc7720022-1564656579453" CommentaryRef="key-81f5991a4ca35211949dd96fc7720022">managing a </Addition></Addition><Abbreviation Expansion="Undertakings for Collective Investment in Transferable Securities"><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="key-81f5991a4ca35211949dd96fc7720022-1564656579453" CommentaryRef="key-81f5991a4ca35211949dd96fc7720022">UCITS</Addition></Addition></Abbreviation><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="key-81f5991a4ca35211949dd96fc7720022-1564656579453" CommentaryRef="key-81f5991a4ca35211949dd96fc7720022">;</Addition></Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/8/eb" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/8/eb" id="section-176-8-eb"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="key-81f5991a4ca35211949dd96fc7720022-1564656579453" CommentaryRef="key-81f5991a4ca35211949dd96fc7720022">eb</Addition></Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="key-81f5991a4ca35211949dd96fc7720022-1564656579453" CommentaryRef="key-81f5991a4ca35211949dd96fc7720022">acting as trustee or depositary of a </Addition></Addition><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="key-81f5991a4ca35211949dd96fc7720022-1564656579453" CommentaryRef="key-81f5991a4ca35211949dd96fc7720022">UCITS</Addition></Addition><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="key-81f5991a4ca35211949dd96fc7720022-1564656579453" CommentaryRef="key-81f5991a4ca35211949dd96fc7720022">;</Addition></Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/8/ec" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/8/ec" id="section-176-8-ec"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="key-81f5991a4ca35211949dd96fc7720022-1564656579453" CommentaryRef="key-81f5991a4ca35211949dd96fc7720022">ec</Addition></Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="key-81f5991a4ca35211949dd96fc7720022-1564656579453" CommentaryRef="key-81f5991a4ca35211949dd96fc7720022">managing an </Addition></Addition><Abbreviation Expansion="Alternative Investment Fund"><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="key-81f5991a4ca35211949dd96fc7720022-1564656579453" CommentaryRef="key-81f5991a4ca35211949dd96fc7720022">AIF</Addition></Addition></Abbreviation><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="key-81f5991a4ca35211949dd96fc7720022-1564656579453" CommentaryRef="key-81f5991a4ca35211949dd96fc7720022">;</Addition></Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/8/ed" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/8/ed" id="section-176-8-ed"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="key-81f5991a4ca35211949dd96fc7720022-1564656579453" CommentaryRef="key-81f5991a4ca35211949dd96fc7720022">ed</Addition></Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="key-81f5991a4ca35211949dd96fc7720022-1564656579453" CommentaryRef="key-81f5991a4ca35211949dd96fc7720022">acting as trustee or depositary of an </Addition></Addition><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="key-81f5991a4ca35211949dd96fc7720022-1564656579453" CommentaryRef="key-81f5991a4ca35211949dd96fc7720022">AIF</Addition></Addition><Addition ChangeId="d29p10439" CommentaryRef="c13696231"><Addition ChangeId="key-81f5991a4ca35211949dd96fc7720022-1564656579453" CommentaryRef="key-81f5991a4ca35211949dd96fc7720022">; or</Addition></Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/8/f" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/8/f" id="section-176-8-f"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231">f</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231">establishing </Addition><Addition ChangeId="d29p10439" CommentaryRef="c13696231">etc.</Addition><Addition ChangeId="d29p10439" CommentaryRef="c13696231"> a collective investment scheme.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/9" id="section-176-9"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231">9</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231">Subsection (8) must be read with—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/9/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/9/a" id="section-176-9-a"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231">section 22 of the Financial Services and Markets Act 2000;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/9/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/9/b" id="section-176-9-b"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231">any relevant order under that section; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/176/9/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/9/c" id="section-176-9-c"><Pnumber><Addition ChangeId="d29p10439" CommentaryRef="c13696231">c</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10439" CommentaryRef="c13696231">Schedule 2 to that Act.</Addition></Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/VII/crossheading/market-property" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/VII/crossheading/market-property" NumberOfProvisions="5" RestrictExtent="E+W+S" id="part-VII-crossheading-market-property" RestrictStartDate="2017-11-28"><Title> Market property</Title><P1group RestrictExtent="E+W+S" ConfersPower="true" RestrictStartDate="2017-11-28"><Title> Application of margin <Addition ChangeId="key-0c29f08ac4eb469d59385026668ba546-1539105924873" CommentaryRef="key-0c29f08ac4eb469d59385026668ba546">or default fund contribution</Addition>  not affected by certain other interests.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/177" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/177" id="section-177"><Pnumber><CommentaryRef Ref="c13696241"/><CommentaryRef Ref="c13696251"/>177</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/177/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/177/1" id="section-177-1"><Pnumber>1</Pnumber><P2para><Text>The following provisions have effect with respect to the application by  <Substitution ChangeId="key-00f82360dbcedf9e606e48cc2c97311f-1565005649153" CommentaryRef="key-00f82360dbcedf9e606e48cc2c97311f">a recognised body</Substitution>  of property (other than land) held by  <Substitution ChangeId="key-f9bc56c06ff466f1b5cf93edec970ce2-1565005674935" CommentaryRef="key-f9bc56c06ff466f1b5cf93edec970ce2">the recognised body</Substitution>  as margin in relation to a market contract <Addition ChangeId="key-29e4ae4f5fbca3a9c0bba88c41b6ce76-1539102465070" CommentaryRef="key-29e4ae4f5fbca3a9c0bba88c41b6ce76">or as default fund contribution</Addition>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/177/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/177/2" id="section-177-2"><Pnumber>2</Pnumber><P2para><Text>So far as necessary to enable the property to be applied in accordance with the rules of  <Substitution ChangeId="key-81dc79b8f3863f87edc35a94fef2e582-1565005687599" CommentaryRef="key-81dc79b8f3863f87edc35a94fef2e582">the recognised body</Substitution> , it may be so applied notwithstanding any prior equitable interest or right, or any right or remedy arising from a breach of fiduciary duty, unless  <Substitution ChangeId="key-81dc79b8f3863f87edc35a94fef2e582-1565005702183" CommentaryRef="key-81dc79b8f3863f87edc35a94fef2e582">the recognised body</Substitution>  had notice of the interest, right or breach of duty at the time the property was provided as margin <Addition ChangeId="key-d53ac101610ccb8c7781e40d75d4ffc9-1539102504288" CommentaryRef="key-d53ac101610ccb8c7781e40d75d4ffc9">or as default fund contribution</Addition>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/177/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/177/3" id="section-177-3"><Pnumber>3</Pnumber><P2para><Text>No right or remedy arising subsequently to the property being provided as margin <Addition ChangeId="key-b6ddb268bd987ebd80dc423e24ef9bf6-1539102609932" CommentaryRef="key-b6ddb268bd987ebd80dc423e24ef9bf6">or as default fund contribution</Addition>  may be enforced so as to prevent or interfere with the application of the property by  <Substitution ChangeId="key-64e1a320e53576ba8fc1112d274aa650-1565005716657" CommentaryRef="key-64e1a320e53576ba8fc1112d274aa650">the recognised body</Substitution>  in accordance with its rules.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/177/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/177/4" id="section-177-4"><Pnumber>4</Pnumber><P2para><Text>Where  <Substitution ChangeId="key-4392df0ee6c6755e170f395b5e249e38-1565005759009" CommentaryRef="key-4392df0ee6c6755e170f395b5e249e38">a recognised body</Substitution>  has power by virtue of the above provisions to apply property notwithstanding an interest, right or remedy, a person to whom  <Substitution ChangeId="key-c7eb319de868ed88fa90e13d61c9685a-1565005729596" CommentaryRef="key-c7eb319de868ed88fa90e13d61c9685a">the recognised body</Substitution>  disposes of the property in accordance with its rules takes free from that interest, right or remedy.</Text></P2para></P2></P1para></P1></P1group><P1group Status="Prospective" ConfersPower="true" Match="false"><Title> Priority of floating market charge over subsequent charges.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/178" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/178" id="section-178"><Pnumber>178</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/178/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/178/1" id="section-178-1"><Pnumber>1</Pnumber><P2para><Text>The Secretary of State may by regulations provide that a market charge which is a floating charge has priority over a charge subsequently created or arising, including a fixed charge.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/178/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/178/2" id="section-178-2"><Pnumber>2</Pnumber><P2para><Text>The regulations may make different provision for cases defined, as regards the market charge or the subsequent charge, by reference to the description of charge, its terms, the circumstances in which it is created or arises, the nature of the charge, the person in favour of whom it is granted or arises or any other relevant factor.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="1991-04-25" ConfersPower="true"><Title> Priority of market charge over unpaid vendor’s lien.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/179" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/179" id="section-179"><Pnumber><CommentaryRef Ref="c13696261"/><CommentaryRef Ref="c13696271"/>179</Pnumber><P1para><Text>Where property subject to an unpaid vendor’s lien becomes subject to a market charge, the charge has priority over the lien unless the chargee had actual notice of the lien at the time the property became subject to the charge.</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S" ConfersPower="true" RestrictStartDate="2017-11-28"><Title> Proceedings against market property by unsecured creditors.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/180" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/180" id="section-180"><Pnumber><CommentaryRef Ref="c13696301"/><CommentaryRef Ref="c13696311"/>180</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/180/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/180/1" id="section-180-1"><Pnumber>1</Pnumber><P2para><Text>Where property (other than land) is held by  <Substitution ChangeId="key-0b73d9cfaec1a777b4dbeebd7afd53d9-1565006021072" CommentaryRef="key-0b73d9cfaec1a777b4dbeebd7afd53d9">a recognised body</Substitution>  as margin in relation to market contracts <Addition ChangeId="key-dfc8a7386d79410495a0c688f190466e-1539102808677" CommentaryRef="key-dfc8a7386d79410495a0c688f190466e">or as default fund contribution,</Addition>  or is subject to a market charge, no execution or other legal process for the enforcement of a judgment or order may be commenced or continued, and no distress may be levied,  <Addition ChangeId="key-0c2188b07324dc971610ad1e7e7e74d0-1564739663875" CommentaryRef="key-0c2188b07324dc971610ad1e7e7e74d0">and no power to use the procedure in Schedule 12 to the Tribunals, Courts and Enforcement Act 2007 (taking control of goods) may be exercised,</Addition> against the property by a person not seeking to enforce any interest in or security over the property, except with the consent of—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/180/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/180/1/a" id="section-180-1-a"><Pnumber>a</Pnumber><P3para><Text>in the case of property provided as cover for margin <Addition ChangeId="key-eea7b65d97334be0722f31e8a54e2fda-1539102876756" CommentaryRef="key-eea7b65d97334be0722f31e8a54e2fda">or as default fund contribution</Addition>,  <Substitution ChangeId="key-f0fea6c69ff8bcb0c4feeb8c34bc6fbf-1565006042947" CommentaryRef="key-f0fea6c69ff8bcb0c4feeb8c34bc6fbf">the recognised body</Substitution>  in question, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/180/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/180/1/b" id="section-180-1-b"><Pnumber>b</Pnumber><P3para><Text>in the case of property subject to a market charge, the person in whose favour the charge was granted.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/180/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/180/2" id="section-180-2"><Pnumber>2</Pnumber><P2para><Text>Where consent is given the proceedings may be commenced or continued notwithstanding any provision of the <CommentaryRef Ref="c13696321"/>Insolvency Act 1986 or the <CommentaryRef Ref="c13696331"/>Bankruptcy (Scotland) Act  <Substitution ChangeId="key-7d1ef99752ca5f5c3c689ec5fc67ee53-1564744760653" CommentaryRef="key-7d1ef99752ca5f5c3c689ec5fc67ee53">2016</Substitution>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/180/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/180/3" id="section-180-3"><Pnumber>3</Pnumber><P2para><Text>Where by virtue of this section a person would not be entitled to enforce a judgment or order against any property, any injunction or other remedy granted with a view to facilitating the enforcement of any such judgment or order shall not extend to that property.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/180/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/180/4" id="section-180-4"><Pnumber>4</Pnumber><P2para><Text>In the application of this section to Scotland, the reference to execution being commenced or continued includes a reference to diligence being carried out or continued, and the reference to distress being levied shall be omitted.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2001-12-01" ConfersPower="true"><Title> Power to apply provisions to other cases.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/181" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/181" id="section-181"><Pnumber><CommentaryRef Ref="c13696361"/><CommentaryRef Ref="c13696371"/>181</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/181/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/181/1" id="section-181-1"><Pnumber>1</Pnumber><P2para><Text><Addition ChangeId="d29p10651" CommentaryRef="c13696381">A power to which this subsection applies includes the</Addition> power to apply sections 177 to 180 to any description of property provided as cover for margin in relation to contracts in relation to which the power is exercised or, as the case may be, property subject to charges in relation to which the power is exercised.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/181/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/181/2" id="section-181-2"><Pnumber>2</Pnumber><P2para><Text>The regulations may provide that those sections apply with such exceptions, additions and adaptations as may be specified in the regulations.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/181/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/181/3" id="section-181-3"><Pnumber><Addition ChangeId="d29p10661" CommentaryRef="c13696391">3</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p10661" CommentaryRef="c13696391">Subsection (1) applies to the powers of the Secretary of State and the Treasury to act jointly under—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/181/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/181/3/a" id="section-181-3-a"><Pnumber><Addition ChangeId="d29p10661" CommentaryRef="c13696391">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10661" CommentaryRef="c13696391">sections 170, 172 and 176 of this Act; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/181/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/181/3/b" id="section-181-3-b"><Pnumber><Addition ChangeId="d29p10661" CommentaryRef="c13696391">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p10661" CommentaryRef="c13696391">section 301 of the Financial Services and Markets Act 2000 (supervision of certain contracts).</Addition></Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/VII/crossheading/supplementary-provisions" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/VII/crossheading/supplementary-provisions" NumberOfProvisions="12" RestrictExtent="E+W+S+N.I." id="part-VII-crossheading-supplementary-provisions" RestrictStartDate="2020-12-31"><Title> Supplementary provisions</Title><P1group RestrictExtent="E+W+S" RestrictStartDate="2016-11-30"><Title> Powers of court in relation to certain proceedings begun before commencement.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182" id="section-182"><Pnumber><CommentaryRef Ref="c13696431"/><CommentaryRef Ref="c13696441"/>182</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/1" id="section-182-1"><Pnumber>1</Pnumber><P2para><Text>The powers conferred by this section are exercisable by the court where insolvency proceedings in respect of—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/1/a" id="section-182-1-a"><Pnumber>a</Pnumber><P3para><Text>a member of a recognised investment exchange or a recognised clearing house, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/1/b" id="section-182-1-b"><Pnumber>b</Pnumber><P3para><Text>a person by whom a market charge has been granted,</Text></P3para></P3><Text>are begun on or after 22nd December 1988 and before the commencement of this section.</Text></P2para><P2para><Text>That person is referred to in this section as “<Term id="term-the-relevant-person">the relevant person</Term>”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/2" id="section-182-2"><Pnumber>2</Pnumber><P2para><Text>For the purposes of this section “<Term id="term-insolvency-proceedings">insolvency proceedings</Term>” means proceedings under Part II, <Acronym Expansion="4">IV</Acronym>, V or <Acronym Expansion="9">IX</Acronym> of the <CommentaryRef Ref="c13696451"/>Insolvency Act 1986 (administration, winding up and bankruptcy) or under the Bankruptcy (Scotland) Act  <Substitution ChangeId="key-23d5225af46ccf602fb7d60cdd4b464d-1564744931410" CommentaryRef="key-23d5225af46ccf602fb7d60cdd4b464d">2016</Substitution>; and references in this section to the beginning of such proceedings are to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/2/za" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/2/za" id="section-182-2-za"><Pnumber><Addition ChangeId="key-451ab69157e1ce0fcc67787ee792e6c1-1564742064154" CommentaryRef="key-451ab69157e1ce0fcc67787ee792e6c1">za</Addition></Pnumber><P3para><Text><Addition ChangeId="key-451ab69157e1ce0fcc67787ee792e6c1-1564742064154" CommentaryRef="key-451ab69157e1ce0fcc67787ee792e6c1">the making of a bankruptcy application on which a bankruptcy order is made,</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/2/a" id="section-182-2-a"><Pnumber>a</Pnumber><P3para><Text>the presentation of a petition on which an administration order, winding-up order, bankruptcy order or award of sequestration is made, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/2/b" id="section-182-2-b"><Pnumber>b</Pnumber><P3para><Text>the passing of a resolution for voluntary winding up.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/3" id="section-182-3"><Pnumber>3</Pnumber><P2para><Text>This section applies in relation to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/3/a" id="section-182-3-a"><Pnumber>a</Pnumber><P3para><Text>in England and Wales, the administration of the insolvent estate of a deceased person, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/3/b" id="section-182-3-b"><Pnumber>b</Pnumber><P3para><Text>in Scotland, the administration by a judicial factor appointed under section 11A of the <CommentaryRef Ref="c13696471"/>Judicial Factors (Scotland) Act 1889 of the insolvent estate of a deceased person,</Text></P3para></P3><Text>as it applies in relation to insolvency proceedings.</Text></P2para><P2para><Text>In such a case references to the beginning of the proceedings shall be construed as references to the death of the relevant person.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/4" id="section-182-4"><Pnumber>4</Pnumber><P2para><Text>The court may on an application made, within three months after the commencement of this section, by—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/4/a" id="section-182-4-a"><Pnumber>a</Pnumber><P3para><Text>a recognised investment exchange or recognised clearing house, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/4/b" id="section-182-4-b"><Pnumber>b</Pnumber><P3para><Text>a person in whose favour a market charge has been granted,</Text></P3para></P3><Text>make such order as it thinks fit for achieving, except so far as assets of the relevant person have been distributed before the making of the application, the same result as if the provisions of Schedule 22 had come into force on 22nd December 1988.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/5" id="section-182-5"><Pnumber>5</Pnumber><P2para><Text>The provisions of that Schedule (“the relevant provisions”) reproduce the effect of certain provisions of this Part as they appeared in the Bill for this Act as introduced into the House of Lords and published on that date.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/6" id="section-182-6"><Pnumber>6</Pnumber><P2para><Text>The court may in particular—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/6/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/6/a" id="section-182-6-a"><Pnumber>a</Pnumber><P3para><Text>require the relevant person or a relevant office-holder—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/6/a/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/6/a/i" id="section-182-6-a-i"><Pnumber>i</Pnumber><P4para><Text>to return property provided as cover for margin or which was subject to a market charge, or to pay to the applicant or any other person the proceeds of realisation of such property, or</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/6/a/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/6/a/ii" id="section-182-6-a-ii"><Pnumber>ii</Pnumber><P4para><Text>to pay to the applicant or any other person such amount as the court estimates would have been payable to that person if the relevant provisions had come into force on 22nd December 1988 and market contracts had been settled in accordance with the rules of the recognised investment exchange or recognised clearing house, or a proportion of that amount if the property of the relevant person or relevant office-holder is not sufficient to meet the amount in full;</Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/6/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/6/b" id="section-182-6-b"><Pnumber>b</Pnumber><P3para><Text>provide that contracts, rules and dispositions shall be treated as not having been void;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/6/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/6/c" id="section-182-6-c"><Pnumber>c</Pnumber><P3para><Text>modify the functions of a relevant office-holder, or the duties of the applicant or any other person, in relation to the insolvency proceedings, or indemnify any such person in respect of acts or omissions which would have been proper if the relevant provisions had been in force;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/6/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/6/d" id="section-182-6-d"><Pnumber>d</Pnumber><P3para><Text>provide that conduct which constituted an offence be treated as not having done so;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/6/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/6/e" id="section-182-6-e"><Pnumber>e</Pnumber><P3para><Text>dismiss proceedings which could not have been brought if the relevant provisions had come into force on 22nd December 1988, and reverse the effect of any order of a court which could not, or would not, have been made if those provisions had come into force on that date.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182/7" id="section-182-7"><Pnumber>7</Pnumber><P2para><Text>An order under this section shall not be made against a relevant office-holder if the effect would be that his remuneration, costs and expenses could not be met.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2018-01-03"><Title><Addition ChangeId="key-a415db5e050a8dfb20990a7418154458-1561236938553" CommentaryRef="key-a415db5e050a8dfb20990a7418154458">Recognised central counterparties: disapplication of provisions on mutual credit and set-off</Addition></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182A" id="section-182A"><Pnumber PuncAfter="."><Addition ChangeId="key-a415db5e050a8dfb20990a7418154458-1561236938553" CommentaryRef="key-a415db5e050a8dfb20990a7418154458">182A</Addition></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182A/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182A/1" id="section-182A-1"><Pnumber><Addition ChangeId="key-a415db5e050a8dfb20990a7418154458-1561236938553" CommentaryRef="key-a415db5e050a8dfb20990a7418154458">1</Addition></Pnumber><P2para><Text><Addition ChangeId="key-a415db5e050a8dfb20990a7418154458-1561236938553" CommentaryRef="key-a415db5e050a8dfb20990a7418154458">Nothing in the law of insolvency shall enable the setting off against each other of—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182A/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182A/1/a" id="section-182A-1-a"><Pnumber><Addition ChangeId="key-a415db5e050a8dfb20990a7418154458-1561236938553" CommentaryRef="key-a415db5e050a8dfb20990a7418154458">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-a415db5e050a8dfb20990a7418154458-1561236938553" CommentaryRef="key-a415db5e050a8dfb20990a7418154458">positions and assets recorded in an account at a recognised central counterparty and held for the account of a client, an indirect client or a group of clients or indirect clients in accordance with Article 39 of the EMIR Level 1 Regulation  </Addition><Addition ChangeId="key-a415db5e050a8dfb20990a7418154458-1561236938553" CommentaryRef="key-a415db5e050a8dfb20990a7418154458"><Substitution ChangeId="key-ab94561b1b162ec9574fefe15298bf35-1565180488934" CommentaryRef="key-ab94561b1b162ec9574fefe15298bf35">, Article 3(1) of the EMIR Level 2 Regulation or Article 3(1) of the MIFIR Level 2 Regulation</Substitution></Addition><Addition ChangeId="key-a415db5e050a8dfb20990a7418154458-1561236938553" CommentaryRef="key-a415db5e050a8dfb20990a7418154458">; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182A/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182A/1/b" id="section-182A-1-b"><Pnumber><Addition ChangeId="key-a415db5e050a8dfb20990a7418154458-1561236938553" CommentaryRef="key-a415db5e050a8dfb20990a7418154458">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-a415db5e050a8dfb20990a7418154458-1561236938553" CommentaryRef="key-a415db5e050a8dfb20990a7418154458">positions and assets recorded in any other account at the recognised central counterparty.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182A/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182A/2" id="section-182A-2"><Pnumber><Addition ChangeId="key-d1c95ad74e44d61be0f434782d0f890c-1564735489578" CommentaryRef="key-d1c95ad74e44d61be0f434782d0f890c">2</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1c95ad74e44d61be0f434782d0f890c-1564735489578" CommentaryRef="key-d1c95ad74e44d61be0f434782d0f890c">Nothing in the law of insolvency shall enable the setting off against each other of—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182A/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182A/2/a" id="section-182A-2-a"><Pnumber><Addition ChangeId="key-d1c95ad74e44d61be0f434782d0f890c-1564735489578" CommentaryRef="key-d1c95ad74e44d61be0f434782d0f890c">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1c95ad74e44d61be0f434782d0f890c-1564735489578" CommentaryRef="key-d1c95ad74e44d61be0f434782d0f890c">positions and assets recorded in an account at a clearing member and held for the account of an indirect client or a group of indirect clients in accordance with  </Addition><Addition ChangeId="key-d1c95ad74e44d61be0f434782d0f890c-1564735489578" CommentaryRef="key-d1c95ad74e44d61be0f434782d0f890c"><Substitution ChangeId="key-b746d784514a2ea39f10db3544ae2e4e-1565180528442" CommentaryRef="key-b746d784514a2ea39f10db3544ae2e4e">Article 4(2) of the EMIR Level 2 Regulation or Article 4(2) of the MIFIR Level 2 Regulation</Substitution></Addition><Addition ChangeId="key-d1c95ad74e44d61be0f434782d0f890c-1564735489578" CommentaryRef="key-d1c95ad74e44d61be0f434782d0f890c">; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/182A/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182A/2/b" id="section-182A-2-b"><Pnumber><Addition ChangeId="key-d1c95ad74e44d61be0f434782d0f890c-1564735489578" CommentaryRef="key-d1c95ad74e44d61be0f434782d0f890c">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1c95ad74e44d61be0f434782d0f890c-1564735489578" CommentaryRef="key-d1c95ad74e44d61be0f434782d0f890c">positions and assets recorded in any other account at the clearing member.</Addition></Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2020-12-31"><Title> Insolvency proceedings in other jurisdictions.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/183" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/183" id="section-183"><Pnumber><CommentaryRef Ref="c13696531"/>183</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/183/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/183/1" id="section-183-1"><Pnumber>1</Pnumber><P2para><Text>The references to insolvency law in section 426 of the <CommentaryRef Ref="c13696541"/>Insolvency Act 1986 (co-operation with courts exercising insolvency jurisdiction in other jurisdictions) include, in relation to a part of the United Kingdom, the provisions made by or under this Part and, in relation to a relevant country or territory within the meaning of that section, so much of the law of that country or territory as corresponds to any provisions made by or under this Part.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/183/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/183/2" id="section-183-2"><Pnumber>2</Pnumber><P2para><Text>A court shall not, in pursuance of that section or any other enactment or rule of law, recognise or give effect to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/183/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/183/2/a" id="section-183-2-a"><Pnumber>a</Pnumber><P3para><Text>any order of a court exercising jurisdiction in relation to insolvency law in a country or territory outside the United Kingdom, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/183/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/183/2/b" id="section-183-2-b"><Pnumber>b</Pnumber><P3para><Text>any act of a person appointed in such a country or territory to discharge any functions under insolvency law,</Text></P3para></P3><Text>in so far as the making of the order or the doing of the act would be prohibited in the case of a court in the United Kingdom or a relevant office-holder by provisions made by or under this Part.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/183/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/183/3" id="section-183-3"><Pnumber>3</Pnumber><P2para><Text>Subsection (2) does not affect the recognition or enforcement of a judgment required to be recognised or enforced under or by virtue of the <CommentaryRef Ref="c13696551"/>Civil Jurisdiction and Judgments Act 1982<CommentaryRef Ref="key-51cc6725e2733bf8fdc6f5871ccff59d"/>....</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2017-11-28"><Title> Indemnity for certain acts, &amp;c.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/184" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/184" id="section-184"><Pnumber><CommentaryRef Ref="c13696581"/>184</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/184/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/184/1" id="section-184-1"><Pnumber>1</Pnumber><P2para><Text>Where a relevant office-holder takes any action in relation to property of a defaulter which is liable to be dealt with in accordance with the default rules of a  <Substitution ChangeId="key-001f0432ecf21ee0232080dc9e70b94b-1565006384070" CommentaryRef="key-001f0432ecf21ee0232080dc9e70b94b">recognised body</Substitution>, and believes and has reasonable grounds for believing that he is entitled to take that action, he is not liable to any person in respect of any loss or damage resulting from his action except in so far as the loss or damage is caused by the office-holder’s own negligence.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/184/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/184/2" id="section-184-2"><Pnumber>2</Pnumber><P2para><Text>Any failure by a  <Substitution ChangeId="key-549b63858898f3ceb8e26599dad62230-1565006401892" CommentaryRef="key-549b63858898f3ceb8e26599dad62230">recognised body</Substitution>  to comply with its own rules in respect of any matter shall not prevent that matter being treated for the purposes of this Part as done in accordance with those rules so long as the failure does not substantially affect the rights of any person entitled to require compliance with the rules.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/184/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/184/3" id="section-184-3"><Pnumber>3</Pnumber><P2para><Text>No  <Substitution ChangeId="key-a693ec49e5b0e4341604558306c66574-1565006415828" CommentaryRef="key-a693ec49e5b0e4341604558306c66574">recognised body</Substitution>, nor any officer or servant or member of the governing body of a  <Substitution ChangeId="key-a693ec49e5b0e4341604558306c66574-1565006433714" CommentaryRef="key-a693ec49e5b0e4341604558306c66574">recognised body</Substitution>, shall be liable in damages for anything done or omitted in the discharge or purported discharge of any functions to which this subsection applies unless the act or omission is shown to have been in bad faith.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/184/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/184/4" id="section-184-4"><Pnumber>4</Pnumber><P2para><Text>The functions to which subsection (3) applies are the functions of  <Substitution ChangeId="key-02f9f701b9a10f53918501a4bae65a19-1565006353549" CommentaryRef="key-02f9f701b9a10f53918501a4bae65a19">the recognised body</Substitution>  so far as relating to, or to matters arising out of—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/184/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/184/4/a" id="section-184-4-a"><Pnumber>a</Pnumber><P3para><Text>its default rules, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/184/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/184/4/b" id="section-184-4-b"><Pnumber>b</Pnumber><P3para><Text>any obligations to which it is subject by virtue of this Part.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/184/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/184/5" id="section-184-5"><Pnumber>5</Pnumber><P2para><Text>No person <Addition ChangeId="d29p10954" CommentaryRef="c13696591">to whom the exercise of any function of a  </Addition><Addition ChangeId="d29p10954" CommentaryRef="c13696591"><Substitution ChangeId="key-193098fa9e33257a59b410004c19da59-1565006464753" CommentaryRef="key-193098fa9e33257a59b410004c19da59">recognised body</Substitution></Addition><Addition ChangeId="d29p10954" CommentaryRef="c13696591">  is delegated under its default rules</Addition>, nor any officer or servant of such a person, shall be liable in damages for anything done or omitted in the discharge or purported discharge of those functions unless the act or omission is shown to have been in bad faith.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2001-12-01"><Title> Power to make further provision by regulations.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/185" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/185" id="section-185"><Pnumber><CommentaryRef Ref="c13696621"/><CommentaryRef Ref="c13696631"/>185</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/185/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/185/1" id="section-185-1"><Pnumber>1</Pnumber><P2para><Text>The Secretary of State may by regulations make such further provision as appears to him necessary or expedient for the purposes of this Part.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/185/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/185/2" id="section-185-2"><Pnumber>2</Pnumber><P2para><Text>Provision may, in particular, be made—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/185/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/185/2/a" id="section-185-2-a"><Pnumber>a</Pnumber><P3para><Text>for integrating the provisions of this Part with the general law of insolvency, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/185/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/185/2/b" id="section-185-2-b"><Pnumber>b</Pnumber><P3para><Text>for adapting the provisions of this Part in their application to overseas investment exchanges and clearing houses.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/185/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/185/3" id="section-185-3"><Pnumber>3</Pnumber><P2para><Text>Regulations under this section may add to, amend or repeal any of the provisions of this Part or provide that those provisions have effect subject to such additions, exceptions or adaptations as are specified in the regulations.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/185/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/185/4" id="section-185-4"><Pnumber><Addition ChangeId="d29p10998" CommentaryRef="c13696641">4</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p10998" CommentaryRef="c13696641">References in this section to the provisions of this Part include any provision made under section 301 of the Financial Services and Markets Act 2000.</Addition></Text></P2para></P2></P1para></P1></P1group><P1group ConfersPower="true" RestrictStartDate="1991-03-25"><Title> Supplementary provisions as to regulations.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/186" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/186" id="section-186"><Pnumber><CommentaryRef Ref="c13696651"/><CommentaryRef Ref="c13696661"/>186</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/186/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/186/1" id="section-186-1"><Pnumber>1</Pnumber><P2para><Text>Regulations under this Part may make different provision for different cases and may contain such incidental, transitional and other supplementary provisions as appear to the Secretary of State to be necessary or expedient.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/186/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/186/2" id="section-186-2"><Pnumber>2</Pnumber><P2para><Text>Regulations under this Part shall be made by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.</Text></P2para></P2></P1para></P1></P1group><P1group ConfersPower="true" RestrictExtent="E+W+S+N.I." RestrictStartDate="2013-04-01"><Title> Construction of references to parties to market contracts.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/187" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/187" id="section-187"><Pnumber><CommentaryRef Ref="c13696671"/><CommentaryRef Ref="c13696681"/>187</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/187/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/187/1" id="section-187-1"><Pnumber>1</Pnumber><P2para><Text>Where a person enters into market contracts in more than one capacity, the provisions of this Part apply (subject as follows) as if the contracts entered into in each different capacity were entered into by different persons.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/187/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/187/2" id="section-187-2"><Pnumber>2</Pnumber><P2para><Text>References in this Part to a market contract to which a person is a party include (subject as follows, and unless the context otherwise requires) contracts to which he is party as agent.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/187/2A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/187/2A" id="section-187-2A"><Pnumber><Addition ChangeId="key-2b728c3bc03efafc711ed324673ddbe0-1561220173490" CommentaryRef="key-2b728c3bc03efafc711ed324673ddbe0">2A</Addition></Pnumber><P2para><Text><Addition ChangeId="key-2b728c3bc03efafc711ed324673ddbe0-1561220173490" CommentaryRef="key-2b728c3bc03efafc711ed324673ddbe0">Subsections (1) and (2) do not apply to market contracts to which this Part applies by virtue of section 155(2B).</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/187/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/187/3" id="section-187-3"><Pnumber>3</Pnumber><P2para><Text>The Secretary of State may by regulations—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/187/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/187/3/a" id="section-187-3-a"><Pnumber>a</Pnumber><P3para><Text>modify or exclude the operation of subsections (1) and (2), and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/187/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/187/3/b" id="section-187-3-b"><Pnumber>b</Pnumber><P3para><Text>make provision as to the circumstances in which a person is to be regarded for the purposes of those provisions as acting in different capacities.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2018-01-03"><Title> Meaning of “default rules” and related expressions.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188" id="section-188"><Pnumber><CommentaryRef Ref="c13696691"/>188</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/1" id="section-188-1"><Pnumber>1</Pnumber><P2para><Text>In this Part “<Term id="term-default-rules">default rules</Term>” means rules of a  <Substitution ChangeId="key-3622169285d6228c7e0e322047592a36-1565173160831" CommentaryRef="key-3622169285d6228c7e0e322047592a36">recognised body</Substitution>  which provide for the taking of action in the event of a person <Addition ChangeId="key-bdc5696b6e3967ab8fd4e1ac22101e2c-1539105277298" CommentaryRef="key-bdc5696b6e3967ab8fd4e1ac22101e2c">(including another  </Addition><Addition ChangeId="key-bdc5696b6e3967ab8fd4e1ac22101e2c-1539105277298" CommentaryRef="key-bdc5696b6e3967ab8fd4e1ac22101e2c"><Substitution ChangeId="key-3622169285d6228c7e0e322047592a36-1565173179065" CommentaryRef="key-3622169285d6228c7e0e322047592a36">recognised body</Substitution></Addition><Addition ChangeId="key-bdc5696b6e3967ab8fd4e1ac22101e2c-1539105277298" CommentaryRef="key-bdc5696b6e3967ab8fd4e1ac22101e2c">)</Addition>  appearing to be unable, or likely to become unable, to meet his obligations in respect of one or more market contracts  <Substitution ChangeId="key-b124a3280971277f74a4608517eef856-1562164026962" CommentaryRef="key-b124a3280971277f74a4608517eef856">connected with  </Substitution><Substitution ChangeId="key-b124a3280971277f74a4608517eef856-1562164026962" CommentaryRef="key-b124a3280971277f74a4608517eef856"><Substitution ChangeId="key-a8f516f74de61e3d2cb59b6b7715375a-1565173213675" CommentaryRef="key-a8f516f74de61e3d2cb59b6b7715375a">the recognised body</Substitution></Substitution><Substitution ChangeId="key-b124a3280971277f74a4608517eef856-1562164026962" CommentaryRef="key-b124a3280971277f74a4608517eef856">, </Substitution><CommentaryRef Ref="key-80016533191bd2a96173e215f71bf1d1"/><Substitution ChangeId="key-b124a3280971277f74a4608517eef856-1562164026962" CommentaryRef="key-b124a3280971277f74a4608517eef856">....</Substitution> </Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/1A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/1A" id="section-188-1A"><Pnumber><Addition ChangeId="key-3bc0cc9948671fa667fc4073824f53ff-1564735657064" CommentaryRef="key-3bc0cc9948671fa667fc4073824f53ff">1A</Addition></Pnumber><P2para><Text><Addition ChangeId="key-3bc0cc9948671fa667fc4073824f53ff-1564735657064" CommentaryRef="key-3bc0cc9948671fa667fc4073824f53ff">In the case of a recognised central counterparty, “default rules” includes—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/1A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/1A/a" id="section-188-1A-a"><Pnumber><Addition ChangeId="key-3bc0cc9948671fa667fc4073824f53ff-1564735657064" CommentaryRef="key-3bc0cc9948671fa667fc4073824f53ff">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-3bc0cc9948671fa667fc4073824f53ff-1564735657064" CommentaryRef="key-3bc0cc9948671fa667fc4073824f53ff">the default procedures referred to in Article 48 of the </Addition><Abbreviation Expansion="Regulation (EU) 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories"><Addition ChangeId="key-3bc0cc9948671fa667fc4073824f53ff-1564735657064" CommentaryRef="key-3bc0cc9948671fa667fc4073824f53ff">EMIR</Addition></Abbreviation><Addition ChangeId="key-3bc0cc9948671fa667fc4073824f53ff-1564735657064" CommentaryRef="key-3bc0cc9948671fa667fc4073824f53ff"> Level 1 Regulation; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/1A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/1A/b" id="section-188-1A-b"><Pnumber><Addition ChangeId="key-3bc0cc9948671fa667fc4073824f53ff-1564735657064" CommentaryRef="key-3bc0cc9948671fa667fc4073824f53ff">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-3bc0cc9948671fa667fc4073824f53ff-1564735657064" CommentaryRef="key-3bc0cc9948671fa667fc4073824f53ff">any rules of the recognised central counterparty which provide for the taking of action in accordance with a request or instruction from a clearing member under the default procedures referred to in  </Addition><Addition ChangeId="key-3bc0cc9948671fa667fc4073824f53ff-1564735657064" CommentaryRef="key-3bc0cc9948671fa667fc4073824f53ff"><Substitution ChangeId="key-f954d8d07239d6a0d3bbd77c8d587ee1-1565180706814" CommentaryRef="key-f954d8d07239d6a0d3bbd77c8d587ee1">Article 4(6) and (7) of the EMIR Level 2 Regulation or Article 4(6) and (7) of the MIFIR Level 2 Regulation</Substitution></Addition><Addition ChangeId="key-3bc0cc9948671fa667fc4073824f53ff-1564735657064" CommentaryRef="key-3bc0cc9948671fa667fc4073824f53ff">  in respect of assets or positions held by the recognised central counterparty for the account of an indirect client or group of indirect clients.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/1B" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/1B" id="section-188-1B"><Pnumber><Addition ChangeId="key-485f12f3030ce23c6ee8b748bd71127f-1565173119731" CommentaryRef="key-485f12f3030ce23c6ee8b748bd71127f">1B</Addition></Pnumber><P2para><Text><Addition ChangeId="key-485f12f3030ce23c6ee8b748bd71127f-1565173119731" CommentaryRef="key-485f12f3030ce23c6ee8b748bd71127f">In the case of a recognised CSD, “default rules” includes the default rules and procedures referred to in Article 41 of the CSD regulation.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/2" id="section-188-2"><Pnumber>2</Pnumber><P2para><Text>References in this Part to a “<Term id="term-defaulter">defaulter</Term>” are to a person in respect of whom action has been taken by  <Substitution ChangeId="key-e7e123fe3a169a053ef04878354c7168-1565173308381" CommentaryRef="key-e7e123fe3a169a053ef04878354c7168">a recognised body</Substitution>  under its default rules, whether by declaring him to be a defaulter or otherwise; and references in this Part to “<Term id="term-default">default</Term>”<Addition ChangeId="key-585313f3c3a28f3ee7b403762bf4f333-1562164060679" CommentaryRef="key-585313f3c3a28f3ee7b403762bf4f333">, “defaulting” and “non-defaulting”</Addition>  shall be construed accordingly.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/2A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/2A" id="section-188-2A"><Pnumber><Addition ChangeId="key-736dec3ee31a409943c19af56e25ec53-1564735690226" CommentaryRef="key-736dec3ee31a409943c19af56e25ec53">2A</Addition></Pnumber><P2para><Text><Addition ChangeId="key-736dec3ee31a409943c19af56e25ec53-1564735690226" CommentaryRef="key-736dec3ee31a409943c19af56e25ec53">For the purposes of subsection (2), where a recognised central counterparty takes action under the rules referred to in subsection (1A)(b), the action is to be treated as taken in respect of the client providing the indirect clearing services.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3" id="section-188-3"><Pnumber>3</Pnumber><P2para><Text>In this Part “<Term id="term-default-proceedings">default proceedings</Term>” means proceedings taken by  <Substitution ChangeId="key-f71bc62389aa27695f3c54932886ee54-1565173330928" CommentaryRef="key-f71bc62389aa27695f3c54932886ee54">a recognised body</Substitution>  under its default rules.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A" id="section-188-3A"><Pnumber><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">3A</Addition></Pnumber><P2para><Text><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">In this Part “default fund contribution” means—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/a" id="section-188-3A-a"><Pnumber><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">contribution by a member or designated non-member of a recognised investment exchange to a fund which—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/a/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/a/i" id="section-188-3A-a-i"><Pnumber><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">i</Addition></Pnumber><P4para><Text><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">is maintained by that exchange for the purpose of covering losses arising in connection with defaults by any of the members of the exchange, or defaults by any of the members or designated non-members of the exchange, and</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/a/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/a/ii" id="section-188-3A-a-ii"><Pnumber><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">may be applied for that purpose under the default rules of the exchange;</Addition></Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/b" id="section-188-3A-b"><Pnumber><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">contribution by a member of a recognised clearing house to a fund which—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/b/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/b/i" id="section-188-3A-b-i"><Pnumber><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">i</Addition></Pnumber><P4para><Text><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">is maintained by that clearing house for the purpose of covering losses arising in connection with defaults by any of the members of the clearing house, and</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/b/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/b/ii" id="section-188-3A-b-ii"><Pnumber><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">may be applied for that purpose under the default rules of the clearing house;</Addition></Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/c" id="section-188-3A-c"><Pnumber><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">contribution by a recognised clearing house to a fund which—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/c/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/c/i" id="section-188-3A-c-i"><Pnumber><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da"><Substitution ChangeId="key-eaca0710356f4027e8e22bb80708ac4b-1565173369848" CommentaryRef="key-eaca0710356f4027e8e22bb80708ac4b">i</Substitution></Addition></Pnumber><P4para><Text><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da"><Substitution ChangeId="key-eaca0710356f4027e8e22bb80708ac4b-1565173369848" CommentaryRef="key-eaca0710356f4027e8e22bb80708ac4b">is maintained by another recognised body (A) for the purpose of covering losses arising in connection with defaults by recognised bodies other than A or by any of their members, and</Substitution></Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/c/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/c/ii" id="section-188-3A-c-ii"><Pnumber><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">may be applied for that purpose under A’s default rules; </Addition><CommentaryRef Ref="key-cef15e2edd2d4fbb62b2978dd4851f00"/><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">...</Addition></Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/d" id="section-188-3A-d"><Pnumber><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">d</Addition></Pnumber><P3para><Text><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">contribution by a recognised investment exchange to a fund which—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/d/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/d/i" id="section-188-3A-d-i"><Pnumber><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da"><Substitution ChangeId="key-501212f36b32007db5cb83151015c90b-1565173482769" CommentaryRef="key-501212f36b32007db5cb83151015c90b">i</Substitution></Addition></Pnumber><P4para><Text><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da"><Substitution ChangeId="key-501212f36b32007db5cb83151015c90b-1565173482769" CommentaryRef="key-501212f36b32007db5cb83151015c90b">is maintained by another recognised body (A) for the purpose of covering losses arising in connection with defaults by recognised bodies other than A or by any of their members, and</Substitution></Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/d/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/d/ii" id="section-188-3A-d-ii"><Pnumber><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-a12aa990db7ef6f357eb64a343f2f9da-1539105209017" CommentaryRef="key-a12aa990db7ef6f357eb64a343f2f9da">may be applied for that purpose under A’s default rules.</Addition></Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/e" id="section-188-3A-e"><Pnumber><Addition ChangeId="key-0f16532e0833a8e001e995dc08b734da-1565173265656" CommentaryRef="key-0f16532e0833a8e001e995dc08b734da">e</Addition></Pnumber><P3para><Text><Addition ChangeId="key-0f16532e0833a8e001e995dc08b734da-1565173265656" CommentaryRef="key-0f16532e0833a8e001e995dc08b734da">contribution by a member of a recognised CSD to a fund which—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/e/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/e/i" id="section-188-3A-e-i"><Pnumber><Addition ChangeId="key-0f16532e0833a8e001e995dc08b734da-1565173265656" CommentaryRef="key-0f16532e0833a8e001e995dc08b734da">i</Addition></Pnumber><P4para><Text><Addition ChangeId="key-0f16532e0833a8e001e995dc08b734da-1565173265656" CommentaryRef="key-0f16532e0833a8e001e995dc08b734da">is maintained by that central securities depository for the purpose of covering losses arising in connection with defaults by any of the members of the central securities depository, and</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/e/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/e/ii" id="section-188-3A-e-ii"><Pnumber><Addition ChangeId="key-0f16532e0833a8e001e995dc08b734da-1565173265656" CommentaryRef="key-0f16532e0833a8e001e995dc08b734da">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-0f16532e0833a8e001e995dc08b734da-1565173265656" CommentaryRef="key-0f16532e0833a8e001e995dc08b734da">may be applied for that purpose under the default rules of the central securities depository; or</Addition></Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/f" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/f" id="section-188-3A-f"><Pnumber><Addition ChangeId="key-0f16532e0833a8e001e995dc08b734da-1565173265656" CommentaryRef="key-0f16532e0833a8e001e995dc08b734da">f</Addition></Pnumber><P3para><Text><Addition ChangeId="key-0f16532e0833a8e001e995dc08b734da-1565173265656" CommentaryRef="key-0f16532e0833a8e001e995dc08b734da">contribution by a recognised CSD to a fund which—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/f/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/f/i" id="section-188-3A-f-i"><Pnumber><Addition ChangeId="key-0f16532e0833a8e001e995dc08b734da-1565173265656" CommentaryRef="key-0f16532e0833a8e001e995dc08b734da">i</Addition></Pnumber><P4para><Text><Addition ChangeId="key-0f16532e0833a8e001e995dc08b734da-1565173265656" CommentaryRef="key-0f16532e0833a8e001e995dc08b734da">is maintained by another recognised body (A) for the purpose of covering losses arising in connection with defaults by recognised bodies other than A or by any of their members, and</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/3A/f/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/3A/f/ii" id="section-188-3A-f-ii"><Pnumber><Addition ChangeId="key-0f16532e0833a8e001e995dc08b734da-1565173265656" CommentaryRef="key-0f16532e0833a8e001e995dc08b734da">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-0f16532e0833a8e001e995dc08b734da-1565173265656" CommentaryRef="key-0f16532e0833a8e001e995dc08b734da">may be applied for that purpose under A’s default rules.</Addition></Text></P4para></P4></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/188/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/4" id="section-188-4"><Pnumber>4</Pnumber><P2para><Text>If  <Substitution ChangeId="key-3cd4daeb676b40bacf74b033f9542795-1565173531088" CommentaryRef="key-3cd4daeb676b40bacf74b033f9542795">a recognised body</Substitution>  takes action under its default rules in respect of a person, all subsequent proceedings under its rules for the purposes of or in connection with the settlement of market contracts to which the defaulter is a party shall be treated as done under its default rules.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2016-11-30"><Title> Meaning of “relevant office-holder”.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/189" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/189" id="section-189"><Pnumber><CommentaryRef Ref="c13696721"/>189</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/189/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/189/1" id="section-189-1"><Pnumber>1</Pnumber><P2para><Text>The following are relevant office-holders for the purposes of this Part—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/189/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/189/1/a" id="section-189-1-a"><Pnumber>a</Pnumber><P3para><Text>the official receiver,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/189/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/189/1/b" id="section-189-1-b"><Pnumber>b</Pnumber><P3para><Text>any person acting in relation to a company as its liquidator, provisional liquidator, administrator or administrative receiver,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/189/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/189/1/c" id="section-189-1-c"><Pnumber>c</Pnumber><P3para><Text>any person acting in relation to an individual (or, in Scotland, any debtor within the meaning of the Bankruptcy (Scotland) Act  <Substitution ChangeId="key-c9c229906404d805e3414b3bb42426e7-1564745108328" CommentaryRef="key-c9c229906404d805e3414b3bb42426e7">2016</Substitution>) as his trustee in bankruptcy or interim receiver of his property or as  <Substitution ChangeId="key-e248ffdc392e9352e2221a9f634a85fd-1564745145213" CommentaryRef="key-e248ffdc392e9352e2221a9f634a85fd">trustee</Substitution>  or interim trustee in the sequestration of his estate,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/189/1/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/189/1/d" id="section-189-1-d"><Pnumber>d</Pnumber><P3para><Text>any person acting as administrator of an insolvent estate of a deceased person.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/189/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/189/2" id="section-189-2"><Pnumber>2</Pnumber><P2para><Text>In subsection (1)(b) “<Term id="term-company">company</Term>” means any company, society, association, partnership or other body which may be wound up under the <CommentaryRef Ref="c13696741"/>Insolvency Act 1986.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictStartDate="2013-08-26"><Title><Addition ChangeId="key-bc1f7ca14dfa356a1e11df77d53b00b8-1564733360883" CommentaryRef="key-bc1f7ca14dfa356a1e11df77d53b00b8">Meaning of “transfer”</Addition></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/189A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/189A" id="section-189A"><Pnumber PuncAfter="."><Addition ChangeId="key-bc1f7ca14dfa356a1e11df77d53b00b8-1564733360883" CommentaryRef="key-bc1f7ca14dfa356a1e11df77d53b00b8">189A</Addition></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/189A/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/189A/1" id="section-189A-1"><Pnumber><Addition ChangeId="key-bc1f7ca14dfa356a1e11df77d53b00b8-1564733360883" CommentaryRef="key-bc1f7ca14dfa356a1e11df77d53b00b8">1</Addition></Pnumber><P2para><Text><Addition ChangeId="key-bc1f7ca14dfa356a1e11df77d53b00b8-1564733360883" CommentaryRef="key-bc1f7ca14dfa356a1e11df77d53b00b8">In this Part, a reference to a transfer of a clearing member client contract, a client trade or a qualifying collateral arrangement shall be interpreted in accordance with this section.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/189A/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/189A/2" id="section-189A-2"><Pnumber><Addition ChangeId="key-bc1f7ca14dfa356a1e11df77d53b00b8-1564733360883" CommentaryRef="key-bc1f7ca14dfa356a1e11df77d53b00b8">2</Addition></Pnumber><P2para><Text><Addition ChangeId="key-bc1f7ca14dfa356a1e11df77d53b00b8-1564733360883" CommentaryRef="key-bc1f7ca14dfa356a1e11df77d53b00b8">A transfer of a clearing member client contract or client trade includes—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/189A/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/189A/2/a" id="section-189A-2-a"><Pnumber><Addition ChangeId="key-bc1f7ca14dfa356a1e11df77d53b00b8-1564733360883" CommentaryRef="key-bc1f7ca14dfa356a1e11df77d53b00b8">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-bc1f7ca14dfa356a1e11df77d53b00b8-1564733360883" CommentaryRef="key-bc1f7ca14dfa356a1e11df77d53b00b8">an assignment;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/189A/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/189A/2/b" id="section-189A-2-b"><Pnumber><Addition ChangeId="key-bc1f7ca14dfa356a1e11df77d53b00b8-1564733360883" CommentaryRef="key-bc1f7ca14dfa356a1e11df77d53b00b8">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-bc1f7ca14dfa356a1e11df77d53b00b8-1564733360883" CommentaryRef="key-bc1f7ca14dfa356a1e11df77d53b00b8">a novation; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/189A/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/189A/2/c" id="section-189A-2-c"><Pnumber><Addition ChangeId="key-bc1f7ca14dfa356a1e11df77d53b00b8-1564733360883" CommentaryRef="key-bc1f7ca14dfa356a1e11df77d53b00b8">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-bc1f7ca14dfa356a1e11df77d53b00b8-1564733360883" CommentaryRef="key-bc1f7ca14dfa356a1e11df77d53b00b8">terminating or closing out the clearing member client contract or client trade and establishing an equivalent position between different parties.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/189A/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/189A/3" id="section-189A-3"><Pnumber><Addition ChangeId="key-bc1f7ca14dfa356a1e11df77d53b00b8-1564733360883" CommentaryRef="key-bc1f7ca14dfa356a1e11df77d53b00b8">3</Addition></Pnumber><P2para><Text><Addition ChangeId="key-bc1f7ca14dfa356a1e11df77d53b00b8-1564733360883" CommentaryRef="key-bc1f7ca14dfa356a1e11df77d53b00b8">Where a clearing member client contract is recorded in the accounts of a recognised central counterparty as a position held for the account of an indirect client or group of indirect clients, the clearing member client contract is to be treated as having been transferred if the position is transferred to a different account at the recognised central counterparty.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/189A/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/189A/4" id="section-189A-4"><Pnumber><Addition ChangeId="key-bc1f7ca14dfa356a1e11df77d53b00b8-1564733360883" CommentaryRef="key-bc1f7ca14dfa356a1e11df77d53b00b8">4</Addition></Pnumber><P2para><Text><Addition ChangeId="key-bc1f7ca14dfa356a1e11df77d53b00b8-1564733360883" CommentaryRef="key-bc1f7ca14dfa356a1e11df77d53b00b8">A reference to a transfer of a qualifying collateral arrangement includes an assignment or a novation.</Addition></Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2020-12-31"><Title> Minor definitions.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190" id="section-190"><Pnumber><CommentaryRef Ref="c13696841"/>190</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/1" id="section-190-1"><Pnumber>1</Pnumber><P2para><Text>In this Part—</Text><UnorderedList Decoration="none"><ListItem><Para><Text>“<Term id="term-administrative-receiver">administrative receiver</Term>” has the meaning given by section 251 of the Insolvency Act 1986;</Text></Para></ListItem><ListItem><Para><Text><CommentaryRef Ref="key-171228a588d7f73d9f1f0362cf2b6097"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></Para><Para><Text>“<Term id="term-charge">charge</Term>” means any form of security, including a mortgage and, in Scotland, a heritable security;</Text></Para></ListItem><ListItem><Para><Text><CommentaryRef Ref="c13696861"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></Para></ListItem><ListItem><Para><Text><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561309667831" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">“</Addition><Term id="term-charge"><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561309667831" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">clearing member</Addition></Term><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561309667831" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">”, in relation to a recognised central counterparty, has the meaning given by Article 2(14) of the EMIR Level 1 Regulation;</Addition></Text></Para></ListItem><ListItem><Para><Text><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561309849822" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">“</Addition><Term id="term-charge"><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561309849822" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">client</Addition></Term><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561309849822" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">” has the meaning given by Article 2(15) of the EMIR Level 1 Regulation;</Addition></Text></Para></ListItem><ListItem><Para><Text> <Addition ChangeId="key-b3ebd418c585dfe6c07356e5b44c3398-1565170967006" CommentaryRef="key-b3ebd418c585dfe6c07356e5b44c3398">“CSD regulation” means Regulation (</Addition><Acronym Expansion="European Union"><Addition ChangeId="key-b3ebd418c585dfe6c07356e5b44c3398-1565170967006" CommentaryRef="key-b3ebd418c585dfe6c07356e5b44c3398">EU</Addition></Acronym><Addition ChangeId="key-b3ebd418c585dfe6c07356e5b44c3398-1565170967006" CommentaryRef="key-b3ebd418c585dfe6c07356e5b44c3398">) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories;</Addition> </Text></Para></ListItem><ListItem><Para><Text><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561310263160" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">“</Addition><Term id="term-charge"><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561310263160" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">EMIR Level 1 Regulation</Addition></Term><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561310263160" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">” means Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories;</Addition></Text></Para></ListItem><ListItem><Para><Text><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561310408603" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">“</Addition><Term id="term-charge"><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561310408603" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">EMIR Level 2 Regulation</Addition></Term><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561310408603" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">” means Commission Delegated Regulation (EU) No 149/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 with regard to regulatory technical standards on indirect clearing arrangements, the clearing obligation, the public register, access to a trading venue, non-financial counterparties, risk mitigation for OTC derivatives contracts not cleared by a CCP  </Addition><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561310408603" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40"><Addition ChangeId="key-8e9016a1c2916caf040567fb6d92f17e-1565180962946" CommentaryRef="key-8e9016a1c2916caf040567fb6d92f17e">as amended by Commission Delegated Regulation (</Addition></Addition><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561310408603" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40"><Addition ChangeId="key-8e9016a1c2916caf040567fb6d92f17e-1565180962946" CommentaryRef="key-8e9016a1c2916caf040567fb6d92f17e">EU</Addition></Addition><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561310408603" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40"><Addition ChangeId="key-8e9016a1c2916caf040567fb6d92f17e-1565180962946" CommentaryRef="key-8e9016a1c2916caf040567fb6d92f17e">) 2017/2155 of 22 September 2017</Addition></Addition><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561310408603" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">;</Addition></Text></Para></ListItem><ListItem><Para><Text><Addition ChangeId="key-caf364f0714cea7d95e3ab391cd7076a-1561308834696" CommentaryRef="key-caf364f0714cea7d95e3ab391cd7076a">“</Addition><Term id="term-charge"><Addition ChangeId="key-caf364f0714cea7d95e3ab391cd7076a-1561308834696" CommentaryRef="key-caf364f0714cea7d95e3ab391cd7076a">the FCA</Addition></Term><Addition ChangeId="key-caf364f0714cea7d95e3ab391cd7076a-1561308834696" CommentaryRef="key-caf364f0714cea7d95e3ab391cd7076a">” means the Financial Conduct Authority;</Addition></Text></Para></ListItem><ListItem><Para><Text> <Addition ChangeId="key-49adacb0cc1dfdbfbafda02ec01983f7-1564735924395" CommentaryRef="key-49adacb0cc1dfdbfbafda02ec01983f7">“indirect clearing services” has the same meaning as in the </Addition><Addition ChangeId="key-49adacb0cc1dfdbfbafda02ec01983f7-1564735924395" CommentaryRef="key-49adacb0cc1dfdbfbafda02ec01983f7">EMIR</Addition><Addition ChangeId="key-49adacb0cc1dfdbfbafda02ec01983f7-1564735924395" CommentaryRef="key-49adacb0cc1dfdbfbafda02ec01983f7"> Level 2 Regulation;</Addition></Text></Para></ListItem><ListItem><Para><Text><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561310969034" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">“</Addition><Term id="term-charge"><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561310969034" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">indirect client</Addition></Term><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561310969034" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">” has the meaning given by Article 1(a) of the EMIR Level 2 Regulation;</Addition></Text></Para></ListItem><ListItem><Para><Text> <Substitution ChangeId="key-22daece28c36e7aa19529043f16635d2-1564745995000" CommentaryRef="key-22daece28c36e7aa19529043f16635d2">“interim trustee” has the same meaning as in the Bankruptcy (Scotland) Act</Substitution><Character Name="EmSpace"/><Substitution ChangeId="key-22daece28c36e7aa19529043f16635d2-1564745995000" CommentaryRef="key-22daece28c36e7aa19529043f16635d2">2016</Substitution> </Text></Para></ListItem><ListItem><Para><Text><CommentaryRef Ref="c13696861"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></Para></ListItem><ListItem><Para><Text> <Addition ChangeId="key-b3ebd418c585dfe6c07356e5b44c3398-1565171006757" CommentaryRef="key-b3ebd418c585dfe6c07356e5b44c3398">“member”, in relation to a central securities depository, means a participant of that central securities depository as defined in Article 2(1)(19) of the CSD regulation;</Addition> </Text></Para></ListItem><ListItem><Para><Text><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561312221187" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">“member of a clearing house” includes a clearing member of a recognised central counterparty;</Addition></Text></Para></ListItem><ListItem><Para><Text> <Addition ChangeId="key-0a69c85aa42e8d4ec00dd0b051ea9b5f-1565181046819" CommentaryRef="key-0a69c85aa42e8d4ec00dd0b051ea9b5f">“MIFIR Level 2 Regulation” means Commission Delegated Regulation (</Addition><Addition ChangeId="key-0a69c85aa42e8d4ec00dd0b051ea9b5f-1565181046819" CommentaryRef="key-0a69c85aa42e8d4ec00dd0b051ea9b5f">EU</Addition><Addition ChangeId="key-0a69c85aa42e8d4ec00dd0b051ea9b5f-1565181046819" CommentaryRef="key-0a69c85aa42e8d4ec00dd0b051ea9b5f">) 2017/2154 of 22 September 2017 supplementing Regulation (</Addition><Addition ChangeId="key-0a69c85aa42e8d4ec00dd0b051ea9b5f-1565181046819" CommentaryRef="key-0a69c85aa42e8d4ec00dd0b051ea9b5f">EU</Addition><Addition ChangeId="key-0a69c85aa42e8d4ec00dd0b051ea9b5f-1565181046819" CommentaryRef="key-0a69c85aa42e8d4ec00dd0b051ea9b5f">) </Addition><Addition ChangeId="key-0a69c85aa42e8d4ec00dd0b051ea9b5f-1565181046819" CommentaryRef="key-0a69c85aa42e8d4ec00dd0b051ea9b5f">No.</Addition><Addition ChangeId="key-0a69c85aa42e8d4ec00dd0b051ea9b5f-1565181046819" CommentaryRef="key-0a69c85aa42e8d4ec00dd0b051ea9b5f"> 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards on indirect clearing arrangements;</Addition> </Text></Para></ListItem><ListItem><Para><Text>“<Term id="term-overseas">overseas</Term>”, in relation to an investment exchange or clearing house  <Addition ChangeId="key-db81249d82e9a90410b8d8ded4bbe77a-1565171115414" CommentaryRef="key-db81249d82e9a90410b8d8ded4bbe77a">or central securities depository</Addition> , means having its head office outside the United Kingdom;</Text></Para></ListItem><ListItem><Para><Text><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561312378404" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">“</Addition><Term id="term-overseas"><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561312378404" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">position</Addition></Term><Addition ChangeId="key-ad229b7c72fbe5b37d282c8d14df1a40-1561312378404" CommentaryRef="key-ad229b7c72fbe5b37d282c8d14df1a40">” has the same meaning as in the EMIR Level 1 Regulation;</Addition></Text></Para></ListItem><ListItem><Para><Text><Addition ChangeId="key-740754bad341d119f6657f6b5cb25083-1561309381726" CommentaryRef="key-740754bad341d119f6657f6b5cb25083">“</Addition><Term id="term-overseas"><Addition ChangeId="key-740754bad341d119f6657f6b5cb25083-1561309381726" CommentaryRef="key-740754bad341d119f6657f6b5cb25083">the PRA</Addition></Term><Addition ChangeId="key-740754bad341d119f6657f6b5cb25083-1561309381726" CommentaryRef="key-740754bad341d119f6657f6b5cb25083">” means the Prudential Regulation Authority;</Addition></Text></Para></ListItem><ListItem><Para><Text> <Addition ChangeId="key-b3ebd418c585dfe6c07356e5b44c3398-1565171037164" CommentaryRef="key-b3ebd418c585dfe6c07356e5b44c3398">“recognised body” has the same meaning as in section 313 of the Financial Services and Markets Act 2000;</Addition> </Text></Para></ListItem><ListItem><Para><Text> <CommentaryRef Ref="key-c44c3be7a06c120189f4b645d6222d62"/><Substitution ChangeId="key-5ea838fa7f7a3ec979148bd057c119f2-1565171416753" CommentaryRef="key-5ea838fa7f7a3ec979148bd057c119f2">...</Substitution><Substitution ChangeId="key-5ea838fa7f7a3ec979148bd057c119f2-1565171416753" CommentaryRef="key-5ea838fa7f7a3ec979148bd057c119f2">“recognised central counterparty”, “recognised CSD”, “recognised clearing house”, “recognised investment exchange” </Substitution><Substitution ChangeId="key-5ea838fa7f7a3ec979148bd057c119f2-1565171416753" CommentaryRef="key-5ea838fa7f7a3ec979148bd057c119f2"><Addition ChangeId="key-329c4198012d4c00a1418a394ecee31d-1630671344161" CommentaryRef="key-329c4198012d4c00a1418a394ecee31d">,  “third country central counterparty”</Addition></Substitution><Substitution ChangeId="key-5ea838fa7f7a3ec979148bd057c119f2-1565171416753" CommentaryRef="key-5ea838fa7f7a3ec979148bd057c119f2"> and  “third country CSD” have the same meaning as in the Financial Services and Markets Act 2000 (see section 285 of that Act);</Substitution></Text></Para></ListItem><ListItem><Para><Text> <Addition ChangeId="key-0156d998fc93885dfb8b64e9d11bdcea-1564746026855" CommentaryRef="key-0156d998fc93885dfb8b64e9d11bdcea">“sequestration” means sequestration under the Bankruptcy (Scotland) Act 2016;</Addition> </Text></Para></ListItem><ListItem><Para><Text><CommentaryRef Ref="c13696861"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></Para></ListItem><ListItem><Para><Text>“<Term id="term-set-off">set-off</Term>”, in relation to Scotland, includes compensation;</Text></Para></ListItem><ListItem><Para><Text><Addition ChangeId="d29p11248" CommentaryRef="c13696901">“The Stock Exchange” means the London Stock Exchange Limited;</Addition></Text></Para></ListItem><ListItem><Para><Text><Substitution ChangeId="key-b5d25aacf255ffdc65167d0f443f1e7d-1561313593548" CommentaryRef="key-b5d25aacf255ffdc65167d0f443f1e7d">“</Substitution><Term id="term-uk"><Substitution ChangeId="key-b5d25aacf255ffdc65167d0f443f1e7d-1561313593548" CommentaryRef="key-b5d25aacf255ffdc65167d0f443f1e7d">UK</Substitution></Term><Substitution ChangeId="key-b5d25aacf255ffdc65167d0f443f1e7d-1561313593548" CommentaryRef="key-b5d25aacf255ffdc65167d0f443f1e7d">”, in relation to an investment exchange, means having its head office in the United Kingdom.</Substitution></Text></Para></ListItem></UnorderedList></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/2" id="section-190-2"><Pnumber><Substitution ChangeId="key-cc71f1af3201816630332987231e2dd3-1561313829436" CommentaryRef="key-cc71f1af3201816630332987231e2dd3">2</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-cc71f1af3201816630332987231e2dd3-1561313829436" CommentaryRef="key-cc71f1af3201816630332987231e2dd3">References in this Part to settlement—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/2/a" id="section-190-2-a"><Pnumber><Substitution ChangeId="key-cc71f1af3201816630332987231e2dd3-1561313829436" CommentaryRef="key-cc71f1af3201816630332987231e2dd3">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-cc71f1af3201816630332987231e2dd3-1561313829436" CommentaryRef="key-cc71f1af3201816630332987231e2dd3">mean, in relation to a market contract, the discharge of the rights and liabilities of the parties to the contract, whether by performance, compromise or otherwise;</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/2/b" id="section-190-2-b"><Pnumber><Substitution ChangeId="key-cc71f1af3201816630332987231e2dd3-1561313829436" CommentaryRef="key-cc71f1af3201816630332987231e2dd3">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-cc71f1af3201816630332987231e2dd3-1561313829436" CommentaryRef="key-cc71f1af3201816630332987231e2dd3">include, in relation to a clearing member client contract or a clearing member house contract, a reference to its liquidation for the purposes of Article 48 of the EMIR Level 1 Regulation.</Substitution></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/3" id="section-190-3"><Pnumber>3</Pnumber><P2para><Text>In this Part the expressions “<Term id="term-margin">margin</Term>” and “<Term id="term-cover-for-margin">cover for margin</Term>” have the same meaning.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/3A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/3A" id="section-190-3A"><Pnumber><CommentaryRef Ref="key-739babfc0f68e0bb7c91ca703cd60aa3"/>3A</Pnumber><P2para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/4" id="section-190-4"><Pnumber><CommentaryRef Ref="c13696911"/>4</Pnumber><P2para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/5" id="section-190-5"><Pnumber>5</Pnumber><P2para><Text>For the purposes of this Part a person shall be taken to have notice of a matter if he deliberately failed to make enquiries as to that matter in circumstances in which a reasonable and honest person would have done so.</Text></P2para><P2para><Text>This does not apply for the purposes of a provision requiring “actual notice”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/6" id="section-190-6"><Pnumber><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">6</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">References in this Part to the law of insolvency—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/6/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/6/a" id="section-190-6-a"><Pnumber><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">include references to every provision made by or under the Insolvency Act 1986 or the Bankruptcy (Scotland) Act  </Substitution><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0"><Substitution ChangeId="key-0917db1d64af750fbbf72d748c945b9b-1564746058956" CommentaryRef="key-0917db1d64af750fbbf72d748c945b9b">2016</Substitution></Substitution><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">; and in relation to a building society references to insolvency law or to any provision of the Insolvency Act 1986 are to that law or provision as modified by the Building Societies Act 1986;</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/6/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/6/b" id="section-190-6-b"><Pnumber><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">are also to be interpreted in accordance with the modifications made by the enactments mentioned in subsection (6B).</Substitution></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/6A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/6A" id="section-190-6A"><Pnumber><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">6A</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">For the avoidance of doubt, references in this Part to administration, administrator, liquidator and winding up are to be interpreted in accordance with the modifications made by the enactments mentioned in subsection (6B).</Substitution></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/6B" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/6B" id="section-190-6B"><Pnumber><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">6B</Substitution></Pnumber><P2para><Text><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">The enactments referred to in subsections (6)(b) and (6A) are—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/6B/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/6B/a" id="section-190-6B-a"><Pnumber><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">article 3 of, and the Schedule to, the Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009;</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/6B/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/6B/b" id="section-190-6B-b"><Pnumber><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">article 18 of, and paragraphs 1(a), (2) and (3) of Schedule 2 to, the Building Societies (Insolvency and Special Administration) Order 2009; and</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/6B/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/6B/c" id="section-190-6B-c"><Pnumber><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">c</Substitution></Pnumber><P3para><Text><Substitution ChangeId="key-a49f96ba78695142650327d099f1f1d0-1561308576672" CommentaryRef="key-a49f96ba78695142650327d099f1f1d0">regulation 27 of, and Schedule 6 to, the Investment Bank Special Administration Regulations 2011.</Substitution></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/7" id="section-190-7"><Pnumber>7</Pnumber><P2para><Text>In relation to Scotland, references in this Part—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/7/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/7/a" id="section-190-7-a"><Pnumber>a</Pnumber><P3para><Text>to sequestration include references to the administration by a judicial factor of the insolvent estate of a deceased person, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/190/7/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/190/7/b" id="section-190-7-b"><Pnumber>b</Pnumber><P3para><Text>to an interim  <Substitution ChangeId="key-a1da75823b1201cfe7274c318efb2c9c-1564746102646" CommentaryRef="key-a1da75823b1201cfe7274c318efb2c9c">trustee or to a trustee in the sequestration of an estate</Substitution>  include references to a judicial factor on the insolvent estate of a deceased person,</Text></P3para></P3><Text>unless the context otherwise requires.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2020-12-31"><Title> Index of defined expressions.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/191" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/191" id="section-191"><Pnumber><CommentaryRef Ref="c13696951"/>191</Pnumber><P1para><Text>The following Table shows provisions defining or otherwise explaining expressions used in this Part (other than provisions defining or explaining an expression used only in the same section or paragraph)—</Text></P1para><Tabular Orientation="portrait"><xhtml:table xmlns:xhtml="http://www.w3.org/1999/xhtml" cols="2"><xhtml:colgroup><xhtml:col width="213.2pt"/><xhtml:col width="213.2pt"/></xhtml:colgroup><xhtml:thead><xhtml:tr><xhtml:th xmlns:fo="http://www.w3.org/1999/XSL/Format" rowspan="1" colspan="1" fo:border-top-style="solid" fo:border-top-width="0.5pt" fo:border-top-color="black" fo:border-bottom-style="solid" fo:border-bottom-width="0.5pt" fo:border-bottom-color="black"><Strong><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Defined Expression</Substitution></Strong></xhtml:th><xhtml:th xmlns:fo="http://www.w3.org/1999/XSL/Format" rowspan="1" colspan="1" fo:border-top-style="solid" fo:border-top-width="0.5pt" fo:border-top-color="black" fo:border-bottom-style="solid" fo:border-bottom-width="0.5pt" fo:border-bottom-color="black"><Strong><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section</Substitution></Strong></xhtml:th></xhtml:tr></xhtml:thead><xhtml:tbody><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">administration</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Sections 190(6A) and (6B)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">administrator</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Sections 190(6A) and (6B)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">administrative receiver</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td colspan="1"> <Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-9f47eadcde79b4a2df3dd765f89ae9cc-1565171742019" CommentaryRef="key-9f47eadcde79b4a2df3dd765f89ae9cc">authorised central securities depository services </Addition></Substitution></xhtml:td><xhtml:td colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-9f47eadcde79b4a2df3dd765f89ae9cc-1565171742019" CommentaryRef="key-9f47eadcde79b4a2df3dd765f89ae9cc">Section 155(3D)</Addition></Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">charge</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">clearing member</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">clearing member client contract</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 155(1)(a)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">clearing member house contract</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 155(1)(b)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">client</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">client trade</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 155(1)(c)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">cover for margin</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(3)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td colspan="1"> <Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-9f47eadcde79b4a2df3dd765f89ae9cc-1565171800011" CommentaryRef="key-9f47eadcde79b4a2df3dd765f89ae9cc">CSD regulation </Addition></Substitution></xhtml:td><xhtml:td colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-9f47eadcde79b4a2df3dd765f89ae9cc-1565171800011" CommentaryRef="key-9f47eadcde79b4a2df3dd765f89ae9cc">Section 190(1)</Addition></Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">default fund contribution</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 188(3A)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">default rules (and related expressions)</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 188</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">designated non-member</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 155(2)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td colspan="1"><CommentaryRef Ref="key-41c0019f3a4f7351e3a6a1a0d0e41e1d"/>. . .</xhtml:td><xhtml:td colspan="1"><CommentaryRef Ref="key-41c0019f3a4f7351e3a6a1a0d0e41e1d"/>. . .</xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">EMIR Level 1 Regulation</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">EMIR Level 2 Regulation</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">the FCA</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td colspan="1"> <Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-4dea3b0bf975f55b941628dc315a18a5-1564736632537" CommentaryRef="key-4dea3b0bf975f55b941628dc315a18a5">indirect clearing services </Addition></Substitution></xhtml:td><xhtml:td colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-4dea3b0bf975f55b941628dc315a18a5-1564736632537" CommentaryRef="key-4dea3b0bf975f55b941628dc315a18a5">Section 190(1)</Addition></Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">indirect client</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">insolvency law (and similar expressions)</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Sections 190(6) and (6B)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">interim trustee</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Sections 190(1) and 190(7)(b)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">liquidator</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Sections 190(6A) and (6B)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">margin</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(3)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">market charge</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 173</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">market contract</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 155</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td colspan="1"> <Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-9f47eadcde79b4a2df3dd765f89ae9cc-1565171930002" CommentaryRef="key-9f47eadcde79b4a2df3dd765f89ae9cc">member (in relation to a central securities depository) </Addition></Substitution></xhtml:td><xhtml:td colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-9f47eadcde79b4a2df3dd765f89ae9cc-1565171930002" CommentaryRef="key-9f47eadcde79b4a2df3dd765f89ae9cc">Section 190(1)</Addition></Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">member of a clearing house</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td colspan="1"> <Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-80f446479e0ef1b0d41864d359f9aef2-1565181428541" CommentaryRef="key-80f446479e0ef1b0d41864d359f9aef2">MIFIR Level 2 Regulation </Addition></Substitution></xhtml:td><xhtml:td colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-80f446479e0ef1b0d41864d359f9aef2-1565181428541" CommentaryRef="key-80f446479e0ef1b0d41864d359f9aef2">Section 190(1)</Addition></Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">notice</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(5)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">overseas (in relation to investment exchanges  </Substitution><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Substitution ChangeId="key-c117d8038b19dc44773e95232caf2d2e-1565172190560" CommentaryRef="key-c117d8038b19dc44773e95232caf2d2e">, clearing houses and central securities depositories</Substitution></Substitution><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">)</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">party (in relation to a market contract)</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 187</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><CommentaryRef Ref="key-1014bd8467631b16105fada5ca1e0237"/><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">. . .</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><CommentaryRef Ref="key-1014bd8467631b16105fada5ca1e0237"/><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">. . .</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">the PRA</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">qualifying collateral arrangement</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 155A(1)(a)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">qualifying property transfers</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 155A(1)(b)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td colspan="1"> <Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-9f47eadcde79b4a2df3dd765f89ae9cc-1565171994946" CommentaryRef="key-9f47eadcde79b4a2df3dd765f89ae9cc">recognised body </Addition></Substitution></xhtml:td><xhtml:td colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-9f47eadcde79b4a2df3dd765f89ae9cc-1565171994946" CommentaryRef="key-9f47eadcde79b4a2df3dd765f89ae9cc">Section 190(1)</Addition></Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">recognised central counterparty</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">recognised clearing house</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td colspan="1"> <Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-9f47eadcde79b4a2df3dd765f89ae9cc-1565172052175" CommentaryRef="key-9f47eadcde79b4a2df3dd765f89ae9cc">recognised CSD </Addition></Substitution></xhtml:td><xhtml:td colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-9f47eadcde79b4a2df3dd765f89ae9cc-1565172052175" CommentaryRef="key-9f47eadcde79b4a2df3dd765f89ae9cc">Section 190(1)</Addition></Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">recognised investment exchange</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">relevant office-holder</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 189</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">sequestration</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(7)(a)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">set off (in relation to Scotland)</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">settlement and related expressions (in relation to a market contract)</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190 (2)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">The Stock Exchange</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td colspan="1"> <Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-05efaafecba9a6b16cf88993f412de63-1630674096914" CommentaryRef="key-05efaafecba9a6b16cf88993f412de63">third country central counterparty </Addition></Substitution></xhtml:td><xhtml:td colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-05efaafecba9a6b16cf88993f412de63-1630674096914" CommentaryRef="key-05efaafecba9a6b16cf88993f412de63"> Section 190(1)</Addition></Substitution> </xhtml:td></xhtml:tr><xhtml:tr><xhtml:td colspan="1"> <Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-9f47eadcde79b4a2df3dd765f89ae9cc-1565172116593" CommentaryRef="key-9f47eadcde79b4a2df3dd765f89ae9cc">third country CSD </Addition></Substitution></xhtml:td><xhtml:td colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-9f47eadcde79b4a2df3dd765f89ae9cc-1565172116593" CommentaryRef="key-9f47eadcde79b4a2df3dd765f89ae9cc">Section 190(1)</Addition></Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td colspan="1"> <Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-4dea3b0bf975f55b941628dc315a18a5-1564736687527" CommentaryRef="key-4dea3b0bf975f55b941628dc315a18a5">transfer </Addition></Substitution></xhtml:td><xhtml:td colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Addition ChangeId="key-4dea3b0bf975f55b941628dc315a18a5-1564736687527" CommentaryRef="key-4dea3b0bf975f55b941628dc315a18a5">Section 189A</Addition></Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"> <Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Substitution ChangeId="key-a0d24bad68358b0c6cfa1e05483cb27b-1564748855490" CommentaryRef="key-a0d24bad68358b0c6cfa1e05483cb27b">interim trustee and trustee in the sequestration of an estate (in relation to Scotland) </Substitution></Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5"><Substitution ChangeId="key-a0d24bad68358b0c6cfa1e05483cb27b-1564748855490" CommentaryRef="key-a0d24bad68358b0c6cfa1e05483cb27b">section 190(1) and (7)(b)</Substitution></Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">UK (in relation to investment exchanges)</Substitution></xhtml:td><xhtml:td rowspan="1" colspan="1"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Section 190(1)</Substitution></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td xmlns:fo="http://www.w3.org/1999/XSL/Format" rowspan="1" colspan="1" fo:border-bottom-style="solid" fo:border-bottom-width="0.5pt" fo:border-bottom-color="black"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">winding up</Substitution></xhtml:td><xhtml:td xmlns:fo="http://www.w3.org/1999/XSL/Format" rowspan="1" colspan="1" fo:border-bottom-style="solid" fo:border-bottom-width="0.5pt" fo:border-bottom-color="black"><Substitution ChangeId="key-58a7e4938f22f5078fcf0ef543ad2dd5-1561456152775" CommentaryRef="key-58a7e4938f22f5078fcf0ef543ad2dd5">Sections 190(6A) and (6B)</Substitution></xhtml:td></xhtml:tr></xhtml:tbody></xhtml:table></Tabular></P1></P1group></Pblock></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/VIII" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/VIII" NumberOfProvisions="16" id="part-VIII"><Number>Part VIII</Number><Title> Amendments of the Financial Services Act 1986</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/192" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/192" id="section-192"><Pnumber><CommentaryRef Ref="c13697091"/>192</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/193" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/193" id="section-193"><Pnumber><CommentaryRef Ref="c13697151"/>193</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/194" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/194" id="section-194"><Pnumber><CommentaryRef Ref="c13697161"/>194</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/195" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/195" id="section-195"><Pnumber><CommentaryRef Ref="c13697181"/>195</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/196" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/196" id="section-196"><Pnumber><CommentaryRef Ref="c13697201"/>196</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/197" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/197" id="section-197"><Pnumber><CommentaryRef Ref="c13697221"/>197</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="1995-06-19"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/198" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/198" id="section-198"><Pnumber><CommentaryRef Ref="c13697231"/>198</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="1995-06-19"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/199" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/199" id="section-199"><Pnumber><CommentaryRef Ref="c13697251"/>199</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title> Jurisdiction of High Court and Court of Session.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/200" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/200" id="section-200"><Pnumber>200</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/200/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/200/1" id="section-200-1"><Pnumber><CommentaryRef Ref="c13697271"/>1</Pnumber><P2para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/200/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/200/2" id="section-200-2"><Pnumber>2</Pnumber><P2para><Text>In Schedule 5 to the <CommentaryRef Ref="c13697281"/>Civil Jurisdiction and Judgments Act 1982 (proceedings excluded from general provisions as to allocation of jurisdiction within the United Kingdom), for paragraph 10 substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="schedule" Format="default"><P1group><Title> Financial Services Act 1986</Title><P1><Pnumber>10</Pnumber><P1para><Text>Proceedings such as are mentioned in section 188 of the Financial Services Act 1986.</Text></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/201" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/201" id="section-201"><Pnumber><CommentaryRef Ref="c13697301"/>201</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/202" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/202" id="section-202"><Pnumber><CommentaryRef Ref="c13697321"/>202</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01" ConfersPower="true"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/203" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/203" id="section-203"><Pnumber><CommentaryRef Ref="c13697341"/>203</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/204" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/204" id="section-204"><Pnumber><CommentaryRef Ref="c13697391"/>204</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/205" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/205" id="section-205"><Pnumber><CommentaryRef Ref="c13697411"/>205</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01" ConfersPower="true"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/206" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/206" id="section-206"><Pnumber><CommentaryRef Ref="c13697431"/>206</Pnumber><P1para><Text/></P1para></P1></P1group></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/IX" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/IX" NumberOfProvisions="1" id="part-IX"><Number>
          <CommentaryRef Ref="c13697441"/>Part IX</Number><Title> Transfer of Securities</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Title> Transfer of securities.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/207" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/207" id="section-207"><Pnumber>207</Pnumber><P1para><Text><CommentaryRef Ref="c18770561"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/X" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/X" NumberOfProvisions="13" id="part-X" RestrictStartDate="2017-11-28"><Number>Part X</Number><Title> Miscellaneous and General Provisions</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/X/crossheading/miscellaneous" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/X/crossheading/miscellaneous" NumberOfProvisions="7" RestrictExtent="E+W+S+N.I." id="part-X-crossheading-miscellaneous" RestrictStartDate="1991-10-01"><Title> Miscellaneous</Title><P1group RestrictStartDate="1991-10-01"><Title> Summary proceedings in Scotland for offences in connection with disqualification of directors.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/208" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/208" id="section-208"><Pnumber>208</Pnumber><P1para><Text>In section 21 of the <CommentaryRef Ref="c13697511"/>Company Directors Disqualification Act 1986 (application of provisions of the <CommentaryRef Ref="c13697521"/>Insolvency Act 1986), after subsection (3) add—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>4</Pnumber><P2para><Text>For the purposes of summary proceedings in Scotland, section 431 of that Act applies to summary proceedings for an offence under section 11 or 13 of this Act as it applies to summary proceedings for an offence under Parts I to VII of that Act.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="1994-03-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/209" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/209" id="section-209"><Pnumber><CommentaryRef Ref="c13697541"/>209</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictEndDate="1991-10-01" Match="false" RestrictStartDate="1991-10-01"><Title> Restriction of duty to supply statements of premium income.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/210" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/210" id="section-210"><Pnumber>210</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/210/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/210/1" id="section-210-1"><Pnumber>1</Pnumber><P2para><Text>Schedule 3 to the <CommentaryRef Ref="c13697551"/>Policyholders Protection Act 1975 (provisions with respect to levies on authorised insurance companies) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/210/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/210/2" id="section-210-2"><Pnumber>2</Pnumber><P2para><Text>For paragraph 4 (statements of premium income to be sent to Secretary of State) substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group Layout="below"><Title/><P1><Pnumber>4</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>The Secretary of State may by notice in writing require an authorised insurance company to send him a statement of—</Text><P3><Pnumber>a</Pnumber><P3para><Text>any income of the company for the year preceding that in which the notice is received by the company which is income liable to the general business levy, and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>any income of the company for that year which is income liable to the long term business levy.</Text></P3para></P3></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>An authorised insurance company which receives a notice under this paragraph shall send the statement required by the notice to the Secretary of State within three months of receiving the notice.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>Where an authorised insurance company is required under this paragraph to send a statement to the Secretary of State in respect of income of both descriptions mentioned in sub-paragraph (1)(a) and (b) above it shall send a separate statement in respect of income of each description.</Text></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/210/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/210/3" id="section-210-3"><Pnumber>3</Pnumber><P2para><Text>In paragraph 5(3) (application of provisions of the <CommentaryRef Ref="c13697561"/>Insurance Companies Act 1982 to failure to meet obligation imposed by paragraph 4) for “the obligation imposed on an insurance company by paragraph 4” substitute “an obligation imposed on an insurance company under paragraph 4”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/210/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/210/4" id="section-210-4"><Pnumber>4</Pnumber><P2para><Text>In paragraph 6 (declaration and enforcement of levies) omitsub-paragraph (4) (provision about notices).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/210/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/210/5" id="section-210-5"><Pnumber>5</Pnumber><P2para><Text>After paragraph 7 insert—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group><Title> Notices under paragraphs 4 and 6</Title><P1><Pnumber>8</Pnumber><P1para><Text>A notice under paragraph 4 or 6 above may be sent by post, and a letter containing such a notice shall be deemed to be properly addressed if it is addressed to the insurance company to which it is sent at its last known place of business in the United Kingdom.</Text></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group><P1group RestrictStartDate="1991-10-01" RestrictExtent="E+W+S"><Title> Building societies: miscellaneous amendments.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/211" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/211" id="section-211"><Pnumber><CommentaryRef Ref="c13697601"/>211</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/211/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/211/1" id="section-211-1"><Pnumber>1</Pnumber><P2para><Text>In section 104 of the <CommentaryRef Ref="c13697611"/>Building Societies Act 1986 (power to assimilate law relating to building societies and law relating to companies), in subsection (2)

					(relevant provisions of that Act), omit the word  

						“and” before paragraph (d) and after that paragraph add—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P3para><Text>; and</Text></P3para><P3><Pnumber>e</Pnumber><P3para><Text>section 110 (provisions exempting officers and auditors from liability).</Text></P3para></P3></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/211/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/211/2" id="section-211-2"><Pnumber>2</Pnumber><P2para><Text>In Schedule 15 to the Building Societies Act 1986 (application of companies winding-up legislation)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/211/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/211/2/a" id="section-211-2-a"><Pnumber>a</Pnumber><P3para><Text>in paragraph 1(a)

							(provisions of <CommentaryRef Ref="c13697621"/>Insolvency Act 1986 applied) for  “and <Acronym Expansion="12">XII</Acronym>” substitute <InlineAmendment>“
                        , XII and <Acronym Expansion="13">XIII</Acronym>
                      ”</InlineAmendment>;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/211/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/211/2/b" id="section-211-2-b"><Pnumber>b</Pnumber><P3para><Text>in paragraph 3(2)(b)

							(adaptations: references to be omitted), omit  “, a shadow director”.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/211/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/211/3" id="section-211-3"><Pnumber>3</Pnumber><P2para><Text>In the <CommentaryRef Ref="c13697631"/>Company Directors Disqualification Act 1986, after section 22 insert—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P1group><Title> Application of Act to building societies.</Title><P1><Pnumber>22A</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>This Act applies to building societies as it applies to companies.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>References in this Act to a company, or to a director or an officer of a company include, respectively, references to a building society within the meaning of the Building Societies Act 1986 or to a director or officer, within the meaning of that Act, of a building society.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>In relation to a building society the definition of “<Term>shadow director</Term>” in section 22(5) applies with the substitution of  “building society” for  “company”.</Text></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>In the application of Schedule 1 to the directors of a building society, references to provisions of the Insolvency Act or the Companies Act include references to the corresponding provisions of the Building Societies Act 1986.</Text></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/part/X/crossheading/general" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/X/crossheading/general" NumberOfProvisions="6" RestrictExtent="E+W+S" id="part-X-crossheading-general" RestrictStartDate="2017-11-28"><Title> General</Title><P1group RestrictStartDate="2017-03-01"><Title><Addition ChangeId="key-5c65f6c416a80d3d418de15110126493-1564750460077" CommentaryRef="key-5c65f6c416a80d3d418de15110126493">“Bank of England”</Addition></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/211A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/211A" id="section-211A"><Pnumber PuncAfter="."><Addition ChangeId="key-5c65f6c416a80d3d418de15110126493-1564750460077" CommentaryRef="key-5c65f6c416a80d3d418de15110126493">211A</Addition></Pnumber><P1para><Text><Addition ChangeId="key-5c65f6c416a80d3d418de15110126493-1564750460077" CommentaryRef="key-5c65f6c416a80d3d418de15110126493">In this Act references to the Bank of England do not include </Addition><Abbreviation Expansion="the Bank of England"><Addition ChangeId="key-5c65f6c416a80d3d418de15110126493-1564750460077" CommentaryRef="key-5c65f6c416a80d3d418de15110126493">the Bank</Addition></Abbreviation><Addition ChangeId="key-5c65f6c416a80d3d418de15110126493-1564750460077" CommentaryRef="key-5c65f6c416a80d3d418de15110126493"> acting in its capacity as the Prudential Regulation Authority.</Addition></Text></P1para></P1></P1group><P1group AltVersionRefs="v00282" RestrictExtent="E+W+S+N.I." Concurrent="true" RestrictStartDate="2013-04-01"><Title> Repeals.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/212/england+wales+scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/212" id="section-212"><Pnumber><CommentaryRef Ref="c13697651"/><CommentaryRef Ref="c13697661"/>212</Pnumber><P1para><Text>The enactments mentioned in Schedule 24 are repealed to the extent specified there.</Text></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2017-11-28"><Title> Provisions extending to Northern Ireland.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/213" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213" id="section-213"><Pnumber>213</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/213/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213/1" id="section-213-1"><Pnumber>1</Pnumber><P2para><Text>The provisions of this Act extend to Northern Ireland so far as they amend, or provide for the amendment of, an enactment which so extends.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/213/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213/2" id="section-213-2"><Pnumber>2</Pnumber><P2para><Text>So far as any provision of this Act amends the <CommentaryRef Ref="key-965b3d2597975abc435ebe2d7e76422e"/>... the <CommentaryRef Ref="c13697761"/>Insolvency Act 1986, its application to companies registered or incorporated in Northern Ireland is subject to <CommentaryRef Ref="key-965b3d2597975abc435ebe2d7e76422e"/>... section 441(2) of the Insolvency Act 1986<CommentaryRef Ref="key-965b3d2597975abc435ebe2d7e76422e"/>....</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/213/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213/3" id="section-213-3"><Pnumber>3</Pnumber><P2para><Text>In Part III (investigations and powers to obtain information), sections 82 to 91, (powers exercisable to assist overseas regulatory authorities) extend to Northern Ireland.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/213/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213/4" id="section-213-4"><Pnumber>4</Pnumber><P2para><Text>Part VI (mergers and related matters) extends to Northern Ireland.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/213/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213/5" id="section-213-5"><Pnumber>5</Pnumber><P2para><Text>In Part VII (financial markets and insolvency) the following provisions extend to Northern Ireland—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/213/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213/5/a" id="section-213-5-a"><Pnumber>a</Pnumber><P3para><Text>sections 154 and 155 (introductory provisions and definition of “market contract”),</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/213/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213/5/b" id="section-213-5-b"><Pnumber><CommentaryRef Ref="c13697771"/>b</Pnumber><P3para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/213/5/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213/5/c" id="section-213-5-c"><Pnumber>c</Pnumber><P3para><Text>sections 157, 160, 162, and 166 to 169 (provisions relating to recognised investment exchanges  <Substitution ChangeId="key-18dbfcea08c6631e1df6321966a0563f-1565172928375" CommentaryRef="key-18dbfcea08c6631e1df6321966a0563f">, recognised clearing houses and recognised CSDs</Substitution>),</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/213/5/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213/5/d" id="section-213-5-d"><Pnumber>d</Pnumber><P3para><Text> <Substitution ChangeId="key-5427f81ccb7d2af967486a45511b803c-1561314130500" CommentaryRef="key-5427f81ccb7d2af967486a45511b803c">sections 170 and 172</Substitution>  (power to extend provisions to other financial markets),</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/213/5/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213/5/e" id="section-213-5-e"><Pnumber>e</Pnumber><P3para><Text>section 184 (indemnity for certain acts), and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/213/5/f" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213/5/f" id="section-213-5-f"><Pnumber>f</Pnumber><P3para><Text>sections 185 to 191 (supplementary provisions).</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/213/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213/6" id="section-213-6"><Pnumber><CommentaryRef Ref="c13697771"/>6</Pnumber><P2para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/213/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213/7" id="section-213-7"><Pnumber>7</Pnumber><P2para><Text>Part IX (transfer of securities) extends to Northern Ireland.</Text></P2para><P2para><Text><CommentaryRef Ref="c13697791"/>. . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/213/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213/8" id="section-213-8"><Pnumber>8</Pnumber><P2para><Text>In Part X (miscellaneous and general provisions),  <Addition ChangeId="key-6144cf2d5de9880fed3997dbca488499-1564750709137" CommentaryRef="key-6144cf2d5de9880fed3997dbca488499">section 211A,</Addition> this section and sections 214 to 216 (general provisions) extend to Northern Ireland.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/213/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213/9" id="section-213-9"><Pnumber>9</Pnumber><P2para><Text>Except as mentioned above, the provisions of this Act do not extend to Northern Ireland.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/214" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/214" id="section-214"><Pnumber><CommentaryRef Ref="c13697811"/>214</Pnumber><P1para><Text/></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." ConfersPower="true" RestrictStartDate="2013-04-01"><Title> Commencement and transitional provisions.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/215" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/215" id="section-215"><Pnumber>215</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/215/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/215/1" id="section-215-1"><Pnumber>1</Pnumber><P2para><Text>The following provisions of this Act come into force on Royal Assent—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/215/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/215/1/a" id="section-215-1-a"><Pnumber>a</Pnumber><P3para><Text>in Part V (amendments of company law), section 141 (application to declare dissolution of company void);</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/215/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/215/1/b" id="section-215-1-b"><Pnumber>b</Pnumber><P3para><Text>in Part VI (mergers)—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/215/1/b/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/215/1/b/i" id="section-215-1-b-i"><Pnumber>i</Pnumber><P4para><Text>sections 147 to 150, and</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/215/1/b/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/215/1/b/ii" id="section-215-1-b-ii"><Pnumber>ii</Pnumber><P4para><Text>paragraphs 2 to 12, 14 to 16, 18 to 20, 22 to 25 of Schedule 20, and section 153 so far as relating to those paragraphs;</Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/215/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/215/1/c" id="section-215-1-c"><Pnumber>c</Pnumber><P3para><Text>in Part VIII (amendments of the <CommentaryRef Ref="c13697821"/>Financial Services Act 1986), section 202 (offers of short-dated debentures);</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/215/1/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/215/1/d" id="section-215-1-d"><Pnumber>d</Pnumber><P3para><Text>in Part X (miscellaneous and general provisions), the repeals made by Schedule 24 in sections 71, 74, 88 and 89 of, and Schedule 9 to, the <CommentaryRef Ref="c13697831"/>Fair Trading Act 1973, and section 212 so far as relating to those repeals.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/215/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/215/2" id="section-215-2"><Pnumber><CommentaryRef Ref="c13697841"/>2</Pnumber><P2para><Text>The other provisions of this Act come into force on such day as the Secretary of State may appoint by order made by statutory instrument; and different days may be appointed for different provisions and different purposes.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/215/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/215/3" id="section-215-3"><Pnumber>3</Pnumber><P2para><Text>An order bringing into force any provision may contain such transitional provisions and savings as appear to the Secretary of State to be necessary or expedient.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/215/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/215/4" id="section-215-4"><Pnumber>4</Pnumber><P2para><Text>The Secretary of State may also by order under this section amend any enactment which refers to the commencement of a provision brought into force by the order so as to substitute a reference to the actual date on which it comes into force.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2013-04-01"><Title> Short title.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/216" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/216" id="section-216"><Pnumber>216</Pnumber><P1para><Text>This Act may be cited as the Companies Act 1989.</Text></P1para></P1></P1group></Pblock></Part></Body><Schedules RestrictExtent="E+W+S+N.I." RestrictStartDate="2015-05-26"><Title> SCHEDULES</Title><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1" NumberOfProvisions="16" id="schedule-1" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Number><CommentaryRef Ref="c18770651"/><CommentaryRef Ref="c18770651"/>SCHEDULE 1</Number><ScheduleBody><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/1" id="schedule-1-paragraph-1"><Pnumber>1</Pnumber><P1para><Text>Schedule 4 to the <CommentaryRef Ref="c13697851"/>Companies Act 1985 (form and content of company accounts) is amended as follows.</Text></P1para></P1></P1group><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/crossheading/group-undertakings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/crossheading/group-undertakings" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-1-crossheading-group-undertakings" RestrictStartDate="2008-04-06"><Title> Group undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/2" id="schedule-1-paragraph-2"><Pnumber>2</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/2/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/2/1" id="schedule-1-paragraph-2-1"><Pnumber>1</Pnumber><P2para><Text>For  “group companies”, wherever occurring, substitute <InlineAmendment>“
              group undertakings
            ”</InlineAmendment>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/2/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/2/2" id="schedule-1-paragraph-2-2"><Pnumber>2</Pnumber><P2para><Text>That expression occurs—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/2/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/2/2/a" id="schedule-1-paragraph-2-2-a"><Pnumber>a</Pnumber><P3para><Text>in Balance Sheet Format 1, in Items B.III.1 and 2, C.II.2, C.III.1, E.6 and H.6;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/2/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/2/2/b" id="schedule-1-paragraph-2-2-b"><Pnumber>b</Pnumber><P3para><Text>in Balance Sheet Format 2—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/2/2/b/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/2/2/b/i" id="schedule-1-paragraph-2-2-b-i"><Pnumber>i</Pnumber><P4para><Text>under the heading  “ASSETS”, in Items B.III.1 and 2, C.II.2 and C.III.1;</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/2/2/b/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/2/2/b/ii" id="schedule-1-paragraph-2-2-b-ii"><Pnumber>ii</Pnumber><P4para><Text>under the heading  “LIABILITIES”, in Item C.6;</Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/2/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/2/2/c" id="schedule-1-paragraph-2-2-c"><Pnumber>c</Pnumber><P3para><Text>in the Profit and Loss Accounts Formats—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/2/2/c/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/2/2/c/i" id="schedule-1-paragraph-2-2-c-i"><Pnumber>i</Pnumber><P4para><Text>in Format 1, Item 7;</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/2/2/c/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/2/2/c/ii" id="schedule-1-paragraph-2-2-c-ii"><Pnumber>ii</Pnumber><P4para><Text>in Format 2, Item 9;</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/2/2/c/iii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/2/2/c/iii" id="schedule-1-paragraph-2-2-c-iii"><Pnumber>iii</Pnumber><P4para><Text>in Format 3, Item B.3;</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/2/2/c/iv" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/2/2/c/iv" id="schedule-1-paragraph-2-2-c-iv"><Pnumber>iv</Pnumber><P4para><Text>in Format 4, Item B.5;</Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/2/2/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/2/2/d" id="schedule-1-paragraph-2-2-d"><Pnumber>d</Pnumber><P3para><Text>in Notes (15) and (16) to the profit and loss account formats; and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/2/2/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/2/2/e" id="schedule-1-paragraph-2-2-e"><Pnumber>e</Pnumber><P3para><Text>in the second sentence of paragraph 53(2)

							(exclusion from requirement to state separately certain loans).</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/crossheading/participating-interests" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/crossheading/participating-interests" NumberOfProvisions="2" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-1-crossheading-participating-interests" RestrictStartDate="2008-04-06"><Title> Participating interests</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/3" id="schedule-1-paragraph-3"><Pnumber>3</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/3/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/3/1" id="schedule-1-paragraph-3-1"><Pnumber>1</Pnumber><P2para><Text>For  “shares in related companies”, wherever occurring, substitute <InlineAmendment>“
              participating interests
            ”</InlineAmendment>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/3/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/3/2" id="schedule-1-paragraph-3-2"><Pnumber>2</Pnumber><P2para><Text>That expression occurs—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/3/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/3/2/a" id="schedule-1-paragraph-3-2-a"><Pnumber>a</Pnumber><P3para><Text>in Balance Sheet Format 1, Item B.III.3;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/3/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/3/2/b" id="schedule-1-paragraph-3-2-b"><Pnumber>b</Pnumber><P3para><Text>in Balance Sheet Format 2, under the heading  

								“ASSETS”, in Item B.III.3;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/3/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/3/2/c" id="schedule-1-paragraph-3-2-c"><Pnumber>c</Pnumber><P3para><Text>in the Profit and Loss Accounts Formats—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/3/2/c/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/3/2/c/i" id="schedule-1-paragraph-3-2-c-i"><Pnumber>i</Pnumber><P4para><Text>in Format 1, Item 8;</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/3/2/c/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/3/2/c/ii" id="schedule-1-paragraph-3-2-c-ii"><Pnumber>ii</Pnumber><P4para><Text>in Format 2, Item 10;</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/3/2/c/iii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/3/2/c/iii" id="schedule-1-paragraph-3-2-c-iii"><Pnumber>iii</Pnumber><P4para><Text>in Format 3, Item B.4;</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/3/2/c/iv" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/3/2/c/iv" id="schedule-1-paragraph-3-2-c-iv"><Pnumber>iv</Pnumber><P4para><Text>in Format 4, Item B.6.</Text></P4para></P4></P3para></P3></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/4" id="schedule-1-paragraph-4"><Pnumber>4</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/4/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/4/1" id="schedule-1-paragraph-4-1"><Pnumber>1</Pnumber><P2para><Text>For  “related companies”, wherever occurring in any other context, substitute <InlineAmendment>“
              undertakings in which the company has a participating interest
            ”</InlineAmendment>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/4/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/4/2" id="schedule-1-paragraph-4-2"><Pnumber>2</Pnumber><P2para><Text>Those contexts are—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/4/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/4/2/a" id="schedule-1-paragraph-4-2-a"><Pnumber>a</Pnumber><P3para><Text>in Balance Sheet Format 1, in Items B.III.4, C.II.3, E.7 and H.7;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/4/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/4/2/b" id="schedule-1-paragraph-4-2-b"><Pnumber>b</Pnumber><P3para><Text>in Balance Sheet Format 2—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/4/2/b/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/4/2/b/i" id="schedule-1-paragraph-4-2-b-i"><Pnumber>i</Pnumber><P4para><Text>under the heading 

										“ASSETS”, in Items B.III.4 and C.II.3;</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/4/2/b/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/4/2/b/ii" id="schedule-1-paragraph-4-2-b-ii"><Pnumber>ii</Pnumber><P4para><Text>under the heading  “LIABILITIES”, in Item C.7.</Text></P4para></P4></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/crossheading/consistency-of-accounting-policies" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/crossheading/consistency-of-accounting-policies" NumberOfProvisions="2" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-1-crossheading-consistency-of-accounting-policies" RestrictStartDate="2008-04-06"><Title> Consistency of accounting policies</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/5" id="schedule-1-paragraph-5"><Pnumber>5</Pnumber><P1para><Text>For paragraph 11 (consistency of accounting policy from one year to the next) substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group Layout="below"><Title/><P1><Pnumber>11</Pnumber><P1para><Text>Accounting policies shall be applied consistently within the same accounts and from one financial year to the next.</Text></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/crossheading/revaluation-reserve" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/crossheading/revaluation-reserve" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-1-crossheading-revaluation-reserve" RestrictStartDate="2008-04-06"><Title> Revaluation reserve</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/6" id="schedule-1-paragraph-6"><Pnumber>6</Pnumber><P1para><Text>In paragraph 34 (revaluation reserve), for sub-paragraph (3)

			(circumstances in which reduction of reserve required or permitted) substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P2><Pnumber>3</Pnumber><P2para><Text>An amount may be transferred from the revaluation reserve—</Text><P3><Pnumber>a</Pnumber><P3para><Text>to the profit and loss account, if the amount was previously charged to that account or represents realised profit, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>on capitalisation;</Text></P3para></P3><Text>and the revaluation reserve shall be reduced to the extent that the amounts transferred to it are no longer necessary for the purposes of the valuation method used.</Text></P2para></P2><P2><Pnumber>3A</Pnumber><P2para><Text>In sub-paragraph (3)(b) “<Term>capitalisation</Term>”, in relation to an amount standing to the credit of the revaluation reserve, means applying it in wholly or partly paying up unissued shares in the company to be allotted to members of the company as fully or partly paid shares.</Text></P2para></P2><P2><Pnumber>3B</Pnumber><P2para><Text>The revaluation reserve shall not be reduced except as mentioned in this paragraph.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/crossheading/compliance-with-accounting-standards" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/crossheading/compliance-with-accounting-standards" NumberOfProvisions="2" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-1-crossheading-compliance-with-accounting-standards" RestrictStartDate="2008-04-06"><Title> Compliance with accounting standards</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/7" id="schedule-1-paragraph-7"><Pnumber>7</Pnumber><P1para><Text>After paragraph 36 (disclosure of accounting policies) insert—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group Layout="below"><Title/><P1><Pnumber>36A</Pnumber><P1para><Text>It shall be stated whether the accounts have been prepared in accordance with applicable accounting standards and particulars of any material departure from those standards and the reasons for it shall be given.</Text></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/crossheading/provision-for-taxation" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/crossheading/provision-for-taxation" NumberOfProvisions="2" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-1-crossheading-provision-for-taxation" RestrictStartDate="2008-04-06"><Title> Provision for taxation</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/8" id="schedule-1-paragraph-8"><Pnumber>8</Pnumber><P1para><Text>For paragraph 47 (provision for taxation) substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group Layout="below"><Title/><P1><Pnumber>47</Pnumber><P1para><Text>The amount of any provision for deferred taxation shall be stated separately from the amount of any provision for other taxation.</Text></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/crossheading/loans-in-connection-with-assistance-for-purchase-of-companys-own-shares" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/crossheading/loans-in-connection-with-assistance-for-purchase-of-companys-own-shares" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-1-crossheading-loans-in-connection-with-assistance-for-purchase-of-companys-own-shares" RestrictStartDate="2008-04-06"><Title> Loans in connection with assistance for purchase of company’s own shares</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/9" id="schedule-1-paragraph-9"><Pnumber>9</Pnumber><P1para><Text>In paragraph 51(2)

			(disclosure of outstanding loans in connection with certain cases of financial assistance for purchase of company’s own shares), after  “153(4)(b)” insert <InlineAmendment>“
          , (bb)
        ”</InlineAmendment>.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/crossheading/obligation-to-show-corresponding-amounts-for-previous-financial-year" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/crossheading/obligation-to-show-corresponding-amounts-for-previous-financial-year" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-1-crossheading-obligation-to-show-corresponding-amounts-for-previous-financial-year" RestrictStartDate="2008-04-06"><Title> Obligation to show corresponding amounts for previous financial year</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/10" id="schedule-1-paragraph-10"><Pnumber>10</Pnumber><P1para><Text>In paragraph 58(3)

			(exceptions from obligation to show corresponding amount for previous financial year), for paragraphs (a) to (c) substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P3><Pnumber>a</Pnumber><P3para><Text>paragraph 13 of Schedule 4A (details of accounting treatment of acquisitions),</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>paragraphs 2, 8(3), 16, 21(1)(d), 22(4) and (5), 24(3) and (4) and 27(3) and (4) of Schedule 5 (shareholdings in other undertakings),</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>Parts II and III of Schedule 6 (loans and other dealings in favour of directors and others), and</Text></P3para></P3><P3><Pnumber>d</Pnumber><P3para><Text>paragraphs 42 and 46 above (fixed assets and reserves and provisions).</Text></P3para></P3></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/crossheading/special-provisions-where-company-is-parent-company-or-subsidiary-undertaking" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/crossheading/special-provisions-where-company-is-parent-company-or-subsidiary-undertaking" NumberOfProvisions="3" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-1-crossheading-special-provisions-where-company-is-parent-company-or-subsidiary-undertaking" RestrictStartDate="2008-04-06"><Title> Special provisions where company is parent company or subsidiary undertaking</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/11" id="schedule-1-paragraph-11"><Pnumber>11</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/11/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/11/1" id="schedule-1-paragraph-11-1"><Pnumber>1</Pnumber><P2para><Text>For the heading to Part IV (special provisions where the company is a holding or subsidiary company) substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><Part><Number>Part IV</Number><Title> Special Provisions Where Company is a Parent Company or Subsidiary Undertaking</Title><P><Text/></P></Part></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/11/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/11/2" id="schedule-1-paragraph-11-2"><Pnumber>2</Pnumber><P2para><Text>In that Part for paragraph 59 substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group><Title> Dealings with or interests in group undertakings</Title><P1><Pnumber>59</Pnumber><P1para><Text>Where a company is a parent company or a subsidiary undertaking and any item required by Part I of this Schedule to be shown in the company’s balance sheet in relation to group undertakings includes—</Text><P3><Pnumber>a</Pnumber><P3para><Text>amounts attributable to dealings with or interests in any parent undertaking or fellow subsidiary undertaking, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>amounts attributable to dealings with or interests in any subsidiary undertaking of the company,</Text></P3para></P3><Text>the aggregate amounts within paragraphs (a) and (b) respectively shall be shown as separate items, either by way of subdivision of the relevant item in the balance sheet or in a note to the company’s accounts.</Text></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/1/paragraph/11/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/1/paragraph/11/3" id="schedule-1-paragraph-11-3"><Pnumber>3</Pnumber><P2para><Text>After that paragraph insert—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group><Title> Guarantees and other financial commitments in favour of group undertakings</Title><P1><Pnumber>59A</Pnumber><P1para><Text>Commitments within any of sub-paragraphs (1) to (5) of paragraph 50 (guarantees and other financial commitments) which are undertaken on behalf of or for the benefit of—</Text><P3><Pnumber>a</Pnumber><P3para><Text>any parent undertaking or fellow subsidiary undertaking, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>any subsidiary undertaking of the company,</Text></P3para></P3><Text>shall be stated separately from the other commitments within that sub-paragraph, and commitments within paragraph (a) shall also be stated separately from those within paragraph (b).</Text></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group></Pblock></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2" NumberOfProvisions="22" id="schedule-2" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Number><CommentaryRef Ref="c18770661"/><CommentaryRef Ref="c18770661"/>SCHEDULE 2</Number><ScheduleBody><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/crossheading/general-rules" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/crossheading/general-rules" NumberOfProvisions="5" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-2-crossheading-general-rules" RestrictStartDate="2008-04-06"><Title> General rules</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/1" id="schedule-2-paragraph-1"><Pnumber>1</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/1/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/1/1" id="schedule-2-paragraph-1-1"><Pnumber>1</Pnumber><P2para><Text>Group accounts shall comply so far as practicable with the provisions of Schedule 4 as if the undertakings included in the consolidation (“the group”) were a single company.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/1/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/1/2" id="schedule-2-paragraph-1-2"><Pnumber>2</Pnumber><P2para><Text>In particular, for the purposes of paragraph 59 of that Schedule (dealings with or interests in group undertakings) as it applies to group accounts—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/1/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/1/2/a" id="schedule-2-paragraph-1-2-a"><Pnumber>a</Pnumber><P3para><Text>any subsidiary undertakings of the parent company not included in the consolidation shall be treated as subsidiary undertakings of the group, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/1/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/1/2/b" id="schedule-2-paragraph-1-2-b"><Pnumber>b</Pnumber><P3para><Text>if the parent company is itself a subsidiary undertaking, the group shall be treated as a subsidiary undertaking of any parent undertaking of that company, and the reference to fellow-subsidiary undertakings shall be construed accordingly.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/1/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/1/3" id="schedule-2-paragraph-1-3"><Pnumber>3</Pnumber><P2para><Text>Where the parent company is treated as an investment company for the purposes of Part V of that Schedule (special provisions for investment companies) the group shall be similarly treated.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/2" id="schedule-2-paragraph-2"><Pnumber>2</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/2/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/2/1" id="schedule-2-paragraph-2-1"><Pnumber>1</Pnumber><P2para><Text>The consolidated balance sheet and profit and loss account shall incorporate in full the information contained in the individual accounts of the undertakings included in the consolidation, subject to the adjustments authorised or required by the following provisions of this Schedule and to such other adjustments (if any) as may be appropriate in accordance with generally accepted accounting principles or practice.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/2/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/2/2" id="schedule-2-paragraph-2-2"><Pnumber>2</Pnumber><P2para><Text>If the financial year of a subsidiary undertaking included in the consolidation differs from that of the parent company, the group accounts shall be made up—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/2/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/2/2/a" id="schedule-2-paragraph-2-2-a"><Pnumber>a</Pnumber><P3para><Text>from the accounts of the subsidiary undertaking for its financial year last ending before the end of the parent company’s financial year, provided that year ended no more than three months before that of the parent company, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/2/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/2/2/b" id="schedule-2-paragraph-2-2-b"><Pnumber>b</Pnumber><P3para><Text>from interim accounts prepared by the subsidiary undertaking as at the end of the parent company’s financial year.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/3" id="schedule-2-paragraph-3"><Pnumber>3</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/3/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/3/1" id="schedule-2-paragraph-3-1"><Pnumber>1</Pnumber><P2para><Text>Where assets and liabilities to be included in the group accounts have been valued or otherwise determined by undertakings according to accounting rules differing from those used for the group accounts, the values or amounts shall be adjusted so as to accord with the rules used for the group accounts.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/3/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/3/2" id="schedule-2-paragraph-3-2"><Pnumber>2</Pnumber><P2para><Text>If it appears to the directors of the parent company that there are special reasons for departing from sub-paragraph (1) they may do so, but particulars of any such departure, the reasons for it and its effect shall be given in a note to the accounts.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/3/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/3/3" id="schedule-2-paragraph-3-3"><Pnumber>3</Pnumber><P2para><Text>The adjustments referred to in this paragraph need not be made if they are not material for the purpose of giving a true and fair view.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/4" id="schedule-2-paragraph-4"><Pnumber>4</Pnumber><P1para><Text>Any differences of accounting rules as between a parent company’s individual accounts for a financial year and its group accounts shall be disclosed in a note to the latter accounts and the reasons for the difference given.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/5" id="schedule-2-paragraph-5"><Pnumber>5</Pnumber><P1para><Text>Amounts which in the particular context of any provision of this Schedule are not material may be disregarded for the purposes of that provision.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/crossheading/elimination-of-group-transactions" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/crossheading/elimination-of-group-transactions" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-2-crossheading-elimination-of-group-transactions" RestrictStartDate="2008-04-06"><Title> Elimination of group transactions</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/6" id="schedule-2-paragraph-6"><Pnumber>6</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/6/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/6/1" id="schedule-2-paragraph-6-1"><Pnumber>1</Pnumber><P2para><Text>Debts and claims between undertakings included in the consolidation, and income and expenditure relating to transactions between such undertakings, shall be eliminated in preparing the group accounts.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/6/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/6/2" id="schedule-2-paragraph-6-2"><Pnumber>2</Pnumber><P2para><Text>Where profits and losses resulting from transactions between undertakings included in the consolidation are included in the book value of assets, they shall be eliminated in preparing the group accounts.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/6/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/6/3" id="schedule-2-paragraph-6-3"><Pnumber>3</Pnumber><P2para><Text>The elimination required by sub-paragraph (2) may be effected in proportion to the group’s interest in the shares of the undertakings.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/6/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/6/4" id="schedule-2-paragraph-6-4"><Pnumber>4</Pnumber><P2para><Text>Sub-paragraphs (1) and (2) need not be complied with if the amounts concerned are not material for the purpose of giving a true and fair view.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/crossheading/acquisition-and-merger-accounting" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/crossheading/acquisition-and-merger-accounting" NumberOfProvisions="10" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-2-crossheading-acquisition-and-merger-accounting" RestrictStartDate="2008-04-06"><Title> Acquisition and merger accounting</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/7" id="schedule-2-paragraph-7"><Pnumber>7</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/7/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/7/1" id="schedule-2-paragraph-7-1"><Pnumber>1</Pnumber><P2para><Text>The following provisions apply where an undertaking becomes a subsidiary undertaking of the parent company.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/7/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/7/2" id="schedule-2-paragraph-7-2"><Pnumber>2</Pnumber><P2para><Text>That event is referred to in those provisions as an “acquisition”, and references to the “<Term id="term-undertaking-acquired">undertaking acquired</Term>” shall be construed accordingly.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/8" id="schedule-2-paragraph-8"><Pnumber>8</Pnumber><P1para><Text>An acquisition shall be accounted for by the acquisition method of accounting unless the conditions for accounting for it as a merger are met and the merger method of accounting is adopted.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/9" id="schedule-2-paragraph-9"><Pnumber>9</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/9/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/9/1" id="schedule-2-paragraph-9-1"><Pnumber>1</Pnumber><P2para><Text>The acquisition method of accounting is as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/9/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/9/2" id="schedule-2-paragraph-9-2"><Pnumber>2</Pnumber><P2para><Text>The identifiable assets and liabilities of the undertaking acquired shall be included in the consolidated balance sheet at their fair values as at the date of acquisition.</Text></P2para><P2para><Text>In this paragraph the “identifiable” assets or liabilities of the undertaking acquired means the assets or liabilities which are capable of being disposed of or discharged separately, without disposing of a business of the undertaking.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/9/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/9/3" id="schedule-2-paragraph-9-3"><Pnumber>3</Pnumber><P2para><Text>The income and expenditure of the undertaking acquired shall be brought into the group accounts only as from the date of the acquisition.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/9/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/9/4" id="schedule-2-paragraph-9-4"><Pnumber>4</Pnumber><P2para><Text>There shall be set off against the acquisition cost of the interest in the shares of the undertaking held by the parent company and its subsidiary undertakings the interest of the parent company and its subsidiary undertakings in the adjusted capital and reserves of the undertaking acquired.</Text></P2para><P2para><Text>For this purpose—</Text><UnorderedList Decoration="none" Class="Definition"><ListItem><Para><Text>“<Term id="term-the-acquisition-cost">the acquisition cost</Term>” means the amount of any cash consideration and the fair value of any other consideration, together with such amount (if any) in respect of fees and other expenses of the acquisition as the company may determine, and</Text></Para></ListItem><ListItem><Para><Text>“<Term id="term-the-adjusted-capital-and-reserves">the adjusted capital and reserves</Term>” of the undertaking acquired means its capital and reserves at the date of the acquisition after adjusting the identifiable assets and liabilities of the undertaking to fair values as at that date.</Text></Para></ListItem></UnorderedList></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/9/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/9/5" id="schedule-2-paragraph-9-5"><Pnumber>5</Pnumber><P2para><Text>The resulting amount if positive shall be treated as goodwill, and if negative as a negative consolidation difference.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/10" id="schedule-2-paragraph-10"><Pnumber>10</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/10/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/10/1" id="schedule-2-paragraph-10-1"><Pnumber>1</Pnumber><P2para><Text>The conditions for accounting for an acquisition as a merger are—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/10/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/10/1/a" id="schedule-2-paragraph-10-1-a"><Pnumber>a</Pnumber><P3para><Text>that at least 90 per cent. of the nominal value of the relevant shares in the undertaking acquired is held by or on behalf of the parent company and its subsidiary undertakings,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/10/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/10/1/b" id="schedule-2-paragraph-10-1-b"><Pnumber>b</Pnumber><P3para><Text>that the proportion referred to in paragraph (a) was attained pursuant to an arrangement providing for the issue of equity shares by the parent company or one or more of its subsidiary undertakings,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/10/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/10/1/c" id="schedule-2-paragraph-10-1-c"><Pnumber>c</Pnumber><P3para><Text>that the fair value of any consideration other than the issue of equity shares given pursuant to the arrangement by the parent company and its subsidiary undertakings did not exceed 10 per cent. of the nominal value of the equity shares issued, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/10/1/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/10/1/d" id="schedule-2-paragraph-10-1-d"><Pnumber>d</Pnumber><P3para><Text>that adoption of the merger method of accounting accords with generally accepted accounting principles or practice.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/10/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/10/2" id="schedule-2-paragraph-10-2"><Pnumber>2</Pnumber><P2para><Text>The reference in sub-paragraph (1)(a) to the “relevant shares” in an undertaking acquired is to those carrying unrestricted rights to participate both in distributions and in the assets of the undertaking upon liquidation.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/11" id="schedule-2-paragraph-11"><Pnumber>11</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/11/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/11/1" id="schedule-2-paragraph-11-1"><Pnumber>1</Pnumber><P2para><Text>The merger method of accounting is as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/11/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/11/2" id="schedule-2-paragraph-11-2"><Pnumber>2</Pnumber><P2para><Text>The assets and liabilities of the undertaking acquired shall be brought into the group accounts at the figures at which they stand in the undertaking’s accounts, subject to any adjustment authorised or required by this Schedule.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/11/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/11/3" id="schedule-2-paragraph-11-3"><Pnumber>3</Pnumber><P2para><Text>The income and expenditure of the undertaking acquired shall be included in the group accounts for the entire financial year, including the period before the acquisition.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/11/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/11/4" id="schedule-2-paragraph-11-4"><Pnumber>4</Pnumber><P2para><Text>The group accounts shall show corresponding amounts relating to the previous financial year as if the undertaking acquired had been included in the consolidation throughout that year.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/11/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/11/5" id="schedule-2-paragraph-11-5"><Pnumber>5</Pnumber><P2para><Text>There shall be set off against the aggregate of—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/11/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/11/5/a" id="schedule-2-paragraph-11-5-a"><Pnumber>a</Pnumber><P3para><Text>the appropriate amount in respect of qualifying shares issued by the parent company or its subsidiary undertakings in consideration for the acquisition of shares in the undertaking acquired, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/11/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/11/5/b" id="schedule-2-paragraph-11-5-b"><Pnumber>b</Pnumber><P3para><Text>the fair value of any other consideration for the acquisition of shares in the undertaking acquired, determined as at the date when those shares were acquired,</Text></P3para></P3><Text>the nominal value of the issued share capital of the undertaking acquired held by the parent company and its subsidiary undertakings.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/11/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/11/6" id="schedule-2-paragraph-11-6"><Pnumber>6</Pnumber><P2para><Text>The resulting amount shall be shown as an adjustment to the consolidated reserves.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/11/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/11/7" id="schedule-2-paragraph-11-7"><Pnumber>7</Pnumber><P2para><Text>In sub-paragraph (5)(a) “<Term id="term-qualifying-shares">qualifying shares</Term>” means—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/11/7/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/11/7/a" id="schedule-2-paragraph-11-7-a"><Pnumber>a</Pnumber><P3para><Text>shares in relation to which section 131 (merger relief) applies, in respect of which the appropriate amount is the nominal value; or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/11/7/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/11/7/b" id="schedule-2-paragraph-11-7-b"><Pnumber>b</Pnumber><P3para><Text>shares in relation to which section 132 (relief in respect of group reconstructions) applies, in respect of which the appropriate amount is the nominal value together with any minimum premium value within the meaning of that section.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/12" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/12" id="schedule-2-paragraph-12"><Pnumber>12</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/12/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/12/1" id="schedule-2-paragraph-12-1"><Pnumber>1</Pnumber><P2para><Text>Where a group is acquired, paragraphs 9 to 11 apply with the following adaptations.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/12/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/12/2" id="schedule-2-paragraph-12-2"><Pnumber>2</Pnumber><P2para><Text>References to shares of the undertaking acquired shall be construed as references to shares of the parent undertaking of the group.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/12/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/12/3" id="schedule-2-paragraph-12-3"><Pnumber>3</Pnumber><P2para><Text>Other references to the undertaking acquired shall be construed as references to the group; and references to the assets and liabilities, income and expenditure and capital and reserves of the undertaking acquired shall be construed as references to the assets and liabilities, income and expenditure and capital and reserves of the group after making the set-offs and other adjustments required by this Schedule in the case of group accounts.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/13" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/13" id="schedule-2-paragraph-13"><Pnumber>13</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/13/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/13/1" id="schedule-2-paragraph-13-1"><Pnumber>1</Pnumber><P2para><Text>The following information with respect to acquisitions taking place in the financial year shall be given in a note to the accounts.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/13/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/13/2" id="schedule-2-paragraph-13-2"><Pnumber>2</Pnumber><P2para><Text>There shall be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/13/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/13/2/a" id="schedule-2-paragraph-13-2-a"><Pnumber>a</Pnumber><P3para><Text>the name of the undertaking acquired or, where a group was acquired, the name of the parent undertaking of that group, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/13/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/13/2/b" id="schedule-2-paragraph-13-2-b"><Pnumber>b</Pnumber><P3para><Text>whether the acquisition has been accounted for by the acquisition or the merger method of accounting;</Text></P3para></P3><Text>and in relation to an acquisition which significantly affects the figures shown in the group accounts, the following further information shall be given.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/13/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/13/3" id="schedule-2-paragraph-13-3"><Pnumber>3</Pnumber><P2para><Text>The composition and fair value of the consideration for the acquisition given by the parent company and its subsidiary undertakings shall be stated.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/13/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/13/4" id="schedule-2-paragraph-13-4"><Pnumber>4</Pnumber><P2para><Text>The profit or loss of the undertaking or group acquired shall be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/13/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/13/4/a" id="schedule-2-paragraph-13-4-a"><Pnumber>a</Pnumber><P3para><Text>for the period from the beginning of the financial year of the undertaking or, as the case may be, of the parent undertaking of the group, up to the date of the acquisition, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/13/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/13/4/b" id="schedule-2-paragraph-13-4-b"><Pnumber>b</Pnumber><P3para><Text>for the previous financial year of that undertaking or parent undertaking;</Text></P3para></P3><Text>and there shall also be stated the date on which the financial year referred to in paragraph (a) began.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/13/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/13/5" id="schedule-2-paragraph-13-5"><Pnumber>5</Pnumber><P2para><Text>Where the acquisition method of accounting has been adopted, the book values immediately prior to the acquisition, and the fair values at the date of acquisition, of each class of assets and liabilities of the undertaking or group acquired shall be stated in tabular form, including a statement of the amount of any goodwill or negative consolidation difference arising on the acquisition, together with an explanation of any significant adjustments made.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/13/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/13/6" id="schedule-2-paragraph-13-6"><Pnumber>6</Pnumber><P2para><Text>Where the merger method of accounting has been adopted, an explanation shall be given of any significant adjustments made in relation to the amounts of the assets and liabilities of the undertaking or group acquired, together with a statement of any resulting adjustment to the consolidated reserves (including the re-statement of opening consolidated reserves).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/13/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/13/7" id="schedule-2-paragraph-13-7"><Pnumber>7</Pnumber><P2para><Text>In ascertaining for the purposes of sub-paragraph (4), (5) or (6) the profit or loss of a group, the book values and fair values of assets and liabilities of a group or the amount of the assets and liabilities of a group, the set-offs and other adjustments required by this Schedule in the case of group accounts shall be made.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/14" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/14" id="schedule-2-paragraph-14"><Pnumber>14</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/14/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/14/1" id="schedule-2-paragraph-14-1"><Pnumber>1</Pnumber><P2para><Text>There shall also be stated in a note to the accounts the cumulative amount of goodwill resulting from acquisitions in that and earlier financial years which has been written off.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/14/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/14/2" id="schedule-2-paragraph-14-2"><Pnumber>2</Pnumber><P2para><Text>That figure shall be shown net of any goodwill attributable to subsidiary undertakings or businesses disposed of prior to the balance sheet date.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/15" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/15" id="schedule-2-paragraph-15"><Pnumber>15</Pnumber><P1para><Text>Where during the financial year there has been a disposal of an undertaking or group which significantly affects the figures shown in the group accounts, there shall be stated in a note to the accounts—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/15/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/15/a" id="schedule-2-paragraph-15-a"><Pnumber>a</Pnumber><P3para><Text>the name of that undertaking or, as the case may be, of the parent undertaking of that group, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/15/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/15/b" id="schedule-2-paragraph-15-b"><Pnumber>b</Pnumber><P3para><Text>the extent to which the profit or loss shown in the group accounts is attributable to profit or loss of that undertaking or group.</Text></P3para></P3></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/16" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/16" id="schedule-2-paragraph-16"><Pnumber>16</Pnumber><P1para><Text>The information required by paragraph 13, 14 or 15 above need not be disclosed with respect to an undertaking which—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/16/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/16/a" id="schedule-2-paragraph-16-a"><Pnumber>a</Pnumber><P3para><Text>is established under the law of a country outside the United Kingdom, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/16/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/16/b" id="schedule-2-paragraph-16-b"><Pnumber>b</Pnumber><P3para><Text>carries on business outside the United Kingdom,</Text></P3para></P3><Text>if in the opinion of the directors of the parent company the disclosure would be seriously prejudicial to the business of that undertaking or to the business of the parent company or any of its subsidiary undertakings and the Secretary of State agrees that the information should not be disclosed.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/crossheading/minority-interests" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/crossheading/minority-interests" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-2-crossheading-minority-interests" RestrictStartDate="2008-04-06"><Title> Minority interests</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17" id="schedule-2-paragraph-17"><Pnumber>17</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/1" id="schedule-2-paragraph-17-1"><Pnumber>1</Pnumber><P2para><Text>The formats set out in Schedule 4 have effect in relation to group accounts with the following additions.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/2" id="schedule-2-paragraph-17-2"><Pnumber>2</Pnumber><P2para><Text>In the Balance Sheet Formats a further item headed “<Term id="term-minority-interests">Minority interests</Term>” shall be added—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/2/a" id="schedule-2-paragraph-17-2-a"><Pnumber>a</Pnumber><P3para><Text>in Format 1, either after item J or at the end (after item K), and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/2/b" id="schedule-2-paragraph-17-2-b"><Pnumber>b</Pnumber><P3para><Text>in Format 2, under the general heading “LIABILITIES”, between items A and B;</Text></P3para></P3><Text>and under that item shall be shown the amount of capital and reserves attributable to shares in subsidiary undertakings included in the consolidation held by or on behalf of persons other than the parent company and its subsidiary undertakings.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/3" id="schedule-2-paragraph-17-3"><Pnumber>3</Pnumber><P2para><Text>In the Profit and Loss Account Formats a further item headed “<Term id="term-minority-interests">Minority interests</Term>” shall be added—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/3/a" id="schedule-2-paragraph-17-3-a"><Pnumber>a</Pnumber><P3para><Text>in Format 1, between items 14 and 15,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/3/b" id="schedule-2-paragraph-17-3-b"><Pnumber>b</Pnumber><P3para><Text>in Format 2, between items 16 and 17,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/3/c" id="schedule-2-paragraph-17-3-c"><Pnumber>c</Pnumber><P3para><Text>in Format 3, between items 7 and 8 in both sections A and B, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/3/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/3/d" id="schedule-2-paragraph-17-3-d"><Pnumber>d</Pnumber><P3para><Text>in Format 4, between items 9 and 10 in both sections A and B;</Text></P3para></P3><Text>and under that item shall be shown the amount of any profit or loss on ordinary activities attributable to shares in subsidiary undertakings included in the consolidation held by or on behalf of persons other than the parent company and its subsidiary undertakings.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/4" id="schedule-2-paragraph-17-4"><Pnumber>4</Pnumber><P2para><Text>In the Profit and Loss Account Formats a further item headed “<Term id="term-minority-interests">Minority interests</Term>” shall be added—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/4/a" id="schedule-2-paragraph-17-4-a"><Pnumber>a</Pnumber><P3para><Text>in Format 1, between items 18 and 19,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/4/b" id="schedule-2-paragraph-17-4-b"><Pnumber>b</Pnumber><P3para><Text>in Format 2, between items 20 and 21,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/4/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/4/c" id="schedule-2-paragraph-17-4-c"><Pnumber>c</Pnumber><P3para><Text>in Format 3, between items 9 and 10 in section A and between items 8 and 9 in section B, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/4/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/4/d" id="schedule-2-paragraph-17-4-d"><Pnumber>d</Pnumber><P3para><Text>in Format 4, between items 11 and 12 in section A and between items 10 and 11 in section B;</Text></P3para></P3><Text>and under that item shall be shown the amount of any profit or loss on extraordinary activities attributable to shares in subsidiary undertakings included in the consolidation held by or on behalf of persons other than the parent company and its subsidiary undertakings.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/5" id="schedule-2-paragraph-17-5"><Pnumber>5</Pnumber><P2para><Text>For the purposes of paragraph 3(3) and (4) of Schedule 4 (power to adapt or combine items)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/5/a" id="schedule-2-paragraph-17-5-a"><Pnumber>a</Pnumber><P3para><Text>the additional item required by sub-paragraph (2) above shall be treated as one to which a letter is assigned, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/17/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/17/5/b" id="schedule-2-paragraph-17-5-b"><Pnumber>b</Pnumber><P3para><Text>the additional items required by sub-paragraphs (3) and (4) above shall be treated as ones to which an Arabic number is assigned.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/crossheading/interests-in-subsidiary-undertakings-excluded-from-consolidation" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/crossheading/interests-in-subsidiary-undertakings-excluded-from-consolidation" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-2-crossheading-interests-in-subsidiary-undertakings-excluded-from-consolidation" RestrictStartDate="2008-04-06"><Title> Interests in subsidiary undertakings excluded from consolidation</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/18" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/18" id="schedule-2-paragraph-18"><Pnumber>18</Pnumber><P1para><Text>The interest of the group in subsidiary undertakings excluded from consolidation under section 229(4) (undertakings with activities different from those of undertakings included in the consolidation), and the amount of profit or loss attributable to such an interest, shall be shown in the consolidated balance sheet or, as the case may be, in the consolidated profit and loss account by the equity method of accounting (including dealing with any goodwill arising in accordance with paragraphs 17 to 19 and 21 of Schedule 4).</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/crossheading/joint-ventures" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/crossheading/joint-ventures" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-2-crossheading-joint-ventures" RestrictStartDate="2008-04-06"><Title> Joint ventures</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/19" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/19" id="schedule-2-paragraph-19"><Pnumber>19</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/19/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/19/1" id="schedule-2-paragraph-19-1"><Pnumber>1</Pnumber><P2para><Text>Where an undertaking included in the consolidation manages another undertaking jointly with one or more undertakings not included in the consolidation, that other undertaking (“the joint venture”) may, if it is not—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/19/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/19/1/a" id="schedule-2-paragraph-19-1-a"><Pnumber>a</Pnumber><P3para><Text>a body corporate, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/19/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/19/1/b" id="schedule-2-paragraph-19-1-b"><Pnumber>b</Pnumber><P3para><Text>a subsidiary undertaking of the parent company,</Text></P3para></P3><Text>be dealt with in the group accounts by the method of proportional consolidation.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/19/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/19/2" id="schedule-2-paragraph-19-2"><Pnumber>2</Pnumber><P2para><Text>The provisions of this Part relating to the preparation of consolidated accounts apply, with any necessary modifications, to proportional consolidation under this paragraph.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/crossheading/associated-undertakings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/crossheading/associated-undertakings" NumberOfProvisions="3" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-2-crossheading-associated-undertakings" RestrictStartDate="2008-04-06"><Title> Associated undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/20" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/20" id="schedule-2-paragraph-20"><Pnumber>20</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/20/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/20/1" id="schedule-2-paragraph-20-1"><Pnumber>1</Pnumber><P2para><Text>An “<Term id="term-associated-undertaking">associated undertaking</Term>” means an undertaking in which an undertaking included in the consolidation has a participating interest and over whose operating and financial policy it exercises a significant influence, and which is not—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/20/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/20/1/a" id="schedule-2-paragraph-20-1-a"><Pnumber>a</Pnumber><P3para><Text>a subsidiary undertaking of the parent company, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/20/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/20/1/b" id="schedule-2-paragraph-20-1-b"><Pnumber>b</Pnumber><P3para><Text>a joint venture dealt with in accordance with paragraph 19.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/20/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/20/2" id="schedule-2-paragraph-20-2"><Pnumber>2</Pnumber><P2para><Text>Where an undertaking holds 20 per cent. or more of the voting rights in another undertaking, it shall be presumed to exercise such an influence over it unless the contrary is shown.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/20/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/20/3" id="schedule-2-paragraph-20-3"><Pnumber>3</Pnumber><P2para><Text>The voting rights in an undertaking means the rights conferred on shareholders in respect of their shares or, in the case of an undertaking not having a share capital, on members, to vote at general meetings of the undertaking on all, or substantially all, matters.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/20/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/20/4" id="schedule-2-paragraph-20-4"><Pnumber>4</Pnumber><P2para><Text>The provisions of paragraphs 5 to 11 of Schedule 10A (rights to be taken into account and attribution of rights) apply in determining for the purposes of this paragraph whether an undertaking holds 20 per cent. or more of the voting rights in another undertaking.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/21" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/21" id="schedule-2-paragraph-21"><Pnumber>21</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/21/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/21/1" id="schedule-2-paragraph-21-1"><Pnumber>1</Pnumber><P2para><Text>The formats set out in Schedule 4 have effect in relation to group accounts with the following modifications.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/21/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/21/2" id="schedule-2-paragraph-21-2"><Pnumber>2</Pnumber><P2para><Text>In the Balance Sheet Formats the items headed “Participating interests”, that is—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/21/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/21/2/a" id="schedule-2-paragraph-21-2-a"><Pnumber>a</Pnumber><P3para><Text>in Format 1, item B.III.3, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/21/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/21/2/b" id="schedule-2-paragraph-21-2-b"><Pnumber>b</Pnumber><P3para><Text>In Format 2, item B.III.3 under the heading “ASSETS”,</Text></P3para></P3><Text>shall be replaced by two items, “Interests in associated undertakings” and “Other participating interests”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/21/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/21/3" id="schedule-2-paragraph-21-3"><Pnumber>3</Pnumber><P2para><Text>In the Profit and Loss Account Formats, the items headed “Income from participating interests”, that is—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/21/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/21/3/a" id="schedule-2-paragraph-21-3-a"><Pnumber>a</Pnumber><P3para><Text>in Format 1, item 8,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/21/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/21/3/b" id="schedule-2-paragraph-21-3-b"><Pnumber>b</Pnumber><P3para><Text>in Format 2, item 10,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/21/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/21/3/c" id="schedule-2-paragraph-21-3-c"><Pnumber>c</Pnumber><P3para><Text>in Format 3, item B.4, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/21/3/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/21/3/d" id="schedule-2-paragraph-21-3-d"><Pnumber>d</Pnumber><P3para><Text>in Format 4, item B.6,</Text></P3para></P3><Text>shall be replaced by two items, “Income from interests in associated undertakings” and “Income from other participating interests”.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/22" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/22" id="schedule-2-paragraph-22"><Pnumber>22</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/22/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/22/1" id="schedule-2-paragraph-22-1"><Pnumber>1</Pnumber><P2para><Text>The interest of an undertaking in an associated undertaking, and the amount of profit or loss attributable to such an interest, shall be shown by the equity method of accounting (including dealing with any goodwill arising in accordance with paragraphs 17 to 19 and 21 of Schedule 4).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/22/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/22/2" id="schedule-2-paragraph-22-2"><Pnumber>2</Pnumber><P2para><Text>Where the associated undertaking is itself a parent undertaking, the net assets and profits or losses to be taken into account are those of the parent and its subsidiary undertakings (after making any consolidation adjustments).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/2/paragraph/22/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/2/paragraph/22/3" id="schedule-2-paragraph-22-3"><Pnumber>3</Pnumber><P2para><Text>The equity method of accounting need not be applied if the amounts in question are not material for the purpose of giving a true and fair view.</Text></P2para></P2></P1para></P1></P1group></Pblock></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3" NumberOfProvisions="32" id="schedule-3" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Number><CommentaryRef Ref="c18770671"/><CommentaryRef Ref="c18770671"/>SCHEDULE 3</Number><ScheduleBody><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/I" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/I" NumberOfProvisions="13" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-I" RestrictStartDate="2008-04-06"><Number>Part I</Number><Title> Companies not Required to Prepare Group Accounts</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/I/crossheading/subsidiary-undertakings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/I/crossheading/subsidiary-undertakings" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-I-crossheading-subsidiary-undertakings" RestrictStartDate="2008-04-06"><Title> Subsidiary undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/1" id="schedule-3-paragraph-1"><Pnumber>1</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/1/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/1/1" id="schedule-3-paragraph-1-1"><Pnumber>1</Pnumber><P2para><Text>The following information shall be given where at the end of the financial year the company has subsidiary undertakings.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/1/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/1/2" id="schedule-3-paragraph-1-2"><Pnumber>2</Pnumber><P2para><Text>The name of each subsidiary undertaking shall be stated.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/1/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/1/3" id="schedule-3-paragraph-1-3"><Pnumber>3</Pnumber><P2para><Text>There shall be stated with respect to each subsidiary undertaking—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/1/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/1/3/a" id="schedule-3-paragraph-1-3-a"><Pnumber>a</Pnumber><P3para><Text>if it is incorporated outside Great Britain, the country in which it is incorporated;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/1/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/1/3/b" id="schedule-3-paragraph-1-3-b"><Pnumber>b</Pnumber><P3para><Text>if it is incorporated in Great Britain, whether it is registered in England and Wales or in Scotland;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/1/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/1/3/c" id="schedule-3-paragraph-1-3-c"><Pnumber>c</Pnumber><P3para><Text>if it is unincorporated, the address of its principal place of business.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/1/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/1/4" id="schedule-3-paragraph-1-4"><Pnumber>4</Pnumber><P2para><Text>The reason why the company is not required to prepare group accounts shall be stated.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/1/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/1/5" id="schedule-3-paragraph-1-5"><Pnumber>5</Pnumber><P2para><Text>If the reason is that all the subsidiary undertakings of the company fall within the exclusions provided for in section 229, it shall be stated with respect to each subsidiary undertaking which of those exclusions applies.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/I/crossheading/holdings-in-subsidiary-undertakings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/I/crossheading/holdings-in-subsidiary-undertakings" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-I-crossheading-holdings-in-subsidiary-undertakings" RestrictStartDate="2008-04-06"><Title> Holdings in subsidiary undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/2" id="schedule-3-paragraph-2"><Pnumber>2</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/2/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/2/1" id="schedule-3-paragraph-2-1"><Pnumber>1</Pnumber><P2para><Text>There shall be stated in relation to shares of each class held by the company in a subsidiary undertaking—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/2/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/2/1/a" id="schedule-3-paragraph-2-1-a"><Pnumber>a</Pnumber><P3para><Text>the identity of the class, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/2/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/2/1/b" id="schedule-3-paragraph-2-1-b"><Pnumber>b</Pnumber><P3para><Text>the proportion of the nominal value of the shares of that class represented by those shares.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/2/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/2/2" id="schedule-3-paragraph-2-2"><Pnumber>2</Pnumber><P2para><Text>The shares held by or on behalf of the company itself shall be distinguished from those attributed to the company which are held by or on behalf of a subsidiary undertaking.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/I/crossheading/financial-information-about-subsidiary-undertakings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/I/crossheading/financial-information-about-subsidiary-undertakings" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-I-crossheading-financial-information-about-subsidiary-undertakings" RestrictStartDate="2008-04-06"><Title> Financial information about subsidiary undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/3" id="schedule-3-paragraph-3"><Pnumber>3</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/3/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/3/1" id="schedule-3-paragraph-3-1"><Pnumber>1</Pnumber><P2para><Text>There shall be disclosed with respect to each subsidiary undertaking—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/3/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/3/1/a" id="schedule-3-paragraph-3-1-a"><Pnumber>a</Pnumber><P3para><Text>the aggregate amount of its capital and reserves as at the end of its relevant financial year, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/3/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/3/1/b" id="schedule-3-paragraph-3-1-b"><Pnumber>b</Pnumber><P3para><Text>its profit or loss for that year.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/3/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/3/2" id="schedule-3-paragraph-3-2"><Pnumber>2</Pnumber><P2para><Text>That information need not be given if the company is exempt by virtue of section 228 from the requirement to prepare group accounts (parent company included in accounts of larger group).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/3/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/3/3" id="schedule-3-paragraph-3-3"><Pnumber>3</Pnumber><P2para><Text>That information need not be given if—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/3/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/3/3/a" id="schedule-3-paragraph-3-3-a"><Pnumber>a</Pnumber><P3para><Text>the subsidiary undertaking is not required by any provision of this Act to deliver a copy of its balance sheet for its relevant financial year and does not otherwise publish that balance sheet in Great Britain or elsewhere, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/3/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/3/3/b" id="schedule-3-paragraph-3-3-b"><Pnumber>b</Pnumber><P3para><Text>the company’s holding is less than 50 per cent. of the nominal value of the shares in the undertaking.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/3/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/3/4" id="schedule-3-paragraph-3-4"><Pnumber>4</Pnumber><P2para><Text>Information otherwise required by this paragraph need not be given if it is not material.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/3/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/3/5" id="schedule-3-paragraph-3-5"><Pnumber>5</Pnumber><P2para><Text>For the purposes of this paragraph the “relevant financial year” of a subsidiary undertaking is—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/3/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/3/5/a" id="schedule-3-paragraph-3-5-a"><Pnumber>a</Pnumber><P3para><Text>if its financial year ends with that of the company, that year, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/3/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/3/5/b" id="schedule-3-paragraph-3-5-b"><Pnumber>b</Pnumber><P3para><Text>if not, its financial year ending last before the end of the company’s financial year.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/I/crossheading/financial-years-of-subsidiary-undertakings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/I/crossheading/financial-years-of-subsidiary-undertakings" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-I-crossheading-financial-years-of-subsidiary-undertakings" RestrictStartDate="2008-04-06"><Title> Financial years of subsidiary undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/4" id="schedule-3-paragraph-4"><Pnumber>4</Pnumber><P1para><Text>Where the financial year of one or more subsidiary undertakings did not end with that of the company, there shall be stated in relation to each such undertaking—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/4/a" id="schedule-3-paragraph-4-a"><Pnumber>a</Pnumber><P3para><Text>the reasons why the company’s directors consider that its financial year should not end with that of the company, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/4/b" id="schedule-3-paragraph-4-b"><Pnumber>b</Pnumber><P3para><Text>the date on which its last financial year ended (last before the end of the company’s financial year).</Text></P3para></P3><Text>Instead of the dates required by paragraph (b) being given for each subsidiary undertaking the earliest and latest of those dates may be given.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/I/crossheading/further-information-about-subsidiary-undertakings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/I/crossheading/further-information-about-subsidiary-undertakings" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-I-crossheading-further-information-about-subsidiary-undertakings" RestrictStartDate="2008-04-06"><Title> Further information about subsidiary undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/5" id="schedule-3-paragraph-5"><Pnumber>5</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/5/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/5/1" id="schedule-3-paragraph-5-1"><Pnumber>1</Pnumber><P2para><Text>There shall be disclosed—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/5/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/5/1/a" id="schedule-3-paragraph-5-1-a"><Pnumber>a</Pnumber><P3para><Text>any qualifications contained in the auditors’ reports on the accounts of subsidiary undertakings for financial years ending with or during the financial year of the company, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/5/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/5/1/b" id="schedule-3-paragraph-5-1-b"><Pnumber>b</Pnumber><P3para><Text>any note or saving contained in such accounts to call attention to a matter which, apart from the note or saving, would properly have been referred to in such a qualification,</Text></P3para></P3><Text>in so far as the matter which is the subject of the qualification or note is not covered by the company’s own accounts and is material from the point of view of its members.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/5/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/5/2" id="schedule-3-paragraph-5-2"><Pnumber>2</Pnumber><P2para><Text>The aggregate amount of the total investment of the company in the shares of subsidiary undertakings shall be stated by way of the equity method of valuation, unless—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/5/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/5/2/a" id="schedule-3-paragraph-5-2-a"><Pnumber>a</Pnumber><P3para><Text>the company is exempt from the requirement to prepare group accounts by virtue of section 228 (parent company included in accounts of larger group), and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/5/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/5/2/b" id="schedule-3-paragraph-5-2-b"><Pnumber>b</Pnumber><P3para><Text>the directors state their opinion that the aggregate value of the assets of the company consisting of shares in, or amounts owing (whether on account of a loan or otherwise) from, the company’s subsidiary undertakings is not less than the aggregate of the amounts at which those assets are stated or included in the company’s balance sheet.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/5/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/5/3" id="schedule-3-paragraph-5-3"><Pnumber>3</Pnumber><P2para><Text>In so far as information required by this paragraph is not obtainable, a statement to that effect shall be given instead.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/I/crossheading/shares-and-debentures-of-company-held-by-subsidiary-undertakings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/I/crossheading/shares-and-debentures-of-company-held-by-subsidiary-undertakings" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-I-crossheading-shares-and-debentures-of-company-held-by-subsidiary-undertakings" RestrictStartDate="2008-04-06"><Title> Shares and debentures of company held by subsidiary undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/6" id="schedule-3-paragraph-6"><Pnumber>6</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/6/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/6/1" id="schedule-3-paragraph-6-1"><Pnumber>1</Pnumber><P2para><Text>The number, description and amount of the shares in and debentures of the company held by or on behalf of its subsidiary undertakings shall be disclosed.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/6/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/6/2" id="schedule-3-paragraph-6-2"><Pnumber>2</Pnumber><P2para><Text>Sub-paragraph (1) does not apply in relation to shares or debentures in the case of which the subsidiary undertaking is concerned as personal representative or, subject as follows, as trustee.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/6/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/6/3" id="schedule-3-paragraph-6-3"><Pnumber>3</Pnumber><P2para><Text>The exception for shares or debentures in relation to which the subsidiary undertaking is concerned as trustee does not apply if the company, or any subsidiary undertaking of the company, is beneficially interested under the trust, otherwise than by way of security only for the purposes of a transaction entered into by it in the ordinary course of a business which includes the lending of money.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/6/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/6/4" id="schedule-3-paragraph-6-4"><Pnumber>4</Pnumber><P2para><Text>Schedule 2 to this Act has effect for the interpretation of the reference in sub-paragraph (3) to a beneficial interest under a trust.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/I/crossheading/significant-holdings-in-undertakings-other-than-subsidiary-undertakings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/I/crossheading/significant-holdings-in-undertakings-other-than-subsidiary-undertakings" NumberOfProvisions="3" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-I-crossheading-significant-holdings-in-undertakings-other-than-subsidiary-undertakings" RestrictStartDate="2008-04-06"><Title> Significant holdings in undertakings other than subsidiary undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/7" id="schedule-3-paragraph-7"><Pnumber>7</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/7/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/7/1" id="schedule-3-paragraph-7-1"><Pnumber>1</Pnumber><P2para><Text>The information required by paragraphs 8 and 9 shall be given where at the end of the financial year the company has a significant holding in an undertaking which is not a subsidiary undertaking of the company.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/7/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/7/2" id="schedule-3-paragraph-7-2"><Pnumber>2</Pnumber><P2para><Text>A holding is significant for this purpose if—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/7/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/7/2/a" id="schedule-3-paragraph-7-2-a"><Pnumber>a</Pnumber><P3para><Text>it amounts to 10 per cent. or more of the nominal value of any class of shares in the undertaking, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/7/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/7/2/b" id="schedule-3-paragraph-7-2-b"><Pnumber>b</Pnumber><P3para><Text>the amount of the holding (as stated or included in the company’s accounts) exceeds one-tenth of the amount (as so stated) of the company’s assets.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/8" id="schedule-3-paragraph-8"><Pnumber>8</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/8/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/8/1" id="schedule-3-paragraph-8-1"><Pnumber>1</Pnumber><P2para><Text>The name of the undertaking shall be stated.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/8/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/8/2" id="schedule-3-paragraph-8-2"><Pnumber>2</Pnumber><P2para><Text>There shall be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/8/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/8/2/a" id="schedule-3-paragraph-8-2-a"><Pnumber>a</Pnumber><P3para><Text>if the undertaking is incorporated outside Great Britain, the country in which it is incorporated;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/8/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/8/2/b" id="schedule-3-paragraph-8-2-b"><Pnumber>b</Pnumber><P3para><Text>if it is incorporated in Great Britain, whether it is registered in England and Wales or in Scotland;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/8/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/8/2/c" id="schedule-3-paragraph-8-2-c"><Pnumber>c</Pnumber><P3para><Text>if it is unincorporated, the address of its principal place of business.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/8/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/8/3" id="schedule-3-paragraph-8-3"><Pnumber>3</Pnumber><P2para><Text>There shall also be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/8/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/8/3/a" id="schedule-3-paragraph-8-3-a"><Pnumber>a</Pnumber><P3para><Text>the identity of each class of shares in the undertaking held by the company, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/8/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/8/3/b" id="schedule-3-paragraph-8-3-b"><Pnumber>b</Pnumber><P3para><Text>the proportion of the nominal value of the shares of that class represented by those shares.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/9" id="schedule-3-paragraph-9"><Pnumber>9</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/9/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/9/1" id="schedule-3-paragraph-9-1"><Pnumber>1</Pnumber><P2para><Text>Where the company has a significant holding in an undertaking amounting to 20 per cent. or more of the nominal value of the shares in the undertaking, there shall also be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/9/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/9/1/a" id="schedule-3-paragraph-9-1-a"><Pnumber>a</Pnumber><P3para><Text>the aggregate amount of the capital and reserves of the undertaking as at the end of its relevant financial year, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/9/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/9/1/b" id="schedule-3-paragraph-9-1-b"><Pnumber>b</Pnumber><P3para><Text>its profit or loss for that year.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/9/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/9/2" id="schedule-3-paragraph-9-2"><Pnumber>2</Pnumber><P2para><Text>That information need not be given if—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/9/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/9/2/a" id="schedule-3-paragraph-9-2-a"><Pnumber>a</Pnumber><P3para><Text>the company is exempt by virtue of section 228 from the requirement to prepare group accounts (parent company included in accounts of larger group), and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/9/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/9/2/b" id="schedule-3-paragraph-9-2-b"><Pnumber>b</Pnumber><P3para><Text>the investment of the company in all undertakings in which it has such a holding as is mentioned in sub-paragraph (1) is shown, in aggregate, in the notes to the accounts by way of the equity method of valuation.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/9/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/9/3" id="schedule-3-paragraph-9-3"><Pnumber>3</Pnumber><P2para><Text>That information need not be given in respect of an undertaking if—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/9/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/9/3/a" id="schedule-3-paragraph-9-3-a"><Pnumber>a</Pnumber><P3para><Text>the undertaking is not required by any provision of this Act to deliver a copy of its balance sheet for its relevant financial year and does not otherwise publish that balance sheet in Great Britain or elsewhere, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/9/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/9/3/b" id="schedule-3-paragraph-9-3-b"><Pnumber>b</Pnumber><P3para><Text>the company’s holding is less than 50 per cent. of the nominal value of the shares in the undertaking.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/9/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/9/4" id="schedule-3-paragraph-9-4"><Pnumber>4</Pnumber><P2para><Text>Information otherwise required by this paragraph need not be given if it is not material.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/9/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/9/5" id="schedule-3-paragraph-9-5"><Pnumber>5</Pnumber><P2para><Text>For the purposes of this paragraph the “relevant financial year” of an undertaking is—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/9/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/9/5/a" id="schedule-3-paragraph-9-5-a"><Pnumber>a</Pnumber><P3para><Text>if its financial year ends with that of the company, that year, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/9/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/9/5/b" id="schedule-3-paragraph-9-5-b"><Pnumber>b</Pnumber><P3para><Text>if not, its financial year ending last before the end of the company’s financial year.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/I/crossheading/arrangements-attracting-merger-relief" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/I/crossheading/arrangements-attracting-merger-relief" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-I-crossheading-arrangements-attracting-merger-relief" RestrictStartDate="2008-04-06"><Title> Arrangements attracting merger relief</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/10" id="schedule-3-paragraph-10"><Pnumber>10</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/10/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/10/1" id="schedule-3-paragraph-10-1"><Pnumber>1</Pnumber><P2para><Text>This paragraph applies to arrangements attracting merger relief, that is, where a company allots shares in consideration for the issue, transfer or cancellation of shares in another body corporate (“the other company”) in circumstances such that section 130 of this Act (share premium account) does not, by virtue of section 131(2) (merger relief), apply to the premiums on the shares.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/10/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/10/2" id="schedule-3-paragraph-10-2"><Pnumber>2</Pnumber><P2para><Text>If the company makes such an arrangement during the financial year, the following information shall be given—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/10/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/10/2/a" id="schedule-3-paragraph-10-2-a"><Pnumber>a</Pnumber><P3para><Text>the name of the other company,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/10/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/10/2/b" id="schedule-3-paragraph-10-2-b"><Pnumber>b</Pnumber><P3para><Text>the number, nominal value and class of shares allotted,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/10/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/10/2/c" id="schedule-3-paragraph-10-2-c"><Pnumber>c</Pnumber><P3para><Text>the number, nominal value and class of shares in the other company issued, transferred or cancelled, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/10/2/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/10/2/d" id="schedule-3-paragraph-10-2-d"><Pnumber>d</Pnumber><P3para><Text>particulars of the accounting treatment adopted in the company’s accounts in respect of the issue, transfer or cancellation.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/10/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/10/3" id="schedule-3-paragraph-10-3"><Pnumber>3</Pnumber><P2para><Text>Where the company made such an arrangement during the financial year, or during either of the two preceding financial years, and there is included in the company’s profit and loss account—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/10/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/10/3/a" id="schedule-3-paragraph-10-3-a"><Pnumber>a</Pnumber><P3para><Text>any profit or loss realised during the financial year by the company on the disposal of—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/10/3/a/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/10/3/a/i" id="schedule-3-paragraph-10-3-a-i"><Pnumber>i</Pnumber><P4para><Text>any shares in the other company, or</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/10/3/a/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/10/3/a/ii" id="schedule-3-paragraph-10-3-a-ii"><Pnumber>ii</Pnumber><P4para><Text>any assets which were fixed assets of the other company or any of its subsidiary undertakings at the time of the arrangement, or</Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/10/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/10/3/b" id="schedule-3-paragraph-10-3-b"><Pnumber>b</Pnumber><P3para><Text>any part of any profit or loss realised during the financial year by the company on the disposal of any shares (other than shares in the other company) which was attributable to the fact that there were at the time of the disposal amongst the assets of the company which issued the shares, or any of its subsidiary undertakings, such shares or assets as are described in paragraph (a) above,</Text></P3para></P3><Text>then, the net amount of that profit or loss or, as the case may be, the part so attributable shall be shown, together with an explanation of the transactions to which the information relates.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/10/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/10/4" id="schedule-3-paragraph-10-4"><Pnumber>4</Pnumber><P2para><Text>For the purposes of this paragraph the time of the arrangement shall be taken to be—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/10/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/10/4/a" id="schedule-3-paragraph-10-4-a"><Pnumber>a</Pnumber><P3para><Text>where as a result of the arrangement the other company becomes a subsidiary undertaking of the company, the date on which it does so or, if the arrangement in question becomes binding only on the fulfilment of a condition, the date on which that condition is fulfilled;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/10/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/10/4/b" id="schedule-3-paragraph-10-4-b"><Pnumber>b</Pnumber><P3para><Text>if the other company is already a subsidiary undertaking of the company, the date on which the shares are allotted or, if they are allotted on different days, the first day.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/I/crossheading/parent-undertaking-drawing-up-accounts-for-larger-group" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/I/crossheading/parent-undertaking-drawing-up-accounts-for-larger-group" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-I-crossheading-parent-undertaking-drawing-up-accounts-for-larger-group" RestrictStartDate="2008-04-06"><Title> Parent undertaking drawing up accounts for larger group</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/11" id="schedule-3-paragraph-11"><Pnumber>11</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/11/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/11/1" id="schedule-3-paragraph-11-1"><Pnumber>1</Pnumber><P2para><Text>Where the company is a subsidiary undertaking, the following information shall be given with respect to the parent undertaking of—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/11/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/11/1/a" id="schedule-3-paragraph-11-1-a"><Pnumber>a</Pnumber><P3para><Text>the largest group of undertakings for which group accounts are drawn up and of which the company is a member, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/11/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/11/1/b" id="schedule-3-paragraph-11-1-b"><Pnumber>b</Pnumber><P3para><Text>the smallest such group of undertakings.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/11/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/11/2" id="schedule-3-paragraph-11-2"><Pnumber>2</Pnumber><P2para><Text>The name of the parent undertaking shall be stated.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/11/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/11/3" id="schedule-3-paragraph-11-3"><Pnumber>3</Pnumber><P2para><Text>There shall be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/11/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/11/3/a" id="schedule-3-paragraph-11-3-a"><Pnumber>a</Pnumber><P3para><Text>if the undertaking is incorporated outside Great Britain, the country in which it is incorporated;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/11/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/11/3/b" id="schedule-3-paragraph-11-3-b"><Pnumber>b</Pnumber><P3para><Text>if it is incorporated in Great Britain, whether it is registered in England and Wales or in Scotland;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/11/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/11/3/c" id="schedule-3-paragraph-11-3-c"><Pnumber>c</Pnumber><P3para><Text>if it is unincorporated, the address of its principal place of business.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/11/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/11/4" id="schedule-3-paragraph-11-4"><Pnumber>4</Pnumber><P2para><Text>If copies of the group accounts referred to in sub-paragraph (1) are available to the public, there shall also be stated the addresses from which copies of the accounts can be obtained.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/I/crossheading/identification-of-ultimate-parent-company" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/I/crossheading/identification-of-ultimate-parent-company" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-I-crossheading-identification-of-ultimate-parent-company" RestrictStartDate="2008-04-06"><Title> Identification of ultimate parent company</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/12" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/12" id="schedule-3-paragraph-12"><Pnumber>12</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/12/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/12/1" id="schedule-3-paragraph-12-1"><Pnumber>1</Pnumber><P2para><Text>Where the company is a subsidiary undertaking, the following information shall be given with respect to the company (if any) regarded by the directors as being the company’s ultimate parent company.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/12/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/12/2" id="schedule-3-paragraph-12-2"><Pnumber>2</Pnumber><P2para><Text>The name of that company shall be stated.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/12/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/12/3" id="schedule-3-paragraph-12-3"><Pnumber>3</Pnumber><P2para><Text>If known to the directors, there shall be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/12/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/12/3/a" id="schedule-3-paragraph-12-3-a"><Pnumber>a</Pnumber><P3para><Text>if that company is incorporated outside Great Britain, the country in which it is incorporated;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/12/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/12/3/b" id="schedule-3-paragraph-12-3-b"><Pnumber>b</Pnumber><P3para><Text>if it is incorporated in Great Britain, whether it is registered in England and Wales or in Scotland.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/12/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/12/4" id="schedule-3-paragraph-12-4"><Pnumber>4</Pnumber><P2para><Text>In this paragraph “<Term id="term-company">company</Term>” includes any body corporate.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/I/crossheading/constructions-of-references-to-shares-held-by-company" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/I/crossheading/constructions-of-references-to-shares-held-by-company" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-I-crossheading-constructions-of-references-to-shares-held-by-company" RestrictStartDate="2008-04-06"><Title> Constructions of references to shares held by company</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/13" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/13" id="schedule-3-paragraph-13"><Pnumber>13</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/13/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/13/1" id="schedule-3-paragraph-13-1"><Pnumber>1</Pnumber><P2para><Text>References in this Part of this Schedule to shares held by a company shall be construed as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/13/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/13/2" id="schedule-3-paragraph-13-2"><Pnumber>2</Pnumber><P2para><Text>For the purposes of paragraphs 2 to 5 (information about subsidiary undertakings)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/13/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/13/2/a" id="schedule-3-paragraph-13-2-a"><Pnumber>a</Pnumber><P3para><Text>there shall be attributed to the company any shares held by a subsidiary undertaking, or by a person acting on behalf of the company or a subsidiary undertaking; but</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/13/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/13/2/b" id="schedule-3-paragraph-13-2-b"><Pnumber>b</Pnumber><P3para><Text>there shall be treated as not held by the company any shares held on behalf of a person other than the company or a subsidiary undertaking.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/13/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/13/3" id="schedule-3-paragraph-13-3"><Pnumber>3</Pnumber><P2para><Text>For the purposes of paragraphs 7 to 9 (information about undertakings other than subsidiary undertakings)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/13/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/13/3/a" id="schedule-3-paragraph-13-3-a"><Pnumber>a</Pnumber><P3para><Text>there shall be attributed to the company shares held on its behalf by any person; but</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/13/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/13/3/b" id="schedule-3-paragraph-13-3-b"><Pnumber>b</Pnumber><P3para><Text>there shall be treated as not held by a company shares held on behalf of a person other than the company.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/13/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/13/4" id="schedule-3-paragraph-13-4"><Pnumber>4</Pnumber><P2para><Text>For the purposes of any of those provisions, shares held by way of security shall be treated as held by the person providing the security—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/13/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/13/4/a" id="schedule-3-paragraph-13-4-a"><Pnumber>a</Pnumber><P3para><Text>where apart from the right to exercise them for the purpose of preserving the value of the security, or of realising it, the rights attached to the shares are exercisable only in accordance with his instructions, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/13/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/13/4/b" id="schedule-3-paragraph-13-4-b"><Pnumber>b</Pnumber><P3para><Text>where the shares are held in connection with the granting of loans as part of normal business activities and apart from the right to exercise them for the purpose of preserving the value of the security, or of realising it, the rights attached to the shares are exercisable only in his interests.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/II" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/II" NumberOfProvisions="19" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-II" RestrictStartDate="2008-04-06"><Number>Part II</Number><Title> Companies Required to Prepare Group Accounts</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/II/crossheading/introductory" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/II/crossheading/introductory" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-II-crossheading-introductory" RestrictStartDate="2008-04-06"><Title> Introductory</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/14" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/14" id="schedule-3-paragraph-14"><Pnumber>14</Pnumber><P1para><Text>In this Part of this Schedule “<Term id="term-the-group">the group</Term>” means the group consisting of the parent company and its subsidiary undertakings.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/II/crossheading/subsidiary-undertakings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/II/crossheading/subsidiary-undertakings" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-II-crossheading-subsidiary-undertakings" RestrictStartDate="2008-04-06"><Title> Subsidiary undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/15" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/15" id="schedule-3-paragraph-15"><Pnumber>15</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/15/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/15/1" id="schedule-3-paragraph-15-1"><Pnumber>1</Pnumber><P2para><Text>The following information shall be given with respect to the undertakings which are subsidiary undertakings of the parent company at the end of the financial year.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/15/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/15/2" id="schedule-3-paragraph-15-2"><Pnumber>2</Pnumber><P2para><Text>The name of each undertaking shall be stated.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/15/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/15/3" id="schedule-3-paragraph-15-3"><Pnumber>3</Pnumber><P2para><Text>There shall be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/15/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/15/3/a" id="schedule-3-paragraph-15-3-a"><Pnumber>a</Pnumber><P3para><Text>if the undertaking is incorporated outside Great Britain, the country in which it is incorporated;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/15/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/15/3/b" id="schedule-3-paragraph-15-3-b"><Pnumber>b</Pnumber><P3para><Text>if it is incorporated in Great Britain, whether it is registered in England and Wales or in Scotland;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/15/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/15/3/c" id="schedule-3-paragraph-15-3-c"><Pnumber>c</Pnumber><P3para><Text>if it is unincorporated, the address of its principal place of business.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/15/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/15/4" id="schedule-3-paragraph-15-4"><Pnumber>4</Pnumber><P2para><Text>It shall also be stated whether the subsidiary undertaking is included in the consolidation and, if it is not, the reasons for excluding it from consolidation shall be given.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/15/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/15/5" id="schedule-3-paragraph-15-5"><Pnumber>5</Pnumber><P2para><Text>It shall be stated with respect to each subsidiary undertaking by virtue of which of the conditions specified in section 258(2) or (4) it is a subsidiary undertaking of its immediate parent undertaking.</Text></P2para><P2para><Text>That information need not be given if the relevant condition is that specified in subsection (2)(a) of that section (holding of a majority of the voting rights) and the immediate parent undertaking holds the same proportion of the shares in the undertaking as it holds voting rights.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/II/crossheading/holdings-in-subsidiary-undertakings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/II/crossheading/holdings-in-subsidiary-undertakings" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-II-crossheading-holdings-in-subsidiary-undertakings" RestrictStartDate="2008-04-06"><Title> Holdings in subsidiary undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/16" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/16" id="schedule-3-paragraph-16"><Pnumber>16</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/16/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/16/1" id="schedule-3-paragraph-16-1"><Pnumber>1</Pnumber><P2para><Text>The following information shall be given with respect to the shares of a subsidiary undertaking held—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/16/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/16/1/a" id="schedule-3-paragraph-16-1-a"><Pnumber>a</Pnumber><P3para><Text>by the parent company, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/16/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/16/1/b" id="schedule-3-paragraph-16-1-b"><Pnumber>b</Pnumber><P3para><Text>by the group;</Text></P3para></P3><Text>and the information under paragraphs (a) and (b) shall (if different) be shown separately.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/16/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/16/2" id="schedule-3-paragraph-16-2"><Pnumber>2</Pnumber><P2para><Text>There shall be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/16/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/16/2/a" id="schedule-3-paragraph-16-2-a"><Pnumber>a</Pnumber><P3para><Text>the identity of each class of shares held, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/16/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/16/2/b" id="schedule-3-paragraph-16-2-b"><Pnumber>b</Pnumber><P3para><Text>the proportion of the nominal value of the shares of that class represented by those shares.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/II/crossheading/financial-information-about-subsidiary-undertakings-not-included-in-the-consolidation" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/II/crossheading/financial-information-about-subsidiary-undertakings-not-included-in-the-consolidation" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-II-crossheading-financial-information-about-subsidiary-undertakings-not-included-in-the-consolidation" RestrictStartDate="2008-04-06"><Title> Financial information about subsidiary undertakings not included in the consolidation</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/17" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/17" id="schedule-3-paragraph-17"><Pnumber>17</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/17/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/17/1" id="schedule-3-paragraph-17-1"><Pnumber>1</Pnumber><P2para><Text>There shall be shown with respect to each subsidiary undertaking not included in the consolidation—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/17/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/17/1/a" id="schedule-3-paragraph-17-1-a"><Pnumber>a</Pnumber><P3para><Text>the aggregate amount of its capital and reserves as at the end of its relevant financial year, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/17/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/17/1/b" id="schedule-3-paragraph-17-1-b"><Pnumber>b</Pnumber><P3para><Text>its profit or loss for that year.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/17/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/17/2" id="schedule-3-paragraph-17-2"><Pnumber>2</Pnumber><P2para><Text>That information need not be given if the group’s investment in the undertaking is included in the accounts by way of the equity method of valuation or if—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/17/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/17/2/a" id="schedule-3-paragraph-17-2-a"><Pnumber>a</Pnumber><P3para><Text>the undertaking is not required by any provision of this Act to deliver a copy of its balance sheet for its relevant financial year and does not otherwise publish that balance sheet in Great Britain or elsewhere, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/17/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/17/2/b" id="schedule-3-paragraph-17-2-b"><Pnumber>b</Pnumber><P3para><Text>the holding of the group is less than 50 per cent. of the nominal value of the shares in the undertaking.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/17/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/17/3" id="schedule-3-paragraph-17-3"><Pnumber>3</Pnumber><P2para><Text>Information otherwise required by this paragraph need not be given if it is not material.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/17/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/17/4" id="schedule-3-paragraph-17-4"><Pnumber>4</Pnumber><P2para><Text>For the purposes of this paragraph the “relevant financial year” of a subsidiary undertaking is—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/17/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/17/4/a" id="schedule-3-paragraph-17-4-a"><Pnumber>a</Pnumber><P3para><Text>if its financial year ends with that of the company, that year, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/17/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/17/4/b" id="schedule-3-paragraph-17-4-b"><Pnumber>b</Pnumber><P3para><Text>if not, its financial year ending last before the end of the company’s financial year.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/II/crossheading/further-information-about-subsidiary-undertakings-excluded-from-consolidation" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/II/crossheading/further-information-about-subsidiary-undertakings-excluded-from-consolidation" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-II-crossheading-further-information-about-subsidiary-undertakings-excluded-from-consolidation" RestrictStartDate="2008-04-06"><Title> Further information about subsidiary undertakings excluded from consolidation</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/18" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/18" id="schedule-3-paragraph-18"><Pnumber>18</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/18/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/18/1" id="schedule-3-paragraph-18-1"><Pnumber>1</Pnumber><P2para><Text>The following information shall be given with respect to subsidiary undertakings excluded from consolidation.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/18/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/18/2" id="schedule-3-paragraph-18-2"><Pnumber>2</Pnumber><P2para><Text>There shall be disclosed—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/18/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/18/2/a" id="schedule-3-paragraph-18-2-a"><Pnumber>a</Pnumber><P3para><Text>any qualifications contained in the auditors’ reports on the accounts of the undertaking for financial years ending with or during the financial year of the company, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/18/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/18/2/b" id="schedule-3-paragraph-18-2-b"><Pnumber>b</Pnumber><P3para><Text>any note or saving contained in such accounts to call attention to a matter which, apart from the note or saving, would properly have been referred to in such a qualification,</Text></P3para></P3><Text>in so far as the matter which is the subject of the qualification or note is not covered by the consolidated accounts and is material from the point of view of the members of the parent company.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/18/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/18/3" id="schedule-3-paragraph-18-3"><Pnumber>3</Pnumber><P2para><Text>In so far as information required by this paragraph is not obtainable, a statement to that effect shall be given instead.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/II/crossheading/financial-years-of-subsidiary-undertakings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/II/crossheading/financial-years-of-subsidiary-undertakings" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-II-crossheading-financial-years-of-subsidiary-undertakings" RestrictStartDate="2008-04-06"><Title> Financial years of subsidiary undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/19" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/19" id="schedule-3-paragraph-19"><Pnumber>19</Pnumber><P1para><Text>Where the financial year of one or more subsidiary undertakings did not end with that of the company, there shall be stated in relation to each such undertaking—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/19/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/19/a" id="schedule-3-paragraph-19-a"><Pnumber>a</Pnumber><P3para><Text>the reasons why the company’s directors consider that its financial year should not end with that of the company, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/19/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/19/b" id="schedule-3-paragraph-19-b"><Pnumber>b</Pnumber><P3para><Text>the date on which its last financial year ended (last before the end of the company’s financial year).</Text></P3para></P3><Text>Instead of the dates required by paragraph (b) being given for each subsidiary undertaking the earliest and latest of those dates may be given.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/II/crossheading/shares-and-debentures-of-company-held-by-subsidiary-undertakings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/II/crossheading/shares-and-debentures-of-company-held-by-subsidiary-undertakings" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-II-crossheading-shares-and-debentures-of-company-held-by-subsidiary-undertakings" RestrictStartDate="2008-04-06"><Title> Shares and debentures of company held by subsidiary undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/20" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/20" id="schedule-3-paragraph-20"><Pnumber>20</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/20/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/20/1" id="schedule-3-paragraph-20-1"><Pnumber>1</Pnumber><P2para><Text>The number, description and amount of the shares in and debentures of the company held by or on behalf of its subsidiary undertakings shall be disclosed.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/20/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/20/2" id="schedule-3-paragraph-20-2"><Pnumber>2</Pnumber><P2para><Text>Sub-paragraph (1) does not apply in relation to shares or debentures in the case of which the subsidiary undertaking is concerned as personal representative or, subject as follows, as trustee.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/20/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/20/3" id="schedule-3-paragraph-20-3"><Pnumber>3</Pnumber><P2para><Text>The exception for shares or debentures in relation to which the subsidiary undertaking is concerned as trustee does not apply if the company or any of its subsidiary undertakings is beneficially interested under the trust, otherwise than by way of security only for the purposes of a transaction entered into by it in the ordinary course of a business which includes the lending of money.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/20/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/20/4" id="schedule-3-paragraph-20-4"><Pnumber>4</Pnumber><P2para><Text>Schedule 2 to this Act has effect for the interpretation of the reference in sub-paragraph (3) to a beneficial interest under a trust.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/II/crossheading/joint-ventures" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/II/crossheading/joint-ventures" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-II-crossheading-joint-ventures" RestrictStartDate="2008-04-06"><Title> Joint ventures</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/21" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/21" id="schedule-3-paragraph-21"><Pnumber>21</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/21/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/21/1" id="schedule-3-paragraph-21-1"><Pnumber>1</Pnumber><P2para><Text>The following information shall be given where an undertaking is dealt with in the consolidated accounts by the method of proportional consolidation in accordance with paragraph 19 of Schedule 4A (joint ventures)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/21/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/21/1/a" id="schedule-3-paragraph-21-1-a"><Pnumber>a</Pnumber><P3para><Text>the name of the undertaking;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/21/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/21/1/b" id="schedule-3-paragraph-21-1-b"><Pnumber>b</Pnumber><P3para><Text>the address of the principal place of business of the undertaking;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/21/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/21/1/c" id="schedule-3-paragraph-21-1-c"><Pnumber>c</Pnumber><P3para><Text>the factors on which joint management of the undertaking is based; and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/21/1/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/21/1/d" id="schedule-3-paragraph-21-1-d"><Pnumber>d</Pnumber><P3para><Text>the proportion of the capital of the undertaking held by undertakings included in the consolidation.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/21/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/21/2" id="schedule-3-paragraph-21-2"><Pnumber>2</Pnumber><P2para><Text>Where the financial year of the undertaking did not end with that of the company, there shall be stated the date on which a financial year of the undertaking last ended before that date.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/II/crossheading/associated-undertakings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/II/crossheading/associated-undertakings" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-II-crossheading-associated-undertakings" RestrictStartDate="2008-04-06"><Title> Associated undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/22" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/22" id="schedule-3-paragraph-22"><Pnumber>22</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/22/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/22/1" id="schedule-3-paragraph-22-1"><Pnumber>1</Pnumber><P2para><Text>The following information shall be given where an undertaking included in the consolidation has an interest in an associated undertaking.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/22/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/22/2" id="schedule-3-paragraph-22-2"><Pnumber>2</Pnumber><P2para><Text>The name of the associated undertaking shall be stated.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/22/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/22/3" id="schedule-3-paragraph-22-3"><Pnumber>3</Pnumber><P2para><Text>There shall be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/22/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/22/3/a" id="schedule-3-paragraph-22-3-a"><Pnumber>a</Pnumber><P3para><Text>if the undertaking is incorporated outside Great Britain, the country in which it is incorporated;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/22/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/22/3/b" id="schedule-3-paragraph-22-3-b"><Pnumber>b</Pnumber><P3para><Text>if it is incorporated in Great Britain, whether it is registered in England and Wales or in Scotland;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/22/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/22/3/c" id="schedule-3-paragraph-22-3-c"><Pnumber>c</Pnumber><P3para><Text>if it is unincorporated, the address of its principal place of business.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/22/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/22/4" id="schedule-3-paragraph-22-4"><Pnumber>4</Pnumber><P2para><Text>The following information shall be given with respect to the shares of the undertaking held—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/22/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/22/4/a" id="schedule-3-paragraph-22-4-a"><Pnumber>a</Pnumber><P3para><Text>by the parent company, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/22/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/22/4/b" id="schedule-3-paragraph-22-4-b"><Pnumber>b</Pnumber><P3para><Text>by the group;</Text></P3para></P3><Text>and the information under paragraphs (a) and (b) shall be shown separately.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/22/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/22/5" id="schedule-3-paragraph-22-5"><Pnumber>5</Pnumber><P2para><Text>There shall be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/22/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/22/5/a" id="schedule-3-paragraph-22-5-a"><Pnumber>a</Pnumber><P3para><Text>the identity of each class of shares held, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/22/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/22/5/b" id="schedule-3-paragraph-22-5-b"><Pnumber>b</Pnumber><P3para><Text>the proportion of the nominal value of the shares of that class represented by those shares.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/22/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/22/6" id="schedule-3-paragraph-22-6"><Pnumber>6</Pnumber><P2para><Text>In this paragraph “<Term id="term-associated-undertaking">associated undertaking</Term>” has the meaning given by paragraph 20 of Schedule 4A; and the information required by this paragraph shall be given notwithstanding that paragraph 22(3) of that Schedule (materiality) applies in relation to the accounts themselves.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/II/crossheading/other-significant-holdings-of-parent-company-or-group" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/II/crossheading/other-significant-holdings-of-parent-company-or-group" NumberOfProvisions="6" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-II-crossheading-other-significant-holdings-of-parent-company-or-group" RestrictStartDate="2008-04-06"><Title> Other significant holdings of parent company or group</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/23" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/23" id="schedule-3-paragraph-23"><Pnumber>23</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/23/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/23/1" id="schedule-3-paragraph-23-1"><Pnumber>1</Pnumber><P2para><Text>The information required by paragraphs 24 and 25 shall be given where at the end of the financial year the parent company has a significant holding in an undertaking which is not one of its subsidiary undertakings and does not fall within paragraph 21 (joint ventures) or paragraph 22 (associated undertakings).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/23/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/23/2" id="schedule-3-paragraph-23-2"><Pnumber>2</Pnumber><P2para><Text>A holding is significant for this purpose if—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/23/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/23/2/a" id="schedule-3-paragraph-23-2-a"><Pnumber>a</Pnumber><P3para><Text>it amounts to 10 per cent. or more of the nominal value of any class of shares in the undertaking, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/23/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/23/2/b" id="schedule-3-paragraph-23-2-b"><Pnumber>b</Pnumber><P3para><Text>the amount of the holding (as stated or included in the company’s individual accounts) exceeds one-tenth of the amount of its assets (as so stated).</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/24" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/24" id="schedule-3-paragraph-24"><Pnumber>24</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/24/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/24/1" id="schedule-3-paragraph-24-1"><Pnumber>1</Pnumber><P2para><Text>The name of the undertaking shall be stated.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/24/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/24/2" id="schedule-3-paragraph-24-2"><Pnumber>2</Pnumber><P2para><Text>There shall be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/24/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/24/2/a" id="schedule-3-paragraph-24-2-a"><Pnumber>a</Pnumber><P3para><Text>if the undertaking is incorporated outside Great Britain, the country in which it is incorporated;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/24/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/24/2/b" id="schedule-3-paragraph-24-2-b"><Pnumber>b</Pnumber><P3para><Text>if it is incorporated in Great Britain, whether it is registered in England and Wales or in Scotland;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/24/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/24/2/c" id="schedule-3-paragraph-24-2-c"><Pnumber>c</Pnumber><P3para><Text>if it is unincorporated, the address of its principal place of business.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/24/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/24/3" id="schedule-3-paragraph-24-3"><Pnumber>3</Pnumber><P2para><Text>The following information shall be given with respect to the shares of the undertaking held by the parent company.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/24/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/24/4" id="schedule-3-paragraph-24-4"><Pnumber>4</Pnumber><P2para><Text>There shall be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/24/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/24/4/a" id="schedule-3-paragraph-24-4-a"><Pnumber>a</Pnumber><P3para><Text>the identity of each class of shares held, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/24/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/24/4/b" id="schedule-3-paragraph-24-4-b"><Pnumber>b</Pnumber><P3para><Text>the proportion of the nominal value of the shares of that class represented by those shares.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/25" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/25" id="schedule-3-paragraph-25"><Pnumber>25</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/25/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/25/1" id="schedule-3-paragraph-25-1"><Pnumber>1</Pnumber><P2para><Text>Where the company has a significant holding in an undertaking amounting to 20 per cent. or more of the nominal value of the shares in the undertaking, there shall also be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/25/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/25/1/a" id="schedule-3-paragraph-25-1-a"><Pnumber>a</Pnumber><P3para><Text>the aggregate amount of the capital and reserves of the undertaking as at the end of its relevant financial year, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/25/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/25/1/b" id="schedule-3-paragraph-25-1-b"><Pnumber>b</Pnumber><P3para><Text>its profit or loss for that year.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/25/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/25/2" id="schedule-3-paragraph-25-2"><Pnumber>2</Pnumber><P2para><Text>That information need not be given in respect of an undertaking if—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/25/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/25/2/a" id="schedule-3-paragraph-25-2-a"><Pnumber>a</Pnumber><P3para><Text>the undertaking is not required by any provision of this Act to deliver a copy of its balance sheet for its relevant financial year and does not otherwise publish that balance sheet in Great Britain or elsewhere, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/25/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/25/2/b" id="schedule-3-paragraph-25-2-b"><Pnumber>b</Pnumber><P3para><Text>the company’s holding is less than 50 per cent. of the nominal value of the shares in the undertaking.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/25/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/25/3" id="schedule-3-paragraph-25-3"><Pnumber>3</Pnumber><P2para><Text>Information otherwise required by this paragraph need not be given if it is not material.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/25/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/25/4" id="schedule-3-paragraph-25-4"><Pnumber>4</Pnumber><P2para><Text>For the purposes of this paragraph the “relevant financial year” of an undertaking is—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/25/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/25/4/a" id="schedule-3-paragraph-25-4-a"><Pnumber>a</Pnumber><P3para><Text>if its financial year ends with that of the company, that year, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/25/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/25/4/b" id="schedule-3-paragraph-25-4-b"><Pnumber>b</Pnumber><P3para><Text>if not, its financial year ending last before the end of the company’s financial year.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/26" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/26" id="schedule-3-paragraph-26"><Pnumber>26</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/26/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/26/1" id="schedule-3-paragraph-26-1"><Pnumber>1</Pnumber><P2para><Text>The information required by paragraphs 27 and 28 shall be given where at the end of the financial year the group has a significant holding in an undertaking which is not a subsidiary undertaking of the parent company and does not fall within paragraph 21 (joint ventures) or paragraph 22 (associated undertakings).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/26/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/26/2" id="schedule-3-paragraph-26-2"><Pnumber>2</Pnumber><P2para><Text>A holding is significant for this purpose if—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/26/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/26/2/a" id="schedule-3-paragraph-26-2-a"><Pnumber>a</Pnumber><P3para><Text>it amounts to 10 per cent. or more of the nominal value of any class of shares in the undertaking, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/26/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/26/2/b" id="schedule-3-paragraph-26-2-b"><Pnumber>b</Pnumber><P3para><Text>the amount of the holding (as stated or included in the group accounts) exceeds one-tenth of the amount of the group’s assets (as so stated).</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/27" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/27" id="schedule-3-paragraph-27"><Pnumber>27</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/27/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/27/1" id="schedule-3-paragraph-27-1"><Pnumber>1</Pnumber><P2para><Text>The name of the undertaking shall be stated.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/27/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/27/2" id="schedule-3-paragraph-27-2"><Pnumber>2</Pnumber><P2para><Text>There shall be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/27/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/27/2/a" id="schedule-3-paragraph-27-2-a"><Pnumber>a</Pnumber><P3para><Text>if the undertaking is incorporated outside Great Britain, the country in which it is incorporated;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/27/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/27/2/b" id="schedule-3-paragraph-27-2-b"><Pnumber>b</Pnumber><P3para><Text>if it is incorporated in Great Britain, whether it is registered in England and Wales or in Scotland;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/27/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/27/2/c" id="schedule-3-paragraph-27-2-c"><Pnumber>c</Pnumber><P3para><Text>if it is unincorporated, the address of its principal place of business.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/27/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/27/3" id="schedule-3-paragraph-27-3"><Pnumber>3</Pnumber><P2para><Text>The following information shall be given with respect to the shares of the undertaking held by the group.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/27/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/27/4" id="schedule-3-paragraph-27-4"><Pnumber>4</Pnumber><P2para><Text>There shall be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/27/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/27/4/a" id="schedule-3-paragraph-27-4-a"><Pnumber>a</Pnumber><P3para><Text>the identity of each class of shares held, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/27/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/27/4/b" id="schedule-3-paragraph-27-4-b"><Pnumber>b</Pnumber><P3para><Text>the proportion of the nominal value of the shares of that class represented by those shares.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/28" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/28" id="schedule-3-paragraph-28"><Pnumber>28</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/28/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/28/1" id="schedule-3-paragraph-28-1"><Pnumber>1</Pnumber><P2para><Text>Where the holding of the group amounts to 20 per cent. or more of the nominal value of the shares in the undertaking, there shall also be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/28/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/28/1/a" id="schedule-3-paragraph-28-1-a"><Pnumber>a</Pnumber><P3para><Text>the aggregate amount of the capital and reserves of the undertaking as at the end of its relevant financial year, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/28/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/28/1/b" id="schedule-3-paragraph-28-1-b"><Pnumber>b</Pnumber><P3para><Text>its profit or loss for that year.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/28/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/28/2" id="schedule-3-paragraph-28-2"><Pnumber>2</Pnumber><P2para><Text>That information need not be given if—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/28/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/28/2/a" id="schedule-3-paragraph-28-2-a"><Pnumber>a</Pnumber><P3para><Text>the undertaking is not required by any provision of this Act to deliver a copy of its balance sheet for its relevant financial year and does not otherwise publish that balance sheet in Great Britain or elsewhere, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/28/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/28/2/b" id="schedule-3-paragraph-28-2-b"><Pnumber>b</Pnumber><P3para><Text>the holding of the group is less than 50 per cent. of the nominal value of the shares in the undertaking.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/28/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/28/3" id="schedule-3-paragraph-28-3"><Pnumber>3</Pnumber><P2para><Text>Information otherwise required by this paragraph need not be given if it is not material.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/28/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/28/4" id="schedule-3-paragraph-28-4"><Pnumber>4</Pnumber><P2para><Text>For the purposes of this paragraph the “relevant financial year” of an outside undertaking is—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/28/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/28/4/a" id="schedule-3-paragraph-28-4-a"><Pnumber>a</Pnumber><P3para><Text>if its financial year ends with that of the parent company, that year, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/28/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/28/4/b" id="schedule-3-paragraph-28-4-b"><Pnumber>b</Pnumber><P3para><Text>if not, its financial year ending last before the end of the parent company’s financial year.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/II/crossheading/arrangements-attracting-merger-relief" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/II/crossheading/arrangements-attracting-merger-relief" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-II-crossheading-arrangements-attracting-merger-relief" RestrictStartDate="2008-04-06"><Title> Arrangements attracting merger relief</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/29" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/29" id="schedule-3-paragraph-29"><Pnumber>29</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/29/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/29/1" id="schedule-3-paragraph-29-1"><Pnumber>1</Pnumber><P2para><Text>This paragraph applies to arrangements attracting merger relief, that is, where a company allots shares in consideration for the issue, transfer or cancellation of shares in another body corporate (“the other company”) in circumstances such that section 130 of this Act (share premium account) does not, by virtue of section 131(2) (merger relief), apply to the premiums on the shares.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/29/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/29/2" id="schedule-3-paragraph-29-2"><Pnumber>2</Pnumber><P2para><Text>If the parent company made such an arrangement during the financial year, the following information shall be given—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/29/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/29/2/a" id="schedule-3-paragraph-29-2-a"><Pnumber>a</Pnumber><P3para><Text>the name of the other company,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/29/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/29/2/b" id="schedule-3-paragraph-29-2-b"><Pnumber>b</Pnumber><P3para><Text>the number, nominal value and class of shares allotted,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/29/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/29/2/c" id="schedule-3-paragraph-29-2-c"><Pnumber>c</Pnumber><P3para><Text>the number, nominal value and class of shares in the other company issued, transferred or cancelled, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/29/2/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/29/2/d" id="schedule-3-paragraph-29-2-d"><Pnumber>d</Pnumber><P3para><Text>particulars of the accounting treatment adopted in the parent company’s individual and group accounts in respect of the issue, transfer or cancellation, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/29/2/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/29/2/e" id="schedule-3-paragraph-29-2-e"><Pnumber>e</Pnumber><P3para><Text>particulars of the extent to which and manner in which the profit or loss for the financial year shown in the group accounts is affected by any profit or loss of the other company, or any of its subsidiary undertakings, which arose before the time of the arrangement.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/29/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/29/3" id="schedule-3-paragraph-29-3"><Pnumber>3</Pnumber><P2para><Text>Where the parent company made such an arrangement during the financial year, or during either of the two preceding financial years, and there is included in the consolidated profit and loss account—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/29/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/29/3/a" id="schedule-3-paragraph-29-3-a"><Pnumber>a</Pnumber><P3para><Text>any profit or loss realised during the financial year on the disposal of—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/29/3/a/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/29/3/a/i" id="schedule-3-paragraph-29-3-a-i"><Pnumber>i</Pnumber><P4para><Text>any shares in the other company, or</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/29/3/a/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/29/3/a/ii" id="schedule-3-paragraph-29-3-a-ii"><Pnumber>ii</Pnumber><P4para><Text>any assets which were fixed assets of the other company or any of its subsidiary undertakings at the time of the arrangement, or</Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/29/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/29/3/b" id="schedule-3-paragraph-29-3-b"><Pnumber>b</Pnumber><P3para><Text>any part of any profit or loss realised during the financial year on the disposal of any shares (other than shares in the other company) which was attributable to the fact that there were at the time of the disposal amongst the assets of the company which issued the shares, or any of its subsidiary undertakings, such shares or assets as are described in paragraph (a) above,</Text></P3para></P3><Text>then, the net amount of that profit or loss or, as the case may be, the part so attributable shall be shown, together with an explanation of the transactions to which the information relates.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/29/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/29/4" id="schedule-3-paragraph-29-4"><Pnumber>4</Pnumber><P2para><Text>For the purposes of this paragraph the time of the arrangement shall be taken to be—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/29/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/29/4/a" id="schedule-3-paragraph-29-4-a"><Pnumber>a</Pnumber><P3para><Text>where as a result of the arrangement the other company becomes a subsidiary undertaking of the company in question, the date on which it does so or, if the arrangement in question becomes binding only on the fulfilment of a condition, the date on which that condition is fulfilled;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/29/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/29/4/b" id="schedule-3-paragraph-29-4-b"><Pnumber>b</Pnumber><P3para><Text>if the other company is already a subsidiary undertaking of that company, the date on which the shares are allotted or, if they are allotted on different days, the first day.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/II/crossheading/parent-undertaking-drawing-up-accounts-for-larger-group" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/II/crossheading/parent-undertaking-drawing-up-accounts-for-larger-group" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-II-crossheading-parent-undertaking-drawing-up-accounts-for-larger-group" RestrictStartDate="2008-04-06"><Title> Parent undertaking drawing up accounts for larger group</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/30" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/30" id="schedule-3-paragraph-30"><Pnumber>30</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/30/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/30/1" id="schedule-3-paragraph-30-1"><Pnumber>1</Pnumber><P2para><Text>Where the parent company is itself a subsidiary undertaking, the following information shall be given with respect to that parent undertaking of the company which heads—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/30/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/30/1/a" id="schedule-3-paragraph-30-1-a"><Pnumber>a</Pnumber><P3para><Text>the largest group of undertakings for which group accounts are drawn up and of which that company is a member, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/30/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/30/1/b" id="schedule-3-paragraph-30-1-b"><Pnumber>b</Pnumber><P3para><Text>the smallest such group of undertakings.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/30/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/30/2" id="schedule-3-paragraph-30-2"><Pnumber>2</Pnumber><P2para><Text>The name of the parent undertaking shall be stated.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/30/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/30/3" id="schedule-3-paragraph-30-3"><Pnumber>3</Pnumber><P2para><Text>There shall be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/30/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/30/3/a" id="schedule-3-paragraph-30-3-a"><Pnumber>a</Pnumber><P3para><Text>if the undertaking is incorporated outside Great Britain, the country in which it is incorporated;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/30/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/30/3/b" id="schedule-3-paragraph-30-3-b"><Pnumber>b</Pnumber><P3para><Text>if it is incorporated in Great Britain, whether it is registered in England and Wales or in Scotland;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/30/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/30/3/c" id="schedule-3-paragraph-30-3-c"><Pnumber>c</Pnumber><P3para><Text>if it is unincorporated, the address of its principal place of business.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/30/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/30/4" id="schedule-3-paragraph-30-4"><Pnumber>4</Pnumber><P2para><Text>If copies of the group accounts referred to in sub-paragraph (1) are available to the public, there shall also be stated the addresses from which copies of the accounts can be obtained.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/II/crossheading/identification-of-ultimate-parent-company" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/II/crossheading/identification-of-ultimate-parent-company" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-II-crossheading-identification-of-ultimate-parent-company" RestrictStartDate="2008-04-06"><Title> Identification of ultimate parent company</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/31" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/31" id="schedule-3-paragraph-31"><Pnumber>31</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/31/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/31/1" id="schedule-3-paragraph-31-1"><Pnumber>1</Pnumber><P2para><Text>Where the parent company is itself a subsidiary undertaking, the following information shall be given with respect to the company (if any) regarded by the directors as being that company’s ultimate parent company.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/31/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/31/2" id="schedule-3-paragraph-31-2"><Pnumber>2</Pnumber><P2para><Text>The name of that company shall be stated.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/31/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/31/3" id="schedule-3-paragraph-31-3"><Pnumber>3</Pnumber><P2para><Text>If known to the directors, there shall be stated—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/31/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/31/3/a" id="schedule-3-paragraph-31-3-a"><Pnumber>a</Pnumber><P3para><Text>if that company is incorporated outside Great Britain, the country in which it is incorporated;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/31/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/31/3/b" id="schedule-3-paragraph-31-3-b"><Pnumber>b</Pnumber><P3para><Text>if it is incorporated in Great Britain, whether it is registered in England and Wales or in Scotland.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/31/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/31/4" id="schedule-3-paragraph-31-4"><Pnumber>4</Pnumber><P2para><Text>In this paragraph “<Term id="term-company">company</Term>” includes any body corporate.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/part/II/crossheading/construction-of-references-to-shares-held-by-parent-company-or-group" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/part/II/crossheading/construction-of-references-to-shares-held-by-parent-company-or-group" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-3-part-II-crossheading-construction-of-references-to-shares-held-by-parent-company-or-group" RestrictStartDate="2008-04-06"><Title> Construction of references to shares held by parent company or group</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/32" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/32" id="schedule-3-paragraph-32"><Pnumber>32</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/32/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/32/1" id="schedule-3-paragraph-32-1"><Pnumber>1</Pnumber><P2para><Text>References in this Part of this Schedule to shares held by the parent company or the group shall be construed as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/32/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/32/2" id="schedule-3-paragraph-32-2"><Pnumber>2</Pnumber><P2para><Text>For the purposes of paragraphs 16, 22(4) and (5) and 23 to 25 (information about holdings in subsidiary and other undertakings)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/32/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/32/2/a" id="schedule-3-paragraph-32-2-a"><Pnumber>a</Pnumber><P3para><Text>there shall be attributed to the parent company shares held on its behalf by any person; but</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/32/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/32/2/b" id="schedule-3-paragraph-32-2-b"><Pnumber>b</Pnumber><P3para><Text>there shall be treated as not held by the parent company shares held on behalf of a person other than the company.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/32/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/32/3" id="schedule-3-paragraph-32-3"><Pnumber>3</Pnumber><P2para><Text>References to shares held by the group are to any shares held by or on behalf of the parent company or any of its subsidiary undertakings; but there shall be treated as not held by the group any shares held on behalf of a person other than the parent company or any of its subsidiary undertakings.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/32/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/32/4" id="schedule-3-paragraph-32-4"><Pnumber>4</Pnumber><P2para><Text>Shares held by way of security shall be treated as held by the person providing the security—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/32/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/32/4/a" id="schedule-3-paragraph-32-4-a"><Pnumber>a</Pnumber><P3para><Text>where apart from the right to exercise them for the purpose of preserving the value of the security, or of realising it, the rights attached to the shares are exercisable only in accordance with his instructions, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/3/paragraph/32/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/3/paragraph/32/4/b" id="schedule-3-paragraph-32-4-b"><Pnumber>b</Pnumber><P3para><Text>where the shares are held in connection with the granting of loans as part of normal business activities and apart from the right to exercise them for the purpose of preserving the value of the security, or of realising it, the rights attached to the shares are exercisable only in his interests.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock></Part></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/4" NumberOfProvisions="21" id="schedule-4" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Number><CommentaryRef Ref="c18770681"/><CommentaryRef Ref="c18770681"/>SCHEDULE 4</Number><ScheduleBody><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/4/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/4/paragraph/1" id="schedule-4-paragraph-1"><Pnumber>1</Pnumber><P1para><Text>Schedule 6 to the Companies Act 1985 is amended as follows.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/4/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/4/paragraph/2" id="schedule-4-paragraph-2"><Pnumber>2</Pnumber><P1para><Text>For the heading substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><FragmentTitle Context="Part"><Title> Disclosure of information: emoluments and other benefits of directors and others</Title></FragmentTitle></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/4/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/4/paragraph/3" id="schedule-4-paragraph-3"><Pnumber>3</Pnumber><P1para><Text>Insert the following provisions (which reproduce, with amendments, the former Part V of Schedule 5 to that Act) as Part I—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="schedule" Format="default"><Part><Number>Part I</Number><Title> Chairman’s and Directors’ Emoluments, Pensions and Compensation for Loss of Office</Title><P1group><Title> Aggregate amount of directors’ emoluments</Title><P1><Pnumber>1</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>The aggregate amount of directors’ emoluments shall be shown.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>This means the emoluments paid to or receivable by any person in respect of—</Text><P3><Pnumber>a</Pnumber><P3para><Text>his services as a director of the company, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>his services while director of the company—</Text><P4><Pnumber>i</Pnumber><P4para><Text>as director of any of its subsidiary undertakings, or</Text></P4para></P4><P4><Pnumber>ii</Pnumber><P4para><Text>otherwise in connection with the management of the affairs of the company or any of its subsidiary undertakings.</Text></P4para></P4></P3para></P3></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>There shall also be shown, separately, the aggregate amount within sub-paragraph (2)(a) and (b)(i) and the aggregate amount withinsub-paragraph (2)(b)(ii).</Text></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>For the purposes of this paragraph the “emoluments” of a person include—</Text><P3><Pnumber>a</Pnumber><P3para><Text>fees and percentages,</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>sums paid by way of expenses allowance (so far as those sums are chargeable to United Kingdom income tax),</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>contributions paid in respect of him under any pension scheme, and</Text></P3para></P3><P3><Pnumber>d</Pnumber><P3para><Text>the estimated money value of any other benefits received by him otherwise than in cash,</Text></P3para></P3><Text>and emoluments in respect of a person’s accepting office as director shall be treated as emoluments in respect of his services as director.</Text></P2para></P2></P1para></P1></P1group><P1group><Title> Details of chairman’s and directors’ emoluments</Title><P1><Pnumber>2</Pnumber><P1para><Text>Where the company is a parent company or a subsidiary undertaking, or where the amount shown in compliance with paragraph 1(1) is £60,000 or more, the information required by paragraphs 3 to 6 shall be given with respect to the emoluments of the chairman and directors, and emoluments waived.</Text></P1para></P1><P1><Pnumber>3</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>The emoluments of the chairman shall be shown.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>The “<Term>chairman</Term>” means the person elected by the directors to be chairman of their meetings, and includes a person who, though not so elected, holds an office (however designated) which in accordance with the company’s constitution carries with it functions substantially similar to those discharged by a person so elected.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>Where there has been more than one chairman during the year, the emoluments of each shall be stated so far as attributable to the period during which he was chairman.</Text></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>The emoluments of a person need not be shown if his duties as chairman were wholly or mainly discharged outside the United Kingdom.</Text></P2para></P2></P1para></P1><P1><Pnumber>4</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>The following information shall be given with respect to the emoluments of directors.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>There shall be shown the number of directors whose emoluments fell within each of the following bands—</Text><UnorderedList Decoration="none"><ListItem><Para><Text>not more than £5,000,</Text></Para></ListItem><ListItem><Para><Text>more than £5,000 but not more than £10,000,</Text></Para></ListItem><ListItem><Para><Text>more than £10,000 but not more than £15,000,</Text></Para></ListItem><ListItem><Para><Text>and so on.</Text></Para></ListItem></UnorderedList></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>If the emoluments of any of the directors exceeded that of the chairman, there shall be shown the greatest amount of emoluments of any director.</Text></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>Where more than one person has been chairman during the year, the reference in sub-paragraph (3) to the emoluments of the chairman is to the aggregate of the emoluments of each person who has been chairman, so far as attributable to the period during which he was chairman.</Text></P2para></P2><P2><Pnumber>5</Pnumber><P2para><Text>The information required by sub-paragraph (2) need not be given in respect of a director who discharged his duties as such wholly or mainly outside the United Kingdom; and any such director shall be left out of account for the purposes of sub-paragraph (3).</Text></P2para></P2></P1para></P1><P1><Pnumber>5</Pnumber><P1para><Text>In paragraphs 3 and 4 “<Term>emoluments</Term>” has the same meaning as in paragraph 1, except that it does not include contributions paid in respect of a person under a pension scheme.</Text></P1para></P1></P1group><P1group><Title> Emoluments waived</Title><P1><Pnumber>6</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>There shall be shown—</Text><P3><Pnumber>a</Pnumber><P3para><Text>the number of directors who have waived rights to receive emoluments which, but for the waiver, would have fallen to be included in the amount shown under paragraph 1(1), and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>the aggregate amount of those emoluments.</Text></P3para></P3></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>For the purposes of this paragraph it shall be assumed that a sum not receivable in respect of a period would have been paid at the time at which it was due, and if such a sum was payable only on demand, it shall be deemed to have been due at the time of the waiver.</Text></P2para></P2></P1para></P1></P1group><P1group><Title> Pensions of directors and past directors</Title><P1><Pnumber>7</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>There shall be shown the aggregate amount of directors’ or past directors’ pensions.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>This amount does not include any pension paid or receivable under a pension scheme if the scheme is such that the contributions under it are substantially adequate for the maintenance of the scheme; but, subject to this, it includes any pension paid or receivable in respect of any such services of a director or past director as are mentioned in paragraph 1(2), whether to or by him or, on his nomination or by virtue of dependence on or other connection with him, to or by any other person.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>The amount shown shall distinguish between pensions in respect of services as director, whether of the company or any of its subsidiary undertakings, and other pensions.</Text></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>References to pensions include benefits otherwise than in cash and in relation to so much of a pension as consists of such a benefit references to its amount are to the estimated money value of the benefit.</Text></P2para><P2para><Text>The nature of any such benefit shall also be disclosed.</Text></P2para></P2></P1para></P1></P1group><P1group><Title> Compensation to directors for loss of office</Title><P1><Pnumber>8</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>There shall be shown the aggregate amount of any compensation to directors or past directors in respect of loss of office.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>This amount includes compensation received or receivable by a director or past director for—</Text><P3><Pnumber>a</Pnumber><P3para><Text>loss of office as director of the company, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>loss, while director of the company or on or in connection with his ceasing to be a director of it, of—</Text><P4><Pnumber>i</Pnumber><P4para><Text>any other office in connection with the management of the company’s affairs, or</Text></P4para></P4><P4><Pnumber>ii</Pnumber><P4para><Text>any office as director or otherwise in connection with the management of the affairs of any subsidiary undertaking of the company;</Text></P4para></P4><Text>and shall distinguish between compensation in respect of the office of director, whether of the company or any of its subsidiary undertakings, and compensation in respect of other offices.</Text></P3para></P3></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>References to compensation include benefits otherwise than in cash; and in relation to such compensation references to its amount are to the estimated money value of the benefit.</Text></P2para><P2para><Text>The nature of any such compensation shall be disclosed.</Text></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>References to compensation for loss of office include compensation in consideration for, or in connection with, a person’s retirement from office.</Text></P2para></P2></P1para></P1></P1group><P1group><Title> Sums paid to third parties in respect of directors’ services</Title><P1><Pnumber>9</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>There shall be shown the aggregate amount of any consideration paid to or receivable by third parties for making available the services of any person—</Text><P3><Pnumber>a</Pnumber><P3para><Text>as a director of the company, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>while director of the company—</Text><P4><Pnumber>i</Pnumber><P4para><Text>as director of any of its subsidiary undertakings, or</Text></P4para></P4><P4><Pnumber>ii</Pnumber><P4para><Text>otherwise in connection with the management of the affairs of the company or any of its subsidiary undertakings.</Text></P4para></P4></P3para></P3></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>The reference to consideration includes benefits otherwise than in cash; and in relation to such consideration the reference to its amount is to the estimated money value of the benefit.</Text></P2para><P2para><Text>The nature of any such consideration shall be disclosed.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>The reference to third parties is to persons other than—</Text><P3><Pnumber>a</Pnumber><P3para><Text>the director himself or a person connected with him or body corporate controlled by him, and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>the company or any of its subsidiary undertakings.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group><Title> Supplementary</Title><P1><Pnumber>10</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>The following applies with respect to the amounts to be shown under paragraphs 1, 7, 8 and 9.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>The amount in each case includes all relevant sums paid by or receivable from—</Text><P3><Pnumber>a</Pnumber><P3para><Text>the company; and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>the company’s subsidiary undertakings; and</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>any other person,</Text></P3para></P3><Text>except sums to be accounted for to the company or any of its subsidiary undertakings or, by virtue of sections 314 and 315 of this Act (duty of directors to make disclosure on company takeover; consequence of non-compliance), to past or present members of the company or any of its subsidiaries or any class of those members.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>The amount to be shown under paragraph 8 shall distinguish between the sums respectively paid by or receivable from the company, the company’s subsidiary undertakings and persons other than the company and its subsidiary undertakings.</Text></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>References to amounts paid to or receivable by a person include amounts pad to or receivable by a person connected with him or a body corporate controlled by him (but not so as to require an amount to be counted twice).</Text></P2para></P2></P1para></P1><P1><Pnumber>11</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>The amounts to be shown for any financial year under paragraphs 1, 7, 8 and 9 are the sums receivable in respect of that year (whenever paid) or, in the case of sums not receivable in respect of a period, the sums paid during that year.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>But where—</Text><P3><Pnumber>a</Pnumber><P3para><Text>any sums are not shown in a note to the accounts for the relevant financial year on the ground that the person receiving them is liable to account for them as mentioned in paragraph 10(2), but the liability is thereafter wholly or partly released or is not enforced within a period of 2 years; or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>any sums paid by way of expenses allowance are charged to United Kingdom income tax after the end of the relevant financial year,</Text></P3para></P3><Text>those sums shall, to the extent to which the liability is released or not enforced or they are charged as mentioned above (as the case may be), be shown in a note to the first accounts in which it is practicable to show them and shall be distinguished from the amounts to be shown apart from this provision.</Text></P2para></P2></P1para></P1><P1><Pnumber>12</Pnumber><P1para><Text>Where it is necessary to do so for the purpose of making any distinction required by the preceding paragraphs in an amount to be shown in compliance with this Part of this Schedule, the directors may apportion any payments between the matters in respect of which these have been paid or are receivable in such manner as they think appropriate.</Text></P1para></P1></P1group><P1group><Title> Interpretation</Title><P1><Pnumber>13</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>The following applies for the interpretation of this Part of this Schedule.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>A reference to a subsidiary undertaking of the company—</Text><P3><Pnumber>a</Pnumber><P3para><Text>in relation to a person who is or was, while a director of the company, a director also, by virtue of the company’s nomination (direct or indirect) of any other undertaking, includes (subject to the following sub-paragraph) that undertaking, whether or not it is or was in fact a subsidiary undertaking of the company, and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>for the purposes of paragraphs 1 to 7 (including any provision of this Part of this Schedule referring to paragraph 1) is to an undertaking which is a subsidiary undertaking at the time the services were rendered, and for the purposes of paragraph 8 to a subsidiary undertaking immediately before the loss of office as director.</Text></P3para></P3></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>The following definitions apply—</Text><P3><Pnumber>a</Pnumber><P3para><Text>“<Term>pension</Term>” includes any superannuation allowance, superannuation gratuity or similar payment,</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>“<Term>pension scheme</Term>” means a scheme for the provision of pensions in respect of services as director or otherwise which is maintained in whole or in part by means of contributions, and</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>“<Term>contribution</Term>”, in relation to a pension scheme, means any payment (including an insurance premium) paid for the purposes of the scheme by or in respect of persons rendering services in respect of which pensions will or may become payable under the scheme except that it does not include any payment in respect of two or more persons if the amount paid in respect of each of them is not ascertainable.</Text></P3para></P3></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>References in this Part of this Schedule to a person being “connected” with a director, and to a director “controlling” a body corporate, shall be construed in accordance with section 346.</Text></P2para></P2></P1para></P1></P1group><P1group><Title> Supplementary</Title><P1><Pnumber>14</Pnumber><P1para><Text>This Part of this Schedule requires information to be given only so far as it is contained in the company’s books and papers or the company has the right to obtain it from the persons concerned.</Text></P1para></P1></P1group></Part></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" ConfersPower="true" Match="false" RestrictStartDate="2004-07-22"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/4/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/4/paragraph/4" id="schedule-4-paragraph-4"><Pnumber>4</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/4/paragraph/4/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/4/paragraph/4/1" id="schedule-4-paragraph-4-1"><Pnumber>1</Pnumber><P2para><Text>For the heading to the present Part I substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><Part><Number>Part II</Number><Title> Loans, Quasi-loans and Other Dealings in Favour of Directors</Title><P><Text/></P></Part></BlockAmendment></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/4/paragraph/4/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/4/paragraph/4/2" id="schedule-4-paragraph-4-2"><Pnumber>2</Pnumber><P2para><Text>Paragraphs 1 to 3 and 5 to 14 of that Part shall be renumbered 15 to 27, and internal cross-references in that Part shall be renumbered accordingly.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/4/paragraph/4/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/4/paragraph/4/3" id="schedule-4-paragraph-4-3"><Pnumber>3</Pnumber><P2para><Text><CommentaryRef Ref="c18757621"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/4/paragraph/4/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/4/paragraph/4/4" id="schedule-4-paragraph-4-4"><Pnumber>4</Pnumber><P2para><Text>In paragraph 1 (renumbered 15) for  “Group accounts” substitute <InlineAmendment>“
              The group accounts of a holding company, or if it is not required to prepare group accounts its individual accounts,
            ”</InlineAmendment>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/4/paragraph/4/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/4/paragraph/4/5" id="schedule-4-paragraph-4-5"><Pnumber>5</Pnumber><P2para><Text>For the heading before paragraph 11 (renumbered 24) substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><FragmentTitle Context="Pblock"><Title> Excluded transactions</Title></FragmentTitle></BlockAmendment></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/4/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/4/paragraph/5" id="schedule-4-paragraph-5"><Pnumber>5</Pnumber><P1para><Text>In paragraph 14 (renumbered 27), make the existing provision sub-paragraph (1) and after it insert—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P2><Pnumber>2</Pnumber><P2para><Text>In this Part of this Schedule “<Term>director</Term>” includes a shadow director.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" ConfersPower="true" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/4/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/4/paragraph/6" id="schedule-4-paragraph-6"><Pnumber>6</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/4/paragraph/6/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/4/paragraph/6/1" id="schedule-4-paragraph-6-1"><Pnumber>1</Pnumber><P2para><Text>For the heading to the present Part II substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><Part><Number>Part III</Number><Title> Other Transactions, Arrangements and Agreements</Title><P><Text/></P></Part></BlockAmendment></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/4/paragraph/6/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/4/paragraph/6/2" id="schedule-4-paragraph-6-2"><Pnumber>2</Pnumber><P2para><Text>Paragraphs 15 to 17 of that Part shall be renumbered 28 to 30, and internal cross-references in that Part shall be renumbered accordingly.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/4/paragraph/6/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/4/paragraph/6/3" id="schedule-4-paragraph-6-3"><Pnumber>3</Pnumber><P2para><Text>In paragraph 16 (renumbered 29), for  “made as mentioned in section 233(1)” substitute <InlineAmendment>“
              made by the company or a subsidiary of it for persons who at any time during the financial year were officers of the company (but not directors or shadow directors)
            ”</InlineAmendment>.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2004-07-22"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/4/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/4/paragraph/7" id="schedule-4-paragraph-7"><Pnumber>7</Pnumber><P1para><Text><CommentaryRef Ref="c18756441"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/5" NumberOfProvisions="6" id="schedule-5" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Number><CommentaryRef Ref="c18770691"/><CommentaryRef Ref="c18770691"/>SCHEDULE 5</Number><ScheduleBody><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/5/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/5/paragraph/1" id="schedule-5-paragraph-1"><Pnumber>1</Pnumber><P1para><Text>Schedule 7 to the <CommentaryRef Ref="c13697861"/>Companies Act 1985 (matters to be included in directors’ report) is amended as follows.</Text></P1para></P1></P1group><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/5/crossheading/subsidiary-undertakings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/5/crossheading/subsidiary-undertakings" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-5-crossheading-subsidiary-undertakings" RestrictStartDate="2008-04-06"><Title> Subsidiary undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2004-07-22"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/5/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/5/paragraph/2" id="schedule-5-paragraph-2"><Pnumber>2</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/5/paragraph/2/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/5/paragraph/2/1" id="schedule-5-paragraph-2-1"><Pnumber>1</Pnumber><P2para><Text><CommentaryRef Ref="c18757631"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/5/paragraph/2/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/5/paragraph/2/2" id="schedule-5-paragraph-2-2"><Pnumber>2</Pnumber><P2para><Text>In paragraph 6 (general information), for  

						“subsidiaries” in each place where it occurs (three times) substitute <InlineAmendment>“
              subsidiary undertakings
            ”</InlineAmendment>.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/5/crossheading/directors-interests" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/5/crossheading/directors-interests" NumberOfProvisions="4" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-5-crossheading-directors-interests" RestrictStartDate="2008-04-06"><Title> Directors’ interests</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/5/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/5/paragraph/3" id="schedule-5-paragraph-3"><Pnumber>3</Pnumber><P1para><Text>For paragraph 2 (directors’ interests) substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group Layout="below"><Title/><P1><Pnumber>2</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>The information required by paragraphs 2A and 2B shall be given in the directors’ report, or by way of notes to the company’s annual accounts, with respect to each person who at the end of the financial year was a director of the company.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>In those paragraphs—</Text><P3><Pnumber>a</Pnumber><P3para><Text>“<Term>the register</Term>” means the register of directors’ interests kept by the company under section 325; and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>references to a body corporate being in the same group as the company are to its being a subsidiary or holding company, or another subsidiary of a holding company, of the company.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group Layout="below"><Title/><P1><Pnumber>2A</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>It shall be stated with respect to each director whether, according to the register, he was at the end of the financial year interested in shares in or debentures of the company or any other body corporate in the same group.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>If he was so interested, there shall be stated the number of shares in and amount of debentures of each body (specifying it) in which, according to the register, he was then interested.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>If a director was interested at the end of the financial year in shares in or debentures of the company or any other body corporate in the same group—</Text><P3><Pnumber>a</Pnumber><P3para><Text>it shall also be stated whether, according to the register, he was at the beginning of the financial year (or, if he was not then a director, when he became one) interested in shares in or debentures of the company or any other body corporate in the same group, and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>if he was so interested, there shall be stated the number of shares in and amount of debentures of each body (specifying it) in which, according to the register, he was then interested.</Text></P3para></P3></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>In this paragraph references to an interest in shares or debentures have the same meaning as in section 324; and references to the interest of a director include any interest falling to be treated as his for the purposes of that section.</Text></P2para></P2><P2><Pnumber>5</Pnumber><P2para><Text>The reference above to the time when a person became a director is, in the case of a person who became a director on more than one occasion, to the time when he first became a director.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below"><Title/><P1><Pnumber>2B</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>It shall be stated with respect to each director whether, according to the register, any right to subscribe for shares in or debentures of the company or another body corporate in the same group was during the financial year granted to, or exercised by, the director or a member of his immediate family.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>If any such right was granted to, or exercised by, any such person during the financial year, there shall be stated the number of shares in and amount of debentures of each body (specifying it) in respect of which, according to the register, the right was granted or exercised.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>A director’s “<Term>immediate family</Term>” means his or her spouse and infant children; and for this purpose “<Term>children</Term>” includes step-children, and “<Term>infant</Term>”, in relation to Scotland, means pupil or minor.</Text></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>The reference above to a member of the director’s immediate family does not include a person who is himself or herself a director of the company.</Text></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group></Pblock></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6" NumberOfProvisions="10" id="schedule-6" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Number><CommentaryRef Ref="c18770701"/><CommentaryRef Ref="c18770701"/>SCHEDULE 6</Number><ScheduleBody><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/part/I" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/part/I" NumberOfProvisions="4" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-6-part-I" RestrictStartDate="2008-04-06"><Number>Part I</Number><Title> Small Companies</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/part/I/crossheading/balance-sheet" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/part/I/crossheading/balance-sheet" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-6-part-I-crossheading-balance-sheet" RestrictStartDate="2008-04-06"><Title> Balance sheet</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/1" id="schedule-6-paragraph-1"><Pnumber>1</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/1/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/1/1" id="schedule-6-paragraph-1-1"><Pnumber>1</Pnumber><P2para><Text>The company may deliver a copy of an abbreviated version of the full balance sheet, showing only those items to which a letter or Roman number is assigned in the balance sheet format adopted under Part I of Schedule 4, but in other respects corresponding to the full balance sheet.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/1/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/1/2" id="schedule-6-paragraph-1-2"><Pnumber>2</Pnumber><P2para><Text>If a copy of an abbreviated balance sheet is delivered, there shall be disclosed in it or in a note to the company’s accounts delivered—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/1/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/1/2/a" id="schedule-6-paragraph-1-2-a"><Pnumber>a</Pnumber><P3para><Text>the aggregate of the amounts required by note (5) of the notes on the balance sheet formats set out in Part I of Schedule 4 to be shown separately for each item included under debtors (amounts falling due after one year), and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/1/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/1/2/b" id="schedule-6-paragraph-1-2-b"><Pnumber>b</Pnumber><P3para><Text>the aggregate of the amounts required by note (13) of those notes to be shown separately for each item included under creditors in Format 2 (amounts falling due within one year or after more than one year).</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/1/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/1/3" id="schedule-6-paragraph-1-3"><Pnumber>3</Pnumber><P2para><Text>The provisions of section 233 as to the signing of the copy of the balance sheet delivered to the registrar apply to a copy of an abbreviated balance sheet delivered in accordance with this paragraph.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/part/I/crossheading/profit-and-loss-account" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/part/I/crossheading/profit-and-loss-account" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-6-part-I-crossheading-profit-and-loss-account" RestrictStartDate="2008-04-06"><Title> Profit and loss account</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/2" id="schedule-6-paragraph-2"><Pnumber>2</Pnumber><P1para><Text>A copy of the company’s profit and loss account need not be delivered.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/part/I/crossheading/disclosure-of-information-in-notes-to-accounts" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/part/I/crossheading/disclosure-of-information-in-notes-to-accounts" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-6-part-I-crossheading-disclosure-of-information-in-notes-to-accounts" RestrictStartDate="2008-04-06"><Title> Disclosure of information in notes to accounts</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/3" id="schedule-6-paragraph-3"><Pnumber>3</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/3/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/3/1" id="schedule-6-paragraph-3-1"><Pnumber>1</Pnumber><P2para><Text>Of the information required by Part III of Schedule 4 (information to be given in notes to accounts if not given in the accounts themselves) only the information required by the following provisions need be given—</Text><UnorderedList Decoration="none"><ListItem><Para><Text>paragraph 36 (accounting policies),</Text></Para></ListItem><ListItem><Para><Text>paragraph 38 (share capital),</Text></Para></ListItem><ListItem><Para><Text>paragraph 39 (particulars of allotments),</Text></Para></ListItem><ListItem><Para><Text>paragraph 42 (fixed assets), so far as it relates to those items to which a letter or Roman number is assigned in the balance sheet format adopted,</Text></Para></ListItem><ListItem><Para><Text>paragraph 48(1) and (4) (particulars of debts),</Text></Para></ListItem><ListItem><Para><Text>paragraph 58(1) (basis of conversion of foreign currency amounts into sterling),</Text></Para></ListItem><ListItem><Para><Text>paragraph 58(2) (corresponding amounts for previous financial year), so far as it relates to amounts stated in a note to the company’s accounts by virtue of a requirement of Schedule 4 or under any other provision of this Act.</Text></Para></ListItem></UnorderedList></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/3/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/3/2" id="schedule-6-paragraph-3-2"><Pnumber>2</Pnumber><P2para><Text>Of the information required by Schedule 5 to be given in notes to the accounts, the information required by the following provisions need not be given—</Text><UnorderedList Decoration="none"><ListItem><Para><Text>paragraph 4 (financial years of subsidiary undertakings),</Text></Para></ListItem><ListItem><Para><Text>paragraph 5 (additional information about subsidiary undertakings),</Text></Para></ListItem><ListItem><Para><Text>paragraph 6 (shares and debentures of company held by subsidiary undertakings),</Text></Para></ListItem><ListItem><Para><Text>paragraph 10 (arrangements attracting merger relief).</Text></Para></ListItem></UnorderedList></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/3/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/3/3" id="schedule-6-paragraph-3-3"><Pnumber>3</Pnumber><P2para><Text>Of the information required by Schedule 6 to be given in notes to the accounts, the information required by Part I (directors’ and chairman’s emoluments, pensions and compensation for loss of office) need not be given.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/part/I/crossheading/directors-report" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/part/I/crossheading/directors-report" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-6-part-I-crossheading-directors-report" RestrictStartDate="2008-04-06"><Title> Directors’ report</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/4" id="schedule-6-paragraph-4"><Pnumber>4</Pnumber><P1para><Text>A copy of the directors’ report need not be delivered.</Text></P1para></P1></P1group></Pblock></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/part/II" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/part/II" NumberOfProvisions="2" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-6-part-II" RestrictStartDate="2008-04-06"><Number>Part II</Number><Title> Small Companies</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/part/II/crossheading/profit-and-loss-account" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/part/II/crossheading/profit-and-loss-account" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-6-part-II-crossheading-profit-and-loss-account" RestrictStartDate="2008-04-06"><Title> Profit and loss account</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/5" id="schedule-6-paragraph-5"><Pnumber>5</Pnumber><P1para><Text>The company may deliver a profit and loss account in which the following items listed in the profit and loss account formats set out in Part I of Schedule 4 are combined as one item under the heading “<Term id="term-gross-profit-or-loss">gross profit or loss</Term>”—</Text><UnorderedList Decoration="none"><ListItem><Para><Text>Items 1, 2, 3 and 6 in Format 1;</Text></Para></ListItem><ListItem><Para><Text>Items 1 to 5 in Format 2;</Text></Para></ListItem><ListItem><Para><Text>Items A.1, B.1 and B.2 in Format 3;</Text></Para></ListItem><ListItem><Para><Text>Items A.1, A.2 and B.1 to B.4 in Format 4.</Text></Para></ListItem></UnorderedList></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/part/II/crossheading/disclosure-of-information-in-notes-to-accounts" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/part/II/crossheading/disclosure-of-information-in-notes-to-accounts" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-6-part-II-crossheading-disclosure-of-information-in-notes-to-accounts" RestrictStartDate="2008-04-06"><Title> Disclosure of information in notes to accounts</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/6" id="schedule-6-paragraph-6"><Pnumber>6</Pnumber><P1para><Text>The information required by paragraph 55 of Schedule 4 (particulars of turnover) need not be given.</Text></P1para></P1></P1group></Pblock></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/part/III" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/part/III" NumberOfProvisions="4" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-6-part-III" RestrictStartDate="2008-04-06"><Number>Part III</Number><Title> Supplementary Provisions</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/part/III/crossheading/statement-that-advantage-taken-of-exemptions" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/part/III/crossheading/statement-that-advantage-taken-of-exemptions" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-6-part-III-crossheading-statement-that-advantage-taken-of-exemptions" RestrictStartDate="2008-04-06"><Title> Statement that advantage taken of exemptions</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/7" id="schedule-6-paragraph-7"><Pnumber>7</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/7/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/7/1" id="schedule-6-paragraph-7-1"><Pnumber>1</Pnumber><P2para><Text>Where the directors of a company take advantage of the exemptions conferred by Part I or Part II of this Schedule, the company’s balance sheet shall contain—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/7/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/7/1/a" id="schedule-6-paragraph-7-1-a"><Pnumber>a</Pnumber><P3para><Text>a statement that advantage is taken of the exemptions conferred by Part I or, as the case may be, Part II of this Schedule, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/7/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/7/1/b" id="schedule-6-paragraph-7-1-b"><Pnumber>b</Pnumber><P3para><Text>a statement of the grounds on which, in the directors’ opinion, the company is entitled to those exemptions.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/7/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/7/2" id="schedule-6-paragraph-7-2"><Pnumber>2</Pnumber><P2para><Text>The statements shall appear in the balance sheet immediately above the signature required by section 233.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/part/III/crossheading/special-auditors-report" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/part/III/crossheading/special-auditors-report" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-6-part-III-crossheading-special-auditors-report" RestrictStartDate="2008-04-06"><Title> Special auditors’ report</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/8" id="schedule-6-paragraph-8"><Pnumber>8</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/8/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/8/1" id="schedule-6-paragraph-8-1"><Pnumber>1</Pnumber><P2para><Text>If the directors of a company propose to take advantage of the exemptions conferred by Part I or <Acronym Expansion="2">II</Acronym> of this Schedule, it is the auditors’ duty to provide them with a report stating whether in their opinion the company is entitled to those exemptions and whether the documents to be proposed to be delivered in accordance with this Schedule are properly prepared.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/8/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/8/2" id="schedule-6-paragraph-8-2"><Pnumber>2</Pnumber><P2para><Text>The accounts delivered shall be accompanied by a special report of the auditors stating that in their opinion—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/8/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/8/2/a" id="schedule-6-paragraph-8-2-a"><Pnumber>a</Pnumber><P3para><Text>the company is entitled to the exemptions claimed in the directors’ statement, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/8/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/8/2/b" id="schedule-6-paragraph-8-2-b"><Pnumber>b</Pnumber><P3para><Text>the accounts to be delivered are properly prepared in accordance with this Schedule.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/8/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/8/3" id="schedule-6-paragraph-8-3"><Pnumber>3</Pnumber><P2para><Text>In such a case a copy of the auditors’ report under section 235 need not be delivered separately, but the full text of it shall be reproduced in the special report; and if the report under section 235 is qualified there shall be included in the special report any further material necessary to understand the qualification.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/8/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/8/4" id="schedule-6-paragraph-8-4"><Pnumber>4</Pnumber><P2para><Text>Section 236 (signature of auditors’ report) applies to a special report under this paragraph as it applies to a report under section 235.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/part/III/crossheading/dormant-companies" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/part/III/crossheading/dormant-companies" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-6-part-III-crossheading-dormant-companies" RestrictStartDate="2008-04-06"><Title> Dormant companies</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/9" id="schedule-6-paragraph-9"><Pnumber>9</Pnumber><P1para><Text>Paragraphs 7 and 8 above do not apply where the company is exempt by virtue of section 250 (dormant companies) from the obligation to appoint auditors.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/part/III/crossheading/requirements-in-connection-with-publication-of-accounts" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/part/III/crossheading/requirements-in-connection-with-publication-of-accounts" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-6-part-III-crossheading-requirements-in-connection-with-publication-of-accounts" RestrictStartDate="2008-04-06"><Title> Requirements in connection with publication of accounts</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/10" id="schedule-6-paragraph-10"><Pnumber>10</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/10/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/10/1" id="schedule-6-paragraph-10-1"><Pnumber>1</Pnumber><P2para><Text>Where advantage is taken of the exemptions conferred by Part I or II of this Schedule, section 240 (requirements in connection with publication of accounts) has effect with the following adaptations.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/10/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/10/2" id="schedule-6-paragraph-10-2"><Pnumber>2</Pnumber><P2para><Text>Accounts delivered in accordance with this Schedule and accounts in the form in which they would be required to be delivered apart from this Schedule are both “<Term id="term-statutory-accounts">statutory accounts</Term>” for the purposes of that section.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/6/paragraph/10/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/6/paragraph/10/3" id="schedule-6-paragraph-10-3"><Pnumber>3</Pnumber><P2para><Text>References in that section to the auditors’ report under section 235 shall be read, in relation to accounts delivered in accordance with this Schedule, as references to the special report under paragraph 8 above.</Text></P2para></P2></P1para></P1></P1group></Pblock></Part></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7" NumberOfProvisions="28" id="schedule-7" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Number><CommentaryRef Ref="c18770711"/><CommentaryRef Ref="c18770711"/>SCHEDULE 7</Number><ScheduleBody><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/crossheading/preliminary" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/crossheading/preliminary" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-7-crossheading-preliminary" RestrictStartDate="2008-04-06"><Title> Preliminary</Title><P DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/p99" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/p99" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-7-paragraph-p99"><Text>Schedule 9 to the <CommentaryRef Ref="c13697871"/>Companies Act 1985 is amended in accordance with this Schedule, as follows—</Text><OrderedList Type="alpha" Decoration="parens"><ListItem NumberOverride="a"><Para><Text>for the heading of the Schedule substitute <InlineAmendment>“
              SPECIAL PROVISIONS FOR BANKING AND INSURANCE COMPANIES AND GROUPS
            ”</InlineAmendment>;</Text></Para></ListItem><ListItem NumberOverride="b"><Para><Text>omit the introductory paragraph preceding Part I, together with its heading;</Text></Para></ListItem><ListItem NumberOverride="c"><Para><Text>make the present provisions of Parts I to V of the Schedule (as amended by Part I of this Schedule) Part I of the Schedule, and accordingly—</Text></Para><OrderedList Type="roman" Decoration="parens"><ListItem NumberOverride="i"><Para><Text>for the descriptive Part heading before paragraph 2 substitute <InlineAmendment>“
                  FORM AND CONTENT OF ACCOUNTS
                ”</InlineAmendment>, and</Text></Para></ListItem><ListItem NumberOverride="ii"><Para><Text>omit the Part headings before paragraphs 19, 27, 31 and 32;</Text></Para></ListItem></OrderedList></ListItem><ListItem NumberOverride="d"><Para><Text>the provisions of Parts II, III and IV of this Schedule have effect as Parts II, III and IV of Schedule 9 to the Companies Act 1985.</Text></Para></ListItem></OrderedList></P></Pblock><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/I" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/I" NumberOfProvisions="18" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-7-part-I" RestrictStartDate="2008-04-06"><Number>Part I</Number><Title> Form and Content of Accounts</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/I/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/I/paragraph/1" id="schedule-7-part-I-paragraph-1" shortId="schedule-7-paragraph-1"><Pnumber>1</Pnumber><P1para><Text>In paragraph 10(1)(c) of Schedule 9 to the <CommentaryRef Ref="c13697881"/>Companies Act 1985 (disclosure of outstanding loans in connection with certain cases of financial assistance for purchase of company’s own shares), after  “153(4)(b)” insert <InlineAmendment>“
          , (bb)
        ”</InlineAmendment>.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/I/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/I/paragraph/2" id="schedule-7-part-I-paragraph-2" shortId="schedule-7-paragraph-2"><Pnumber>2</Pnumber><P1para><Text>In paragraph 13 of that Schedule (information supplementing balance sheet), omit sub-paragraph (3) (information as to acquisition of, or creation of lien or charge over, company’s own shares).</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/I/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/I/paragraph/3" id="schedule-7-part-I-paragraph-3" shortId="schedule-7-paragraph-3"><Pnumber>3</Pnumber><P1para><Text>In paragraph 17(5) of that Schedule (statement of turnover: companies exempt from requirement) for  “neither a holding company nor a subsidiary of another body corporate” substitute <InlineAmendment>“
          neither a parent company nor a subsidiary undertaking
        ”</InlineAmendment>.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/I/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/I/paragraph/4" id="schedule-7-part-I-paragraph-4" shortId="schedule-7-paragraph-4"><Pnumber>4</Pnumber><P1para><Text>After paragraph 18 of that Schedule insert—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="schedule" Format="default"><P1group><Title> Supplementary provisions</Title><P1><Pnumber>18A</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>Accounting policies shall be applied consistently within the same accounts and from one financial year to the next.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>If it appears to the directors of a company that there are special reasons for departing from the principle stated in sub-paragraph (1) in preparing the company’s accounts in respect of any financial year, they may do so; but particulars of the departure, the reasons for it and its effect shall be given in a note to the accounts.</Text></P2para></P2></P1para></P1><P1><Pnumber>18B</Pnumber><P1para><Text>It shall be stated whether the accounts have been prepared in accordance with applicable accounting standards, and particulars of any material departure from those standards and the reasons for it shall be given.</Text></P1para></P1><P1><Pnumber>18C</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>In respect of every item shown in the balance sheet or profit and loss account, or stated in a note to the accounts, there shall be shown or stated the corresponding amount for the financial year immediately preceding that to which the accounts relate, subject to sub-paragraph (3).</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>Where the corresponding amount is not comparable, it shall be adjusted and particulars of the adjustment and the reasons for it shall be given in a note to the accounts.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>Sub-paragraph (1) does not apply in relation to an amount shown—</Text><P3><Pnumber>a</Pnumber><P3para><Text>as an amount the source or application of which is required by paragraph 8 above (reserves and provisions),</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>in pursuance of paragraph 13(10) above (acquisitions and disposals of fixed assets),</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>by virtue of paragraph 13 of Schedule 4A (details of accounting treatment of acquisitions),</Text></P3para></P3><P3><Pnumber>d</Pnumber><P3para><Text>by virtue of paragraph 2, 8(3), 16, 21(1)(d), 22(4) or (5), 24(3) or (4) or 27(3) or (4) of Schedule 5 (shareholdings in other undertakings), or</Text></P3para></P3><P3><Pnumber>e</Pnumber><P3para><Text>by virtue of Part II or III of Schedule 6 (loans and other dealings in favour of directors and others).</Text></P3para></P3></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/I/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/I/paragraph/5" id="schedule-7-part-I-paragraph-5" shortId="schedule-7-paragraph-5"><Pnumber>5</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/I/paragraph/5/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/I/paragraph/5/1" id="schedule-7-part-I-paragraph-5-1" shortId="schedule-7-paragraph-5-1"><Pnumber>1</Pnumber><P2para><Text>Before paragraph 19 of that Schedule insert the heading <InlineAmendment>“
              <Emphasis>Provisions where company is parent company or subsidiary undertaking</Emphasis>
            ”</InlineAmendment>;and that paragraph is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/I/paragraph/5/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/I/paragraph/5/2" id="schedule-7-part-I-paragraph-5-2" shortId="schedule-7-paragraph-5-2"><Pnumber>2</Pnumber><P2para><Text>In sub-paragraph (1) for the words from  “is a holding company” onwards substitute <InlineAmendment>“
              is a parent company
            ”</InlineAmendment>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/5/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/5/3" id="schedule-7-paragraph-5-3"><Pnumber>3</Pnumber><P2para><Text>In sub-paragraph (2)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/5/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/5/3/a" id="schedule-7-paragraph-5-3-a"><Pnumber>a</Pnumber><P3para><Text>for  “subsidiaries”

							(four times) substitute <InlineAmendment>“
                  subsidiary undertakings
                ”</InlineAmendment>, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/5/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/5/3/b" id="schedule-7-paragraph-5-3-b"><Pnumber>b</Pnumber><P3para><Text>in paragraph (a), for  “Part I” substitute <InlineAmendment>“
                  paragraphs 5, 6, 10, 13 and 14
                ”</InlineAmendment>.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/5/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/5/4" id="schedule-7-paragraph-5-4"><Pnumber>4</Pnumber><P2para><Text>Omit sub-paragraphs (3) to (7).</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/I/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/I/paragraph/6" id="schedule-7-part-I-paragraph-6" shortId="schedule-7-paragraph-6"><Pnumber>6</Pnumber><P1para><Text>For paragraph 20 of that Schedule substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="schedule" Format="default"><P1group Layout="below"><Title/><P1><Pnumber>20</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>This paragraph applies where the company is a subsidiary undertaking.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>The balance sheet of the company shall show—</Text><P3><Pnumber>a</Pnumber><P3para><Text>the aggregate amount of its indebtedness to undertakings of which it is a subsidiary undertaking or which are fellow subsidiary undertakings, and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>the aggregate amount of the indebtedness of all such undertakings to it,</Text></P3para></P3><Text>distinguishing in each case between indebtedness in respect of debentures and otherwise.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>The balance sheet shall also show the aggregate amount of assets consisting of shares in fellow subsidiary undertakings.</Text></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/7" id="schedule-7-paragraph-7"><Pnumber>7</Pnumber><P1para><Text>Omit paragraphs 21 to 26 of that Schedule.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/8" id="schedule-7-paragraph-8"><Pnumber>8</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/8/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/8/1" id="schedule-7-paragraph-8-1"><Pnumber>1</Pnumber><P2para><Text>Before paragraph 27 of that Schedule insert the heading <InlineAmendment>“
              <Emphasis>Exceptions for certain companies</Emphasis>
            ”</InlineAmendment>;and that paragraph is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/8/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/8/2" id="schedule-7-paragraph-8-2"><Pnumber>2</Pnumber><P2para><Text>In sub-paragraph (2)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/8/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/8/2/a" id="schedule-7-paragraph-8-2-a"><Pnumber>a</Pnumber><P3para><Text>for  “Part I of this Schedule” substitute <InlineAmendment>“
                  paragraphs 2 to 18 of this Schedule
                ”</InlineAmendment>, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/8/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/8/2/b" id="schedule-7-paragraph-8-2-b"><Pnumber>b</Pnumber><P3para><Text>in paragraph (b) for the words from  “paragraphs 15” to the end substitute <InlineAmendment>“
                  and paragraph 15
                ”</InlineAmendment>.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/8/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/8/3" id="schedule-7-paragraph-8-3"><Pnumber>3</Pnumber><P2para><Text>In sub-paragraph (4), omit  “of the said Part I”.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/9" id="schedule-7-paragraph-9"><Pnumber>9</Pnumber><P1para><Text>In paragraph 28 of that Schedule, in sub-paragraph (1)

			(twice) and in sub-paragraph (2) for  “Part I” substitute <InlineAmendment>“
          paragraphs 2 to 18
        ”</InlineAmendment>.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/10" id="schedule-7-paragraph-10"><Pnumber>10</Pnumber><P1para><Text>After that paragraph insert—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group Layout="below"><Title/><P1><Pnumber>28A</Pnumber><P1para><Text>Where a company is entitled to, and has availed itself of, any of the provisions of paragraph 27 or 28 of this Schedule, section 235(2) only requires the auditors to state whether in their opinion the accounts have been properly prepared in accordance with this Act.</Text></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/11" id="schedule-7-paragraph-11"><Pnumber>11</Pnumber><P1para><Text>Omit paragraphs 29 to 31 of that Schedule.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/12" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/12" id="schedule-7-paragraph-12"><Pnumber>12</Pnumber><P1para><Text>Before paragraph 32 of that Schedule insert the heading <InlineAmendment>“
          <Emphasis>Interpretation</Emphasis>
        ”</InlineAmendment>;and in sub-paragraphs (1) and (2) of that paragraph for  “this Schedule” substitute <InlineAmendment>“
          this Part of this Schedule
        ”</InlineAmendment>.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+N.I." RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/13" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/13" id="schedule-7-paragraph-13"><Pnumber>13</Pnumber><P1para><Text>In paragraph 36 of that Schedule for  “this Schedule” substitute <InlineAmendment>“
          this Part of this Schedule
        ”</InlineAmendment>.</Text></P1para></P1></P1group></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II" NumberOfProvisions="6" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-7-part-II" RestrictStartDate="2008-04-06"><Number>Part II</Number><Title> [Part II of Schedule 9 to the Companies Act 1985]</Title><Title>Accounts of Banking or Insurance Group</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/undertakings-to-be-included-in-consolidation" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/undertakings-to-be-included-in-consolidation" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-7-part-II-crossheading-undertakings-to-be-included-in-consolidation" RestrictStartDate="2008-04-06"><Title> Undertakings to be included in consolidation</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/undertakings-to-be-included-in-consolidation/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/undertakings-to-be-included-in-consolidation/paragraph/1" id="schedule-7-part-II-crossheading-undertakings-to-be-included-in-consolidation_paragraph-1" shortId="schedule-7-paragraph-1"><Pnumber>1</Pnumber><P1para><Text>The following descriptions of undertaking shall not be excluded from consolidation under section 229(4) (exclusion of undertakings whose activities are different from those of the undertakings consolidated)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/undertakings-to-be-included-in-consolidation/paragraph/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/undertakings-to-be-included-in-consolidation/paragraph/1/a" id="schedule-7-part-II-crossheading-undertakings-to-be-included-in-consolidation_paragraph-1-a" shortId="schedule-7-paragraph-1-a"><Pnumber>a</Pnumber><P3para><Text>in the case of a banking group, an undertaking (other than a credit institution) whose activities are a direct extension of or ancillary to banking business;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/undertakings-to-be-included-in-consolidation/paragraph/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/undertakings-to-be-included-in-consolidation/paragraph/1/b" id="schedule-7-part-II-crossheading-undertakings-to-be-included-in-consolidation_paragraph-1-b" shortId="schedule-7-paragraph-1-b"><Pnumber>b</Pnumber><P3para><Text>in the case of an insurance group, an undertaking (other than one carrying on insurance business) whose activities are a direct extension of or ancillary to insurance business.</Text></P3para></P3><Text>For the purposes of paragraph (a) “<Term id="term-banking">banking</Term>” means the carrying on of a deposit-taking business within the meaning of the <CommentaryRef Ref="c13697891"/>Banking Act 1987.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/general-application-of-provisions-applicable-to-individual-accounts" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/general-application-of-provisions-applicable-to-individual-accounts" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-7-part-II-crossheading-general-application-of-provisions-applicable-to-individual-accounts" RestrictStartDate="2008-04-06"><Title> General application of provisions applicable to individual accounts</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/general-application-of-provisions-applicable-to-individual-accounts/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/general-application-of-provisions-applicable-to-individual-accounts/paragraph/2" id="schedule-7-part-II-crossheading-general-application-of-provisions-applicable-to-individual-accounts_paragraph-2" shortId="schedule-7-paragraph-2"><Pnumber>2</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/2/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/2/1" id="schedule-7-paragraph-2-1"><Pnumber>1</Pnumber><P2para><Text>In paragraph 1 of Schedule 4A (application to group accounts of provisions applicable to individual accounts), the reference in sub-paragraph (1) to the provisions of Schedule 4 shall be construed as a reference to the provisions of Part I of this Schedule; and accordingly—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/2/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/2/1/a" id="schedule-7-paragraph-2-1-a"><Pnumber>a</Pnumber><P3para><Text>the reference in sub-paragraph (2) to paragraph 59 of Schedule 4 shall be construed as a reference to paragraphs 19(2) and 20 of Part I of this Schedule; and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/2/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/2/1/b" id="schedule-7-paragraph-2-1-b"><Pnumber>b</Pnumber><P3para><Text>sub-paragraph (3) shall be omitted.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/2/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/2/2" id="schedule-7-paragraph-2-2"><Pnumber>2</Pnumber><P2para><Text>The general application of the provisions of Part I of this Schedule in place of those of Schedule 4 is subject to the following provisions.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/treatment-of-goodwill" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/treatment-of-goodwill" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-7-part-II-crossheading-treatment-of-goodwill" RestrictStartDate="2008-04-06"><Title> Treatment of goodwill</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/treatment-of-goodwill/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/treatment-of-goodwill/paragraph/3" id="schedule-7-part-II-crossheading-treatment-of-goodwill_paragraph-3" shortId="schedule-7-paragraph-3"><Pnumber>3</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/treatment-of-goodwill/paragraph/3/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/treatment-of-goodwill/paragraph/3/1" id="schedule-7-part-II-crossheading-treatment-of-goodwill_paragraph-3-1" shortId="schedule-7-paragraph-3-1"><Pnumber>1</Pnumber><P2para><Text>The rules in paragraph 21 of Schedule 4 relating to the treatment of goodwill, and the rules in paragraphs 17 to 19 of that Schedule (valuation of fixed assets) so far as they relate to goodwill, apply for the purpose of dealing with any goodwill arising on consolidation.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/treatment-of-goodwill/paragraph/3/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/treatment-of-goodwill/paragraph/3/2" id="schedule-7-part-II-crossheading-treatment-of-goodwill_paragraph-3-2" shortId="schedule-7-paragraph-3-2"><Pnumber>2</Pnumber><P2para><Text>Goodwill shall be shown as a separate item in the balance sheet under an appropriate heading; and this applies notwithstanding anything in paragraph 10(1)(b) or (2) of Part I of this Schedule (under which goodwill, patents and trade marks may be stated in the company’s individual accounts as a single item).</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/minority-interests-and-associated-undertakings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/minority-interests-and-associated-undertakings" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-7-part-II-crossheading-minority-interests-and-associated-undertakings" RestrictStartDate="2008-04-06"><Title> Minority interests and associated undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/minority-interests-and-associated-undertakings/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/minority-interests-and-associated-undertakings/paragraph/4" id="schedule-7-part-II-crossheading-minority-interests-and-associated-undertakings_paragraph-4" shortId="schedule-7-paragraph-4"><Pnumber>4</Pnumber><P1para><Text>The information required by paragraphs 17 and 20 to 22 of Schedule 4A (minority interests and associated undertakings) to be shown under separate items in the formats set out in Part I of Schedule 4 shall be shown separately in the balance sheet and profit and loss account under appropriate headings.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/companies-entitled-to-benefit-of-exemptions" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/companies-entitled-to-benefit-of-exemptions" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-7-part-II-crossheading-companies-entitled-to-benefit-of-exemptions" RestrictStartDate="2008-04-06"><Title> Companies entitled to benefit of exemptions</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/companies-entitled-to-benefit-of-exemptions/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/companies-entitled-to-benefit-of-exemptions/paragraph/5" id="schedule-7-part-II-crossheading-companies-entitled-to-benefit-of-exemptions_paragraph-5" shortId="schedule-7-paragraph-5"><Pnumber>5</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/companies-entitled-to-benefit-of-exemptions/paragraph/5/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/companies-entitled-to-benefit-of-exemptions/paragraph/5/1" id="schedule-7-part-II-crossheading-companies-entitled-to-benefit-of-exemptions_paragraph-5-1" shortId="schedule-7-paragraph-5-1"><Pnumber>1</Pnumber><P2para><Text>Where a banking or insurance company is entitled to the exemptions conferred by paragraph 27 or 28 of Part I of this Schedule, a group headed by that company is similarly entitled.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/companies-entitled-to-benefit-of-exemptions/paragraph/5/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/companies-entitled-to-benefit-of-exemptions/paragraph/5/2" id="schedule-7-part-II-crossheading-companies-entitled-to-benefit-of-exemptions_paragraph-5-2" shortId="schedule-7-paragraph-5-2"><Pnumber>2</Pnumber><P2para><Text>Paragraphs 27(4), 28(2) and 28A (accounts not to be taken to be other than true and fair; duty of auditors) apply accordingly where advantage is taken of those exemptions in relation to group accounts.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/information-as-to-undertaking-in-which-shares-held-as-result-of-financial-assistance-operation" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/information-as-to-undertaking-in-which-shares-held-as-result-of-financial-assistance-operation" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-7-part-II-crossheading-information-as-to-undertaking-in-which-shares-held-as-result-of-financial-assistance-operation" RestrictStartDate="2008-04-06"><Title> Information as to undertaking in which shares held as result of financial assistance operation</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/II/crossheading/information-as-to-undertaking-in-which-shares-held-as-result-of-financial-assistance-operation/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/II/crossheading/information-as-to-undertaking-in-which-shares-held-as-result-of-financial-assistance-operation/paragraph/6" id="schedule-7-part-II-crossheading-information-as-to-undertaking-in-which-shares-held-as-result-of-financial-assistance-operation_paragraph-6" shortId="schedule-7-paragraph-6"><Pnumber>6</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/6/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/6/1" id="schedule-7-paragraph-6-1"><Pnumber>1</Pnumber><P2para><Text>The following provisions apply where the parent company of a banking group has a subsidiary undertaking which—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/6/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/6/1/a" id="schedule-7-paragraph-6-1-a"><Pnumber>a</Pnumber><P3para><Text>is a credit institution of which shares are held as a result of a financial assistance operation with a view to its reorganisation or rescue, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/6/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/6/1/b" id="schedule-7-paragraph-6-1-b"><Pnumber>b</Pnumber><P3para><Text>is excluded from consolidation under section 229(3)(c) (interest held with a view to resale).</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/6/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/6/2" id="schedule-7-paragraph-6-2"><Pnumber>2</Pnumber><P2para><Text>Information as to the nature and terms of the operation shall be given in a note to the group accounts and there shall be appended to the copy of the group accounts delivered to the registrar in accordance with section 242 a copy of the undertaking’s latest individual accounts and, if it is a parent undertaking, its latest group accounts.</Text></P2para><P2para><Text>If the accounts appended are required by law to be audited, a copy of the auditors’ report shall also be appended.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/6/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/6/3" id="schedule-7-paragraph-6-3"><Pnumber>3</Pnumber><P2para><Text>If any document required to be appended is in a language other than English, the directors shall annex to the copy of that document delivered a translation of it into English, certified in the prescribed manner to be a correct translation.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/6/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/6/4" id="schedule-7-paragraph-6-4"><Pnumber>4</Pnumber><P2para><Text>The above requirements are subject to the following qualifications—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/6/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/6/4/a" id="schedule-7-paragraph-6-4-a"><Pnumber>a</Pnumber><P3para><Text>an undertaking is not required to prepare for the purposes of this paragraph accounts which would not otherwise be prepared, and if no accounts satisfying the above requirements are prepared none need be appended;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/6/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/6/4/b" id="schedule-7-paragraph-6-4-b"><Pnumber>b</Pnumber><P3para><Text>the accounts of an undertaking need not be appended if they would not otherwise be required to be published, or made available for public inspection, anywhere in the world, but in that case the reason for not appending the accounts shall be stated in a note to the consolidated accounts.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/6/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/6/5" id="schedule-7-paragraph-6-5"><Pnumber>5</Pnumber><P2para><Text>Where a copy of an undertaking’s accounts is required to be appended to the copy of the group accounts delivered to the registrar, that fact shall be stated in a note to the group accounts.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/6/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/6/6" id="schedule-7-paragraph-6-6"><Pnumber>6</Pnumber><P2para><Text>Subsections (2) to (4) of section 242 (penalties, &amp;c. in case of default) apply in relation to the requirements of this paragraph as regards the delivery of documents to the registrar as they apply in relation to the requirements of subsection (1) of that section.</Text></P2para></P2></P1para></P1></P1group></Pblock></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/III" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/III" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-7-part-III" RestrictStartDate="2008-04-06"><Number>Part III</Number><Title> [Part III of Schedule 9 to the Companies Act 1985]</Title><Title>Additional Disclosure: Related Undertakings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/III/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/III/paragraph/1" id="schedule-7-part-III-paragraph-1" shortId="schedule-7-paragraph-1"><Pnumber>1</Pnumber><P1para><Text>Where accounts are prepared in accordance with the special provisions of this Part relating to banking companies or groups, there shall be disregarded for the purposes of—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/III/paragraph/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/III/paragraph/1/a" id="schedule-7-part-III-paragraph-1-a" shortId="schedule-7-paragraph-1-a"><Pnumber>a</Pnumber><P3para><Text>paragraphs 7(2)(a), 23(2)(a) and 26(2)(a) of Schedule 5 (information about significant holdings in undertakings other than subsidiary undertakings: definition of 10 per cent. holding), and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/III/paragraph/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/III/paragraph/1/b" id="schedule-7-part-III-paragraph-1-b" shortId="schedule-7-paragraph-1-b"><Pnumber>b</Pnumber><P3para><Text>paragraphs 9(1), 25(1) and 28(1) of that Schedule (additional information in case of 20 per cent. holding),</Text></P3para></P3><Text>any holding of shares not comprised in the equity share capital of the undertaking in question.</Text></P1para></P1></P1group></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/IV" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/IV" NumberOfProvisions="3" RestrictExtent="E+W+S+N.I." RestrictEndDate="2008-04-06" Match="false" id="schedule-7-part-IV" RestrictStartDate="2008-04-06"><Number>Part IV</Number><Title> [Part IV of Schedule 9 to the Companies Act 1985]</Title><Title>Additional Disclosure: Emoluments and Other Benefits of Directors and Others</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/IV/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/IV/paragraph/1" id="schedule-7-part-IV-paragraph-1" shortId="schedule-7-paragraph-1"><Pnumber>1</Pnumber><P1para><Text>The provisions of this Part of this Schedule have effect with respect to the application of Schedule 6 (additional disclosure: emoluments and other benefits of directors and others) to a banking company or the holding company of such a company.</Text></P1para></P1></P1group><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/IV/crossheading/loans-quasiloans-and-other-dealings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/IV/crossheading/loans-quasiloans-and-other-dealings" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-7-part-IV-crossheading-loans-quasiloans-and-other-dealings" RestrictStartDate="2008-04-06"><Title> Loans, quasi-loans and other dealings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/IV/crossheading/loans-quasiloans-and-other-dealings/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/IV/crossheading/loans-quasiloans-and-other-dealings/paragraph/2" id="schedule-7-part-IV-crossheading-loans-quasiloans-and-other-dealings_paragraph-2" shortId="schedule-7-paragraph-2"><Pnumber>2</Pnumber><P1para><Text>Part II of Schedule 6 (loans, quasi-loans and other dealings) does not apply for the purposes of accounts prepared by a banking company, or a company which is the holding company of a banking company, in relation to a transaction or arrangement of a kind mentioned in section 330, or an agreement to enter into such a transaction or arrangement, to which that banking company is a party.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/IV/crossheading/other-transactions-arrangements-and-agreements" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/IV/crossheading/other-transactions-arrangements-and-agreements" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-7-part-IV-crossheading-other-transactions-arrangements-and-agreements" RestrictStartDate="2008-04-06"><Title> Other transactions, arrangements and agreements</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/IV/crossheading/other-transactions-arrangements-and-agreements/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/IV/crossheading/other-transactions-arrangements-and-agreements/paragraph/3" id="schedule-7-part-IV-crossheading-other-transactions-arrangements-and-agreements_paragraph-3" shortId="schedule-7-paragraph-3"><Pnumber>3</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/IV/crossheading/other-transactions-arrangements-and-agreements/paragraph/3/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/IV/crossheading/other-transactions-arrangements-and-agreements/paragraph/3/1" id="schedule-7-part-IV-crossheading-other-transactions-arrangements-and-agreements_paragraph-3-1" shortId="schedule-7-paragraph-3-1"><Pnumber>1</Pnumber><P2para><Text>Part III of Schedule 6 (other transactions, arrangements and agreements) applies for the purposes of accounts prepared by a banking company, or a company which is the holding company of a banking company, only in relation to a transaction, arrangement or agreement made by that banking company for—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/3/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/3/1/a" id="schedule-7-paragraph-3-1-a"><Pnumber>a</Pnumber><P3para><Text>a person who was a director of the company preparing the accounts, or who was connected with such a director, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/3/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/3/1/b" id="schedule-7-paragraph-3-1-b"><Pnumber>b</Pnumber><P3para><Text>a person who was a chief executive or manager (within the meaning of the <CommentaryRef Ref="c13697901"/>Banking Act 1987) of that company or its holding company.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/part/IV/crossheading/other-transactions-arrangements-and-agreements/paragraph/3/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/part/IV/crossheading/other-transactions-arrangements-and-agreements/paragraph/3/2" id="schedule-7-part-IV-crossheading-other-transactions-arrangements-and-agreements_paragraph-3-2" shortId="schedule-7-paragraph-3-2"><Pnumber>2</Pnumber><P2para><Text>References in that Part to officers of the company shall be construed accordingly as including references to such persons.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/3/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/3/3" id="schedule-7-paragraph-3-3"><Pnumber>3</Pnumber><P2para><Text>In this paragraph “<Term id="term-director">director</Term>” includes a shadow director.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/3/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/3/4" id="schedule-7-paragraph-3-4"><Pnumber>4</Pnumber><P2para><Text>For the purposes of that Part as it applies by virtue of this paragraph, a company which a person does not control shall not be treated as connected with him.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/7/paragraph/3/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/7/paragraph/3/5" id="schedule-7-paragraph-3-5"><Pnumber>5</Pnumber><P2para><Text>Section 346 of this Act applies for the purposes of this paragraph as regards the interpretation of references to a person being connected with a director or controlling a company.</Text></P2para></P2></P1para></P1></P1group></Pblock></Part></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8" NumberOfProvisions="3" id="schedule-8" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Number><CommentaryRef Ref="c18770721"/><CommentaryRef Ref="c18770721"/>SCHEDULE 8</Number><ScheduleBody><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/crossheading/recent-issues" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/crossheading/recent-issues" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-8-crossheading-recent-issues" RestrictStartDate="2008-04-06"><Title> Recent issues</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/1" id="schedule-8-paragraph-1"><Pnumber>1</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/1/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/1/1" id="schedule-8-paragraph-1-1"><Pnumber>1</Pnumber><P2para><Text>This paragraph applies where a company prepares individual accounts in accordance with the special provisions of this Part relating to banking or insurance companies.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/1/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/1/2" id="schedule-8-paragraph-1-2"><Pnumber>2</Pnumber><P2para><Text>If in the financial year to which the accounts relate the company has issued any shares or debentures, the directors’ report shall state the reason for making the issue, the classes of shares or debentures issued and, as respects each class, the number of shares or amount of debentures issued and the consideration received by the company for the issue.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/crossheading/turnover-and-profitability" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/crossheading/turnover-and-profitability" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-8-crossheading-turnover-and-profitability" RestrictStartDate="2008-04-06"><Title> Turnover and profitability</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/2" id="schedule-8-paragraph-2"><Pnumber>2</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/2/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/2/1" id="schedule-8-paragraph-2-1"><Pnumber>1</Pnumber><P2para><Text>This paragraph applies where a company prepares group accounts in accordance with the special provisions of this Part relating to banking or insurance groups.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/2/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/2/2" id="schedule-8-paragraph-2-2"><Pnumber>2</Pnumber><P2para><Text>If in the course of the financial year to which the accounts relate the group carried on business of two or more classes (other than banking or discounting or a class prescribed for the purposes of paragraph 17(2) of Part I of Schedule 9) that in the opinion of the directors differ substantially from each other, there shall be contained in the directors’ report a statement of—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/2/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/2/2/a" id="schedule-8-paragraph-2-2-a"><Pnumber>a</Pnumber><P3para><Text>the proportions in which the turnover for the financial year (so far as stated in the consolidated accounts) is divided amongst those classes (describing them), and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/2/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/2/2/b" id="schedule-8-paragraph-2-2-b"><Pnumber>b</Pnumber><P3para><Text>as regards business of each class, the extent or approximate extent (expressed in money terms) to which, in the opinion of the directors, the carrying on of business of that class contributed to or restricted the profit or loss of the group for that year (before taxation).</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/2/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/2/3" id="schedule-8-paragraph-2-3"><Pnumber>3</Pnumber><P2para><Text>In sub-paragraph (2) “<Term id="term-the-group">the group</Term>” means the undertakings included in the consolidation.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/2/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/2/4" id="schedule-8-paragraph-2-4"><Pnumber>4</Pnumber><P2para><Text>For the purposes of this paragraph classes of business which in the opinion of the directors do not differ substantially from each other shall be treated as one class.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/crossheading/labour-force-and-wages-paid" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/crossheading/labour-force-and-wages-paid" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-8-crossheading-labour-force-and-wages-paid" RestrictStartDate="2008-04-06"><Title> Labour force and wages paid</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/3" id="schedule-8-paragraph-3"><Pnumber>3</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/3/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/3/1" id="schedule-8-paragraph-3-1"><Pnumber>1</Pnumber><P2para><Text>This paragraph applies where a company prepares individual or group accounts in accordance with the special provisions of this Part relating to banking or insurance companies or groups.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/3/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/3/2" id="schedule-8-paragraph-3-2"><Pnumber>2</Pnumber><P2para><Text>There shall be stated in the directors’ report—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/3/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/3/2/a" id="schedule-8-paragraph-3-2-a"><Pnumber>a</Pnumber><P3para><Text>the average number of persons employed by the company or, if the company prepares group accounts, by the company and its subsidiary undertakings, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/3/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/3/2/b" id="schedule-8-paragraph-3-2-b"><Pnumber>b</Pnumber><P3para><Text>the aggregate amount of the remuneration paid or payable to persons so employed.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/3/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/3/3" id="schedule-8-paragraph-3-3"><Pnumber>3</Pnumber><P2para><Text>The average number of persons employed shall be determined by adding together the number of persons employed (whether throughout the week or not) in each week of the financial year and dividing that total by the number of weeks in the financial year.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/3/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/3/4" id="schedule-8-paragraph-3-4"><Pnumber>4</Pnumber><P2para><Text>The aggregate amount of the remuneration paid or payable means the total amount of remuneration paid or payable in respect of the financial year; and for this purpose remuneration means gross remuneration and includes bonuses, whether payable under contract or not.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/3/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/3/5" id="schedule-8-paragraph-3-5"><Pnumber>5</Pnumber><P2para><Text>The information required by this paragraph need not be given if the average number of persons employed is less than 100.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/3/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/3/6" id="schedule-8-paragraph-3-6"><Pnumber>6</Pnumber><P2para><Text>No account shall be taken for the purposes of this paragraph of persons who worked wholly or mainly outside the United Kingdom.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/8/paragraph/3/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/8/paragraph/3/7" id="schedule-8-paragraph-3-7"><Pnumber>7</Pnumber><P2para><Text>This paragraph does not apply to a company which is a wholly-owned subsidiary of a company incorporated in Great Britain.</Text></P2para></P2></P1para></P1></P1group></Pblock></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9" NumberOfProvisions="11" id="schedule-9" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06"><Number><CommentaryRef Ref="c18770731"/><CommentaryRef Ref="c18770731"/>SCHEDULE 9</Number><ScheduleBody><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/crossheading/introduction" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/crossheading/introduction" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-9-crossheading-introduction" RestrictStartDate="2008-04-06"><Title> Introduction</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/1" id="schedule-9-paragraph-1"><Pnumber>1</Pnumber><P1para><Text>The provisions of this Schedule explain expressions used in section 258 (parent and subsidiary undertakings) and otherwise supplement that section.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/crossheading/voting-rights-in-an-undertaking" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/crossheading/voting-rights-in-an-undertaking" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-9-crossheading-voting-rights-in-an-undertaking" RestrictStartDate="2008-04-06"><Title> Voting rights in an undertaking</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/2" id="schedule-9-paragraph-2"><Pnumber>2</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/2/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/2/1" id="schedule-9-paragraph-2-1"><Pnumber>1</Pnumber><P2para><Text>In section 258(2)(a) and (d) the references to the voting rights in an undertaking are to the rights conferred on shareholders in respect of their shares or, in the case of an undertaking not having a share capital, on members, to vote at general meetings of the undertaking on all, or substantially all, matters.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/2/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/2/2" id="schedule-9-paragraph-2-2"><Pnumber>2</Pnumber><P2para><Text>In relation to an undertaking which does not have general meetings at which matters are decided by the exercise of voting rights, the references to holding a majority of the voting rights in the undertaking shall be construed as references to having the right under the constitution of the undertaking to direct the overall policy of the undertaking or to alter the terms of its constitution.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/crossheading/right-to-appoint-or-remove-a-majority-of-the-directors" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/crossheading/right-to-appoint-or-remove-a-majority-of-the-directors" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-9-crossheading-right-to-appoint-or-remove-a-majority-of-the-directors" RestrictStartDate="2008-04-06"><Title> Right to appoint or remove a majority of the directors</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/3" id="schedule-9-paragraph-3"><Pnumber>3</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/3/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/3/1" id="schedule-9-paragraph-3-1"><Pnumber>1</Pnumber><P2para><Text>In section 258(2)(b) the reference to the right to appoint or remove a majority of the board of directors is to the right to appoint or remove directors holding a majority of the voting rights at meetings of the board on all, or substantially all, matters.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/3/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/3/2" id="schedule-9-paragraph-3-2"><Pnumber>2</Pnumber><P2para><Text>An undertaking shall be treated as having the right to appoint to a directorship if—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/3/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/3/2/a" id="schedule-9-paragraph-3-2-a"><Pnumber>a</Pnumber><P3para><Text>a person’s appointment to it follows necessarily from his appointment as director of the undertaking, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/3/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/3/2/b" id="schedule-9-paragraph-3-2-b"><Pnumber>b</Pnumber><P3para><Text>the directorship is held by the undertaking itself.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/3/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/3/3" id="schedule-9-paragraph-3-3"><Pnumber>3</Pnumber><P2para><Text>A right to appoint or remove which is exercisable only with the consent or concurrence of another person shall be left out of account unless no other person has a right to appoint or, as the case may be, remove in relation to that directorship.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/crossheading/right-to-exercise-dominant-influence" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/crossheading/right-to-exercise-dominant-influence" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-9-crossheading-right-to-exercise-dominant-influence" RestrictStartDate="2008-04-06"><Title> Right to exercise dominant influence</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/4" id="schedule-9-paragraph-4"><Pnumber>4</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/4/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/4/1" id="schedule-9-paragraph-4-1"><Pnumber>1</Pnumber><P2para><Text>For the purposes of section 258(2)(c) an undertaking shall not be regarded as having the right to exercise a dominant influence over another undertaking unless it has a right to give directions with respect to the operating and financial policies of that other undertaking which its directors are obliged to comply with whether or not they are for the benefit of that other undertaking.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/4/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/4/2" id="schedule-9-paragraph-4-2"><Pnumber>2</Pnumber><P2para><Text>A “<Term id="term-control-contract">control contract</Term>” means a contract in writing conferring such a right which—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/4/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/4/2/a" id="schedule-9-paragraph-4-2-a"><Pnumber>a</Pnumber><P3para><Text>is of a kind authorised by the memorandum or articles of the undertaking in relation to which the right is exercisable, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/4/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/4/2/b" id="schedule-9-paragraph-4-2-b"><Pnumber>b</Pnumber><P3para><Text>is permitted by the law under which that undertaking is established.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/4/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/4/3" id="schedule-9-paragraph-4-3"><Pnumber>3</Pnumber><P2para><Text>This paragraph shall not be read as affecting the construction of the expression “<Term id="term-actually-exercises-a-dominant-influence">actually exercises a dominant influence</Term>” in section 258(4)(a).</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/crossheading/rights-exercisable-only-in-certain-circumstances-or-temporarily-incapable-of-exercise" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/crossheading/rights-exercisable-only-in-certain-circumstances-or-temporarily-incapable-of-exercise" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-9-crossheading-rights-exercisable-only-in-certain-circumstances-or-temporarily-incapable-of-exercise" RestrictStartDate="2008-04-06"><Title> Rights exercisable only in certain circumstances or temporarily incapable of exercise</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/5" id="schedule-9-paragraph-5"><Pnumber>5</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/5/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/5/1" id="schedule-9-paragraph-5-1"><Pnumber>1</Pnumber><P2para><Text>Rights which are exercisable only in certain circumstances shall be taken into account only—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/5/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/5/1/a" id="schedule-9-paragraph-5-1-a"><Pnumber>a</Pnumber><P3para><Text>when the circumstances have arisen, and for so long as they continue to obtain, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/5/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/5/1/b" id="schedule-9-paragraph-5-1-b"><Pnumber>b</Pnumber><P3para><Text>when the circumstances are within the control of the person having the rights.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/5/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/5/2" id="schedule-9-paragraph-5-2"><Pnumber>2</Pnumber><P2para><Text>Rights which are normally exercisable but are temporarily incapable of exercise shall continue to be taken into account.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/crossheading/rights-held-by-one-person-on-behalf-of-another" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/crossheading/rights-held-by-one-person-on-behalf-of-another" NumberOfProvisions="2" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-9-crossheading-rights-held-by-one-person-on-behalf-of-another" RestrictStartDate="2008-04-06"><Title> Rights held by one person on behalf of another</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/6" id="schedule-9-paragraph-6"><Pnumber>6</Pnumber><P1para><Text>Rights held by a person in a fiduciary capacity shall be treated as not held by him.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/7" id="schedule-9-paragraph-7"><Pnumber>7</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/7/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/7/1" id="schedule-9-paragraph-7-1"><Pnumber>1</Pnumber><P2para><Text>Rights held by a person as nominee for another shall be treated as held by the other.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/7/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/7/2" id="schedule-9-paragraph-7-2"><Pnumber>2</Pnumber><P2para><Text>Rights shall be regarded as held as nominee for another if they are exercisable only on his instructions or with his consent or concurrence.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/crossheading/rights-attached-to-shares-held-by-way-of-security" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/crossheading/rights-attached-to-shares-held-by-way-of-security" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-9-crossheading-rights-attached-to-shares-held-by-way-of-security" RestrictStartDate="2008-04-06"><Title> Rights attached to shares held by way of security</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/8" id="schedule-9-paragraph-8"><Pnumber>8</Pnumber><P1para><Text>Rights attached to shares held by way of security shall be treated as held by the person providing the security—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/8/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/8/a" id="schedule-9-paragraph-8-a"><Pnumber>a</Pnumber><P3para><Text>where apart from the right to exercise them for the purpose of preserving the value of the security, or of realising it, the rights are exercisable only in accordance with his instructions, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/8/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/8/b" id="schedule-9-paragraph-8-b"><Pnumber>b</Pnumber><P3para><Text>where the shares are held in connection with the granting of loans as part of normal business activities and apart from the right to exercise them for the purpose of preserving the value of the security, or of realising it, the rights are exercisable only in his interests.</Text></P3para></P3></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/crossheading/rights-attributed-to-parent-undertaking" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/crossheading/rights-attributed-to-parent-undertaking" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-9-crossheading-rights-attributed-to-parent-undertaking" RestrictStartDate="2008-04-06"><Title> Rights attributed to parent undertaking</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/9" id="schedule-9-paragraph-9"><Pnumber>9</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/9/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/9/1" id="schedule-9-paragraph-9-1"><Pnumber>1</Pnumber><P2para><Text>Rights shall be treated as held by a parent undertaking if they are held by any of its subsidiary undertakings.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/9/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/9/2" id="schedule-9-paragraph-9-2"><Pnumber>2</Pnumber><P2para><Text>Nothing in paragraph 7 or 8 shall be construed as requiring rights held by a parent undertaking to be treated as held by any of its subsidiary undertakings.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/9/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/9/3" id="schedule-9-paragraph-9-3"><Pnumber>3</Pnumber><P2para><Text>For the purposes of paragraph 8 rights shall be treated as being exercisable in accordance with the instructions or in the interests of an undertaking if they are exercisable in accordance with the instructions of or, as the case may be, in the interests of any group undertaking.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/crossheading/disregard-of-certain-rights" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/crossheading/disregard-of-certain-rights" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-9-crossheading-disregard-of-certain-rights" RestrictStartDate="2008-04-06"><Title> Disregard of certain rights</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/10" id="schedule-9-paragraph-10"><Pnumber>10</Pnumber><P1para><Text>The voting rights in an undertaking shall be reduced by any rights held by the undertaking itself.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/crossheading/supplementary" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/crossheading/supplementary" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-9-crossheading-supplementary" RestrictStartDate="2008-04-06"><Title> Supplementary</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/9/paragraph/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/9/paragraph/11" id="schedule-9-paragraph-11"><Pnumber>11</Pnumber><P1para><Text>References in any provision of paragraphs 6 to 10 to rights held by a person include rights falling to be treated as held by him by virtue of any other provision of those paragraphs but not rights which by virtue of any such provision are to be treated as not held by him.</Text></P1para></P1></P1group></Pblock></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10" NumberOfProvisions="40" id="schedule-10" RestrictStartDate="2013-03-22"><Number>SCHEDULE 10</Number><TitleBlock><Title> Amendments Consequential on Part I</Title></TitleBlock><Reference>Section 23.</Reference><ScheduleBody><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/I" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/I" NumberOfProvisions="24" id="schedule-10-part-I" RestrictStartDate="2009-10-01"><Number>Part I</Number><Title> Amendments of the Companies Act 1985</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/1" RestrictExtent="E+W+S+N.I." id="schedule-10-paragraph-1" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-3c50e7358b53024bfa11a72d912986ed"/>1</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/2" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06" id="schedule-10-paragraph-2"><Pnumber>2</Pnumber><P1para><Text><CommentaryRef Ref="c18770901"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/3" RestrictExtent="E+W+S+N.I." RestrictStartDate="2007-01-20" id="schedule-10-paragraph-3"><Pnumber>3</Pnumber><P1para><Text><CommentaryRef Ref="c18765631"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/4" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06" id="schedule-10-paragraph-4"><Pnumber>4</Pnumber><P1para><Text><CommentaryRef Ref="c18770921"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/5" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06" id="schedule-10-paragraph-5"><Pnumber>5</Pnumber><P1para><Text><CommentaryRef Ref="c18770931"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/6" RestrictExtent="E+W+S+N.I." RestrictStartDate="2007-01-20" id="schedule-10-paragraph-6"><Pnumber>6</Pnumber><P1para><Text><CommentaryRef Ref="c18765641"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/7" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06" id="schedule-10-paragraph-7"><Pnumber>7</Pnumber><P1para><Text><CommentaryRef Ref="c18770951"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/8" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06" id="schedule-10-paragraph-8"><Pnumber>8</Pnumber><P1para><Text><CommentaryRef Ref="c18770961"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/9" RestrictExtent="E+W+S+N.I." id="schedule-10-paragraph-9" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-9875d8da4bd7fc3245b7397f87abf8ce"/>9</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/10" RestrictExtent="E+W+S+N.I." RestrictStartDate="2007-10-01" id="schedule-10-paragraph-10"><Pnumber>10</Pnumber><P1para><Text><CommentaryRef Ref="c18770981"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/11" RestrictExtent="E+W+S" RestrictStartDate="1994-02-28" id="schedule-10-paragraph-11"><Pnumber><CommentaryRef Ref="c13697921"/>11</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/12" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/12" RestrictExtent="E+W+S+N.I." id="schedule-10-paragraph-12" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-b04e101381309bb8051a20b83248523c"/>12</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/13" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/13" RestrictExtent="E+W+S+N.I." ConfersPower="true" id="schedule-10-paragraph-13" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-e0438212babeed2937dd0175c4546af8"/>13</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/14" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/14" RestrictExtent="E+W+S+N.I." RestrictStartDate="2007-01-20" id="schedule-10-paragraph-14"><Pnumber>14</Pnumber><P1para><Text><CommentaryRef Ref="c18765651"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/15" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/15" RestrictExtent="E+W+S+N.I." id="schedule-10-paragraph-15" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-0473ba9f062775697b8bfb76c32455d7"/>15</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/16" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/16" RestrictExtent="E+W+S+N.I." id="schedule-10-paragraph-16" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-8335970c9f8e2c828bc23372160f8adc"/>16</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/17" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/17" RestrictExtent="E+W+S+N.I." id="schedule-10-paragraph-17" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-3f816141042d406df93771e552b0c1b1"/>17</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/18" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/18" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01" id="schedule-10-paragraph-18"><Pnumber><CommentaryRef Ref="key-f31efba66b21ef6ca88af3b7671c25c9"/>18</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/19" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/19" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06" id="schedule-10-paragraph-19"><Pnumber>19</Pnumber><P1para><Text><CommentaryRef Ref="c18771071"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/20" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/20" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06" id="schedule-10-paragraph-20"><Pnumber>20</Pnumber><P1para><Text><CommentaryRef Ref="c18771081"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/21" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/21" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06" id="schedule-10-paragraph-21"><Pnumber>21</Pnumber><P1para><Text><CommentaryRef Ref="c18771091"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/22" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/22" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06" id="schedule-10-paragraph-22"><Pnumber>22</Pnumber><P1para><Text><CommentaryRef Ref="c18771101"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/23" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/23" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06" id="schedule-10-paragraph-23"><Pnumber>23</Pnumber><P1para><Text><CommentaryRef Ref="c18771111"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/24" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/24" RestrictExtent="E+W+S+N.I." id="schedule-10-paragraph-24" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-e1497930ea885ba095681d486b7ac754"/>24</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/II" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/II" NumberOfProvisions="16" id="schedule-10-part-II" RestrictStartDate="2013-03-22"><Number>Part II</Number><Title> Amendments of Other Enactments</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/II/crossheading/betting-gaming-and-lotteries-act-1963-c2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/II/crossheading/betting-gaming-and-lotteries-act-1963-c2" NumberOfProvisions="1" id="schedule-10-part-II-crossheading-betting-gaming-and-lotteries-act-1963-c2" RestrictStartDate="2013-03-22"><Title> Betting, Gaming and Lotteries Act 1963 (c.2)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/25" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/25" RestrictExtent="E+W+S+N.I." RestrictStartDate="2007-09-01" id="schedule-10-paragraph-25"><Pnumber>25</Pnumber><P1para><Text><CommentaryRef Ref="c18763441"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/II/crossheading/harbours-act-1964-c40" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/II/crossheading/harbours-act-1964-c40" NumberOfProvisions="1" id="schedule-10-part-II-crossheading-harbours-act-1964-c40" RestrictStartDate="2013-03-22"><Title> Harbours Act 1964 (c.40)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/26" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/26" id="schedule-10-paragraph-26" RestrictStartDate="2013-03-22"><Pnumber>26</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/26/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/26/1" id="schedule-10-paragraph-26-1"><Pnumber>1</Pnumber><P2para><Text>Section 42 of the Harbours Act 1964 (accounts and reports of statutory harbour undertakers) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/26/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/26/2" id="schedule-10-paragraph-26-2"><Pnumber>2</Pnumber><P2para><Text>For subsection (2) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>2</Pnumber><P2para><Text>Where a statutory harbour undertaker is a parent undertaking with subsidiary undertakings which carry on harbour activities or any associated activities, then, it shall be the duty of the company also to prepare group accounts relating to the harbour activities and associated activities carried on by it and its subsidiary undertakings.</Text></P2para></P2></BlockAmendment></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/26/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/26/3" id="schedule-10-paragraph-26-3"><Pnumber>3</Pnumber><P2para><Text>In subsection (6)

					(application of provisions of the <CommentaryRef Ref="c13697931"/>Companies Act 1985)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/26/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/26/3/a" id="schedule-10-paragraph-26-3-a"><Pnumber>a</Pnumber><P3para><Text>in paragraph (a) for  “company accounts” substitute <InlineAmendment>“
                          individual company accounts
                        ”</InlineAmendment>;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/26/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/26/3/b" id="schedule-10-paragraph-26-3-b"><Pnumber>b</Pnumber><P3para><Text>in paragraph (c) omit the words  “required to be attached to a company’s balance sheet”.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/26/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/26/4" id="schedule-10-paragraph-26-4"><Pnumber>4</Pnumber><P2para><Text>In subsection (9), for the definition of  “holding company” and  “subsidiary” substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P3para><Text>“<Term>parent undertaking</Term>” and “<Term>subsidiary undertaking</Term>” have the same meaning as in Part VII of the Companies Act 1985;</Text></P3para></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/II/crossheading/coal-industry-act-1971-c16" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/II/crossheading/coal-industry-act-1971-c16" NumberOfProvisions="1" id="schedule-10-part-II-crossheading-coal-industry-act-1971-c16" RestrictStartDate="2013-03-22"><Title> Coal Industry Act 1971 (c.16)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/27" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/27" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-03-27" id="schedule-10-paragraph-27"><Pnumber>27</Pnumber><P1para><Text><CommentaryRef Ref="c18717431"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/II/crossheading/aircraft-and-shipbuilding-industries-act-1977-c3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/II/crossheading/aircraft-and-shipbuilding-industries-act-1977-c3" NumberOfProvisions="1" id="schedule-10-part-II-crossheading-aircraft-and-shipbuilding-industries-act-1977-c3" RestrictStartDate="2013-03-22"><Title> Aircraft and Shipbuilding Industries Act 1977 (c.3)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/28" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/28" id="schedule-10-paragraph-28" RestrictExtent="E+W+S+N.I." RestrictStartDate="2013-03-22"><Pnumber><CommentaryRef Ref="key-2a8885c5b892f1e087260139a7b9a748"/>28</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/II/crossheading/crown-agents-act-1979-c43" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/II/crossheading/crown-agents-act-1979-c43" NumberOfProvisions="1" id="schedule-10-part-II-crossheading-crown-agents-act-1979-c43" RestrictStartDate="2013-03-22"><Title> Crown Agents Act 1979 (c.43)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/29" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/29" RestrictExtent="E+W+S+N.I." RestrictStartDate="1997-03-21" id="schedule-10-paragraph-29"><Pnumber><CommentaryRef Ref="c13697951"/>29</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/II/crossheading/british-telecommunications-act-1981-c38" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/II/crossheading/british-telecommunications-act-1981-c38" NumberOfProvisions="1" id="schedule-10-part-II-crossheading-british-telecommunications-act-1981-c38" RestrictStartDate="2013-03-22"><Title> British Telecommunications Act 1981 (c.38)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/30" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/30" RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-03-26" id="schedule-10-paragraph-30"><Pnumber><CommentaryRef Ref="c13697961"/>30</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/II/crossheading/transport-act-1981-c56" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/II/crossheading/transport-act-1981-c56" NumberOfProvisions="1" id="schedule-10-part-II-crossheading-transport-act-1981-c56" RestrictStartDate="2013-03-22"><Title> Transport Act 1981 (c.56)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/31" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/31" id="schedule-10-paragraph-31" RestrictStartDate="2013-03-22"><Pnumber>31</Pnumber><P1para><Text>In section 11(4) of the Transport Act 1981, for  “section 235” substitute <InlineAmendment>“
                  section 234
                ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/II/crossheading/iron-and-steel-act-1982-c25" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/II/crossheading/iron-and-steel-act-1982-c25" NumberOfProvisions="1" id="schedule-10-part-II-crossheading-iron-and-steel-act-1982-c25" RestrictStartDate="2013-03-22"><Title> Iron and Steel Act 1982 (c.25)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/32" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/32" id="schedule-10-paragraph-32" RestrictStartDate="2013-03-22"><Pnumber>32</Pnumber><P1para><Text>In section 24(5) of the Iron and Steel Act 1982 (meaning of  “directors’ report”) for the words from  “which, under section 235” to the end substitute <InlineAmendment>“
                  which is required to be prepared under section 234 of the Companies Act 1985
                ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/II/crossheading/oil-and-pipelines-act-1985-c62" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/II/crossheading/oil-and-pipelines-act-1985-c62" NumberOfProvisions="1" id="schedule-10-part-II-crossheading-oil-and-pipelines-act-1985-c62" RestrictStartDate="2013-03-22"><Title> Oil and Pipelines Act 1985 (c.62)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/33" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/33" id="schedule-10-paragraph-33" RestrictStartDate="2013-03-22"><Pnumber>33</Pnumber><P1para><Text>In Schedule 3 to the Oil and Pipelines Act 1985 (Oil and Pipelines Agency: financial and other provisions), in paragraph 9(2)

			(duty to prepare consolidated accounts) for  “subsidiaries”

			(three times) substitute <InlineAmendment>“
                  subsidiary undertakings
                ”</InlineAmendment>, and at the end of that sub-paragraph add—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P2para><Text>In this sub-paragraph  “subsidiary undertaking” has the same meaning as in Part VII of the Companies Act 1985.</Text></P2para></BlockAmendment><AppendText>.</AppendText></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/II/crossheading/patents-designs-and-marks-act-1986-c39" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/II/crossheading/patents-designs-and-marks-act-1986-c39" NumberOfProvisions="1" id="schedule-10-part-II-crossheading-patents-designs-and-marks-act-1986-c39" RestrictStartDate="2013-03-22"><Title> Patents, Designs and Marks Act 1986 (c.39)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/34" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/34" id="schedule-10-paragraph-34" RestrictStartDate="2013-03-22"><Pnumber>34</Pnumber><P1para><Text>In Schedule 2 to the Patents, Designs and Marks Act 1986 (service marks), in paragraph 1(2)

			(provisions in which reference to trade mark includes service mark) for sub-paragraph (ii) substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="schedule" Format="default"><P4><Pnumber>ii</Pnumber><P4para><Text>Part I of Schedule 4 and paragraphs 5(2)(d) and 10(1)(b) and (2) of Schedule 9 (form of company balance sheets); and</Text></P4para></P4></BlockAmendment><AppendText>.</AppendText></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/II/crossheading/company-directors-disqualification-act-1986-c46" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/II/crossheading/company-directors-disqualification-act-1986-c46" NumberOfProvisions="2" id="schedule-10-part-II-crossheading-company-directors-disqualification-act-1986-c46" RestrictStartDate="2013-03-22"><Title> Company Directors Disqualification Act 1986 (c.46)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/35" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/35" id="schedule-10-paragraph-35" RestrictStartDate="2013-03-22"><Pnumber>35</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/35/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/35/1" id="schedule-10-paragraph-35-1"><Pnumber>1</Pnumber><P2para><Text>The Company Directors Disqualification Act 1986 is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/35/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/35/2" id="schedule-10-paragraph-35-2"><Pnumber>2</Pnumber><P2para><Text>In section 3(3)(b)

					(default orders)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/35/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/35/2/a" id="schedule-10-paragraph-35-2-a"><Pnumber>a</Pnumber><P3para><Text>in sub-paragraph (i) for  “section 244” substitute <InlineAmendment>“
                          section 242(4)
                        ”</InlineAmendment>, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/35/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/35/2/b" id="schedule-10-paragraph-35-2-b"><Pnumber>b</Pnumber><P3para><Text>after that sub-paragraph insert—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P4><Pnumber>ia</Pnumber><P4para><Text>section 245B of that Act (order requiring preparation of revised accounts),</Text></P4para></P4></BlockAmendment><AppendText>.</AppendText></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/35/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/35/3" id="schedule-10-paragraph-35-3"><Pnumber>3</Pnumber><P2para><Text>In Schedule 1, for paragraph 5 substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="schedule" Format="default"><P1><Pnumber>5</Pnumber><P1para><Text>The extent of the director’s responsibility for any failure by the directors of the company to comply with—</Text><P3><Pnumber>a</Pnumber><P3para><Text>section 226 or 227 of the Companies Act (duty to prepare annual accounts), or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>section 233 of that Act (approval and signature of accounts).</Text></P3para></P3></P1para></P1></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/II/crossheading/financial-services-act-1986-c60" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/II/crossheading/financial-services-act-1986-c60" NumberOfProvisions="1" id="schedule-10-part-II-crossheading-financial-services-act-1986-c60" RestrictStartDate="2013-03-22"><Title> Financial Services Act 1986 (c.60)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/36" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/36" RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01" id="schedule-10-paragraph-36"><Pnumber><CommentaryRef Ref="c13697971"/>36</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/II/crossheading/banking-act-1987-c22" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/II/crossheading/banking-act-1987-c22" NumberOfProvisions="1" id="schedule-10-part-II-crossheading-banking-act-1987-c22" RestrictStartDate="2013-03-22"><Title> Banking Act 1987 (c.22)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/37" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/37" RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01" id="schedule-10-paragraph-37"><Pnumber><CommentaryRef Ref="c13697981"/>37</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/II/crossheading/income-and-corporation-taxes-act-1988-c1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/II/crossheading/income-and-corporation-taxes-act-1988-c1" NumberOfProvisions="1" id="schedule-10-part-II-crossheading-income-and-corporation-taxes-act-1988-c1" RestrictStartDate="2013-03-22"><Title> Income and Corporation Taxes Act 1988 (c.1)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/38" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/38" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-07-22" id="schedule-10-paragraph-38"><Pnumber>38</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/38/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/38/1" id="schedule-10-paragraph-38-1"><Pnumber>1</Pnumber><P2para><Text>The Income and Corporation Taxes Act 1988 is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/38/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/38/2" id="schedule-10-paragraph-38-2"><Pnumber><Addition ChangeId="d29p13250" CommentaryRef="c13698001">2</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p13250" CommentaryRef="c13698001">In section 180 (annual return of registered profit-related pay scheme), in subsection (3) for   “section 242(3)” substitute </Addition><InlineAmendment><Addition ChangeId="d29p13250" CommentaryRef="c13698001">“
                      section 244(3)
                    ”</Addition></InlineAmendment><Addition ChangeId="d29p13250" CommentaryRef="c13698001">.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/38/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/38/3" id="schedule-10-paragraph-38-3"><Pnumber>3</Pnumber><P2para><Text><CommentaryRef Ref="c18756671"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/part/II/crossheading/dartfordthurrock-crossing-act-1988-c20" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/part/II/crossheading/dartfordthurrock-crossing-act-1988-c20" NumberOfProvisions="1" id="schedule-10-part-II-crossheading-dartfordthurrock-crossing-act-1988-c20" RestrictStartDate="2013-03-22"><Title> Dartford–Thurrock Crossing Act 1988 (c.20)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/39" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/10/paragraph/39" id="schedule-10-paragraph-39" RestrictStartDate="2013-03-22"><Pnumber>39</Pnumber><P1para><Text>In section 33 of the Dartford–Thurrock Crossing Act 1988 (duty to lay before Parliament copies of accounts of persons appointed to levy tolls), for subsection (2) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>2</Pnumber><P2para><Text>In relation to a company “<Term>accounts</Term>” in subsection (1) means the company’s annual accounts for a financial year, together with the relevant directors’ report and the auditors’ report on those accounts.</Text></P2para><P2para><Text>Expressions used in this subsection have the same meaning as in Part VII of the Companies Act 1985.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P1para></P1></Pblock></Part></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11" NumberOfProvisions="24" id="schedule-11" RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Number><CommentaryRef Ref="c18770741"/><CommentaryRef Ref="c18770741"/>SCHEDULE 11</Number><ScheduleBody><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/I" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/I" NumberOfProvisions="3" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-I" RestrictStartDate="2008-04-06"><Number>Part I</Number><Title> Grant and Revocation of Recognition</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/I/crossheading/application-for-recognition-of-supervisory-body" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/I/crossheading/application-for-recognition-of-supervisory-body" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-I-crossheading-application-for-recognition-of-supervisory-body" RestrictStartDate="2008-04-06"><Title> Application for recognition of supervisory body</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/1" id="schedule-11-paragraph-1"><Pnumber>1</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/1/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/1/1" id="schedule-11-paragraph-1-1"><Pnumber>1</Pnumber><P2para><Text>A supervisory body may apply to the Secretary of State for an order declaring it to be a recognised supervisory body for the purposes of this Part of this Act.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/1/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/1/2" id="schedule-11-paragraph-1-2"><Pnumber>2</Pnumber><P2para><Text>Any such application—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/1/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/1/2/a" id="schedule-11-paragraph-1-2-a"><Pnumber>a</Pnumber><P3para><Text>shall be made in such manner as the Secretary of State may direct, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/1/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/1/2/b" id="schedule-11-paragraph-1-2-b"><Pnumber>b</Pnumber><P3para><Text>shall be accompanied by such information as the Secretary of State may reasonably require for the purpose of determining the application.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/1/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/1/3" id="schedule-11-paragraph-1-3"><Pnumber>3</Pnumber><P2para><Text>At any time after receiving an application and before determining it the Secretary of State may require the applicant to furnish additional information.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/1/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/1/4" id="schedule-11-paragraph-1-4"><Pnumber>4</Pnumber><P2para><Text>The directions and requirements given or imposed under sub-paragraphs (2) and (3) may differ as between different applications.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/1/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/1/5" id="schedule-11-paragraph-1-5"><Pnumber>5</Pnumber><P2para><Text>Any information to be furnished to the Secretary of State under this paragraph shall, if he so requires, be in such form or verified in such manner as he may specify.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/1/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/1/6" id="schedule-11-paragraph-1-6"><Pnumber>6</Pnumber><P2para><Text>Every application shall be accompanied by a copy of the applicant’s rules and of any guidance issued by the applicant which is intended to have continuing effect and is issued in writing or other legible form.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/I/crossheading/grant-and-refusal-of-recognition" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/I/crossheading/grant-and-refusal-of-recognition" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-I-crossheading-grant-and-refusal-of-recognition" RestrictStartDate="2008-04-06"><Title> Grant and refusal of recognition</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/2" id="schedule-11-paragraph-2"><Pnumber>2</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/2/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/2/1" id="schedule-11-paragraph-2-1"><Pnumber>1</Pnumber><P2para><Text>The Secretary of State may, on an application duly made in accordance with paragraph 1 and after being furnished with all such information as he may require under that paragraph, make or refuse to make an order (a “recognition order”) declaring the applicant to be a recognised supervisory body for the purposes of this Part of this Act.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/2/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/2/2" id="schedule-11-paragraph-2-2"><Pnumber>2</Pnumber><P2para><Text>The Secretary of State shall not make a recognition order unless it appears to him, from the information furnished by the body and having regard to any other information in his possession, that the requirements of Part II of this Schedule are satisfied as respects that body.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/2/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/2/3" id="schedule-11-paragraph-2-3"><Pnumber>3</Pnumber><P2para><Text>The Secretary of State may refuse to make a recognition order in respect of a body if he considers that its recognition is unnecessary having regard to the existence of one or more other bodies which maintain and enforce rules as to the appointment and conduct of company auditors and which have been or are likely to be recognised.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/2/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/2/4" id="schedule-11-paragraph-2-4"><Pnumber>4</Pnumber><P2para><Text>Where the Secretary of State refuses an application for a recognition order he shall give the applicant a written notice to that effect specifying which requirements in the opinion of the Secretary of State are not satisfied or stating that the application is refused on the ground mentioned in sub-paragraph (3).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/2/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/2/5" id="schedule-11-paragraph-2-5"><Pnumber>5</Pnumber><P2para><Text>A recognition order shall state the date on which it takes effect.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/I/crossheading/revocation-of-recognition" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/I/crossheading/revocation-of-recognition" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-I-crossheading-revocation-of-recognition" RestrictStartDate="2008-04-06"><Title> Revocation of Recognition</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/3" id="schedule-11-paragraph-3"><Pnumber>3</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/3/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/3/1" id="schedule-11-paragraph-3-1"><Pnumber>1</Pnumber><P2para><Text>A recognition order may be revoked by a further order made by the Secretary of State if at any time it appears to him—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/3/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/3/1/a" id="schedule-11-paragraph-3-1-a"><Pnumber>a</Pnumber><P3para><Text>that any requirement of Part II of this Schedule is not satisfied in the case of the body to which the recognition order relates (“<Term id="term-the-recognised-body">the recognised body</Term>”),</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/3/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/3/1/b" id="schedule-11-paragraph-3-1-b"><Pnumber>b</Pnumber><P3para><Text>that the recognised body has failed to comply with any obligation to which it is subject by virtue of this Part of this Act, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/3/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/3/1/c" id="schedule-11-paragraph-3-1-c"><Pnumber>c</Pnumber><P3para><Text>that the continued recognition of the body is undesirable having regard to the existence of one or more other bodies which have been or are to be recognised.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/3/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/3/2" id="schedule-11-paragraph-3-2"><Pnumber>2</Pnumber><P2para><Text>An order revoking a recognition order shall state the date on which it takes effect and that date shall not be earlier than three months after the day on which the revocation order is made.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/3/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/3/3" id="schedule-11-paragraph-3-3"><Pnumber>3</Pnumber><P2para><Text>Before revoking a recognition order the Secretary of State shall give written notice of his intention to do so to the recognised body, take such steps as he considers reasonably practicable for bringing the notice to the attention of members of the body and publish it in such manner as he thinks appropriate for bringing it to the attention of any other persons who are in his opinion likely to be affected.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/3/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/3/4" id="schedule-11-paragraph-3-4"><Pnumber>4</Pnumber><P2para><Text>A notice under sub-paragraph (3) shall state the reasons for which the Secretary of State proposes to act and give particulars of the rights conferred by sub-paragraph (5).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/3/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/3/5" id="schedule-11-paragraph-3-5"><Pnumber>5</Pnumber><P2para><Text>A body on which a notice is served under sub-paragraph (3), any member of the body and any other person who appears to the Secretary of State to be affected may within three months after the date of service or publication, or within such longer time as the Secretary of State may allow, make written representations to the Secretary of State and, if desired, oral representations to a person appointed for that purpose by the Secretary of State; and the Secretary of State shall have regard to any representations made in accordance with this sub-paragraph in determining whether to revoke the recognition order.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/3/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/3/6" id="schedule-11-paragraph-3-6"><Pnumber>6</Pnumber><P2para><Text>If in any case the Secretary of State considers it essential to do so in the public interest he may revoke a recognition order without regard to the restriction imposed by sub-paragraph (2) and notwithstanding that no notice has been given or published under sub-paragraph (3) or that the time for making representations in pursuance of such a notice has not expired.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/3/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/3/7" id="schedule-11-paragraph-3-7"><Pnumber>7</Pnumber><P2para><Text>An order revoking a recognition order may contain such transitional provisions as the Secretary of State thinks necessary or expedient.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/3/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/3/8" id="schedule-11-paragraph-3-8"><Pnumber>8</Pnumber><P2para><Text>A recognition order may be revoked at the request or with the consent of the recognised body and any such revocation shall not be subject to the restrictions imposed by sub-paragraphs (1) and (2) or the requirements of sub-paragraphs (3) to (5).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/3/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/3/9" id="schedule-11-paragraph-3-9"><Pnumber>9</Pnumber><P2para><Text>On making an order revoking a recognition order the Secretary of State shall give the body written notice of the making of the order, take such steps as he considers reasonably practicable for bringing the making of the order to the attention of members of the body and publish a notice of the making of the order in such manner as he thinks appropriate for bringing it to the attention of any other persons who are in his opinion likely to be affected.</Text></P2para></P2></P1para></P1></P1group></Pblock></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/II" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/II" NumberOfProvisions="15" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-II" RestrictStartDate="2005-04-06"><Number>
        
        <CommentaryRef Ref="c13698021"/><CommentaryRef Ref="c18763341"/>Part II</Number><Title> Requirements for Recognition</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/II/crossheading/holding-of-appropriate-qualification" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/II/crossheading/holding-of-appropriate-qualification" NumberOfProvisions="2" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-II-crossheading-holding-of-appropriate-qualification" RestrictStartDate="2005-04-06"><Title> Holding of appropriate qualification</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/4" id="schedule-11-paragraph-4"><Pnumber>4</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/4/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/4/1" id="schedule-11-paragraph-4-1"><Pnumber>1</Pnumber><P2para><Text>The body must have rules to the effect that a person is not eligible for appointment as a company auditor unless—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/4/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/4/1/a" id="schedule-11-paragraph-4-1-a"><Pnumber>a</Pnumber><P3para><Text>in the case of an individual, he holds an appropriate qualification;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/4/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/4/1/b" id="schedule-11-paragraph-4-1-b"><Pnumber>b</Pnumber><P3para><Text>in the case of a firm—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/4/1/b/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/4/1/b/i" id="schedule-11-paragraph-4-1-b-i"><Pnumber>i</Pnumber><P4para><Text>the individuals responsible for company audit work on behalf of the firm hold an appropriate qualification, and</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/4/1/b/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/4/1/b/ii" id="schedule-11-paragraph-4-1-b-ii"><Pnumber>ii</Pnumber><P4para><Text>the firm is controlled by qualified persons (see paragraph 5 below).</Text></P4para></P4></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/4/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/4/2" id="schedule-11-paragraph-4-2"><Pnumber>2</Pnumber><P2para><Text>This does not prevent the body from imposing more stringent requirements.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/4/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/4/3" id="schedule-11-paragraph-4-3"><Pnumber>3</Pnumber><P2para><Text>A firm which has ceased to comply with the conditions mentioned in sub-paragraph (1)(b) may be permitted to remain eligible for appointment as a company auditor for a period of not more than three months.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/5" id="schedule-11-paragraph-5"><Pnumber>5</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/5/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/5/1" id="schedule-11-paragraph-5-1"><Pnumber>1</Pnumber><P2para><Text>The following provisions explain what is meant in paragraph 4(1)(b)(ii) by a firm being “<Term id="term-controlled-by-qualified-persons">controlled by qualified persons</Term>”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/5/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/5/2" id="schedule-11-paragraph-5-2"><Pnumber>2</Pnumber><P2para><Text>For this purpose references to a person being qualified are, in relation to an individual, to his holding an appropriate qualification, and in relation to a firm, to its being eligible for appointment as a company auditor.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/5/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/5/3" id="schedule-11-paragraph-5-3"><Pnumber>3</Pnumber><P2para><Text>A firm shall be treated as controlled by qualified persons if, and only if—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/5/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/5/3/a" id="schedule-11-paragraph-5-3-a"><Pnumber>a</Pnumber><P3para><Text>a majority of the members of the firm are qualified persons, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/5/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/5/3/b" id="schedule-11-paragraph-5-3-b"><Pnumber>b</Pnumber><P3para><Text>where the firm’s affairs are managed by a board of directors, committee or other management body, a majority of the members of that body are qualified persons or, if the body consists of two persons only, at least one of them is a qualified person.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/5/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/5/4" id="schedule-11-paragraph-5-4"><Pnumber>4</Pnumber><P2para><Text>A majority of the members of a firm means—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/5/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/5/4/a" id="schedule-11-paragraph-5-4-a"><Pnumber>a</Pnumber><P3para><Text>where under the firm’s constitution matters are decided apon by the exercise of voting rights, members holding a majority of the rights to vote on all, or substantially all, matters;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/5/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/5/4/b" id="schedule-11-paragraph-5-4-b"><Pnumber>b</Pnumber><P3para><Text>in any other case, members having such rights under the constitution of the firm as enable them to direct its overall policy or alter its constitution.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/5/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/5/5" id="schedule-11-paragraph-5-5"><Pnumber>5</Pnumber><P2para><Text>A majority of the members of the management body of a firm means—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/5/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/5/5/a" id="schedule-11-paragraph-5-5-a"><Pnumber>a</Pnumber><P3para><Text>where matters are decided at meetings of the management body by the exercise of voting rights, members holding a majority of the rights to vote on all, or substantially all, matters at such meetings;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/5/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/5/5/b" id="schedule-11-paragraph-5-5-b"><Pnumber>b</Pnumber><P3para><Text>in any other case, members having such rights under the constitution of the firm as enable them to direct its overall policy or alter its constitution.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/5/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/5/6" id="schedule-11-paragraph-5-6"><Pnumber>6</Pnumber><P2para><Text>The provisions of paragraphs 5 to 11 of Schedule 10A to the Companies Act 1985 (rights to be taken into account and attribution of rights) apply for the purposes of this paragraph.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/II/crossheading/auditors-to-be-fit-and-proper-persons" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/II/crossheading/auditors-to-be-fit-and-proper-persons" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-II-crossheading-auditors-to-be-fit-and-proper-persons" RestrictStartDate="2005-04-06"><Title> Auditors to be fit and proper persons</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/6" id="schedule-11-paragraph-6"><Pnumber>6</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/6/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/6/1" id="schedule-11-paragraph-6-1"><Pnumber>1</Pnumber><P2para><Text>The body must have adequate rules and practices designed to ensure that the persons eligible under its rules for appointment as a company auditor are fit and proper persons to be so appointed.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/6/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/6/2" id="schedule-11-paragraph-6-2"><Pnumber>2</Pnumber><P2para><Text>The matters which the body may take into account for this purpose in relation to a person must include—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/6/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/6/2/a" id="schedule-11-paragraph-6-2-a"><Pnumber>a</Pnumber><P3para><Text>any matter relating to any person who is or will be employed by or associated with him for the purposes of or in connection with company audit work; and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/6/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/6/2/b" id="schedule-11-paragraph-6-2-b"><Pnumber>b</Pnumber><P3para><Text>in the case of a body corporate, any matter relating to any director or controller of the body, to any other body corporate in the same group or to any director or controller of any such other body; and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/6/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/6/2/c" id="schedule-11-paragraph-6-2-c"><Pnumber>c</Pnumber><P3para><Text>in the case of a partnership, any matter relating to any of the partners, any director or controller of any of the partners, any body corporate in the same group as any of the partners and any director or controller of any such other body.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/6/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/6/3" id="schedule-11-paragraph-6-3"><Pnumber>3</Pnumber><P2para><Text>In sub-paragraph (2)(b) and (c) “<Term id="term-controller">controller</Term>”, in relation to a body corporate, means a person who either alone or with any associate or associates is entitled to exercise or control the exercise of 15 per cent. or more of the rights to vote on all, or substantially all, matters at general meetings of the body or another body corporate of which it is a subsidiary.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/II/crossheading/professional-integrity-and-independence" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/II/crossheading/professional-integrity-and-independence" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-II-crossheading-professional-integrity-and-independence" RestrictStartDate="2005-04-06"><Title> Professional integrity and independence</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/7" id="schedule-11-paragraph-7"><Pnumber>7</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/7/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/7/1" id="schedule-11-paragraph-7-1"><Pnumber>1</Pnumber><P2para><Text>The body must have adequate rules and practices designed to ensure—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/7/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/7/1/a" id="schedule-11-paragraph-7-1-a"><Pnumber>a</Pnumber><P3para><Text>that company audit work is conducted properly and with integrity, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/7/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/7/1/b" id="schedule-11-paragraph-7-1-b"><Pnumber>b</Pnumber><P3para><Text>that persons are not appointed company auditor in circumstances in which they have any interest likely to conflict with the proper conduct of the audit.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/7/1A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/7/1A" id="schedule-11-paragraph-7-1A"><Pnumber><Addition ChangeId="d29p124338" CommentaryRef="c18759561">1A</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p124338" CommentaryRef="c18759561">The body must participate in arrangements within paragraph 17, and the rules and practices mentioned in sub-paragraph (1) above must include provision requiring compliance with any standards for the time being determined under such arrangements.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/7/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/7/2" id="schedule-11-paragraph-7-2"><Pnumber>2</Pnumber><P2para><Text>The body must also have adequate rules and practices designed to ensure that no firm is eligible under its rules for appointment as a company auditor unless the firm has arrangements to prevent—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/7/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/7/2/a" id="schedule-11-paragraph-7-2-a"><Pnumber>a</Pnumber><P3para><Text>individuals who do not hold an appropriate qualification, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/7/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/7/2/b" id="schedule-11-paragraph-7-2-b"><Pnumber>b</Pnumber><P3para><Text>persons who are not members of the firm,</Text></P3para></P3><Text>from being able to exert any influence over the way in which an audit is conducted in circumstances in which that influence would be likely to affect the independence or integrity of the audit.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/II/crossheading/technical-standards" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/II/crossheading/technical-standards" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-II-crossheading-technical-standards" RestrictStartDate="2005-04-06"><Title> Technical standards</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/8" id="schedule-11-paragraph-8"><Pnumber>8</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/8/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/8/1" id="schedule-11-paragraph-8-1"><Pnumber><Addition ChangeId="d29p124397" CommentaryRef="c18759621">1</Addition></Pnumber><P2para><Text>The body must have rules and practices as to the technical standards to be applied in company audit work and as to the manner in which those standards are to be applied in practice.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/8/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/8/2" id="schedule-11-paragraph-8-2"><Pnumber><Addition ChangeId="d29p124404" CommentaryRef="c18759631">2</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p124404" CommentaryRef="c18759631">The body must participate in arrangements within paragraph 18, and the rules and practices mentioned in sub-paragraph (1) above must include provision requiring compliance with any standards for the time being determined under such arrangements.</Addition></Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/II/crossheading/procedures-for-maintaining-competence" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/II/crossheading/procedures-for-maintaining-competence" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-II-crossheading-procedures-for-maintaining-competence" RestrictStartDate="2005-04-06"><Title> Procedures for maintaining competence</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/9" id="schedule-11-paragraph-9"><Pnumber>9</Pnumber><P1para><Text>The body must have rules and practices designed to ensure that persons eligible under its rules for appointment as a company auditor continue to maintain an appropriate level of competence in the conduct of company audits.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/II/crossheading/monitoring-and-enforcement" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/II/crossheading/monitoring-and-enforcement" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-II-crossheading-monitoring-and-enforcement" RestrictStartDate="2005-04-06"><Title> Monitoring and enforcement</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/10" id="schedule-11-paragraph-10"><Pnumber>10</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/10/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/10/1" id="schedule-11-paragraph-10-1"><Pnumber>1</Pnumber><P2para><Text>The body must have adequate arrangements and resources for the effective monitoring and enforcement of compliance with its rules.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/10/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/10/2" id="schedule-11-paragraph-10-2"><Pnumber>2</Pnumber><P2para><Text>The arrangements for monitoring may make provision for that function to be performed on behalf of the body (and without affecting its responsibility) by any other body or person who is able and willing to perform it.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/II/crossheading/independent-monitoring-of-audits-of-listed-and-other-major-companies" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/II/crossheading/independent-monitoring-of-audits-of-listed-and-other-major-companies" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-II-crossheading-independent-monitoring-of-audits-of-listed-and-other-major-companies" RestrictStartDate="2005-04-06"><Title><Emphasis>Independent monitoring of audits of listed and other major companies</Emphasis></Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/10A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/10A" id="schedule-11-paragraph-10A"><Pnumber PuncAfter="">10A</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/10A/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/10A/1" id="schedule-11-paragraph-10A-1"><Pnumber>1</Pnumber><P2para><Text>The body must—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/10A/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/10A/1/a" id="schedule-11-paragraph-10A-1-a"><Pnumber>a</Pnumber><P3para><Text>participate in arrangements within paragraph 19(1), and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/10A/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/10A/1/b" id="schedule-11-paragraph-10A-1-b"><Pnumber>b</Pnumber><P3para><Text>have rules designed to ensure that members of the body who perform any company audit functions in respect of major audits take such steps as may be reasonably required of them to enable their performance of any such functions to be monitored by means of inspections carried out under the arrangements.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/10A/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/10A/2" id="schedule-11-paragraph-10A-2"><Pnumber>2</Pnumber><P2para><Text>Any monitoring of such persons under the arrangements is to be regarded (so far as their performance of company audit functions in respect of major audits is concerned) as monitoring of compliance with the body’s rules for the purposes of paragraph 10(1).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/10A/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/10A/3" id="schedule-11-paragraph-10A-3"><Pnumber>3</Pnumber><P2para><Text>In this paragraph  “<Term id="term-company-audit-function">company audit function</Term>” and  “<Term id="term-major-audit">major audit</Term>” have the same meaning as in paragraph 19.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/II/crossheading/membership-eligibility-and-discipline" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/II/crossheading/membership-eligibility-and-discipline" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-II-crossheading-membership-eligibility-and-discipline" RestrictStartDate="2005-04-06"><Title> Membership, eligibility and discipline</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/11" id="schedule-11-paragraph-11"><Pnumber>11</Pnumber><P1para><Text>The rules and practices of the body relating to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/11/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/11/a" id="schedule-11-paragraph-11-a"><Pnumber>a</Pnumber><P3para><Text>the admission and expulsion of members,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/11/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/11/b" id="schedule-11-paragraph-11-b"><Pnumber>b</Pnumber><P3para><Text>the grant and withdrawal of eligibility for appointment as a company auditor, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/11/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/11/c" id="schedule-11-paragraph-11-c"><Pnumber>c</Pnumber><P3para><Text>the discipline it exercises over its members,</Text></P3para></P3><Text>must be fair and reasonable and include adequate provision for appeals.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/II/crossheading/investigation-of-complaints" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/II/crossheading/investigation-of-complaints" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-II-crossheading-investigation-of-complaints" RestrictStartDate="2005-04-06"><Title> Investigation of complaints</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/12" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/12" id="schedule-11-paragraph-12"><Pnumber>12</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/12/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/12/1" id="schedule-11-paragraph-12-1"><Pnumber>1</Pnumber><P2para><Text>The body must have effective arrangements for the investigation of complaints—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/12/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/12/1/a" id="schedule-11-paragraph-12-1-a"><Pnumber>a</Pnumber><P3para><Text>against persons who are eligible under its rules to be appointed company auditor, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/12/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/12/1/b" id="schedule-11-paragraph-12-1-b"><Pnumber>b</Pnumber><P3para><Text>against the body in respect of matters arising out of its functions as a supervisory body.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/12/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/12/2" id="schedule-11-paragraph-12-2"><Pnumber>2</Pnumber><P2para><Text>The arrangements may make provision for the whole or part of that function to be performed by and to be the responsibility of a body or person independent of the body itself.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/II/crossheading/independent-investigation-for-disciplinary-purposes-of-public-interest-cases" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/II/crossheading/independent-investigation-for-disciplinary-purposes-of-public-interest-cases" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-II-crossheading-independent-investigation-for-disciplinary-purposes-of-public-interest-cases" RestrictStartDate="2005-04-06"><Title><Emphasis>Independent investigation for disciplinary purposes of public interest cases</Emphasis></Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/12A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/12A" id="schedule-11-paragraph-12A"><Pnumber PuncAfter="">12A</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/12A/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/12A/1" id="schedule-11-paragraph-12A-1"><Pnumber>1</Pnumber><P2para><Text>The body must—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/12A/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/12A/1/a" id="schedule-11-paragraph-12A-1-a"><Pnumber>a</Pnumber><P3para><Text>participate in arrangements within paragraph 20(1), and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/12A/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/12A/1/b" id="schedule-11-paragraph-12A-1-b"><Pnumber>b</Pnumber><P3para><Text>have rules and practices designed to ensure that, where the designated persons have decided that any particular disciplinary action should be taken against a member of the body following the conclusion of an investigation under such arrangements, that decision is to be treated as if it were a decision made by the body in disciplinary proceedings against the member.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/12A/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/12A/2" id="schedule-11-paragraph-12A-2"><Pnumber>2</Pnumber><P2para><Text>In sub-paragraph (1) “<Term id="term-the-designated-persons">the designated persons</Term>” means the persons who, under the arrangements, have the function of deciding whether (and, if so, what) disciplinary action should be taken against a member of the body in the light of an investigation carried out under the arrangements.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/II/crossheading/meeting-of-claims-arising-out-of-audit-work" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/II/crossheading/meeting-of-claims-arising-out-of-audit-work" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-II-crossheading-meeting-of-claims-arising-out-of-audit-work" RestrictStartDate="2005-04-06"><Title> Meeting of claims arising out of audit work</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/13" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/13" id="schedule-11-paragraph-13"><Pnumber>13</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/13/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/13/1" id="schedule-11-paragraph-13-1"><Pnumber>1</Pnumber><P2para><Text>The body must have adequate rules or arrangements designed to ensure that persons eligible under its rules for appointment as a company auditor take such steps as may reasonably be expected of them to secure that they are able to meet claims against them arising out of company audit work.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/13/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/13/2" id="schedule-11-paragraph-13-2"><Pnumber>2</Pnumber><P2para><Text>This may be achieved by professional indemnity insurance or other appropriate arrangements.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/II/crossheading/register-of-auditors-and-other-information-to-be-made-available" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/II/crossheading/register-of-auditors-and-other-information-to-be-made-available" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-II-crossheading-register-of-auditors-and-other-information-to-be-made-available" RestrictStartDate="2005-04-06"><Title> Register of auditors and other information to be made available</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/14" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/14" id="schedule-11-paragraph-14"><Pnumber>14</Pnumber><P1para><Text>The body must have rules requiring persons eligible under its rules for appointment as a company auditor to comply with any obligations imposed on them by regulations under section 35 or 36.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/II/crossheading/taking-account-of-costs-of-compliance" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/II/crossheading/taking-account-of-costs-of-compliance" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-II-crossheading-taking-account-of-costs-of-compliance" RestrictStartDate="2005-04-06"><Title> Taking account of costs of compliance</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/15" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/15" id="schedule-11-paragraph-15"><Pnumber>15</Pnumber><P1para><Text>The body must have satisfactory arrangements for taking account, in framing its rules, of the cost to those to whom the rules would apply of complying with those rules and any other controls to which they are subject.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/II/crossheading/promotion-and-maintenance-of-standards" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/II/crossheading/promotion-and-maintenance-of-standards" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-II-crossheading-promotion-and-maintenance-of-standards" RestrictStartDate="2005-04-06"><Title> Promotion and maintenance of standards</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/16" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/16" id="schedule-11-paragraph-16"><Pnumber>16</Pnumber><P1para><Text>The body must be able and willing to promote and maintain high standards of integrity in the conduct of company audit work and to co-operate, by the sharing of information and otherwise, with the Secretary of State and any other authority, body or person having responsibility in the United Kingdom for the qualification, supervision or regulation of auditors.</Text></P1para></P1></P1group></Pblock></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/part/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/part/3" NumberOfProvisions="6" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-11-part-3" RestrictStartDate="2005-04-06"><Number><Strong>Part 3</Strong></Number><Title>Arrangements in which supervisory bodies are required to participate</Title><P1group RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title>Arrangements for setting standards relating to professional integrity and independence</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/17" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/17" id="schedule-11-paragraph-17"><Pnumber PuncAfter="">17</Pnumber><P1para><Text>The arrangements referred to in paragraph 7(1A) are appropriate funded arrangements—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/17/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/17/a" id="schedule-11-paragraph-17-a"><Pnumber>a</Pnumber><P3para><Text>for the determining of standards for the purposes of the rules and practices mentioned in paragraph 7(1), and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/17/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/17/b" id="schedule-11-paragraph-17-b"><Pnumber>b</Pnumber><P3para><Text>for ensuring that the determination of those standards is done independently of the body.</Text></P3para></P3></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title>Arrangements for setting technical standards</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/18" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/18" id="schedule-11-paragraph-18"><Pnumber PuncAfter="">18</Pnumber><P1para><Text>The arrangements referred to in paragraph 8(2) are appropriate funded arrangements—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/18/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/18/a" id="schedule-11-paragraph-18-a"><Pnumber>a</Pnumber><P3para><Text>for the determining of standards for the purposes of the rules and practices mentioned in paragraph 8(1), and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/18/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/18/b" id="schedule-11-paragraph-18-b"><Pnumber>b</Pnumber><P3para><Text>for ensuring that the determination of those standards is done independently of the body.</Text></P3para></P3></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title>Arrangements for independent monitoring of audits of listed and other major companies</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/19" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/19" id="schedule-11-paragraph-19"><Pnumber PuncAfter="">19</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/19/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/19/1" id="schedule-11-paragraph-19-1"><Pnumber>1</Pnumber><P2para><Text>The arrangements referred to in paragraph 10A(1) are appropriate funded arrangements—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/19/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/19/1/a" id="schedule-11-paragraph-19-1-a"><Pnumber>a</Pnumber><P3para><Text>for enabling the performance by members of the body of company audit functions in respect of major audits to be monitored by means of inspections carried out under the arrangements, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/19/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/19/1/b" id="schedule-11-paragraph-19-1-b"><Pnumber>b</Pnumber><P3para><Text>for ensuring that the carrying out of such monitoring and inspections is done independently of the body.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/19/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/19/2" id="schedule-11-paragraph-19-2"><Pnumber>2</Pnumber><P2para><Text>In this paragraph—</Text></P2para></P2><UnorderedList Decoration="none" Class="Definition"><ListItem><Para><Text>“<Term id="term-company-audit-function">company audit function</Term>” means any function performed as a company auditor;</Text></Para></ListItem><ListItem><Para><Text>“<Term id="term-major-audit">major audit</Term>” means an audit conducted in respect of—</Text></Para><OrderedList Type="alpha" Decoration="parens"><ListItem NumberOverride="a"><Para><Text>a company any of whose securities have been admitted to the official list (within the meaning of Part 6 of the Financial Services and Markets Act 2000), or</Text></Para></ListItem><ListItem NumberOverride="b"><Para><Text>any other company in whose financial condition there is a major public interest.</Text></Para></ListItem></OrderedList></ListItem></UnorderedList></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title>Arrangements for independent investigation for disciplinary purposes of public interest cases</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/20" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/20" id="schedule-11-paragraph-20"><Pnumber PuncAfter="">20</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/20/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/20/1" id="schedule-11-paragraph-20-1"><Pnumber>1</Pnumber><P2para><Text>The arrangements referred to in paragraph 12A(1) are appropriate funded arrangements—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/20/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/20/1/a" id="schedule-11-paragraph-20-1-a"><Pnumber>a</Pnumber><P3para><Text>for the carrying out of investigations into public interest cases arising in connection with the performance of company audit functions by members of the body,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/20/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/20/1/b" id="schedule-11-paragraph-20-1-b"><Pnumber>b</Pnumber><P3para><Text>for the holding of disciplinary hearings relating to members of the body which appear to be desirable following the conclusion of such investigations,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/20/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/20/1/c" id="schedule-11-paragraph-20-1-c"><Pnumber>c</Pnumber><P3para><Text>for requiring such hearings to be held in public except where the interests of justice otherwise require,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/20/1/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/20/1/d" id="schedule-11-paragraph-20-1-d"><Pnumber>d</Pnumber><P3para><Text>for the persons before whom such hearings have taken place to decide whether (and, if so, what) disciplinary action should be taken against the members to whom the hearings related, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/20/1/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/20/1/e" id="schedule-11-paragraph-20-1-e"><Pnumber>e</Pnumber><P3para><Text>for ensuring that the carrying out of those investigations, the holding of those hearings, and the taking of those decisions are done independently of the body.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/20/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/20/2" id="schedule-11-paragraph-20-2"><Pnumber>2</Pnumber><P2para><Text>In this paragraph—</Text></P2para></P2><UnorderedList Decoration="none" Class="Definition"><ListItem><Para><Text>“<Term id="term-company-audit-function">company audit function</Term>” means any function performed as a company auditor;</Text></Para></ListItem><ListItem><Para><Text>“<Term id="term-public-interest-cases">public interest cases</Term>” means matters which raise or appear to raise important issues affecting the public interest.</Text></Para></ListItem></UnorderedList></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title>Supplementary: arrangements to operate independently of body</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/21" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/21" id="schedule-11-paragraph-21"><Pnumber PuncAfter="">21</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/21/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/21/1" id="schedule-11-paragraph-21-1"><Pnumber>1</Pnumber><P2para><Text>This paragraph applies for the purposes of—</Text></P2para></P2><UnorderedList Decoration="none"><ListItem><Para><Text>paragraph 17(b),</Text></Para></ListItem><ListItem><Para><Text>paragraph 18(b),</Text></Para></ListItem><ListItem><Para><Text>paragraph 19(1)(b), or</Text></Para></ListItem><ListItem><Para><Text>paragraph 20(1)(e).</Text></Para></ListItem></UnorderedList><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/21/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/21/2" id="schedule-11-paragraph-21-2"><Pnumber>2</Pnumber><P2para><Text>Arrangements cannot be regarded as appropriate for the purpose of ensuring that the thing or things mentioned in that provision is or are done independently of the body unless they are designed to ensure that the body—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/21/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/21/2/a" id="schedule-11-paragraph-21-2-a"><Pnumber>a</Pnumber><P3para><Text>will have no involvement in the appointment or selection of any of the persons who are to be responsible for doing the thing or things in question, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/21/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/21/2/b" id="schedule-11-paragraph-21-2-b"><Pnumber>b</Pnumber><P3para><Text>will not otherwise be involved in the doing of that thing or those things.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/21/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/21/3" id="schedule-11-paragraph-21-3"><Pnumber>3</Pnumber><P2para><Text>Sub-paragraph (2) imposes a minimum requirement and does not preclude the possibility that additional criteria may need to be satisfied in order for the arrangements to be regarded as appropriate for the purpose in question.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-04-06"><Title>Supplementary:  “funded” arrangements etc.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/22" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/22" id="schedule-11-paragraph-22"><Pnumber PuncAfter="">22</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/22/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/22/1" id="schedule-11-paragraph-22-1"><Pnumber>1</Pnumber><P2para><Text>For the purposes of any of paragraphs 17, 18, 19 and 20, arrangements are  “<Term id="term-funded">funded</Term>”arrangements if, in the event of their providing for the payment of costs of maintaining the arrangements, such costs are to be paid by the body in accordance with the arrangements.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/11/paragraph/22/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/11/paragraph/22/2" id="schedule-11-paragraph-22-2"><Pnumber>2</Pnumber><P2para><Text>Arrangements can qualify as arrangements within any of paragraphs 17, 18, 19(1) and 20(1) even though the matters for which they provide are more extensive in any respect than those mentioned in that provision.</Text></P2para></P2></P1para></P1></P1group></Part></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12" NumberOfProvisions="9" id="schedule-12" RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Number><CommentaryRef Ref="c18770751"/><CommentaryRef Ref="c18770751"/>SCHEDULE 12</Number><ScheduleBody><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/part/I" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/part/I" NumberOfProvisions="3" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-12-part-I" RestrictStartDate="2008-04-06"><Number>Part I</Number><Title> Grant and Revocation of Recognition</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/part/I/crossheading/application-for-recognition-of-professional-qualification" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/part/I/crossheading/application-for-recognition-of-professional-qualification" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-12-part-I-crossheading-application-for-recognition-of-professional-qualification" RestrictStartDate="2008-04-06"><Title> Application for recognition of professional qualification</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/1" id="schedule-12-paragraph-1"><Pnumber>1</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/1/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/1/1" id="schedule-12-paragraph-1-1"><Pnumber>1</Pnumber><P2para><Text>A qualifying body may apply to the Secretary of State for an order declaring a qualification offered by it to be a recognised professional qualification for the purposes of this Part of this Act.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/1/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/1/2" id="schedule-12-paragraph-1-2"><Pnumber>2</Pnumber><P2para><Text>Any such application—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/1/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/1/2/a" id="schedule-12-paragraph-1-2-a"><Pnumber>a</Pnumber><P3para><Text>shall be made in such manner as the Secretary of State may direct, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/1/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/1/2/b" id="schedule-12-paragraph-1-2-b"><Pnumber>b</Pnumber><P3para><Text>shall be accompanied by such information as the Secretary of State may reasonably require for the purpose of determining the application.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/1/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/1/3" id="schedule-12-paragraph-1-3"><Pnumber>3</Pnumber><P2para><Text>At any time after receiving an application and before determining it the Secretary of State may require the applicant to furnish additional information.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/1/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/1/4" id="schedule-12-paragraph-1-4"><Pnumber>4</Pnumber><P2para><Text>The directions and requirements given or imposed under sub-paragraphs (2) and (3) may differ as between different applications.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/1/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/1/5" id="schedule-12-paragraph-1-5"><Pnumber>5</Pnumber><P2para><Text>Any information to be furnished to the Secretary of State under this section shall, if he so requires, be in such form or verified in such manner as he may specify.</Text></P2para><P2para><Text>In the case of examination standards, the verification required may include independent moderation of the examinations over such period as the Secretary of State considers necessary.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/1/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/1/6" id="schedule-12-paragraph-1-6"><Pnumber>6</Pnumber><P2para><Text>Every application shall be accompanied by a copy of the applicant’s rules and of any guidance issued by it which is intended to have continuing effect and is issued in writing or other legible form.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/part/I/crossheading/grant-and-refusal-of-recognition" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/part/I/crossheading/grant-and-refusal-of-recognition" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-12-part-I-crossheading-grant-and-refusal-of-recognition" RestrictStartDate="2008-04-06"><Title> Grant and refusal of recognition</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/2" id="schedule-12-paragraph-2"><Pnumber>2</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/2/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/2/1" id="schedule-12-paragraph-2-1"><Pnumber>1</Pnumber><P2para><Text>The Secretary of State may, on an application duly made in accordance with paragraph 1 and after being furnished with all such information as he may require under that paragraph, make or refuse to make an order (a “recognition order”) declaring the qualification in respect of which the application was made to be a recognised professional qualification for the purposes of this Part of this Act.</Text></P2para><P2para><Text>In this Part of this Act a “<Term id="term-recognised-qualifying-body">recognised qualifying body</Term>” means a qualifying body offering a recognised professional qualification.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/2/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/2/2" id="schedule-12-paragraph-2-2"><Pnumber>2</Pnumber><P2para><Text>The Secretary of State shall not make a recognition order unless it appears to him, from the information furnished by the applicant and having regard to any other information in his possession, that the requirements of Part II of this Schedule are satisfied as respects the qualification.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/2/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/2/3" id="schedule-12-paragraph-2-3"><Pnumber>3</Pnumber><P2para><Text>Where the Secretary of State refuses an application for a recognition order he shall give the applicant a written notice to that effect specifying which requirements, in his opinion, are not satisfied.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/2/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/2/4" id="schedule-12-paragraph-2-4"><Pnumber>4</Pnumber><P2para><Text>A recognition order shall state the date on which it takes effect.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/part/I/crossheading/revocation-of-recognition" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/part/I/crossheading/revocation-of-recognition" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-12-part-I-crossheading-revocation-of-recognition" RestrictStartDate="2008-04-06"><Title> Revocation of recognition</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/3" id="schedule-12-paragraph-3"><Pnumber>3</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/3/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/3/1" id="schedule-12-paragraph-3-1"><Pnumber>1</Pnumber><P2para><Text>A recognition order may be revoked by a further order made by the Secretary of State if at any time it appears to him—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/3/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/3/1/a" id="schedule-12-paragraph-3-1-a"><Pnumber>a</Pnumber><P3para><Text>that any requirement of Part II of this Schedule is not satisfied in relation to the qualification to which the recognition order relates, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/3/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/3/1/b" id="schedule-12-paragraph-3-1-b"><Pnumber>b</Pnumber><P3para><Text>that the qualifying body has failed to comply with any obligation to which it is subject by virtue of this Part of this Act.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/3/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/3/2" id="schedule-12-paragraph-3-2"><Pnumber>2</Pnumber><P2para><Text>An order revoking a recognition order shall state the date on which it takes effect and that date shall not be earlier than three months after the day on which the revocation order is made.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/3/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/3/3" id="schedule-12-paragraph-3-3"><Pnumber>3</Pnumber><P2para><Text>Before revoking a recognition order the Secretary of State shall give written notice of his intention to do so to the qualifying body, take such steps as he considers reasonably practicable for bringing the notice to the attention of persons holding the qualification or in the course of studying for it and publish it in such manner as he thinks appropriate for bringing it to the attention of any other persons who are in his opinion likely to be affected.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/3/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/3/4" id="schedule-12-paragraph-3-4"><Pnumber>4</Pnumber><P2para><Text>A notice under sub-paragraph (3) shall state the reasons for which the Secretary of State proposes to act and give particulars of the rights conferred by sub-paragraph (5).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/3/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/3/5" id="schedule-12-paragraph-3-5"><Pnumber>5</Pnumber><P2para><Text>A body on which a notice is served under sub-paragraph (3), any person holding the qualification or in the course of studying for it and any other person who appears to the Secretary of State to be affected may within three months after the date of service or publication, or within such longer time as the Secretary of State may allow, make written representations to the Secretary of State and, if desired, oral representations to a person appointed for that purpose by the Secretary of State; and the Secretary of State shall have regard to any representations made in accordance with this subsection in determining whether to revoke the recognition order.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/3/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/3/6" id="schedule-12-paragraph-3-6"><Pnumber>6</Pnumber><P2para><Text>If in any case the Secretary of State considers it essential to do so in the public interest he may revoke a recognition order without regard to the restriction imposed by sub-paragraph (2) and notwithstanding that no notice has been given or published under sub-paragraph (3) or that the time for making representations in pursuance of such a notice has not expired.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/3/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/3/7" id="schedule-12-paragraph-3-7"><Pnumber>7</Pnumber><P2para><Text>An order revoking a recognition order may contain such transitional provisions as the Secretary of State thinks necessary or expedient.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/3/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/3/8" id="schedule-12-paragraph-3-8"><Pnumber>8</Pnumber><P2para><Text>A recognition order may be revoked at the request or with the consent of the qualifying body and any such revocation shall not be subject to the restrictions imposed by sub-paragraphs (1) and (2) or the requirements of sub-paragraphs (3) to (5).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/3/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/3/9" id="schedule-12-paragraph-3-9"><Pnumber>9</Pnumber><P2para><Text>On making an order revoking a recognition order the Secretary of State shall give the qualifying body written notice of the making of the order, take such steps as he considers reasonably practicable for bringing the making of the order to the attention of persons holding the qualification or in the course of studying for it and publish a notice of the making of the order in such manner as he thinks appropriate for bringing it to the attention of any other persons who are in his opinion likely to be affected.</Text></P2para></P2></P1para></P1></P1group></Pblock></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/part/II" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/part/II" NumberOfProvisions="6" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-12-part-II" RestrictStartDate="2008-04-06"><Number>Part II</Number><Title> Requirements for Recognition</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/part/II/crossheading/entry-requirements" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/part/II/crossheading/entry-requirements" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-12-part-II-crossheading-entry-requirements" RestrictStartDate="2008-04-06"><Title> Entry requirements</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/4" id="schedule-12-paragraph-4"><Pnumber>4</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/4/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/4/1" id="schedule-12-paragraph-4-1"><Pnumber>1</Pnumber><P2para><Text>The qualification must only be open to persons who have attained university entrance level or have a sufficient period of professional experience.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/4/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/4/2" id="schedule-12-paragraph-4-2"><Pnumber>2</Pnumber><P2para><Text>In relation to a person who has not been admitted to a university or other similar establishment in the United Kingdom, attaining university entrance level means—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/4/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/4/2/a" id="schedule-12-paragraph-4-2-a"><Pnumber>a</Pnumber><P3para><Text>being educated to such a standard as would entitle him to be considered for such admission on the basis of—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/4/2/a/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/4/2/a/i" id="schedule-12-paragraph-4-2-a-i"><Pnumber>i</Pnumber><P4para><Text>academic or professional qualifications obtained in the United Kingdom and recognised by the Secretary of State to be of an appropriate standard, or</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/4/2/a/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/4/2/a/ii" id="schedule-12-paragraph-4-2-a-ii"><Pnumber>ii</Pnumber><P4para><Text>academic or professional qualifications obtained outside the United Kingdom which the Secretary of State considers to be of an equivalent standard; or</Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/4/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/4/2/b" id="schedule-12-paragraph-4-2-b"><Pnumber>b</Pnumber><P3para><Text>being assessed on the basis of written tests of a kind appearing to the Secretary of State to be adequate for the purpose, with or without oral examination, as of such a standard of ability as would entitle him to be considered for such admission.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/4/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/4/3" id="schedule-12-paragraph-4-3"><Pnumber>3</Pnumber><P2para><Text>The assessment, tests and oral examination referred to in sub-paragraph (2)(b) may be conducted by the qualifying body or by some other body approved by the Secretary of State.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/part/II/crossheading/course-of-theoretical-instruction" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/part/II/crossheading/course-of-theoretical-instruction" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-12-part-II-crossheading-course-of-theoretical-instruction" RestrictStartDate="2008-04-06"><Title> Course of theoretical instruction</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/5" id="schedule-12-paragraph-5"><Pnumber>5</Pnumber><P1para><Text>The qualification must be restricted to persons who have completed a course of theoretical instruction in the subjects prescribed for the purposes of paragraph 7 or have a sufficient period of professional experience.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/part/II/crossheading/sufficient-period-of-professional-experience" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/part/II/crossheading/sufficient-period-of-professional-experience" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-12-part-II-crossheading-sufficient-period-of-professional-experience" RestrictStartDate="2008-04-06"><Title> Sufficient period of professional experience</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/6" id="schedule-12-paragraph-6"><Pnumber>6</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/6/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/6/1" id="schedule-12-paragraph-6-1"><Pnumber>1</Pnumber><P2para><Text>The references in paragraphs 4 and 5 to a sufficient period of professional experience are to not less than seven years’ experience in a professional capacity in the fields of finance, law and accountancy.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/6/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/6/2" id="schedule-12-paragraph-6-2"><Pnumber>2</Pnumber><P2para><Text>Periods of theoretical instruction in the fields of finance, law and accountancy may be deducted from the required period of professional experience, provided the instruction—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/6/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/6/2/a" id="schedule-12-paragraph-6-2-a"><Pnumber>a</Pnumber><P3para><Text>lasted at least one year, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/6/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/6/2/b" id="schedule-12-paragraph-6-2-b"><Pnumber>b</Pnumber><P3para><Text>is attested by an examination recognised by the Secretary of State for the purposes of this paragraph;</Text></P3para></P3><Text>but the period of professional experience may not be so reduced by more than four years.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/6/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/6/3" id="schedule-12-paragraph-6-3"><Pnumber>3</Pnumber><P2para><Text>The period of professional experience together with the practical training required in the case of persons satisfying the requirement in paragraph 5 by virtue of having a sufficient period of professional experience must not be shorter than the course of theoretical instruction referred to in that paragraph and the practical training required in the case of persons satisfying the requirement of that paragraph by virtue of having completed such a course.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/part/II/crossheading/examination" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/part/II/crossheading/examination" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-12-part-II-crossheading-examination" RestrictStartDate="2008-04-06"><Title> Examination</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" ConfersPower="true" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/7" id="schedule-12-paragraph-7"><Pnumber>7</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/7/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/7/1" id="schedule-12-paragraph-7-1"><Pnumber>1</Pnumber><P2para><Text>The qualification must be restricted to persons who have passed an examination (at least part of which is in writing) testing—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/7/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/7/1/a" id="schedule-12-paragraph-7-1-a"><Pnumber>a</Pnumber><P3para><Text>theoretical knowledge of the subjects prescribed for the purposes of this paragraph by regulations made by the Secretary of State, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/7/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/7/1/b" id="schedule-12-paragraph-7-1-b"><Pnumber>b</Pnumber><P3para><Text>ability to apply that knowledge in practice,</Text></P3para></P3><Text>and requiring a standard of attainment at least equivalent to that required to obtain a degree from a university or similar establishment in the United Kingdom.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/7/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/7/2" id="schedule-12-paragraph-7-2"><Pnumber>2</Pnumber><P2para><Text>The qualification may be awarded to a person without his theoretical knowledge of a subject being tested by examination if he has passed a university or other examination of equivalent standard in that subject or holds a university degree or equivalent qualification in it.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/7/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/7/3" id="schedule-12-paragraph-7-3"><Pnumber>3</Pnumber><P2para><Text>The qualification may be awarded to a person without his ability to apply his theoretical knowledge of a subject in practice being tested by examination if he has received practical training in that subject which is attested by an examination or diploma recognised by the Secretary of State for the purposes of this paragraph.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/7/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/7/4" id="schedule-12-paragraph-7-4"><Pnumber>4</Pnumber><P2para><Text>Regulations under this paragraph shall be made by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/part/II/crossheading/practical-training" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/part/II/crossheading/practical-training" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-12-part-II-crossheading-practical-training" RestrictStartDate="2008-04-06"><Title> Practical training</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/8" id="schedule-12-paragraph-8"><Pnumber>8</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/8/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/8/1" id="schedule-12-paragraph-8-1"><Pnumber>1</Pnumber><P2para><Text>The qualification must be restricted to persons who have completed at least three years’ practical training of which—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/8/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/8/1/a" id="schedule-12-paragraph-8-1-a"><Pnumber>a</Pnumber><P3para><Text>part was spent being trained in company audit work, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/8/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/8/1/b" id="schedule-12-paragraph-8-1-b"><Pnumber>b</Pnumber><P3para><Text>a substantial part was spent being trained in company audit work or other audit work of a description approved by the Secretary of State as being similar to company audit work.</Text></P3para></P3><Text>For this purpose “<Term id="term-company-audit-work">company audit work</Term>” includes the work of a person appointed as auditor under the <CommentaryRef Ref="c13698031"/>Companies (Northern Ireland) Order 1986 or under the law of a country or territory outside the United Kingdom where it appears to the Secretary of State that the law and practice with respect to the audit of company accounts is similar to that in the United Kingdom.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/8/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/8/2" id="schedule-12-paragraph-8-2"><Pnumber>2</Pnumber><P2para><Text>The training must be given by persons approved by the body offering the qualification as persons as to whom the body is satisfied, in the light of undertakings given by them and the supervision to which they are subject (whether by the body itself or some other body or organisation), that they will provide adequate training.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/8/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/8/3" id="schedule-12-paragraph-8-3"><Pnumber>3</Pnumber><P2para><Text>At least two-thirds of the training must be given by a fully-qualified auditor, that is, a person—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/8/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/8/3/a" id="schedule-12-paragraph-8-3-a"><Pnumber>a</Pnumber><P3para><Text>eligible in accordance with this Part of this Act to be appointed as a company auditor, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/8/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/8/3/b" id="schedule-12-paragraph-8-3-b"><Pnumber>b</Pnumber><P3para><Text>satisfying the corresponding requirements of the law of Northern Ireland or another member State of the European Economic Community.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/part/II/crossheading/the-body-offering-the-qualification" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/part/II/crossheading/the-body-offering-the-qualification" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-12-part-II-crossheading-the-body-offering-the-qualification" RestrictStartDate="2008-04-06"><Title> The body offering the qualification</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2008-04-06"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/9" id="schedule-12-paragraph-9"><Pnumber>9</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/9/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/9/1" id="schedule-12-paragraph-9-1"><Pnumber>1</Pnumber><P2para><Text>The body offering the qualification must have—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/9/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/9/1/a" id="schedule-12-paragraph-9-1-a"><Pnumber>a</Pnumber><P3para><Text>rules and arrangements adequate to ensure compliance with the requirements of paragraphs 4 to 8, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/9/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/9/1/b" id="schedule-12-paragraph-9-1-b"><Pnumber>b</Pnumber><P3para><Text>adequate arrangements for the effective monitoring of its continued compliance with those requirements.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/12/paragraph/9/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/12/paragraph/9/2" id="schedule-12-paragraph-9-2"><Pnumber>2</Pnumber><P2para><Text>The arrangements must include arrangements for monitoring the standard of its examinations and the adequacy of the practical training given by the persons approved by it for that purpose.</Text></P2para></P2></P1para></P1></P1group></Pblock></Part></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13" NumberOfProvisions="13" id="schedule-13" RestrictExtent="E+W+S" RestrictStartDate="2008-04-06"><Number><CommentaryRef Ref="c18770761"/><CommentaryRef Ref="c18770761"/>SCHEDULE 13</Number><ScheduleBody><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/crossheading/introductory" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/crossheading/introductory" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-13-crossheading-introductory" RestrictStartDate="2005-01-01"><Title><Emphasis><Substitution ChangeId="d29p125672" CommentaryRef="c18759851">Operation of this Schedule</Substitution></Emphasis></Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-01-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/1" id="schedule-13-paragraph-1"><Pnumber><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">1</Substitution></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/1/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/1/1" id="schedule-13-paragraph-1-1"><Pnumber><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">1</Substitution></Pnumber><P2para><Text><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">This Schedule has effect in relation to a body designated by an order under section 46 as follows—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/1/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/1/1/a" id="schedule-13-paragraph-1-1-a"><Pnumber><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">paragraphs 2 to 12 have effect in relation to the body where it is established by the order;</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/1/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/1/1/b" id="schedule-13-paragraph-1-1-b"><Pnumber><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">paragraphs 2 and 6 to 11 have effect in relation to the body where it is an existing body (see section 46(1A)(b)); and</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/1/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/1/1/c" id="schedule-13-paragraph-1-1-c"><Pnumber><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">c</Substitution></Pnumber><P3para><Text><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">paragraph 13 has effect in relation to the body where it is an existing body that is an unincorporated association.</Substitution></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/1/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/1/2" id="schedule-13-paragraph-1-2"><Pnumber><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">2</Substitution></Pnumber><P2para><Text><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">In their operation in accordance with sub-paragraph (1)(b), paragraphs 2 and 6 apply only in relation to—</Substitution></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/1/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/1/2/a" id="schedule-13-paragraph-1-2-a"><Pnumber><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">a</Substitution></Pnumber><P3para><Text><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">things done by or in relation to the body in or in connection with the exercise of functions transferred to it by the order, and</Substitution></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/1/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/1/2/b" id="schedule-13-paragraph-1-2-b"><Pnumber><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">b</Substitution></Pnumber><P3para><Text><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">functions of the body which are functions so transferred.</Substitution></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/1/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/1/3" id="schedule-13-paragraph-1-3"><Pnumber><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">3</Substitution></Pnumber><P2para><Text><Substitution ChangeId="d29p125616" CommentaryRef="c18759881">Any power conferred by this Schedule to make provision by order is a power to make provision by an order under section 46.</Substitution></Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/crossheading/status" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/crossheading/status" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-13-crossheading-status" RestrictStartDate="2005-01-01"><Title> Status</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-01-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/2" id="schedule-13-paragraph-2"><Pnumber>2</Pnumber><P1para><Text>The body shall not be regarded as acting on behalf of the Crown and its members, officers and employees shall not be regarded as Crown servants.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/crossheading/name-members-and-chairman" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/crossheading/name-members-and-chairman" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-13-crossheading-name-members-and-chairman" RestrictStartDate="2005-01-01"><Title> Name, members and chairman</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-01-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/3" id="schedule-13-paragraph-3"><Pnumber>3</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/3/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/3/1" id="schedule-13-paragraph-3-1"><Pnumber>1</Pnumber><P2para><Text>The body shall be known by such name as may be specified in the delegation order.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/3/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/3/2" id="schedule-13-paragraph-3-2"><Pnumber>2</Pnumber><P2para><Text>The body shall consist of such persons (not being less than eight) as the Secretary of State may appoint after such consultation as he thinks appropriate; and the chairman of the body shall be such person as the Secretary of State may appoint from amongst its members.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/3/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/3/3" id="schedule-13-paragraph-3-3"><Pnumber>3</Pnumber><P2para><Text>The Secretary of State may make provision by order as to the terms on which the members of the body are to hold and vacate office and as to the terms on which a person appointed as chairman is to hold and vacate the office of chairman.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/crossheading/financial-provisions" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/crossheading/financial-provisions" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-13-crossheading-financial-provisions" RestrictStartDate="2005-01-01"><Title> Financial provisions</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-01-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/4" id="schedule-13-paragraph-4"><Pnumber>4</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/4/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/4/1" id="schedule-13-paragraph-4-1"><Pnumber>1</Pnumber><P2para><Text>The body shall pay to its chairman and members such remuneration, and such allowances in respect of expenses properly incurred by them in the performance of their duties, as the Secretary of State may determine.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/4/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/4/2" id="schedule-13-paragraph-4-2"><Pnumber>2</Pnumber><P2para><Text>As regards any chairman or member in whose case the Secretary of State so determines, the body shall pay or make provision for the payment of—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/4/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/4/2/a" id="schedule-13-paragraph-4-2-a"><Pnumber>a</Pnumber><P3para><Text>such pension, allowance or gratuity to or in respect of that person on his retirement or death, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/4/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/4/2/b" id="schedule-13-paragraph-4-2-b"><Pnumber>b</Pnumber><P3para><Text>such contributions or other payment towards the provision of such a pension, allowance or gratuity,</Text></P3para></P3><Text>as the Secretary of State may determine.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/4/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/4/3" id="schedule-13-paragraph-4-3"><Pnumber>3</Pnumber><P2para><Text>Where a person ceases to be a member of the body otherwise than on the expiry of his term of office and it appears to the Secretary of State that there are special circumstances which make it right for him to receive compensation, the body shall make a payment to him by way of compensation of such amount as the Secretary of State may determine.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/crossheading/proceedings" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/crossheading/proceedings" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-13-crossheading-proceedings" RestrictStartDate="2005-01-01"><Title> Proceedings</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-01-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/5" id="schedule-13-paragraph-5"><Pnumber>5</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/5/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/5/1" id="schedule-13-paragraph-5-1"><Pnumber>1</Pnumber><P2para><Text>The delegation order may contain such provision as the Secretary of State considers appropriate with respect to the proceedings of the body.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/5/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/5/2" id="schedule-13-paragraph-5-2"><Pnumber>2</Pnumber><P2para><Text>The order may, in particular—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/5/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/5/2/a" id="schedule-13-paragraph-5-2-a"><Pnumber>a</Pnumber><P3para><Text>authorise the body to discharge any functions by means of committees consisting wholly or partly of members of the body;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/5/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/5/2/b" id="schedule-13-paragraph-5-2-b"><Pnumber>b</Pnumber><P3para><Text>provide that the validity of proceedings of the body, or of any such committee, is not affected by any vacancy among the members or any defect in the appointment of any member.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/crossheading/fees" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/crossheading/fees" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-13-crossheading-fees" RestrictStartDate="2005-01-01"><Title> Fees</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-01-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/6" id="schedule-13-paragraph-6"><Pnumber>6</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/6/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/6/1" id="schedule-13-paragraph-6-1"><Pnumber>1</Pnumber><P2para><Text>The body may retain fees payable to it.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/6/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/6/2" id="schedule-13-paragraph-6-2"><Pnumber>2</Pnumber><P2para><Text>The fees shall be applied for meeting the expenses of the body in discharging its functions and for any purposes incidental to those functions.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/6/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/6/3" id="schedule-13-paragraph-6-3"><Pnumber>3</Pnumber><P2para><Text>Those expenses include any expenses incurred by the body on such staff, accommodation, services and other facilities as appear to it to be necessary or expedient for the proper performance of its functions.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/6/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/6/4" id="schedule-13-paragraph-6-4"><Pnumber>4</Pnumber><P2para><Text>In prescribing the amount of fees in the exercise of the functions transferred to it the body shall prescribe such fees as appear to it sufficient to defray those expenses, taking one year with another.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/6/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/6/5" id="schedule-13-paragraph-6-5"><Pnumber>5</Pnumber><P2para><Text>Any exercise by the body of the power to prescribe fees requires the approval of the Secretary of State; and the Secretary of State may, after consultation with the body, by order vary or revoke any regulations made by it prescribing fees.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/crossheading/legislative-functions" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/crossheading/legislative-functions" NumberOfProvisions="3" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-13-crossheading-legislative-functions" RestrictStartDate="2005-01-01"><Title> Legislative functions</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-01-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/7" id="schedule-13-paragraph-7"><Pnumber>7</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/7/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/7/1" id="schedule-13-paragraph-7-1"><Pnumber>1</Pnumber><P2para><Text>Regulations made by the body in the exercise of the functions transferred to it shall be made by instrument in writing, but not by statutory instrument.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/7/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/7/2" id="schedule-13-paragraph-7-2"><Pnumber>2</Pnumber><P2para><Text>The instrument shall specify the provision of this Part of this Act under which it is made.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/7/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/7/3" id="schedule-13-paragraph-7-3"><Pnumber>3</Pnumber><P2para><Text>The Secretary of State may by order impose such requirements as he thinks necessary or expedient as to the circumstances and manner in which the body must consult on any regulations it proposes to make.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-01-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/8" id="schedule-13-paragraph-8"><Pnumber>8</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/8/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/8/1" id="schedule-13-paragraph-8-1"><Pnumber>1</Pnumber><P2para><Text>Immediately after an instrument is made it shall be printed and made available to the public with or without payment.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/8/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/8/2" id="schedule-13-paragraph-8-2"><Pnumber>2</Pnumber><P2para><Text>A person shall not be taken to have contravened any regulation if he shows that at the time of the alleged contravention the instrument containing the regulation had not been made available as required by this paragraph.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-01-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/9" id="schedule-13-paragraph-9"><Pnumber>9</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/9/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/9/1" id="schedule-13-paragraph-9-1"><Pnumber>1</Pnumber><P2para><Text>The production of a printed copy of an instrument purporting to be made by the body on which is endorsed a certificate signed by an officer of the body authorised by it for the purpose and stating—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/9/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/9/1/a" id="schedule-13-paragraph-9-1-a"><Pnumber>a</Pnumber><P3para><Text>that the instrument was made by the body,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/9/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/9/1/b" id="schedule-13-paragraph-9-1-b"><Pnumber>b</Pnumber><P3para><Text>that the copy is a true copy of the instrument, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/9/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/9/1/c" id="schedule-13-paragraph-9-1-c"><Pnumber>c</Pnumber><P3para><Text>that on a specified date the instrument was made available to the public as required by paragraph 8,</Text></P3para></P3><Text>is prima facie evidence or, in Scotland, sufficient evidence of the facts stated in the certificate.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/9/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/9/2" id="schedule-13-paragraph-9-2"><Pnumber>2</Pnumber><P2para><Text>A certificate purporting to be signed as mentioned in sub-paragraph (1) shall be deemed to have been duly signed unless the contrary is shown.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/9/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/9/3" id="schedule-13-paragraph-9-3"><Pnumber>3</Pnumber><P2para><Text>Any person wishing in any legal proceedings to cite an instrument made by the body may require the body to cause a copy of it to be endorsed with such a certificate as is mentioned in this paragraph.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/crossheading/report-and-accounts" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/crossheading/report-and-accounts" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-13-crossheading-report-and-accounts" RestrictStartDate="2005-01-01"><Title> Report and accounts</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-01-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/10" id="schedule-13-paragraph-10"><Pnumber>10</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/10/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/10/1" id="schedule-13-paragraph-10-1"><Pnumber>1</Pnumber><P2para><Text>The body shall at least once in each year for which the delegation order is in force make a report to the Secretary of State on the discharge of the functions transferred to it and on such other matters as the Secretary of State may by order require.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/10/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/10/2" id="schedule-13-paragraph-10-2"><Pnumber>2</Pnumber><P2para><Text>The Secretary of State shall lay before Parliament copies of each report received by him under this paragraph.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/10/2A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/10/2A" id="schedule-13-paragraph-10-2A"><Pnumber><Addition ChangeId="d29p126032" CommentaryRef="c18759921">2A</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p126032" CommentaryRef="c18759921">The following provisions of this paragraph apply as follows—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/10/2A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/10/2A/a" id="schedule-13-paragraph-10-2A-a"><Pnumber><Addition ChangeId="d29p126032" CommentaryRef="c18759921">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p126032" CommentaryRef="c18759921">sub-paragraphs (3) and (4) apply only where the body is established by the order, and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/10/2A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/10/2A/b" id="schedule-13-paragraph-10-2A-b"><Pnumber><Addition ChangeId="d29p126032" CommentaryRef="c18759921">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p126032" CommentaryRef="c18759921">sub-paragraphs (5) and (6) apply only where the body is an existing body.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/10/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/10/3" id="schedule-13-paragraph-10-3"><Pnumber>3</Pnumber><P2para><Text>The Secretary of State may, with the consent of the Treasury, give directions to the body with respect to its accounts and the audit of its accounts and it is the duty of the body to comply with the directions.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/10/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/10/4" id="schedule-13-paragraph-10-4"><Pnumber>4</Pnumber><P2para><Text>A person shall not be appointed auditor of the body unless he is eligible for appointment as a company auditor under section 25.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/10/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/10/5" id="schedule-13-paragraph-10-5"><Pnumber><Addition ChangeId="d29p126064" CommentaryRef="c18759941">5</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p126064" CommentaryRef="c18759941">Unless the body is a company to which section 226 of the Companies Act 1985 (duty to prepare individual company accounts) applies—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/10/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/10/5/a" id="schedule-13-paragraph-10-5-a"><Pnumber><Addition ChangeId="d29p126064" CommentaryRef="c18759941">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p126064" CommentaryRef="c18759941">the Secretary of State may, with the consent of the Treasury, give directions to the body with respect to its accounts and the audit of its accounts, and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/10/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/10/5/b" id="schedule-13-paragraph-10-5-b"><Pnumber><Addition ChangeId="d29p126064" CommentaryRef="c18759941">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p126064" CommentaryRef="c18759941">it is the duty of the body to comply with the directions.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/10/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/10/6" id="schedule-13-paragraph-10-6"><Pnumber><Addition ChangeId="d29p126064" CommentaryRef="c18759941">6</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p126064" CommentaryRef="c18759941">Whether or not the body is a company to which section 226 of the Companies Act 1985 applies—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/10/6/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/10/6/a" id="schedule-13-paragraph-10-6-a"><Pnumber><Addition ChangeId="d29p126064" CommentaryRef="c18759941">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p126064" CommentaryRef="c18759941">the Secretary of State may give directions to the body providing that any provisions of that Act specified in the directions are to apply to the body, with or without any modifications so specified, and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/10/6/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/10/6/b" id="schedule-13-paragraph-10-6-b"><Pnumber><Addition ChangeId="d29p126064" CommentaryRef="c18759941">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p126064" CommentaryRef="c18759941">it is the duty of the body to comply with the directions.</Addition></Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/crossheading/other-supplementary-provisions" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/crossheading/other-supplementary-provisions" NumberOfProvisions="3" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" id="schedule-13-crossheading-other-supplementary-provisions" RestrictStartDate="2005-01-01"><Title> Other supplementary provisions</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-01-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/11" id="schedule-13-paragraph-11"><Pnumber>11</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/11/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/11/1" id="schedule-13-paragraph-11-1"><Pnumber>1</Pnumber><P2para><Text>The transfer of a function to a body  <Substitution ChangeId="d29p126207" CommentaryRef="c18760011">designated</Substitution>  by a delegation order does not affect anything previously done in the exercise of the function transferred; and the resumption of a function so transferred does not affect anything previously done in exercise of the function resumed.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/11/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/11/2" id="schedule-13-paragraph-11-2"><Pnumber>2</Pnumber><P2para><Text>The Secretary of State may by order make such transitional and other supplementary provision as he thinks necessary or expedient in relation to the transfer or resumption of a function.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/11/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/11/3" id="schedule-13-paragraph-11-3"><Pnumber>3</Pnumber><P2para><Text>The provision that may be made in connection with the transfer of a function includes, in particular, provision—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/11/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/11/3/a" id="schedule-13-paragraph-11-3-a"><Pnumber>a</Pnumber><P3para><Text>for modifying or excluding any provision of this Part of this Act in its application to the function transferred;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/11/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/11/3/b" id="schedule-13-paragraph-11-3-b"><Pnumber>b</Pnumber><P3para><Text>for applying to the body  <Substitution ChangeId="d29p126235" CommentaryRef="c18760011">designated</Substitution>  by the delegation order, in connection with the function transferred, any provision applying to the Secretary of State which is contained in or made under any other enactment;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/11/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/11/3/c" id="schedule-13-paragraph-11-3-c"><Pnumber>c</Pnumber><P3para><Text>for the transfer of any property, rights or liabilities from the Secretary of State to that body;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/11/3/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/11/3/d" id="schedule-13-paragraph-11-3-d"><Pnumber>d</Pnumber><P3para><Text>for the carrying on and completion by that body of anything in process of being done by the Secretary of State when the order takes effect;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/11/3/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/11/3/e" id="schedule-13-paragraph-11-3-e"><Pnumber>e</Pnumber><P3para><Text>for the substitution of that body for the Secretary of State in any instrument, contract or legal proceedings.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/11/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/11/4" id="schedule-13-paragraph-11-4"><Pnumber>4</Pnumber><P2para><Text>The provision that may be made in connection with the resumption of a function includes, in particular, provision—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/11/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/11/4/a" id="schedule-13-paragraph-11-4-a"><Pnumber>a</Pnumber><P3para><Text>for the transfer of any property, rights or liabilities from that body to the Secretary of State;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/11/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/11/4/b" id="schedule-13-paragraph-11-4-b"><Pnumber>b</Pnumber><P3para><Text>for the carrying on and completion by the Secretary of State of anything in process of being done by that body when the order takes effect;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/11/4/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/11/4/c" id="schedule-13-paragraph-11-4-c"><Pnumber>c</Pnumber><P3para><Text>for the substitution of the Secretary of State for that body in any instrument, contract or legal proceedings.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-01-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/12" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/12" id="schedule-13-paragraph-12"><Pnumber>12</Pnumber><P1para><Text>Where a delegation order is revoked, the Secretary of State may by order make provision—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/12/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/12/a" id="schedule-13-paragraph-12-a"><Pnumber>a</Pnumber><P3para><Text>for the payment of compensation to persons ceasing to be employed by the body established by the delegation order; and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/12/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/12/b" id="schedule-13-paragraph-12-b"><Pnumber>b</Pnumber><P3para><Text>as to the winding up and dissolution of the body.</Text></P3para></P3></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2008-04-06" Match="false" RestrictStartDate="2005-01-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/13" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/13" id="schedule-13-paragraph-13"><Pnumber PuncAfter="">13</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/13/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/13/1" id="schedule-13-paragraph-13-1"><Pnumber>1</Pnumber><P2para><Text>This paragraph applies where the body is an unincorporated association.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/13/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/13/2" id="schedule-13-paragraph-13-2"><Pnumber>2</Pnumber><P2para><Text>Any relevant proceedings may be brought by or against the body in the name of any body corporate whose constitution provides for the establishment of the body.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/13/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/13/3" id="schedule-13-paragraph-13-3"><Pnumber>3</Pnumber><P2para><Text>In sub-paragraph (2) “<Term id="term-relevant-proceedings">relevant proceedings</Term>” means proceedings brought in or in connection with the exercise of any transferred function.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/13/paragraph/13/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/13/paragraph/13/4" id="schedule-13-paragraph-13-4"><Pnumber>4</Pnumber><P2para><Text>In relation to proceedings brought as mentioned in sub-paragraph (2), any reference in paragraph 11(3)(e) or (4)(c) to the body replacing or being replaced by the Secretary of State in any legal proceedings is to be read with the appropriate modifications.</Text></P2para></P2></P1para></P1></P1group></Pblock></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14" NumberOfProvisions="12" id="schedule-14" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-05-01"><Number>
          
          <Addition ChangeId="d29p13324" CommentaryRef="c18757491">SCHEDULE 14</Addition></Number><TitleBlock><Title><Addition ChangeId="d29p13324" CommentaryRef="c18757491"> Supervisory and qualifying bodies: Restrictive practices</Addition></Title></TitleBlock><Reference><Addition ChangeId="d29p13324" CommentaryRef="c18757491">Section 47(1).</Addition></Reference><ScheduleBody><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/part/I" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/part/I" NumberOfProvisions="9" RestrictExtent="E+W+S" id="schedule-14-part-I" RestrictStartDate="2004-05-01"><Number><Addition ChangeId="d29p13324" CommentaryRef="c18757491">Part I</Addition></Number><Title><Addition ChangeId="d29p13324" CommentaryRef="c18757491"> Prevention of restrictive practices</Addition></Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/part/I/crossheading/refusal-of-recognition-on-grounds-related-to-competition" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/part/I/crossheading/refusal-of-recognition-on-grounds-related-to-competition" NumberOfProvisions="1" id="schedule-14-part-I-crossheading-refusal-of-recognition-on-grounds-related-to-competition" RestrictStartDate="2004-05-01"><Title><Addition ChangeId="d29p13324" CommentaryRef="c18757491"> Refusal of recognition on grounds related to competition</Addition></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/1" RestrictExtent="E+W+S" RestrictStartDate="2003-04-01" ConfersPower="true" id="schedule-14-paragraph-1"><Pnumber><Addition ChangeId="d29p13324" CommentaryRef="c18757491">1</Addition></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/1/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/1/1" id="schedule-14-paragraph-1-1"><Pnumber><Addition ChangeId="d29p13324" CommentaryRef="c18757491">1</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p13324" CommentaryRef="c18757491">The Secretary of State shall before deciding whether to make a recognition order in respect of a supervisory body or professional qualification send to </Addition><Addition ChangeId="d29p13324" CommentaryRef="c18757491"><Addition ChangeId="d29p13355" CommentaryRef="c13698041">the Office of Fair Trading (in this Schedule referred to as “</Addition></Addition><Term id="term-the-oft"><Addition ChangeId="d29p13324" CommentaryRef="c18757491"><Addition ChangeId="d29p13355" CommentaryRef="c13698041">the </Addition></Addition><Acronym Expansion="Office of Fair Trading"><Addition ChangeId="d29p13324" CommentaryRef="c18757491"><Addition ChangeId="d29p13355" CommentaryRef="c13698041">OFT</Addition></Addition></Acronym></Term><Addition ChangeId="d29p13324" CommentaryRef="c18757491"><Addition ChangeId="d29p13355" CommentaryRef="c13698041">”)</Addition></Addition> a copy of the rules and of any guidance which the Secretary of State is required to consider in making that decision together with such other information as the Secretary of State considers will assist the <Addition ChangeId="d29p13362" CommentaryRef="c13698041">OFT</Addition>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/1/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/1/2" id="schedule-14-paragraph-1-2"><Pnumber>2</Pnumber><P2para><Text>The <Addition ChangeId="d29p13372" CommentaryRef="c13698061">OFT</Addition> shall consider whether the rules or guidance have, or are intended or likely to have, to any significant extent the effect of restricting, distorting or preventing competition, and shall report to the Secretary of State; and the Secretary of State shall have regard to <Addition ChangeId="d29p13376" CommentaryRef="c13698061">its</Addition> report in deciding whether to make a recognition order.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/1/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/1/3" id="schedule-14-paragraph-1-3"><Pnumber>3</Pnumber><P2para><Text>The Secretary of State shall not make a recognition order if it appears to him that the rules and any guidance of which copies are furnished with the application have, or are intended or likely to have, to any significant extent the effect of restricting, distorting or preventing competition, unless it appears to him that the effect is reasonably justifiable having regard to the purposes of this Part of this Act.</Text></P2para></P2></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/part/I/crossheading/notification-of-changes-to-rules-or-guidance" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/part/I/crossheading/notification-of-changes-to-rules-or-guidance" NumberOfProvisions="1" id="schedule-14-part-I-crossheading-notification-of-changes-to-rules-or-guidance" RestrictStartDate="2004-05-01"><Title> Notification of changes to rules or guidance</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/2" ConfersPower="true" id="schedule-14-paragraph-2" RestrictStartDate="2004-05-01"><Pnumber>2</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/2/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/2/1" id="schedule-14-paragraph-2-1"><Pnumber>1</Pnumber><P2para><Text>Where a recognised supervisory or qualifying body amends, revokes or adds to its rules or guidance in a manner which may reasonably be regarded as likely—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/2/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/2/1/a" id="schedule-14-paragraph-2-1-a"><Pnumber>a</Pnumber><P3para><Text>to restrict, distort or prevent competition to any significant extent, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/2/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/2/1/b" id="schedule-14-paragraph-2-1-b"><Pnumber>b</Pnumber><P3para><Text>otherwise to affect the question whether the recognition order granted to the body should continue in force,</Text></P3para></P3><Text>it shall within seven days give the Secretary of State written notice of the amendment, revocation or addition.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/2/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/2/2" id="schedule-14-paragraph-2-2"><Pnumber>2</Pnumber><P2para><Text>Notice need not be given under sub-paragraph (1) of the revocation of guidance not intended to have continuing effect or issued otherwise than in writing or other legible form, or of any amendment or addition to guidance which does not result in or consist of guidance which is intended to have continuing effect and is issued in writing or other legible form.</Text></P2para></P2></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/part/I/crossheading/continuing-scrutiny-by-the-director-general-of-fair-trading" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/part/I/crossheading/continuing-scrutiny-by-the-director-general-of-fair-trading" NumberOfProvisions="1" id="schedule-14-part-I-crossheading-continuing-scrutiny-by-the-director-general-of-fair-trading" RestrictStartDate="2004-05-01"><Title> Continuing scrutiny by the Director General of Fair Trading</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/3" RestrictExtent="E+W+S" RestrictStartDate="2003-04-01" ConfersPower="true" id="schedule-14-paragraph-3"><Pnumber>3</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/3/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/3/1" id="schedule-14-paragraph-3-1"><Pnumber>1</Pnumber><P2para><Text>The <Addition ChangeId="d29p13436" CommentaryRef="c13698081">OFT</Addition> shall keep under review the rules made or guidance issued by a recognised supervisory or qualifying body, and if <Addition ChangeId="d29p13440" CommentaryRef="c13698091">it</Addition> is of the opinion that any rules or guidance of such a body have, or are intended or likely to have, to any significant extent the effect of restricting, distorting or preventing competition, <Addition ChangeId="d29p13444" CommentaryRef="c13698091">it</Addition> shall report <Addition ChangeId="d29p13448" CommentaryRef="c13698091">its</Addition> opinion to the Secretary of State, stating what in <Addition ChangeId="d29p13452" CommentaryRef="c13698091">its</Addition> opinion the effect is or is likely to be.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/3/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/3/2" id="schedule-14-paragraph-3-2"><Pnumber>2</Pnumber><P2para><Text>The Secretary of State shall send to the <Addition ChangeId="d29p13462" CommentaryRef="c13698081">OFT</Addition>copies of any notice received by him under paragraph 2, together with such other information as he considers will assist the <Addition ChangeId="d29p13466" CommentaryRef="c13698081">OFT</Addition>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/3/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/3/3" id="schedule-14-paragraph-3-3"><Pnumber>3</Pnumber><P2para><Text>The <Addition ChangeId="d29p13476" CommentaryRef="c13698081">OFT</Addition> may report to the Secretary of State <Addition ChangeId="d29p13480" CommentaryRef="c13698161">its</Addition> opinion that any matter mentioned in such a notice does not have, and is not intended or likely to have, to any significant extent the effect of restricting, distorting or preventing competition.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/3/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/3/4" id="schedule-14-paragraph-3-4"><Pnumber>4</Pnumber><P2para><Text>The <Addition ChangeId="d29p13490" CommentaryRef="c13698081">OFT</Addition> may from time to time consider whether—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/3/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/3/4/a" id="schedule-14-paragraph-3-4-a"><Pnumber>a</Pnumber><P3para><Text>any practices of a recognised supervisory or qualifying body in its capacity as such, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/3/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/3/4/b" id="schedule-14-paragraph-3-4-b"><Pnumber>b</Pnumber><P3para><Text>any relevant practices required or contemplated by the rules or guidance of such a body or otherwise attributable to its conduct in its capacity as such,</Text></P3para></P3><Text>have, or are intended or likely to have, to any significant extent the effect of restricting, distorting or preventing competition and, if so, what that effect is or is likely to be; and if <Addition ChangeId="d29p13508" CommentaryRef="c13698181">it</Addition> is of that opinion  <Addition ChangeId="d29p13512" CommentaryRef="c13698181">it</Addition> shall make a report to the Secretary of State stating  <Addition ChangeId="d29p13516" CommentaryRef="c13698181">its</Addition> opinion and what the effect is or is likely to be.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/3/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/3/5" id="schedule-14-paragraph-3-5"><Pnumber>5</Pnumber><P2para><Text>The practices relevant for the purposes of sub-paragraph (4)(b) in the case of a recognised supervisory body are practices engaged in for the purposes of, or in connection with, appointment as a company auditor or the conduct of company audit work by persons who—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/3/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/3/5/a" id="schedule-14-paragraph-3-5-a"><Pnumber>a</Pnumber><P3para><Text>are eligible under its rules for appointment as a company auditor, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/3/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/3/5/b" id="schedule-14-paragraph-3-5-b"><Pnumber>b</Pnumber><P3para><Text>hold an appropriate qualification and are directors or other officers of bodies corporate which are so eligible or partners in, or employees of, partnerships which are so eligible.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/3/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/3/6" id="schedule-14-paragraph-3-6"><Pnumber>6</Pnumber><P2para><Text>The practices relevant for the purposes of sub-paragraph (4)(b) in the case of a recognised qualifying body are—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/3/6/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/3/6/a" id="schedule-14-paragraph-3-6-a"><Pnumber>a</Pnumber><P3para><Text>practices engaged in by persons in the course of seeking to obtain a recognised professional qualification from that body, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/3/6/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/3/6/b" id="schedule-14-paragraph-3-6-b"><Pnumber>b</Pnumber><P3para><Text>practices engaged in by persons approved by the body for the purposes of giving practical training to persons seeking such a qualification and which relate to such training.</Text></P3para></P3></P2para></P2></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/part/I/crossheading/investigatory-powers-of-the-director" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/part/I/crossheading/investigatory-powers-of-the-director" NumberOfProvisions="3" RestrictExtent="E+W+S" id="schedule-14-part-I-crossheading-investigatory-powers-of-the-director" RestrictStartDate="2003-04-01"><Title>Investigatory powers of the Director</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4" RestrictExtent="E+W+S" RestrictStartDate="2003-04-01" ConfersPower="true" id="schedule-14-paragraph-4"><Pnumber>4</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4/1" id="schedule-14-paragraph-4-1"><Pnumber>1</Pnumber><P2para><Text>The following powers are exercisable by the <Addition ChangeId="d29p13571" CommentaryRef="c13698221">OFT</Addition> for the purpose of investigating any matter in connection with <Addition ChangeId="d29p13575" CommentaryRef="c13698231">its</Addition> functions under paragraph 1or 3.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4/2" id="schedule-14-paragraph-4-2"><Pnumber>2</Pnumber><P2para><Text>The <Addition ChangeId="d29p13585" CommentaryRef="c13698221">OFT</Addition> may by a notice in writing require any person to produce, at a time and place specified in the notice, to the <Addition ChangeId="d29p13589" CommentaryRef="c13698221">OFT</Addition> or to any person appointed by <Addition ChangeId="d29p13593" CommentaryRef="c13698261">it</Addition> for the purpose, any documents which are specified or described in the notice and which are documents in his custody or under his control and relating to any matter relevant to the investigation.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4/3" id="schedule-14-paragraph-4-3"><Pnumber>3</Pnumber><P2para><Text>The <Addition ChangeId="d29p13603" CommentaryRef="c13698221">OFT</Addition> may by a notice in writing require any person to furnish to the <Addition ChangeId="d29p13607" CommentaryRef="c13698221">OFT</Addition> such information as may be specified or described in the notice, and specify the time within which and the manner and form in which any such information is to be furnished.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4/4" id="schedule-14-paragraph-4-4"><Pnumber>4</Pnumber><P2para><Text>A person shall not under this paragraph be required to produce any document or disclose any information which he would be entitled to refuse to produce or disclose on grounds of legal professional privilege in proceedings in the High Court or on the grounds of confidentiality as between client and professional legal adviser in proceedings in the Court of Session.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4/5" id="schedule-14-paragraph-4-5"><Pnumber>5</Pnumber><P2para><Text><CommentaryRef Ref="c18710451"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2></P1para></P1><P1group RestrictExtent="E+W+S" ConfersPower="true" RestrictStartDate="2003-06-20"><Title><Emphasis><Addition ChangeId="d29p13626" CommentaryRef="c13698321">Enforcement</Addition></Emphasis></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4A" id="schedule-14-paragraph-4A"><Pnumber PuncAfter=""><Addition ChangeId="d29p13626" CommentaryRef="c13698321">4A</Addition></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4A/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4A/1" id="schedule-14-paragraph-4A-1"><Pnumber><Addition ChangeId="d29p13626" CommentaryRef="c13698321">1</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p13626" CommentaryRef="c13698321">The court may, on an application by the </Addition><Addition ChangeId="d29p13626" CommentaryRef="c13698321">OFT</Addition><Addition ChangeId="d29p13626" CommentaryRef="c13698321">, enquire into whether any person (“</Addition><Term id="term-the-defaulter"><Addition ChangeId="d29p13626" CommentaryRef="c13698321">the defaulter</Addition></Term><Addition ChangeId="d29p13626" CommentaryRef="c13698321">”) has refused or otherwise failed, without reasonable excuse, to comply with a notice under paragraph 4.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4A/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4A/2" id="schedule-14-paragraph-4A-2"><Pnumber><Addition ChangeId="d29p13626" CommentaryRef="c13698321">2</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p13626" CommentaryRef="c13698321">An application under sub-paragraph (1) shall include details of the possible failure which the </Addition><Addition ChangeId="d29p13626" CommentaryRef="c13698321">OFT</Addition><Addition ChangeId="d29p13626" CommentaryRef="c13698321"> considers has occurred.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4A/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4A/3" id="schedule-14-paragraph-4A-3"><Pnumber><Addition ChangeId="d29p13626" CommentaryRef="c13698321">3</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p13626" CommentaryRef="c13698321">In enquiring into a case under sub-paragraph (1), the court shall hear any witness who may be produced against or on behalf of the defaulter and any statement which may be offered in defence.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4A/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4A/4" id="schedule-14-paragraph-4A-4"><Pnumber><Addition ChangeId="d29p13626" CommentaryRef="c13698321">4</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p13626" CommentaryRef="c13698321">Sub-paragraphs (5) and (6) apply where the court is satisfied, after hearing any witnesses and statements as mentioned in sub-paragraph (3), that the defaulter has refused or otherwise failed, without reasonable excuse, to comply with the notice under paragraph 4.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4A/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4A/5" id="schedule-14-paragraph-4A-5"><Pnumber><Addition ChangeId="d29p13626" CommentaryRef="c13698321">5</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p13626" CommentaryRef="c13698321">The court may punish the defaulter as it would have been able to punish him had he been guilty of contempt of court.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4A/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4A/6" id="schedule-14-paragraph-4A-6"><Pnumber><Addition ChangeId="d29p13626" CommentaryRef="c13698321">6</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p13626" CommentaryRef="c13698321">Where the defaulter is a body corporate, the court may punish any director or officer of the defaulter as it would have been able to punish that director or officer had the director or officer been guilty of contempt of court.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4A/6A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4A/6A" id="schedule-14-paragraph-4A-6A"><Pnumber><Addition ChangeId="d29p13626" CommentaryRef="c13698321"><Addition ChangeId="d29p13673" CommentaryRef="c18756101">6A</Addition></Addition></Pnumber><P2para><Text><Addition ChangeId="d29p13626" CommentaryRef="c13698321"><Addition ChangeId="d29p13673" CommentaryRef="c18756101">Where the defaulter is a partnership constituted under the law of Scotland, the court may punish any partner of the defaulter as it would have been able to punish him had he been guilty of contempt of court.</Addition></Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4A/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4A/7" id="schedule-14-paragraph-4A-7"><Pnumber><Addition ChangeId="d29p13626" CommentaryRef="c13698321">7</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p13626" CommentaryRef="c13698321">In this section “</Addition><Term id="term-the-court"><Addition ChangeId="d29p13626" CommentaryRef="c13698321">the court</Addition></Term><Addition ChangeId="d29p13626" CommentaryRef="c13698321">”—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4A/7/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4A/7/a" id="schedule-14-paragraph-4A-7-a"><Pnumber><Addition ChangeId="d29p13626" CommentaryRef="c13698321">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p13626" CommentaryRef="c13698321">in relation to England and Wales, means the High Court, and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4A/7/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4A/7/b" id="schedule-14-paragraph-4A-7-b"><Pnumber><Addition ChangeId="d29p13626" CommentaryRef="c13698321">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p13626" CommentaryRef="c13698321">in relation to Scotland, means the Court of Session.</Addition></Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4B" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4B" RestrictStartDate="2003-04-01" ConfersPower="true" id="schedule-14-paragraph-4B"><Pnumber PuncAfter=""><CommentaryRef Ref="c13698331"/>4B</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4B/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4B/1" id="schedule-14-paragraph-4B-1"><Pnumber>1</Pnumber><P2para><Text>A person commits an offence if he intentionally alters, suppresses or destroys a document which he has been required to produce by a notice under paragraph 4.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4B/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4B/2" id="schedule-14-paragraph-4B-2"><Pnumber>2</Pnumber><P2para><Text>A person who commits an offence under sub-paragraph (1) shall be liable—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4B/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4B/2/a" id="schedule-14-paragraph-4B-2-a"><Pnumber>a</Pnumber><P3para><Text>on summary conviction, to a fine not exceeding the statutory maximum;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/4B/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/4B/2/b" id="schedule-14-paragraph-4B-2-b"><Pnumber>b</Pnumber><P3para><Text>on conviction on indictment, to imprisonment for a term not exceeding two years or to a fine or to both.</Text></P3para></P3></P2para></P2></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/part/I/crossheading/publication-of-directors-reports" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/part/I/crossheading/publication-of-directors-reports" NumberOfProvisions="1" id="schedule-14-part-I-crossheading-publication-of-directors-reports" RestrictStartDate="2004-05-01"><Title> Publication of Director’s reports</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/5" RestrictExtent="E+W+S" RestrictStartDate="2003-04-01" ConfersPower="true" id="schedule-14-paragraph-5"><Pnumber>5</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/5/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/5/1" id="schedule-14-paragraph-5-1"><Pnumber>1</Pnumber><P2para><Text>The <Addition ChangeId="d29p13748" CommentaryRef="c13698341">OFT</Addition> may, if <Addition ChangeId="d29p13752" CommentaryRef="c13698341">it</Addition> thinks fit, publish any report made by <Addition ChangeId="d29p13756" CommentaryRef="c13698341">it</Addition> under paragraph 1 or 3.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/5/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/5/2" id="schedule-14-paragraph-5-2"><Pnumber>2</Pnumber><P2para><Text><Addition ChangeId="d29p13765" CommentaryRef="c13698341">It</Addition> shall exclude from a published report, so far as practicable, any matter which relates to the affairs of a particular person (other than the supervisory or qualifying body concerned) the publication of which would or might in <Addition ChangeId="d29p13769" CommentaryRef="c13698341">its</Addition> opinion seriously and prejudicially affect the interests of that person.</Text></P2para></P2></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/part/I/crossheading/powers-exercisable-by-the-secretary-of-state-in-consequence-of-report" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/part/I/crossheading/powers-exercisable-by-the-secretary-of-state-in-consequence-of-report" NumberOfProvisions="1" id="schedule-14-part-I-crossheading-powers-exercisable-by-the-secretary-of-state-in-consequence-of-report" RestrictStartDate="2004-05-01"><Title> Powers exercisable by the Secretary of State in consequence of report</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/6" RestrictExtent="E+W+S" RestrictStartDate="2003-04-01" ConfersPower="true" id="schedule-14-paragraph-6"><Pnumber>6</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/6/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/6/1" id="schedule-14-paragraph-6-1"><Pnumber>1</Pnumber><P2para><Text>The powers conferred by this section are exercisable by the Secretary of State if, having received and considered a report from the <Addition ChangeId="d29p13788" CommentaryRef="c13698391">OFT</Addition> under paragraph 3(1) or (4), it appears to him that—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/6/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/6/1/a" id="schedule-14-paragraph-6-1-a"><Pnumber>a</Pnumber><P3para><Text>any rules made or guidance issued by a recognised supervisory or qualifying body, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/6/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/6/1/b" id="schedule-14-paragraph-6-1-b"><Pnumber>b</Pnumber><P3para><Text>any such practices as are mentioned in paragraph 3(4),</Text></P3para></P3><Text>have, or are intended or likely to have, to any significant extent the effect of restricting, distorting or preventing competition and that that effect is greater than is reasonably justifiable having regard to the purposes of this Part of this Act.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/6/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/6/2" id="schedule-14-paragraph-6-2"><Pnumber>2</Pnumber><P2para><Text>The powers are—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/6/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/6/2/a" id="schedule-14-paragraph-6-2-a"><Pnumber>a</Pnumber><P3para><Text>to revoke the recognition order granted to the body concerned,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/6/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/6/2/b" id="schedule-14-paragraph-6-2-b"><Pnumber>b</Pnumber><P3para><Text>to direct it to take specified steps for the purpose of securing that the rules, guidance or practices in question do not have the effect mentioned in sub-paragraph (1), and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/6/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/6/2/c" id="schedule-14-paragraph-6-2-c"><Pnumber>c</Pnumber><P3para><Text>to make alterations in the rules of the body for that purpose.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/6/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/6/3" id="schedule-14-paragraph-6-3"><Pnumber>3</Pnumber><P2para><Text>The provisions of paragraph 3(2) to (5), (7) and (9) of Schedule 11 or, as the case may be, Schedule 12 have effect in relation to the revocation of a recognition order under sub-paragraph (2)(a) above as they have effect in relation to the revocation of such an order under that Schedule.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/6/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/6/4" id="schedule-14-paragraph-6-4"><Pnumber>4</Pnumber><P2para><Text>Before the Secretary of State exercises the power conferred by sub-paragraph (2)(b) or (c) above he shall—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/6/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/6/4/a" id="schedule-14-paragraph-6-4-a"><Pnumber>a</Pnumber><P3para><Text>give written notice of his intention to do so to the body concerned and take such steps (whether by publication or otherwise) as he thinks appropriate for bringing the notice to the attention of any other person who in his opinion is likely to be affected by the exercise of the power, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/6/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/6/4/b" id="schedule-14-paragraph-6-4-b"><Pnumber>b</Pnumber><P3para><Text>have regard to any representation made within such time as he considers reasonable by the body or any such other person.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/6/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/6/5" id="schedule-14-paragraph-6-5"><Pnumber>5</Pnumber><P2para><Text>A notice under sub-paragraph (4) shall give particulars of the manner in which the Secretary of State proposes to exercise the power in question and state the reasons for which he proposes to act; and the statement of reasons may include matters contained in any report received by him under paragraph 4.</Text></P2para></P2></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/part/I/crossheading/supplementary-provisions" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/part/I/crossheading/supplementary-provisions" NumberOfProvisions="1" id="schedule-14-part-I-crossheading-supplementary-provisions" RestrictStartDate="2004-05-01"><Title> Supplementary provisions</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/7" RestrictExtent="E+W+S" RestrictStartDate="2003-04-01" ConfersPower="true" id="schedule-14-paragraph-7"><Pnumber>7</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/7/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/7/1" id="schedule-14-paragraph-7-1"><Pnumber>1</Pnumber><P2para><Text>A direction under paragraph 6 is, on the application of the Secretary of State, enforceable by injunction or, in Scotland, by an order under section 45 of the <CommentaryRef Ref="c13698411"/>Court of Session Act 1988.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/7/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/7/2" id="schedule-14-paragraph-7-2"><Pnumber>2</Pnumber><P2para><Text>The fact that any rules made by a recognised supervisory or qualifying body have been altered by the Secretary of State, or pursuant to a direction of the Secretary of State, under paragraph 6 does not preclude their subsequent alteration or revocation by that body.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/7/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/7/3" id="schedule-14-paragraph-7-3"><Pnumber>3</Pnumber><P2para><Text>In determining for the purposes of this Part of this Schedule whether any guidance has, or is likely to have, any particular effect the Secretary of State and the <Addition ChangeId="d29p13889" CommentaryRef="c13698421">OFT</Addition> may assume that the persons to whom it is addressed will act in conformity with it.</Text></P2para></P2></P1para></P1></Pblock></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/part/II" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/part/II" NumberOfProvisions="3" id="schedule-14-part-II" RestrictStartDate="2004-05-01"><Number>Part II</Number><Title> Consequential Exemptions from Competition Law</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/part/II/crossheading/fair-trading-act-1973-c-41" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/part/II/crossheading/fair-trading-act-1973-c-41" NumberOfProvisions="1" id="schedule-14-part-II-crossheading-fair-trading-act-1973-c-41" RestrictStartDate="2004-05-01"><Title> Fair Trading Act 1973 (c. 41)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/8" RestrictExtent="E+W+S+N.I." RestrictStartDate="2003-06-20" id="schedule-14-paragraph-8"><Pnumber>8</Pnumber><P1para><Text><CommentaryRef Ref="c18755841"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/part/II/crossheading/restrictive-trade-practices-act-1976-c-34" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/part/II/crossheading/restrictive-trade-practices-act-1976-c-34" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." id="schedule-14-part-II-crossheading-restrictive-trade-practices-act-1976-c-34" RestrictStartDate="2000-03-01"><Title><CommentaryRef Ref="c13698461"/><Addition ChangeId="d29p13913">The Competition Act 1998</Addition></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/9" RestrictExtent="E+W+S+N.I." RestrictStartDate="2000-03-01" id="schedule-14-paragraph-9"><Pnumber><CommentaryRef Ref="c13698481"/><Addition ChangeId="d29p13921">9</Addition></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/9/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/9/1" id="schedule-14-paragraph-9-1"><Pnumber><Addition ChangeId="d29p13921">1</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p13921">The Chapter I prohibition does not apply to an agreement for the constitution of a recognised supervisory or qualifying body to the extent to which it relates to—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/9/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/9/1/a" id="schedule-14-paragraph-9-1-a"><Pnumber><Addition ChangeId="d29p13921">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p13921">rules of, or guidance issued by, the body; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/9/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/9/1/b" id="schedule-14-paragraph-9-1-b"><Pnumber><Addition ChangeId="d29p13921">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p13921">incidental matters connected with the rules or guidance.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/9/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/9/2" id="schedule-14-paragraph-9-2"><Pnumber><Addition ChangeId="d29p13921">2</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p13921">The Chapter I prohibition does not apply to an agreement the parties to which consist of or include—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/9/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/9/2/a" id="schedule-14-paragraph-9-2-a"><Pnumber><Addition ChangeId="d29p13921">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p13921">a recognised supervisory or qualifying body, or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/9/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/9/2/b" id="schedule-14-paragraph-9-2-b"><Pnumber><Addition ChangeId="d29p13921">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p13921">any person mentioned in paragraph 3(5) or (6) above,</Addition></Text></P3para></P3><Text><Addition ChangeId="d29p13921">to the extent to which the agreement consists of provisions the inclusion of which in the agreement is required or contemplated by the rules or guidance of that body.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/9/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/9/3" id="schedule-14-paragraph-9-3"><Pnumber><Addition ChangeId="d29p13921">3</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p13921">The Chapter I prohibition does not apply to the practices mentioned in paragraph 3(4)(a) and (b) above.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/9/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/9/4" id="schedule-14-paragraph-9-4"><Pnumber><Addition ChangeId="d29p13921">4</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p13921">Where a recognition order is revoked, sub-paragraphs (1) to (3) above are to continue to apply for a period of six months beginning with the day on which the revocation takes effect, as if the order were still in force.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/9/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/9/5" id="schedule-14-paragraph-9-5"><Pnumber><Addition ChangeId="d29p13921">5</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p13921">In this paragraph—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/9/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/9/5/a" id="schedule-14-paragraph-9-5-a"><Pnumber><Addition ChangeId="d29p13921">a</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p13921">“</Addition><Term id="term-the-chapter-i-prohibition"><Addition ChangeId="d29p13921">the Chapter I prohibition</Addition></Term><Addition ChangeId="d29p13921">” means the prohibition imposed by section 2(1) of the Competition Act 1998,</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/9/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/9/5/b" id="schedule-14-paragraph-9-5-b"><Pnumber><Addition ChangeId="d29p13921">b</Addition></Pnumber><P3para><Text><Addition ChangeId="d29p13921">references to an agreement are to be read as applying equally to, or in relation to, a decision or concerted practice,</Addition></Text></P3para></P3><Text><Addition ChangeId="d29p13921">and expressions used in this paragraph which are also used in Part I of the Competition Act 1998 are to be interpreted in the same way as for the purposes of that Part of that Act.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/9/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/9/6" id="schedule-14-paragraph-9-6"><Pnumber><Addition ChangeId="d29p13921">6</Addition></Pnumber><P2para><Text><Addition ChangeId="d29p13921">In the application of this paragraph to decisions and concerted practices, references to provisions of an agreement are to be read as references to elements of a decision or concerted practice.</Addition></Text></P2para></P2></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/part/II/crossheading/competition-act-1980-c-21" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/part/II/crossheading/competition-act-1980-c-21" NumberOfProvisions="1" id="schedule-14-part-II-crossheading-competition-act-1980-c-21" RestrictStartDate="2004-05-01"><Title> Competition Act 1980 (c. 21)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/14/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/14/paragraph/10" RestrictExtent="E+W+S+N.I." RestrictStartDate="2000-03-01" id="schedule-14-paragraph-10"><Pnumber><CommentaryRef Ref="c13698491"/>10</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock></Part></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/15" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/15" ConfersPower="true" Concurrent="false" id="schedule-15" RestrictExtent="E+W+S" RestrictStartDate="2009-10-01"><Number><CommentaryRef Ref="key-728d8765ea85703a3574d370bb563f1f"/>SCHEDULE 15</Number><TitleBlock><Title> Charges on Property of Oversea Companies</Title></TitleBlock><Reference>Section 105.</Reference><ScheduleBody><P Status="Repealed" Match="false" RestrictStartDate="2009-10-01"><Text><CommentaryRef Ref="key-728d8765ea85703a3574d370bb563f1f"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/16" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/16" NumberOfProvisions="5" id="schedule-16" RestrictExtent="E+W+S+N.I." Status="Prospective" Match="false"><Number><CommentaryRef Ref="key-b7e1e056b0726837f11ff09c5db85721"/>SCHEDULE 16</Number><TitleBlock><Title> Amendments Consequential on Part IV</Title></TitleBlock><Reference>Section 107.</Reference><ScheduleBody><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/16/crossheading/land-charges-act-1972-c-61" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/16/crossheading/land-charges-act-1972-c-61" NumberOfProvisions="1" RestrictExtent="E+W+S" id="schedule-16-crossheading-land-charges-act-1972-c-61" Status="Prospective" Match="false"><Title><CommentaryRef Ref="key-b7e1e056b0726837f11ff09c5db85721"/> Land Charges Act 1972 (c. 61)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/16/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/16/paragraph/1" id="schedule-16-paragraph-1" Status="Prospective" Match="false"><Pnumber><CommentaryRef Ref="key-b7e1e056b0726837f11ff09c5db85721"/>1</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/16/crossheading/companies-act-1985-c-6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/16/crossheading/companies-act-1985-c-6" NumberOfProvisions="2" id="schedule-16-crossheading-companies-act-1985-c-6" Status="Prospective" Match="false"><Title><CommentaryRef Ref="key-b7e1e056b0726837f11ff09c5db85721"/> Companies Act 1985 (c. 6)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/16/paragraph/1A" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/16/paragraph/1A" id="schedule-16-paragraph-1A" Status="Prospective" Match="false"><Pnumber><CommentaryRef Ref="key-b7e1e056b0726837f11ff09c5db85721"/>1A</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/16/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/16/paragraph/2" id="schedule-16-paragraph-2" Status="Prospective" Match="false"><Pnumber><CommentaryRef Ref="key-b7e1e056b0726837f11ff09c5db85721"/>2</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/16/crossheading/insolvency-act-1986-c-45" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/16/crossheading/insolvency-act-1986-c-45" NumberOfProvisions="1" id="schedule-16-crossheading-insolvency-act-1986-c-45" Status="Prospective" Match="false"><Title><CommentaryRef Ref="key-b7e1e056b0726837f11ff09c5db85721"/> Insolvency Act 1986 (c. 45)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/16/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/16/paragraph/3" id="schedule-16-paragraph-3" Status="Prospective" Match="false"><Pnumber><CommentaryRef Ref="key-b7e1e056b0726837f11ff09c5db85721"/>3</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/16/crossheading/company-directors-disqualification-act-1986-c-46" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/16/crossheading/company-directors-disqualification-act-1986-c-46" NumberOfProvisions="1" id="schedule-16-crossheading-company-directors-disqualification-act-1986-c-46" Status="Prospective" Match="false"><Title><CommentaryRef Ref="key-b7e1e056b0726837f11ff09c5db85721"/> Company Directors Disqualification Act 1986 (c. 46)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/16/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/16/paragraph/4" id="schedule-16-paragraph-4" Status="Prospective" Match="false"><Pnumber><CommentaryRef Ref="key-b7e1e056b0726837f11ff09c5db85721"/>4</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17" NumberOfProvisions="10" id="schedule-17" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Number><CommentaryRef Ref="M_F_69716203-3757-43ad-90bf-2406413a35f9"/>SCHEDULE 17</Number><TitleBlock><Title> Company Contracts, Seals, &amp;c.: Further Provisions</Title></TitleBlock><Reference>Section 130(7).</Reference><ScheduleBody><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/crossheading/execution-of-deeds-abroad" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/crossheading/execution-of-deeds-abroad" NumberOfProvisions="1" id="schedule-17-crossheading-execution-of-deeds-abroad" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/paragraph/1" id="schedule-17-paragraph-1" RestrictStartDate="2009-10-01" Status="Repealed"><Pnumber><CommentaryRef Ref="M_F_69716203-3757-43ad-90bf-2406413a35f9"/>1</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/crossheading/official-seal-for-use-abroad" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/crossheading/official-seal-for-use-abroad" NumberOfProvisions="1" id="schedule-17-crossheading-official-seal-for-use-abroad" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/paragraph/2" id="schedule-17-paragraph-2" RestrictStartDate="2009-10-01" Status="Repealed"><Pnumber><CommentaryRef Ref="M_F_69716203-3757-43ad-90bf-2406413a35f9"/>2</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/crossheading/official-seal-for-share-certificates-c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/crossheading/official-seal-for-share-certificates-c" NumberOfProvisions="1" id="schedule-17-crossheading-official-seal-for-share-certificates-c" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/paragraph/3" id="schedule-17-paragraph-3" RestrictStartDate="2009-10-01" Status="Repealed"><Pnumber><CommentaryRef Ref="M_F_69716203-3757-43ad-90bf-2406413a35f9"/>3</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/crossheading/authentication-of-documents" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/crossheading/authentication-of-documents" NumberOfProvisions="1" id="schedule-17-crossheading-authentication-of-documents" RestrictStartDate="2009-10-01"><Title> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/paragraph/4" RestrictExtent="E+W+S+N.I." RestrictStartDate="2007-04-06" id="schedule-17-paragraph-4"><Pnumber><CommentaryRef Ref="M_F_69716203-3757-43ad-90bf-2406413a35f9"/>4</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/crossheading/share-certificate-as-evidence-of-title" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/crossheading/share-certificate-as-evidence-of-title" NumberOfProvisions="1" id="schedule-17-crossheading-share-certificate-as-evidence-of-title" RestrictStartDate="2009-10-01"><Title> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/paragraph/5" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06" id="schedule-17-paragraph-5"><Pnumber><CommentaryRef Ref="M_F_69716203-3757-43ad-90bf-2406413a35f9"/>5</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/crossheading/share-warrants-to-bearer" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/crossheading/share-warrants-to-bearer" NumberOfProvisions="1" id="schedule-17-crossheading-share-warrants-to-bearer" RestrictStartDate="2009-10-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/paragraph/6" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06" id="schedule-17-paragraph-6"><Pnumber><CommentaryRef Ref="M_F_69716203-3757-43ad-90bf-2406413a35f9"/>6</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/crossheading/identification-of-company-on-common-seal" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/crossheading/identification-of-company-on-common-seal" NumberOfProvisions="1" id="schedule-17-crossheading-identification-of-company-on-common-seal" RestrictStartDate="2009-10-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/paragraph/7" id="schedule-17-paragraph-7" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="M_F_69716203-3757-43ad-90bf-2406413a35f9"/>7</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/crossheading/floating-charges-under-scots-law" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/crossheading/floating-charges-under-scots-law" NumberOfProvisions="3" id="schedule-17-crossheading-floating-charges-under-scots-law" RestrictStartDate="2009-10-01"><Title>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/paragraph/8" id="schedule-17-paragraph-8" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="M_F_69716203-3757-43ad-90bf-2406413a35f9"/>8</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/paragraph/9" id="schedule-17-paragraph-9" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="M_F_69716203-3757-43ad-90bf-2406413a35f9"/>9</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/17/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/17/paragraph/10" id="schedule-17-paragraph-10" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="M_F_69716203-3757-43ad-90bf-2406413a35f9"/>10</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </Text></P1para></P1></Pblock></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18" NumberOfProvisions="47" id="schedule-18" RestrictExtent="E+W+S+N.I." RestrictStartDate="2015-05-26"><Number>SCHEDULE 18</Number><TitleBlock><Title>“Subsidiary” and related expressions: consequential amendments and savings</Title></TitleBlock><Reference>Section 144(4).</Reference><ScheduleBody><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/coal-industry-nationalisation-act-1946-c-59" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/coal-industry-nationalisation-act-1946-c-59" NumberOfProvisions="1" id="schedule-18-crossheading-coal-industry-nationalisation-act-1946-c-59" RestrictStartDate="2009-10-01"><Title> Coal Industry Nationalisation Act 1946 (c. 59)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/1" RestrictExtent="E+W+S+N.I." id="schedule-18-paragraph-1" RestrictStartDate="2009-10-01"><Pnumber>1</Pnumber><P1para><Text>In Schedule 2A to the Coal Industry Nationalisation Act 1946 (eligibility for superannuation benefits), in the definition of “subsidiary” in paragraph 5 of the Table, for “section 154 of the Companies Act 1948” substitute “section 736 of the Companies Act 1985”.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/electricity-act-1947-c-54" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/electricity-act-1947-c-54" NumberOfProvisions="1" id="schedule-18-crossheading-electricity-act-1947-c-54" RestrictStartDate="2009-10-01"><Title> Electricity Act 1947 (c. 54)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/2" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-07-22" id="schedule-18-paragraph-2"><Pnumber>2</Pnumber><P1para><Text><CommentaryRef Ref="c18756451"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/landlord-and-tenant-act-1954-c-56" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/landlord-and-tenant-act-1954-c-56" NumberOfProvisions="1" RestrictExtent="E+W+S" id="schedule-18-crossheading-landlord-and-tenant-act-1954-c-56" RestrictStartDate="2009-10-01"><Title> Landlord and Tenant Act 1954 (c. 56)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/3" RestrictExtent="E+W+S" RestrictStartDate="2004-06-01" id="schedule-18-paragraph-3"><Pnumber>3</Pnumber><P1para><Text><CommentaryRef Ref="c18756081"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/transport-act-1962-c-46" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/transport-act-1962-c-46" NumberOfProvisions="1" id="schedule-18-crossheading-transport-act-1962-c-46" RestrictStartDate="2009-10-01"><Title> Transport Act 1962 (c. 46)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/4" id="schedule-18-paragraph-4" RestrictStartDate="2009-10-01"><Pnumber>4</Pnumber><P1para><Text>In the Transport Act 1946, in the definition of “<Term id="term-subsidiary">subsidiary</Term>” in section 92(1)

			(interpretation) omit the words  “(taking references in that section to a company as being references to a body corporate)”.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/harbours-act-1964-c-40" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/harbours-act-1964-c-40" NumberOfProvisions="1" id="schedule-18-crossheading-harbours-act-1964-c-40" RestrictStartDate="2009-10-01"><Title> Harbours Act 1964 (c. 40)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/5" id="schedule-18-paragraph-5" RestrictStartDate="2009-10-01"><Pnumber>5</Pnumber><P1para><Text>In section 57(1) of the Harbours Act 1964 (interpretation), in the definition of  “marine work” for  “section 154 of the Companies Act 1948” substitute <InlineAmendment>“
                section 736 of the Companies Act 1985
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/general-rate-act-1967-c-9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/general-rate-act-1967-c-9" NumberOfProvisions="1" id="schedule-18-crossheading-general-rate-act-1967-c-9" RestrictStartDate="2009-10-01"><Title> General Rate Act 1967 (c. 9)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/6" id="schedule-18-paragraph-6" RestrictStartDate="2009-10-01"><Pnumber>6</Pnumber><P1para><Text>In section 32A of the General Rate Act 1967 (rateable premises of Transport Boards), in the definition of “<Term id="term-subsidiary">subsidiary</Term>” in subsection (6) omit the words  “(taking references in that section to a company as being references to a body corporate)”.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/transport-act-1968-c-73" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/transport-act-1968-c-73" NumberOfProvisions="1" id="schedule-18-crossheading-transport-act-1968-c-73" RestrictStartDate="2009-10-01"><Title> Transport Act 1968 (c. 73)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/7" RestrictExtent="E+W+S" RestrictStartDate="1996-01-01" id="schedule-18-paragraph-7"><Pnumber><CommentaryRef Ref="c13698691"/>7</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/post-office-act-1969-c-48" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/post-office-act-1969-c-48" NumberOfProvisions="1" id="schedule-18-crossheading-post-office-act-1969-c-48" RestrictStartDate="2009-10-01"><Title> Post Office Act 1969 (c. 48)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/8" id="schedule-18-paragraph-8" RestrictStartDate="2009-10-01"><Pnumber>8</Pnumber><P1para><Text>In section 86 of the Post Office Act 1969 (interpretation), in subsection (2) for  “736(5)(b)” substitute <InlineAmendment>“
                736
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/industry-act-1972-c-63" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/industry-act-1972-c-63" NumberOfProvisions="1" id="schedule-18-crossheading-industry-act-1972-c-63" RestrictStartDate="2009-10-01"><Title> Industry Act 1972 (c. 63)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/9" id="schedule-18-paragraph-9" RestrictStartDate="2009-10-01"><Pnumber>9</Pnumber><P1para><Text>In section 10 of the Industry Act 1972 (construction credits), in subsection (9) for  “for the purposes of the Companies Act 1985 by section 736 of that Act” substitute <InlineAmendment>“
                by section 736 of the Companies Act 1985
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/coal-industry-act-1973-c-8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/coal-industry-act-1973-c-8" NumberOfProvisions="1" id="schedule-18-crossheading-coal-industry-act-1973-c-8" RestrictStartDate="2009-10-01"><Title> Coal Industry Act 1973 (c. 8)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/10" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-03-27" id="schedule-18-paragraph-10"><Pnumber>10</Pnumber><P1para><Text><CommentaryRef Ref="c18717461"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/industry-act-1975-c-68" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/industry-act-1975-c-68" NumberOfProvisions="1" id="schedule-18-crossheading-industry-act-1975-c-68" RestrictStartDate="2009-10-01"><Title> Industry Act 1975 (c. 68)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/11" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-07-22" id="schedule-18-paragraph-11"><Pnumber>11</Pnumber><P1para><Text><CommentaryRef Ref="c18756461"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/scottish-development-agency-act-1975-c-69" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/scottish-development-agency-act-1975-c-69" NumberOfProvisions="1" id="schedule-18-crossheading-scottish-development-agency-act-1975-c-69" RestrictStartDate="2009-10-01"><Title> Scottish Development Agency Act 1975 (c. 69)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/12" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/12" id="schedule-18-paragraph-12" RestrictStartDate="2009-10-01"><Pnumber><Addition ChangeId="d29p15320" CommentaryRef="c13698711">12</Addition></Pnumber><P1para><Text><Addition ChangeId="d29p15320" CommentaryRef="c13698711">In section 25(1) of the Scottish Development Agency Act 1975 (interpretation), in the definition of  “wholly-owned subsidiary” for  “section 736(5)(b)” substitute </Addition><InlineAmendment><Addition ChangeId="d29p15320" CommentaryRef="c13698711">“
                section 736
              ”</Addition></InlineAmendment><Addition ChangeId="d29p15320" CommentaryRef="c13698711">.</Addition></Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/welsh-development-agency-act-1975-c-70" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/welsh-development-agency-act-1975-c-70" NumberOfProvisions="1" id="schedule-18-crossheading-welsh-development-agency-act-1975-c-70" RestrictStartDate="2009-10-01"><Title> Welsh Development Agency Act 1975 (c. 70)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/13" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/13" id="schedule-18-paragraph-13" RestrictStartDate="2009-10-01"><Pnumber>13</Pnumber><P1para><Text>In section 27(1) of the Welsh Development Agency Act 1975 (interpretation), in the definition of  “wholly-owned subsidiary” for  “section 736(5)(b)” substitute <InlineAmendment>“
                section 736
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/restrictive-trade-practices-act-1976-c-41" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/restrictive-trade-practices-act-1976-c-41" NumberOfProvisions="1" id="schedule-18-crossheading-restrictive-trade-practices-act-1976-c-41" RestrictStartDate="2009-10-01"><Title> Restrictive Trade Practices Act 1976 (c. 41)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/14" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/14" RestrictExtent="E+W+S+N.I." RestrictStartDate="2000-03-01" id="schedule-18-paragraph-14"><Pnumber><CommentaryRef Ref="c13698721"/>14</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/industrial-common-ownership-act-1976-c-78" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/industrial-common-ownership-act-1976-c-78" NumberOfProvisions="1" id="schedule-18-crossheading-industrial-common-ownership-act-1976-c-78" RestrictStartDate="2009-10-01"><Title> Industrial Common Ownership Act 1976 (c. 78)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/15" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/15" id="schedule-18-paragraph-15" RestrictStartDate="2009-10-01"><Pnumber>15</Pnumber><P1para><Text>In section 2(5) of the Industrial Common Ownership Act 1976 (common ownership and co-operative enterprises) for  “for the purposes of the Companies Act 1985” substitute <InlineAmendment>“
                as defined by section 736 of the Companies Act 1985 or for the purposes of
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/aircraft-and-shipbuilding-industries-act-1977-c-3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/aircraft-and-shipbuilding-industries-act-1977-c-3" NumberOfProvisions="1" id="schedule-18-crossheading-aircraft-and-shipbuilding-industries-act-1977-c-3" RestrictStartDate="2015-05-26"><Title> Aircraft and Shipbuilding Industries Act 1977 (c. 3)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/16" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/16" id="schedule-18-paragraph-16" RestrictStartDate="2015-05-26" RestrictExtent="E+W+S+N.I."><Pnumber><CommentaryRef Ref="key-c6591adbc7dcaf31401c0828005e75a3"/>16</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/nuclear-industry-finance-act-1977-c-7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/nuclear-industry-finance-act-1977-c-7" NumberOfProvisions="1" id="schedule-18-crossheading-nuclear-industry-finance-act-1977-c-7" RestrictStartDate="2009-10-01"><Title> Nuclear Industry (Finance) Act 1977 (c. 7)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/17" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/17" id="schedule-18-paragraph-17" RestrictStartDate="2009-10-01"><Pnumber>17</Pnumber><P1para><Text>In section 3 of the Nuclear Industry (Finance) Act 1977 (expenditure on acquisition of shares in National Nuclear Corporation Ltd and subsidiaries), after  “within the meaning of” insert <InlineAmendment>“
                section 736 of
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/coal-industry-act-1977-c-39" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/coal-industry-act-1977-c-39" NumberOfProvisions="1" id="schedule-18-crossheading-coal-industry-act-1977-c-39" RestrictStartDate="2009-10-01"><Title> Coal Industry Act 1977 (c. 39)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/18" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/18" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-03-27" id="schedule-18-paragraph-18"><Pnumber>18</Pnumber><P1para><Text><CommentaryRef Ref="c18727971"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/shipbuilding-redundancy-payments-act-1978-c-11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/shipbuilding-redundancy-payments-act-1978-c-11" NumberOfProvisions="1" id="schedule-18-crossheading-shipbuilding-redundancy-payments-act-1978-c-11" RestrictStartDate="2009-10-01"><Title> Shipbuilding (Redundancy Payments) Act 1978 (c. 11)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/19" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/19" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-07-22" id="schedule-18-paragraph-19"><Pnumber>19</Pnumber><P1para><Text><CommentaryRef Ref="c18756511"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/capital-gains-tax-act-1979-c-14" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/capital-gains-tax-act-1979-c-14" NumberOfProvisions="1" id="schedule-18-crossheading-capital-gains-tax-act-1979-c-14" RestrictStartDate="2009-10-01"><Title> Capital Gains Tax Act 1979 (c. 14)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/20" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/20" RestrictExtent="E+W+S" RestrictStartDate="1992-03-06" id="schedule-18-paragraph-20"><Pnumber><CommentaryRef Ref="c13698741"/>20</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/crown-agents-act-1979-c-43" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/crown-agents-act-1979-c-43" NumberOfProvisions="1" id="schedule-18-crossheading-crown-agents-act-1979-c-43" RestrictStartDate="2009-10-01"><Title> Crown Agents Act 1979 (c. 43)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/21" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/21" id="schedule-18-paragraph-21" RestrictStartDate="2009-10-01"><Pnumber>21</Pnumber><P1para><Text>In section 31(1) of the Crown Agents Act 1979 (interpretation), in the definition of  “wholly-owned subsidiary” for  “section 736(5)(b)” substitute <InlineAmendment>“
                section 736(2)
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/competition-act-1980-c-21" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/competition-act-1980-c-21" NumberOfProvisions="1" id="schedule-18-crossheading-competition-act-1980-c-21" RestrictStartDate="2009-10-01"><Title> Competition Act 1980 (c. 21)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/22" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/22" id="schedule-18-paragraph-22" RestrictStartDate="2009-10-01"><Pnumber>22</Pnumber><P1para><Text>In sections 11(3)(f) and 12 of the Competition Act 1980 (references relating to public bodies, &amp;c.), after  “within the meaning of” insert <InlineAmendment>“
                section 736 of
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/british-aerospace-act-1980-c-26" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/british-aerospace-act-1980-c-26" NumberOfProvisions="1" id="schedule-18-crossheading-british-aerospace-act-1980-c-26" RestrictStartDate="2009-10-01"><Title> British Aerospace Act 1980 (c. 26)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/23" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/23" id="schedule-18-paragraph-23" RestrictStartDate="2009-10-01"><Pnumber>23</Pnumber><P1para><Text>In section 14(1) of the British Aerospace Act 1980 (interpretation)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/23/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/23/a" id="schedule-18-paragraph-23-a"><Pnumber>a</Pnumber><P3para><Text>in the definition of  “subsidiary” for  “the same meaning as in the Companies Act 1948”, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/23/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/23/b" id="schedule-18-paragraph-23-b"><Pnumber>b</Pnumber><P3para><Text>in the definition of  “wholly-owned subsidiary” for  “the same meaning as it has for the purposes of section 150 of the Companies Act 1948”,</Text></P3para></P3><Text>substitute <InlineAmendment>“
                the meaning given by section 736 of the Companies Act 1985
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/local-government-planning-and-land-act-1980-c-65" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/local-government-planning-and-land-act-1980-c-65" NumberOfProvisions="1" id="schedule-18-crossheading-local-government-planning-and-land-act-1980-c-65" RestrictStartDate="2009-10-01"><Title> Local Government, Planning and Land Act 1980 (c. 65)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/24" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/24" id="schedule-18-paragraph-24" RestrictStartDate="2009-10-01"><Pnumber>24</Pnumber><P1para><Text>In sections 100(1), 141(7) and 170(1)(d) and (2) of the Local Government, Planning and Land Act 1980 (which refer to wholly-owned subsidiaries) for  “within the meaning of section 736(5)(b)” substitute <InlineAmendment>“
                as defined by section 736
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/british-telecommunications-act-1981-c-38" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/british-telecommunications-act-1981-c-38" NumberOfProvisions="1" id="schedule-18-crossheading-british-telecommunications-act-1981-c-38" RestrictStartDate="2009-10-01"><Title> British Telecommunications Act 1981 (c. 38)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/25" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/25" id="schedule-18-paragraph-25" RestrictStartDate="2009-10-01"><Pnumber>25</Pnumber><P1para><Text>In section 85 of the British Telecommunications Act 1981 (interpretation), for subsection (2) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>2</Pnumber><P2para><Text>Any reference in this Act to a subsidiary or wholly-owned subsidiary shall be construed in accordance with section 736 of the Companies Act 1985.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/transport-act-1981-c-56" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/transport-act-1981-c-56" NumberOfProvisions="1" id="schedule-18-crossheading-transport-act-1981-c-56" RestrictStartDate="2009-10-01"><Title> Transport Act 1981 (c. 56)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/26" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/26" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-07-22" id="schedule-18-paragraph-26"><Pnumber>26</Pnumber><P1para><Text><CommentaryRef Ref="c18756481"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/value-added-tax-act-1983-c-55" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/value-added-tax-act-1983-c-55" NumberOfProvisions="1" id="schedule-18-crossheading-value-added-tax-act-1983-c-55" RestrictStartDate="2009-10-01"><Title> Value Added Tax Act 1983 (c. 55)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/27" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/27" RestrictExtent="E+W+S+N.I." RestrictStartDate="1994-09-01" id="schedule-18-paragraph-27"><Pnumber><CommentaryRef Ref="c13698751"/>27</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/telecommunications-act-1984-c-12" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/telecommunications-act-1984-c-12" NumberOfProvisions="1" id="schedule-18-crossheading-telecommunications-act-1984-c-12" RestrictStartDate="2009-10-01"><Title> Telecommunications Act 1984 (c. 12)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/28" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/28" RestrictExtent="E+W+S+N.I." RestrictStartDate="2003-07-25" id="schedule-18-paragraph-28"><Pnumber><Addition ChangeId="d29p15564" CommentaryRef="c18756191">28</Addition></Pnumber><P1para><Text><Addition ChangeId="d29p15564" CommentaryRef="c18756191">In section 73(1) of the Telecommunications Act 1984 (interpretation of Part V), for “the same meaning as in” substitute “the meaning given by section 736 of”.</Addition></Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/london-regional-transport-act-1984-c-32" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/london-regional-transport-act-1984-c-32" NumberOfProvisions="1" id="schedule-18-crossheading-london-regional-transport-act-1984-c-32" RestrictStartDate="2009-10-01"><Title> London Regional Transport Act 1984 (c. 32)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/29" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/29" id="schedule-18-paragraph-29" RestrictStartDate="2009-10-01"><Pnumber>29</Pnumber><P1para><Text>In section 68 of the London Regional Transport Act 1984 (interpretation), for the definition of  “subsidiary” substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P3para><Text>“subsidiary”

						(subject to section 62 of this Act) has the meaning given by section 736 of the Companies Act 1985;</Text></P3para></BlockAmendment><AppendText>.</AppendText></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/inheritance-tax-act-1984-c-51" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/inheritance-tax-act-1984-c-51" NumberOfProvisions="1" id="schedule-18-crossheading-inheritance-tax-act-1984-c-51" RestrictStartDate="2009-10-01"><Title> Inheritance Tax Act 1984 (c. 51)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/30" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/30" id="schedule-18-paragraph-30" RestrictStartDate="2009-10-01"><Pnumber>30</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/30/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/30/1" id="schedule-18-paragraph-30-1"><Pnumber>1</Pnumber><P2para><Text>The Inheritance Tax Act 1984 is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/30/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/30/2" id="schedule-18-paragraph-30-2"><Pnumber>2</Pnumber><P2para><Text>In section 13 (dispositions by close companies for benefit of employees), in the definition of “<Term id="term-subsidiary">subsidiary</Term>” in subsection (5) for  “the same meaning as in” substitute <InlineAmendment>“
                    the meaning given by section 736 of
                  ”</InlineAmendment>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/30/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/30/3" id="schedule-18-paragraph-30-3"><Pnumber>3</Pnumber><P2para><Text>In section 103 (introductory provisions relating to relief for business property), in subsection (2) for  “the same meanings as in” substitute <InlineAmendment>“
                    the meanings given by section 736 of
                  ”</InlineAmendment>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/30/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/30/4" id="schedule-18-paragraph-30-4"><Pnumber>4</Pnumber><P2para><Text>In section 234 (interest on instalments) in subsection (3) for  “within the meaning of” substitute <InlineAmendment>“
                    as defined in section 736 of
                  ”</InlineAmendment>.</Text></P2para></P2></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/ordnance-factories-and-military-services-act-1984-c-59" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/ordnance-factories-and-military-services-act-1984-c-59" NumberOfProvisions="1" id="schedule-18-crossheading-ordnance-factories-and-military-services-act-1984-c-59" RestrictStartDate="2009-10-01"><Title> Ordnance Factories and Military Services Act 1984 (c. 59)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/31" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/31" id="schedule-18-paragraph-31" RestrictStartDate="2009-10-01"><Pnumber>31</Pnumber><P1para><Text>In section 14 of the Ordnance Factories and Military Services Act 1984 (interpretation), for the definitions of  “subsidiary” and  “wholly-owned subsidiary” substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P3para><Text>“<Term>subsidiary</Term>” and “<Term>wholly-owned subsidiary</Term>” have the meanings given by section 736 of the Companies Act 1985.</Text></P3para></BlockAmendment><AppendText>.</AppendText></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/companies-act-1985-c-6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/companies-act-1985-c-6" NumberOfProvisions="7" id="schedule-18-crossheading-companies-act-1985-c-6" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> Companies Act 1985 (c. 6)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/32" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/32" RestrictExtent="E+W+S+N.I." id="schedule-18-paragraph-32" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-86dab8da11faf9f99c4fdc0b7ab6bfa1"/>32</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/32n1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/32n1" RestrictExtent="E+W+S+N.I." id="schedule-18-paragraph-32n1" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-86dab8da11faf9f99c4fdc0b7ab6bfa1"/>33</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/34" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/34" RestrictExtent="E+W+S+N.I." id="schedule-18-paragraph-34" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-86dab8da11faf9f99c4fdc0b7ab6bfa1"/>34</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/35" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/35" RestrictExtent="E+W+S+N.I." id="schedule-18-paragraph-35" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-86dab8da11faf9f99c4fdc0b7ab6bfa1"/>35</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/36" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/36" RestrictExtent="E+W+S+N.I." id="schedule-18-paragraph-36" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-86dab8da11faf9f99c4fdc0b7ab6bfa1"/>36</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/36n1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/36n1" RestrictExtent="E+W+S+N.I." id="schedule-18-paragraph-36n1" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-86dab8da11faf9f99c4fdc0b7ab6bfa1"/>37</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/36n2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/36n2" RestrictExtent="E+W+S+N.I." id="schedule-18-paragraph-36n2" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-86dab8da11faf9f99c4fdc0b7ab6bfa1"/>38</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/transport-act-1985-c-67" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/transport-act-1985-c-67" NumberOfProvisions="1" id="schedule-18-crossheading-transport-act-1985-c-67" RestrictStartDate="2009-10-01"><Title> Transport Act 1985 (c. 67)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/39" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/39" id="schedule-18-paragraph-39" RestrictStartDate="2009-10-01"><Pnumber>39</Pnumber><P1para><Text>In section 137(1) of the Transport Act 1985 (interpretation), in the definition of  “subsidiary” for the words from  “as defined” to the end substitute <InlineAmendment>“
                within the meaning of section 736 of the Companies Act 1985 as originally enacted (and not as substituted by section 144(1) of the Companies Act 1989);
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/housing-act-1985-c-68" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/housing-act-1985-c-68" NumberOfProvisions="1" id="schedule-18-crossheading-housing-act-1985-c-68" RestrictStartDate="2009-10-01"><Title> Housing Act 1985 (c. 68)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/40" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/40" id="schedule-18-paragraph-40" RestrictStartDate="2009-10-01"><Pnumber>40</Pnumber><P1para><Text>In section 622 of the Housing Act 1985 (minor definitions: general), in the definition of  “subsidiary” for  “the same meaning as in” substitute <InlineAmendment>“
                the meaning given by section 736 of
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/housing-associations-act-1985-c-69" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/housing-associations-act-1985-c-69" NumberOfProvisions="1" id="schedule-18-crossheading-housing-associations-act-1985-c-69" RestrictStartDate="2009-10-01"><Title> Housing Associations Act 1985 (c. 69)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/41" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/41" id="schedule-18-paragraph-41" RestrictStartDate="2009-10-01"><Pnumber>41</Pnumber><P1para><Text>In section 101 of the Housing Associations Act 1985 (minor definitions: Part II), in the definition of  “subsidiary” for  “the same meaning as in” substitute <InlineAmendment>“
                the meaning given by section 736 of
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/atomic-energy-authority-act-1986-c-3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/atomic-energy-authority-act-1986-c-3" NumberOfProvisions="1" id="schedule-18-crossheading-atomic-energy-authority-act-1986-c-3" RestrictStartDate="2009-10-01"><Title> Atomic Energy Authority Act 1986 (c. 3)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/42" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/42" id="schedule-18-paragraph-42" RestrictStartDate="2009-10-01"><Pnumber>42</Pnumber><P1para><Text>In section 9 of the Atomic Energy Authority Act 1986 (interpretation), in the definition of  “subsidiary” and  “wholly-owned subsidiary” for  “have the same meaning as in” substitute <InlineAmendment>“
                have the meaning given by section 736 of
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/airports-act-1986-c-31" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/airports-act-1986-c-31" NumberOfProvisions="1" id="schedule-18-crossheading-airports-act-1986-c-31" RestrictStartDate="2009-10-01"><Title> Airports Act 1986 (c. 31)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/43" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/43" id="schedule-18-paragraph-43" RestrictStartDate="2009-10-01"><Pnumber>43</Pnumber><P1para><Text>In section 82 of the Airports Act 1986 (general interpretation), in the definition of  “subsidiary” for  “has the same meaning as in” substitute <InlineAmendment>“
                has the meaning given by section 736 of
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/gas-act-1986-c-44" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/gas-act-1986-c-44" NumberOfProvisions="1" id="schedule-18-crossheading-gas-act-1986-c-44" RestrictStartDate="2009-10-01"><Title> Gas Act 1986 (c. 44)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/44" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/44" id="schedule-18-paragraph-44" RestrictStartDate="2009-10-01"><Pnumber>44</Pnumber><P1para><Text>In the Gas Act 1986—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/44/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/44/a" id="schedule-18-paragraph-44-a"><Pnumber>a</Pnumber><P3para><Text>in section 48(1)

					(interpretation of Part I), in the definitions of  “holding company” and  “subsidiary”, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/44/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/44/b" id="schedule-18-paragraph-44-b"><Pnumber>b</Pnumber><P3para><Text>in section 61(1)

					(interpretation of Part II), in the definition of  “subsidiary”,</Text></P3para></P3><Text>for  “has the same meaning as in” substitute <InlineAmendment>“
                has the meaning given by section 736 of
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/building-societies-act-1986-c-53" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/building-societies-act-1986-c-53" NumberOfProvisions="1" id="schedule-18-crossheading-building-societies-act-1986-c-53" RestrictStartDate="2009-10-01"><Title> Building Societies Act 1986 (c. 53)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/45" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/45" id="schedule-18-paragraph-45" RestrictStartDate="2009-10-01"><Pnumber>45</Pnumber><P1para><Text>In section 119 of the Building Societies Act 1986 (interpretation), in the definition of  “subsidiary” for  “has the same meaning as in” substitute <InlineAmendment>“
                has the meaning given by section 736 of
              ”</InlineAmendment>.</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/income-and-corporation-taxes-act-1988-c-1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/income-and-corporation-taxes-act-1988-c-1" NumberOfProvisions="1" id="schedule-18-crossheading-income-and-corporation-taxes-act-1988-c-1" RestrictStartDate="2009-10-01"><Title> Income and Corporation Taxes Act 1988 (c. 1)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/46" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/46" RestrictExtent="E+W+S+N.I." RestrictStartDate="2003-04-06" id="schedule-18-paragraph-46"><Pnumber>46</Pnumber><P1para><Text><CommentaryRef Ref="c18756171"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/crossheading/british-steel-act-1988-c-35" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/crossheading/british-steel-act-1988-c-35" NumberOfProvisions="1" id="schedule-18-crossheading-british-steel-act-1988-c-35" RestrictStartDate="2009-10-01"><Title> British Steel Act 1988 (c. 35)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/18/paragraph/47" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/47" id="schedule-18-paragraph-47" RestrictStartDate="2009-10-01"><Pnumber>47</Pnumber><P1para><Text>In section 15(1) of the British Steel Act 1988 (interpretation), in the definition of  “subsidiary” for  “has the same meaning as in” substitute <InlineAmendment>“
                has the meaning given by section 736 of
              ”</InlineAmendment>.</Text></P1para></P1></Pblock></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19" NumberOfProvisions="21" id="schedule-19" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Number>SCHEDULE 19</Number><TitleBlock><Title> Minor amendments of the Companies Act 1985</Title></TitleBlock><Reference>Section 145.</Reference><ScheduleBody><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/crossheading/correction-of-crossreference" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/crossheading/correction-of-crossreference" NumberOfProvisions="1" id="schedule-19-crossheading-correction-of-crossreference" RestrictStartDate="2009-10-01"><Title> Correction of cross-reference</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/8" RestrictExtent="E+W+S+N.I." id="schedule-19-paragraph-8" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-1e9f4f2b4681eb6e295fc6a1f5114d74"/>1</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/crossheading/particulars-to-be-given-of-directors-and-secretaries" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/crossheading/particulars-to-be-given-of-directors-and-secretaries" NumberOfProvisions="6" id="schedule-19-crossheading-particulars-to-be-given-of-directors-and-secretaries" RestrictStartDate="2009-10-01"><Title> Particulars to be given of directors and secretaries</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/8n1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/8n1" RestrictExtent="E+W+S+N.I." id="schedule-19-paragraph-8n1" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-1e9f4f2b4681eb6e295fc6a1f5114d74"/>2</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/8n2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/8n2" RestrictExtent="E+W+S+N.I." id="schedule-19-paragraph-8n2" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-1e9f4f2b4681eb6e295fc6a1f5114d74"/>3</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/8n3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/8n3" RestrictExtent="E+W+S+N.I." id="schedule-19-paragraph-8n3" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-1e9f4f2b4681eb6e295fc6a1f5114d74"/>4</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/8n4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/8n4" RestrictExtent="E+W+S+N.I." id="schedule-19-paragraph-8n4" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-1e9f4f2b4681eb6e295fc6a1f5114d74"/>5</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/8n5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/8n5" RestrictExtent="E+W+S+N.I." id="schedule-19-paragraph-8n5" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-1e9f4f2b4681eb6e295fc6a1f5114d74"/>6</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/8n6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/8n6" RestrictExtent="E+W+S+N.I." id="schedule-19-paragraph-8n6" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-1e9f4f2b4681eb6e295fc6a1f5114d74"/>7</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/crossheading/transactions-with-directors-not-requiring-authorisation" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/crossheading/transactions-with-directors-not-requiring-authorisation" NumberOfProvisions="1" id="schedule-19-crossheading-transactions-with-directors-not-requiring-authorisation" RestrictStartDate="2009-10-01"><Title> Transactions with directors not requiring authorisation</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/8n7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/8n7" RestrictExtent="E+W+S+N.I." id="schedule-19-paragraph-8n7" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-1e9f4f2b4681eb6e295fc6a1f5114d74"/>8</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/crossheading/time-limit-for-holding-extraordinary-general-meeting-convened-on-members-requisition" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/crossheading/time-limit-for-holding-extraordinary-general-meeting-convened-on-members-requisition" NumberOfProvisions="1" id="schedule-19-crossheading-time-limit-for-holding-extraordinary-general-meeting-convened-on-members-requisition" RestrictStartDate="2009-10-01"><Title> Time limit for holding extraordinary general meeting convened on members’ requisition</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/9" RestrictExtent="E+W+S+N.I." id="schedule-19-paragraph-9" RestrictStartDate="2009-10-01"><Pnumber><CommentaryRef Ref="key-1e9f4f2b4681eb6e295fc6a1f5114d74"/>9</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/crossheading/removal-of-restriction-on-transfer-of-shares" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/crossheading/removal-of-restriction-on-transfer-of-shares" NumberOfProvisions="1" id="schedule-19-crossheading-removal-of-restriction-on-transfer-of-shares" RestrictStartDate="2009-10-01"><Title> Removal of restriction on transfer of shares</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/10" id="schedule-19-paragraph-10" RestrictStartDate="2009-10-01"><Pnumber>10</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/10/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/10/1" id="schedule-19-paragraph-10-1"><Pnumber>1</Pnumber><P2para><Text>In section 456(3) of the Companies Act 1985 (removal of restrictions by order of court), in paragraph (b)

					(order where shares to be sold)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/10/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/10/1/a" id="schedule-19-paragraph-10-1-a"><Pnumber>a</Pnumber><P3para><Text>for  “sold” substitute <InlineAmendment>“
                        transferred for valuable consideration
                      ”</InlineAmendment>, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/10/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/10/1/b" id="schedule-19-paragraph-10-1-b"><Pnumber>b</Pnumber><P3para><Text>for  “sale” substitute <InlineAmendment>“
                        transfer
                      ”</InlineAmendment>.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/10/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/10/2" id="schedule-19-paragraph-10-2"><Pnumber>2</Pnumber><P2para><Text>In section 454(2) and (3)

					(which refer to section 456(3)(b)) for  “sell” and  “sale” substitute <InlineAmendment>“
                    transfer
                  ”</InlineAmendment>.</Text></P2para></P2></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/crossheading/protection-of-companys-members-against-unfair-prejudice" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/crossheading/protection-of-companys-members-against-unfair-prejudice" NumberOfProvisions="1" id="schedule-19-crossheading-protection-of-companys-members-against-unfair-prejudice" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> Protection of company’s members against unfair prejudice</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/11" id="schedule-19-paragraph-11" Status="Prospective" Match="false"><Pnumber><CommentaryRef Ref="key-53b8c6efff2d620172c43eeb0cf3768d"/>11</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/crossheading/requirements-for-registration-by-joint-stock-companies" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/crossheading/requirements-for-registration-by-joint-stock-companies" NumberOfProvisions="1" id="schedule-19-crossheading-requirements-for-registration-by-joint-stock-companies" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> Requirements for registration by joint stock companies</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/12" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/12" RestrictExtent="E+W+S+N.I." id="schedule-19-paragraph-12" RestrictStartDate="2009-10-01" Status="Repealed"><Pnumber><CommentaryRef Ref="key-53b8c6efff2d620172c43eeb0cf3768d"/>12</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/crossheading/delivery-of-documents-by-oversea-companies" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/crossheading/delivery-of-documents-by-oversea-companies" NumberOfProvisions="1" id="schedule-19-crossheading-delivery-of-documents-by-oversea-companies" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> Delivery of documents by oversea companies</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/13" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/13" RestrictExtent="E+W+S+N.I." id="schedule-19-paragraph-13" Status="Prospective" Match="false"><Pnumber><CommentaryRef Ref="key-53b8c6efff2d620172c43eeb0cf3768d"/>13</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/crossheading/companies-registered-numbers" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/crossheading/companies-registered-numbers" NumberOfProvisions="1" id="schedule-19-crossheading-companies-registered-numbers" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> Companies’ registered numbers</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/14" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/14" RestrictExtent="E+W+S+N.I." id="schedule-19-paragraph-14" RestrictStartDate="2009-10-01" Status="Repealed"><Pnumber><CommentaryRef Ref="key-53b8c6efff2d620172c43eeb0cf3768d"/>14</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/crossheading/exemptions-from-limit-of-20-on-members-of-partnership" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/crossheading/exemptions-from-limit-of-20-on-members-of-partnership" NumberOfProvisions="2" id="schedule-19-crossheading-exemptions-from-limit-of-20-on-members-of-partnership" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> Exemptions from limit of 20 on members of partnership</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/15" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/15" RestrictExtent="E+W+S+N.I." ConfersPower="true" id="schedule-19-paragraph-15" RestrictStartDate="2009-10-01" Status="Repealed"><Pnumber><CommentaryRef Ref="key-53b8c6efff2d620172c43eeb0cf3768d"/>15</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/16" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/16" RestrictExtent="E+W+S+N.I." ConfersPower="true" id="schedule-19-paragraph-16" RestrictStartDate="2009-10-01" Status="Repealed"><Pnumber><CommentaryRef Ref="key-53b8c6efff2d620172c43eeb0cf3768d"/>16</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/crossheading/meaning-of-officer-who-is-in-default" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/crossheading/meaning-of-officer-who-is-in-default" NumberOfProvisions="1" id="schedule-19-crossheading-meaning-of-officer-who-is-in-default" RestrictStartDate="2009-10-01"><Title> Meaning of  “officer who is in default”</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/17" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/17" RestrictExtent="E+W+S+N.I." RestrictStartDate="2007-10-01" id="schedule-19-paragraph-17"><Pnumber>17</Pnumber><P1para><Text><CommentaryRef Ref="c18771361"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/crossheading/offences-committed-by-partnerships-and-other-unincorporated-bodies" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/crossheading/offences-committed-by-partnerships-and-other-unincorporated-bodies" NumberOfProvisions="1" id="schedule-19-crossheading-offences-committed-by-partnerships-and-other-unincorporated-bodies" RestrictStartDate="2009-10-01"><Title> Offences committed by partnerships and other unincorporated bodies</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/18" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/18" RestrictExtent="E+W+S+N.I." RestrictStartDate="2008-04-06" id="schedule-19-paragraph-18"><Pnumber>18</Pnumber><P1para><Text><CommentaryRef Ref="c18771371"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/crossheading/meaning-of-office-copy-in-scotland" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/crossheading/meaning-of-office-copy-in-scotland" NumberOfProvisions="1" id="schedule-19-crossheading-meaning-of-office-copy-in-scotland" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> Meaning of  “office copy” in Scotland</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/19" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/19" RestrictExtent="E+W+S+N.I." id="schedule-19-paragraph-19" RestrictStartDate="2009-10-01" Status="Repealed"><Pnumber><CommentaryRef Ref="key-8bdf5afa597d102adcea4ff58f09f1d1"/>19</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/crossheading/index-of-defined-expressions" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/crossheading/index-of-defined-expressions" NumberOfProvisions="1" id="schedule-19-crossheading-index-of-defined-expressions" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> Index of defined expressions</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/20" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/20" RestrictExtent="E+W+S+N.I." id="schedule-19-paragraph-20" RestrictStartDate="2009-10-01" Status="Repealed"><Pnumber><CommentaryRef Ref="key-8bdf5afa597d102adcea4ff58f09f1d1"/>20</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/crossheading/fraudulent-trading-by-unregistered-companies" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/crossheading/fraudulent-trading-by-unregistered-companies" NumberOfProvisions="1" id="schedule-19-crossheading-fraudulent-trading-by-unregistered-companies" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-10-01"><Title> Fraudulent trading by unregistered companies</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/19/paragraph/21" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/19/paragraph/21" RestrictExtent="E+W+S+N.I." id="schedule-19-paragraph-21" RestrictStartDate="2009-10-01" Status="Repealed"><Pnumber><CommentaryRef Ref="key-8bdf5afa597d102adcea4ff58f09f1d1"/>21</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20" NumberOfProvisions="26" id="schedule-20" RestrictStartDate="2013-03-22"><Number>SCHEDULE 20</Number><TitleBlock><Title> Amendments about mergers and related matters</Title></TitleBlock><Reference>section 153.</Reference><ScheduleBody><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/crossheading/fair-trading-act-1973-c-41" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/crossheading/fair-trading-act-1973-c-41" NumberOfProvisions="20" id="schedule-20-crossheading-fair-trading-act-1973-c-41" RestrictStartDate="2013-03-22"><Title> Fair Trading Act 1973 (c. 41)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/1" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-07-22" id="schedule-20-paragraph-1"><Pnumber>1</Pnumber><P1para><Text><CommentaryRef Ref="c18756491"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/2" RestrictExtent="E+W+S+N.I." RestrictStartDate="2003-07-25" id="schedule-20-paragraph-2"><Pnumber>2</Pnumber><P1para><Text><CommentaryRef Ref="c18756241"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/3" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29" id="schedule-20-paragraph-3"><Pnumber>3</Pnumber><P1para><Text><CommentaryRef Ref="c18717561"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/4" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29" id="schedule-20-paragraph-4"><Pnumber>4</Pnumber><P1para><Text><CommentaryRef Ref="c18728011"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/5" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29" id="schedule-20-paragraph-5"><Pnumber>5</Pnumber><P1para><Text><CommentaryRef Ref="c18728021"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/6" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29" id="schedule-20-paragraph-6"><Pnumber>6</Pnumber><P1para><Text><CommentaryRef Ref="c18755391"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/7" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29" id="schedule-20-paragraph-7"><Pnumber>7</Pnumber><P1para><Text><CommentaryRef Ref="c18755441"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/8" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29" ConfersPower="true" id="schedule-20-paragraph-8"><Pnumber>8</Pnumber><P1para><Text><CommentaryRef Ref="c18755471"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/9" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29" id="schedule-20-paragraph-9"><Pnumber>9</Pnumber><P1para><Text><CommentaryRef Ref="c18755511"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/10" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29" id="schedule-20-paragraph-10"><Pnumber>10</Pnumber><P1para><Text><CommentaryRef Ref="c18755531"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/11" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29" id="schedule-20-paragraph-11"><Pnumber>11</Pnumber><P1para><Text><CommentaryRef Ref="c18755561"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/12" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/12" RestrictExtent="E+W+S+N.I." RestrictStartDate="2003-12-29" id="schedule-20-paragraph-12"><Pnumber>12</Pnumber><P1para><Text><CommentaryRef Ref="c18756141"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/13" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/13" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-07-22" id="schedule-20-paragraph-13"><Pnumber>13</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/13/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/13/1" id="schedule-20-paragraph-13-1"><Pnumber>1</Pnumber><P2para><Text><CommentaryRef Ref="c18756161"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/13/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/13/2" id="schedule-20-paragraph-13-2"><Pnumber>2</Pnumber><P2para><Text><CommentaryRef Ref="c18757681"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P2para></P2></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/14" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/14" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29" id="schedule-20-paragraph-14"><Pnumber>14</Pnumber><P1para><Text><CommentaryRef Ref="c18755701"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/15" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/15" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29" id="schedule-20-paragraph-15"><Pnumber>15</Pnumber><P1para><Text><CommentaryRef Ref="c18755721"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/16" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/16" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29" id="schedule-20-paragraph-16"><Pnumber>16</Pnumber><P1para><Text><CommentaryRef Ref="c18755731"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/17" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/17" id="schedule-20-paragraph-17" RestrictStartDate="2013-03-22"><Pnumber>17</Pnumber><P1para><Text>In section 132(1) of that Act, after  “85(6)” there is inserted <InlineAmendment>“
                section 93B
              ”</InlineAmendment>.</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/18" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/18" id="schedule-20-paragraph-18" RestrictStartDate="2013-03-22"><Pnumber>18</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/18/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/18/1" id="schedule-20-paragraph-18-1"><Pnumber>1</Pnumber><P2para><Text>In Schedule 3 to that Act, in paragraph 16(2) for  “75” there is substituted <InlineAmendment>“
                    “73
                  ”</InlineAmendment>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/18/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/18/2" id="schedule-20-paragraph-18-2"><Pnumber>2</Pnumber><P2para><Text>This paragraph does not apply in relation to any report made before the passing of this Act.</Text></P2para></P2></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/19" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/19" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-12-29" id="schedule-20-paragraph-19"><Pnumber>19</Pnumber><P1para><Text><CommentaryRef Ref="c18755761"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/20" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/20" RestrictExtent="E+W+S+N.I." RestrictStartDate="2004-07-22" id="schedule-20-paragraph-20"><Pnumber>20</Pnumber><P1para><Text><CommentaryRef Ref="c18756501"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/crossheading/competition-act-1980-c-21" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/crossheading/competition-act-1980-c-21" NumberOfProvisions="4" id="schedule-20-crossheading-competition-act-1980-c-21" RestrictStartDate="2013-03-22"><Title> Competition Act 1980 (c. 21)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/21" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/21" RestrictExtent="E+W+S+N.I." RestrictStartDate="2000-03-01" id="schedule-20-paragraph-21"><Pnumber><CommentaryRef Ref="c13699031"/>21</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/22" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/22" RestrictExtent="E+W+S+N.I." RestrictStartDate="2000-03-01" id="schedule-20-paragraph-22"><Pnumber><CommentaryRef Ref="c13699041"/>22</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/23" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/23" RestrictExtent="E+W+S+N.I." RestrictStartDate="2000-03-01" id="schedule-20-paragraph-23"><Pnumber><CommentaryRef Ref="c13699051"/>23</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/24" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/24" RestrictExtent="E+W+S+N.I." RestrictStartDate="2000-03-01" id="schedule-20-paragraph-24"><Pnumber><CommentaryRef Ref="c13699061"/>24</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/crossheading/telecommunications-act-1984-c-12" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/crossheading/telecommunications-act-1984-c-12" NumberOfProvisions="1" id="schedule-20-crossheading-telecommunications-act-1984-c-12" RestrictStartDate="2013-03-22"><Title> Telecommunications Act 1984 (c. 12)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/25" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/25" id="schedule-20-paragraph-25" RestrictStartDate="2013-03-22"><Pnumber>25</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/25/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/25/1" id="schedule-20-paragraph-25-1"><Pnumber>1</Pnumber><P2para><Text>In section 13(9) of the Telecommunications Act 1984, after “Commission)” there is inserted <InlineAmendment>“
                    together with section 24 of the Competition Act 1980 (modification of provisions about performance of Commission’s functions)
                  ”</InlineAmendment>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/25/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/25/2" id="schedule-20-paragraph-25-2"><Pnumber>2</Pnumber><P2para><Text>The Monopolies and Mergers Commission (Performance of Functions) Order 1989 shall have effect as if sub-paragraph (1) above had come into force immediately before the making of the Order.</Text></P2para></P2></P1para></P1></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/crossheading/financial-services-act-1986-c-60" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/crossheading/financial-services-act-1986-c-60" NumberOfProvisions="1" id="schedule-20-crossheading-financial-services-act-1986-c-60" RestrictStartDate="2013-03-22"><Title> Financial Services Act 1986 (c. 60)</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/20/paragraph/26" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/20/paragraph/26" RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01" id="schedule-20-paragraph-26"><Pnumber><CommentaryRef Ref="c13699071"/>26</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></Pblock></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21" NumberOfProvisions="15" id="schedule-21" RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Number><CommentaryRef Ref="c13699081"/> SCHEDULE 21</Number><ScheduleBody><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/part/I" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/part/I" NumberOfProvisions="7" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-21-part-I" RestrictStartDate="1991-03-25"><Number>Part I</Number><Title> <Acronym Expansion="United Kingdom">U.K.</Acronym> investment exchanges</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/part/I/crossheading/default-rules" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/part/I/crossheading/default-rules" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-21-part-I-crossheading-default-rules" RestrictStartDate="1991-03-25"><Title> Default Rules</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" ConfersPower="true" Match="false" RestrictStartDate="1998-08-11"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/1" id="schedule-21-paragraph-1"><Pnumber><CommentaryRef Ref="c13699101"/>1</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/1/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/1/1" id="schedule-21-paragraph-1-1"><Pnumber>1</Pnumber><P2para><Text>The exchange must have default rules which, in the event of a member of the exchange appearing to be unable to meet his obligations in respect of one or more market contracts, enable action to be taken in respect of unsettled market contracts to which he is a party.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/1/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/1/2" id="schedule-21-paragraph-1-2"><Pnumber>2</Pnumber><P2para><Text>The rules may authorise the taking of the same or similar action in relation to a member who appears to be likely to become unable to meet his obligations in respect of one or more market contracts.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/1/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/1/3" id="schedule-21-paragraph-1-3"><Pnumber>3</Pnumber><P2para><Text>The rules must enable action to be taken in respect of all unsettled market contracts, other than those entered into by a recognised clearing house for the purposes of or in connection with the provision of clearing services for the exchange.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/1/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/1/4" id="schedule-21-paragraph-1-4"><Pnumber>4</Pnumber><P2para><Text>As regards contracts <Addition ChangeId="d29p129722" CommentaryRef="c13699111">falling within section 155(2)(b) above</Addition>, the rules must contain provision corresponding to that required by paragraphs 9 to 11 below in the case of a UK clearing house.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/1/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/1/5" id="schedule-21-paragraph-1-5"><Pnumber>5</Pnumber><P2para><Text>As regards <Addition ChangeId="d29p129732" CommentaryRef="c13699111">contracts falling within section 155(2)(a) above</Addition> the rules must contain provision complying with paragraphs 2 and 3 below.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/part/I/crossheading/content-of-rules" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/part/I/crossheading/content-of-rules" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-21-part-I-crossheading-content-of-rules" RestrictStartDate="1991-03-25"><Title> Content of rules</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" ConfersPower="true" Match="false" RestrictStartDate="1991-04-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/2" id="schedule-21-paragraph-2"><Pnumber><CommentaryRef Ref="c13699141"/>2</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/2/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/2/1" id="schedule-21-paragraph-2-1"><Pnumber>1</Pnumber><P2para><Text>The rules must provide for all rights and liabilities between those party as principal to unsettled market contracts to which the defaulter is party as principal to be discharged and for there to be paid by one party to the other such sum of money (if any) as may be determined in accordance with the rules.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/2/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/2/2" id="schedule-21-paragraph-2-2"><Pnumber>2</Pnumber><P2para><Text>The rules must further provide—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/2/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/2/2/a" id="schedule-21-paragraph-2-2-a"><Pnumber>a</Pnumber><P3para><Text>for the sums so payable in respect of different contracts between the same parties to be aggregated or set off so as to produce a net sum, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/2/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/2/2/b" id="schedule-21-paragraph-2-2-b"><Pnumber>b</Pnumber><P3para><Text>for the certification by or on behalf of the exchange of the net sum payable or, as the case may be, of the fact that no sum is payable.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/2/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/2/3" id="schedule-21-paragraph-2-3"><Pnumber>3</Pnumber><P2para><Text>The rules may make special provision with respect to, or exclude from the provisions required by sub-paragraphs (1) and (2), contracts of any description prescribed for the purposes of this sub-paragraph by regulations made by the Secretary of State.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/2/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/2/4" id="schedule-21-paragraph-2-4"><Pnumber><CommentaryRef Ref="c13699151"/>4</Pnumber><P2para><Text>The reference in sub-paragraph (1) to rights and liabilities between those party as principal to unsettled market contracts does not include rights and liabilities—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/2/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/2/4/a" id="schedule-21-paragraph-2-4-a"><Pnumber>a</Pnumber><P3para><Text>in respect of margin; or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/2/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/2/4/b" id="schedule-21-paragraph-2-4-b"><Pnumber>b</Pnumber><P3para><Text>arising out of a failure to perform a market contract.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/part/I/crossheading/notification-to-other-parties-affected" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/part/I/crossheading/notification-to-other-parties-affected" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-21-part-I-crossheading-notification-to-other-parties-affected" RestrictStartDate="1991-03-25"><Title> Notification to other parties affected</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-03-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/3" id="schedule-21-paragraph-3"><Pnumber><CommentaryRef Ref="c13699161"/>3</Pnumber><P1para><Text>The exchange must have adequate arrangements for securing that—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/3/a" id="schedule-21-paragraph-3-a"><Pnumber>a</Pnumber><P3para><Text>parties to unsettled market contracts with a defaulter acting as principal are notified as soon as reasonably practicable of the default and of any decision taken under the rules in relation to contracts to which they are a party; and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/3/b" id="schedule-21-paragraph-3-b"><Pnumber>b</Pnumber><P3para><Text>parties to unsettled market contracts with a defaulter acting as agent and the defaulter’s principals are notified as soon as reasonably practicable of the default and of the identity of the other party to the contract.</Text></P3para></P3></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/part/I/crossheading/application-of-default-rules-to-designated-nonmembers" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/part/I/crossheading/application-of-default-rules-to-designated-nonmembers" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-21-part-I-crossheading-application-of-default-rules-to-designated-nonmembers" RestrictStartDate="1991-03-25"><Title> Application of default rules to designated non-members</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-03-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/4" id="schedule-21-paragraph-4"><Pnumber><CommentaryRef Ref="c13699171"/>4</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/4/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/4/1" id="schedule-21-paragraph-4-1"><Pnumber>1</Pnumber><P2para><Text>The rules may make the same or similar provision in relation to designated non-members as in relation to members of the exchange.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/4/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/4/2" id="schedule-21-paragraph-4-2"><Pnumber>2</Pnumber><P2para><Text>If such provision is made, the exchange must have adequate procedures—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/4/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/4/2/a" id="schedule-21-paragraph-4-2-a"><Pnumber>a</Pnumber><P3para><Text>for designating the persons, or descriptions of person, in respect of whom action may be taken,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/4/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/4/2/b" id="schedule-21-paragraph-4-2-b"><Pnumber>b</Pnumber><P3para><Text>for keeping under review the question which persons or descriptions of person should be or remain so designated, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/4/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/4/2/c" id="schedule-21-paragraph-4-2-c"><Pnumber>c</Pnumber><P3para><Text>for withdrawing such designation.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/4/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/4/3" id="schedule-21-paragraph-4-3"><Pnumber>3</Pnumber><P2para><Text>The procedures shall be designed to secure that a person is not or does not remain designated if failure by him to meet his obligations in respect of one or more market contracts would be unlikely adversely to affect the operation of the market, and that a description of persons is not or does not remain designated if failure by a person of that description to meet his obligations in respect of one or more market contracts would be unlikely adversely to affect the operation of the market.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/4/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/4/4" id="schedule-21-paragraph-4-4"><Pnumber>4</Pnumber><P2para><Text>The exchange must have adequate arrangements—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/4/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/4/4/a" id="schedule-21-paragraph-4-4-a"><Pnumber>a</Pnumber><P3para><Text>for bringing a designation or withdrawal of designation to the attention of the person or description of persons concerned, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/4/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/4/4/b" id="schedule-21-paragraph-4-4-b"><Pnumber>b</Pnumber><P3para><Text>where a description of persons is designated, or the designation of a description of persons is withdrawn, for ascertaining which persons fall within that description.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/part/I/crossheading/delegation-of-functions-in-connection-with-default-procedures" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/part/I/crossheading/delegation-of-functions-in-connection-with-default-procedures" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-21-part-I-crossheading-delegation-of-functions-in-connection-with-default-procedures" RestrictStartDate="1991-03-25"><Title> Delegation of functions in connection with default procedures</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-03-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/5" id="schedule-21-paragraph-5"><Pnumber><CommentaryRef Ref="c13699181"/>5</Pnumber><P1para><Text>The rules may make provision for the whole or part of the functions mentioned in paragraphs 1 to 4 to be performed by another body or person on behalf of the exchange.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/part/I/crossheading/cooperation-with-other-authorities" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/part/I/crossheading/cooperation-with-other-authorities" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-21-part-I-crossheading-cooperation-with-other-authorities" RestrictStartDate="1991-03-25"><Title> Co-operation with other authorities</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-03-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/6" id="schedule-21-paragraph-6"><Pnumber><CommentaryRef Ref="c13699191"/>6</Pnumber><P1para><Text>The exchange must be able and willing to co-operate, by the sharing of information and otherwise, with the Secretary of State, any relevant office-holder and any other authority or body having responsibility for any matter arising out of, or connected with, the default of a member of the exchange or any designated non-member.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/part/I/crossheading/margin" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/part/I/crossheading/margin" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-21-part-I-crossheading-margin" RestrictStartDate="1991-03-25"><Title> Margin</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1998-08-11"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/7" id="schedule-21-paragraph-7"><Pnumber><CommentaryRef Ref="c13699221"/><Addition ChangeId="d29p130066" CommentaryRef="c13699211">7</Addition></Pnumber><P1para><Text><Addition ChangeId="d29p130066" CommentaryRef="c13699211">Where the exchange provides clearing services, paragraph 14 below applies in respect of any margined transactions effected by or on behalf of the exchange as it applies in relation to a clearing house.</Addition></Text></P1para></P1></P1group></Pblock></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/part/II" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/part/II" NumberOfProvisions="7" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-21-part-II" RestrictStartDate="1991-03-25"><Number>Part II</Number><Title> U.K. clearing houses</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/part/II/crossheading/default-rules" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/part/II/crossheading/default-rules" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-21-part-II-crossheading-default-rules" RestrictStartDate="1991-03-25"><Title> Default rules</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-03-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/8" id="schedule-21-paragraph-8"><Pnumber><CommentaryRef Ref="c13699231"/>8</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/8/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/8/1" id="schedule-21-paragraph-8-1"><Pnumber>1</Pnumber><P2para><Text>The clearing house must have default rules which, in the event of a member of the clearing house appearing to be unable to meet his obligations in respect of one or more market contracts, enable action to be taken to close out his position in relation to all unsettled market contracts to which he is a party.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/8/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/8/2" id="schedule-21-paragraph-8-2"><Pnumber>2</Pnumber><P2para><Text>The rules may authorise the taking of the same or similar action where a member appears to be likely to become unable to meet his obligations in respect of one or more market contracts.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/part/II/crossheading/content-of-rules" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/part/II/crossheading/content-of-rules" NumberOfProvisions="2" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-21-part-II-crossheading-content-of-rules" RestrictStartDate="1991-03-25"><Title> Content of rules</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-03-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/9" id="schedule-21-paragraph-9"><Pnumber><CommentaryRef Ref="c13699241"/>9</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/9/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/9/1" id="schedule-21-paragraph-9-1"><Pnumber>1</Pnumber><P2para><Text>The rules must provide for all rights and liabilities of the defaulter under or in respect of unsettled market contracts to be discharged and for there to be paid by or to the defaulter such sum of money (if any) as may be determined in accordance with the rules.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/9/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/9/2" id="schedule-21-paragraph-9-2"><Pnumber>2</Pnumber><P2para><Text>The rules must further provide—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/9/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/9/2/a" id="schedule-21-paragraph-9-2-a"><Pnumber>a</Pnumber><P3para><Text>for the sums so payable by or to the defaulter in respect of different contracts to be aggregated or set off so as to produce a net sum;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/9/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/9/2/b" id="schedule-21-paragraph-9-2-b"><Pnumber>b</Pnumber><P3para><Text>for that sum—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/9/2/b/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/9/2/b/i" id="schedule-21-paragraph-9-2-b-i"><Pnumber>i</Pnumber><P4para><Text>if payable by the defaulter to the clearing house, to be set off against any property provided by or on behalf of the defaulter as cover for margin (or the proceeds of realisation of such property) so as to produce a further net sum, and</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/9/2/b/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/9/2/b/ii" id="schedule-21-paragraph-9-2-b-ii"><Pnumber>ii</Pnumber><P4para><Text>if payable by the clearing house to the defaulter to be aggregated with any property provided by or on behalf of the defaulter as cover for margin (or the proceeds of realisation of such property); and</Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/9/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/9/2/c" id="schedule-21-paragraph-9-2-c"><Pnumber>c</Pnumber><P3para><Text>for the certification by or on behalf of the clearing house of the sum finally payable or, as the case may be, of the fact that no sum is payable.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-03-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/10" id="schedule-21-paragraph-10"><Pnumber><CommentaryRef Ref="c13699251"/>10</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/10/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/10/1" id="schedule-21-paragraph-10-1"><Pnumber>1</Pnumber><P2para><Text>The reference in paragraph 9 to the rights and liabilities of a defaulter under or in respect of an unsettled market contract includes (without prejudice to the generality of that provision) rights and liabilities arising in consequence of action taken under provisions of the rules authorising—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/10/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/10/1/a" id="schedule-21-paragraph-10-1-a"><Pnumber>a</Pnumber><P3para><Text>the effecting by the clearing house of corresponding contracts in relation to unsettled market contracts to which the defaulter is a party;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/10/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/10/1/b" id="schedule-21-paragraph-10-1-b"><Pnumber>b</Pnumber><P3para><Text>the transfer of the defaulter’s position under an unsettled market contract to another member of the clearing house;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/10/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/10/1/c" id="schedule-21-paragraph-10-1-c"><Pnumber>c</Pnumber><P3para><Text>the exercise by the clearing house of any option granted by an unsettled market contract.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/10/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/10/2" id="schedule-21-paragraph-10-2"><Pnumber>2</Pnumber><P2para><Text>A “<Term id="term-corresponding-contract">corresponding contract</Term>” means a contract on the same terms (except as to price or premium) as the market contract, but under which the person who is the buyer under the market contract agrees to sell and the person who is the seller under the market contract agrees to buy.</Text></P2para><P2para><Text>This sub-paragraph applies with any necessary modifications in relation to a market contract which is not an agreement to sell.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/10/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/10/3" id="schedule-21-paragraph-10-3"><Pnumber>3</Pnumber><P2para><Text>The reference in paragraph 9 to the rights and liabilities of a defaulter under or in respect of an unsettled market contract does not include, where he acts as agent, rights or liabilities of his arising out of the relationship of principal and agent.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/part/II/crossheading/notification-to-other-parties-affected" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/part/II/crossheading/notification-to-other-parties-affected" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-21-part-II-crossheading-notification-to-other-parties-affected" RestrictStartDate="1991-03-25"><Title> Notification to other parties affected</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-03-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/11" id="schedule-21-paragraph-11"><Pnumber><CommentaryRef Ref="c13699261"/>11</Pnumber><P1para><Text>The clearing house must have adequate arrangements for securing that parties to unsettled market contracts with a defaulter are notified as soon as reasonably practicable of the default and of any decision taken under the rules in relation to contracts to which they are a party.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/part/II/crossheading/delegation-of-functions-in-connection-with-default-procedures" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/part/II/crossheading/delegation-of-functions-in-connection-with-default-procedures" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-21-part-II-crossheading-delegation-of-functions-in-connection-with-default-procedures" RestrictStartDate="1991-03-25"><Title> Delegation of functions in connection with default procedures</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-03-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/12" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/12" id="schedule-21-paragraph-12"><Pnumber><CommentaryRef Ref="c13699271"/>12</Pnumber><P1para><Text>The rules may make provision for the whole or part of the functions mentioned in paragraphs 8 to 11 to be performed by another body or person on behalf of the clearing house.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/part/II/crossheading/cooperation-with-other-authorities" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/part/II/crossheading/cooperation-with-other-authorities" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-21-part-II-crossheading-cooperation-with-other-authorities" RestrictStartDate="1991-03-25"><Title> Co-operation with other authorities</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-03-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/13" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/13" id="schedule-21-paragraph-13"><Pnumber><CommentaryRef Ref="c13699281"/>13</Pnumber><P1para><Text>The clearing house must be able and willing to co-operate, by the sharing of information and otherwise, with the Secretary of State, any relevant office-holder and any other authority or body having responsibility for any matter arising out of, or connected with, the default of a member of the clearing house.</Text></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/part/II/crossheading/margin" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/part/II/crossheading/margin" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-21-part-II-crossheading-margin" RestrictStartDate="1991-03-25"><Title> Margin</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-03-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/14" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/14" id="schedule-21-paragraph-14"><Pnumber><CommentaryRef Ref="c13699291"/>14</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/14/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/14/1" id="schedule-21-paragraph-14-1"><Pnumber>1</Pnumber><P2para><Text>The rules of the clearing house must provide that, in the event of a default, margin provided by the defaulter for his own account is not to be applied to meet a shortfall on a client account.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/14/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/14/2" id="schedule-21-paragraph-14-2"><Pnumber>2</Pnumber><P2para><Text>This is without prejudice to the requirements of any relevant regulations under section 55 of the <CommentaryRef Ref="c13699301"/>Financial Services Act 1986 (clients’ money).</Text></P2para></P2></P1para></P1></P1group></Pblock></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/part/III" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/part/III" NumberOfProvisions="1" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-21-part-III" RestrictStartDate="1991-03-25"><Number>Part III</Number><Title> Overseas investment exchanges and clearing houses</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-03-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/15" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/15" id="schedule-21-paragraph-15"><Pnumber><CommentaryRef Ref="c13699311"/>15</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/15/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/15/1" id="schedule-21-paragraph-15-1"><Pnumber>1</Pnumber><P2para><Text>The rules and practices of the body, together with the law of the country in which the body’s head office is situated, must be such as to provide adequate procedures for dealing with the default of persons party to market contracts connected with the body.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/21/paragraph/15/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/21/paragraph/15/2" id="schedule-21-paragraph-15-2"><Pnumber>2</Pnumber><P2para><Text>The reference in sub-paragraph (1) to default is to a person being unable to meet his obligations.</Text></P2para></P2></P1para></P1></P1group></Part></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22" NumberOfProvisions="15" id="schedule-22" RestrictExtent="E+W+S" RestrictStartDate="2001-12-01"><Number>
          <CommentaryRef Ref="c13699321"/> SCHEDULE 22</Number><ScheduleBody><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/crossheading/introductory" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/crossheading/introductory" NumberOfProvisions="1" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" id="schedule-22-crossheading-introductory" RestrictStartDate="1991-04-25"><Title> Introductory</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-04-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/1" id="schedule-22-paragraph-1"><Pnumber><CommentaryRef Ref="c13699331"/>1</Pnumber><P1para><Text>The provisions of this Schedule have effect for the purpose of safeguarding the operation of certain financial markets—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/1/a" id="schedule-22-paragraph-1-a"><Pnumber>a</Pnumber><P3para><Text>in the event of the insolvency, winding up or default of a person party to transactions in the market (paragraphs 2 to 8), and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/1/b" id="schedule-22-paragraph-1-b"><Pnumber>b</Pnumber><P3para><Text>as regards the effectiveness or enforcement of certain charges given to secure obligations in connection with such transactions (paragraphs 9 to 12).</Text></P3para></P3></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/crossheading/recognised-investment-exchanges-and-clearing-houses" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/crossheading/recognised-investment-exchanges-and-clearing-houses" NumberOfProvisions="7" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" id="schedule-22-crossheading-recognised-investment-exchanges-and-clearing-houses" RestrictStartDate="1991-04-25"><Title> Recognised investment exchanges and clearing houses</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-04-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/2" id="schedule-22-paragraph-2"><Pnumber><CommentaryRef Ref="c13699341"/>2</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/2/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/2/1" id="schedule-22-paragraph-2-1"><Pnumber>1</Pnumber><P2para><Text>This Schedule applies to the following descriptions of contract connected with a recognised investment exchange or recognised clearing house.</Text></P2para><P2para><Text>The contracts are referred to in this Schedule as “<Term id="term-market-contracts">market contracts</Term>”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/2/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/2/2" id="schedule-22-paragraph-2-2"><Pnumber>2</Pnumber><P2para><Text>In relation to a recognised investment exchange, this Schedule applies to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/2/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/2/2/a" id="schedule-22-paragraph-2-2-a"><Pnumber>a</Pnumber><P3para><Text>contracts entered into by a member or designated non-member of the exchange which are—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/2/2/a/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/2/2/a/i" id="schedule-22-paragraph-2-2-a-i"><Pnumber>i</Pnumber><P4para><Text>made on or otherwise subject to the rules of the exchange,</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/2/2/a/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/2/2/a/ii" id="schedule-22-paragraph-2-2-a-ii"><Pnumber>ii</Pnumber><P4para><Text>on terms expressed to be as traded on the exchange, or</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/2/2/a/iii" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/2/2/a/iii" id="schedule-22-paragraph-2-2-a-iii"><Pnumber>iii</Pnumber><P4para><Text>on the same terms as those on which an equivalent contract would be made on the exchange; and</Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/2/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/2/2/b" id="schedule-22-paragraph-2-2-b"><Pnumber>b</Pnumber><P3para><Text>contracts subject to the rules of the exchange entered into by the exchange for the purposes of or in connection with the provision of clearing services.</Text></P3para></P3><Text>A “<Term id="term-designated-non-member">designated non-member</Term>” means a person in respect of whom action may be taken under the default rules of the exchange but who is not a member of the exchange.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/2/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/2/3" id="schedule-22-paragraph-2-3"><Pnumber>3</Pnumber><P2para><Text>In relation to a recognised clearing house, this Schedule applies to contracts subject to the rules of the clearing house entered into by the clearing house for the purposes of or in connection with the provision of clearing services for a recognised investment exchange.</Text></P2para><P2para><Text>This includes contracts effected under or in consequence of action taken by the clearing house under its default rules.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-04-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/3" id="schedule-22-paragraph-3"><Pnumber><CommentaryRef Ref="c13699351"/>3</Pnumber><P1para><Text>The general law of insolvency has effect in relation to market contracts, and action taken under the rules of a recognised investment exchange or recognised clearing house with respect to such contracts, subject to the following provisions of this Schedule.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-04-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/4" id="schedule-22-paragraph-4"><Pnumber><CommentaryRef Ref="c13699361"/>4</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/4/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/4/1" id="schedule-22-paragraph-4-1"><Pnumber>1</Pnumber><P2para><Text>None of the following shall be regarded as to any extent invalid at law on the ground of inconsistency with the law relating to the distribution of the assets of a person on bankruptcy, winding up or sequestration, or in the administration of an insolvent estate—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/4/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/4/1/a" id="schedule-22-paragraph-4-1-a"><Pnumber>a</Pnumber><P3para><Text>a market contract,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/4/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/4/1/b" id="schedule-22-paragraph-4-1-b"><Pnumber>b</Pnumber><P3para><Text>the rules of a recognised investment exchange or recognised clearing house as to the settlement of market contracts,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/4/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/4/1/c" id="schedule-22-paragraph-4-1-c"><Pnumber>c</Pnumber><P3para><Text>the default rules of a recognised investment exchange or recognised clearing house.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/4/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/4/2" id="schedule-22-paragraph-4-2"><Pnumber>2</Pnumber><P2para><Text>The powers of a relevant office-holder in his capacity as such, and the powers of the court under the <CommentaryRef Ref="c13699371"/>Insolvency Act 1986 or the <CommentaryRef Ref="c13699381"/>Bankruptcy (Scotland) Act 1985, shall not be exercised in such a way as to prevent or interfere with—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/4/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/4/2/a" id="schedule-22-paragraph-4-2-a"><Pnumber>a</Pnumber><P3para><Text>the settlement of a market contract in accordance with the rules of a recognised investment exchange or recognised clearing house,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/4/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/4/2/b" id="schedule-22-paragraph-4-2-b"><Pnumber>b</Pnumber><P3para><Text>any action taken under the default rules of such an exchange or clearing house.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/4/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/4/3" id="schedule-22-paragraph-4-3"><Pnumber>3</Pnumber><P2para><Text>Nothing in the following provisions of this Schedule shall be construed as affecting the generality of sub-paragraph (2).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/4/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/4/4" id="schedule-22-paragraph-4-4"><Pnumber>4</Pnumber><P2para><Text>A debt or other liability arising out of a market contract which is the subject of default proceedings may not be proved in a winding up or bankruptcy, or in Scotland claimed in a winding up or sequestration, until the completion of the default proceedings.</Text></P2para><P2para><Text>A debt or other liability which by virtue of this sub-paragraph may not be proved or claimed shall not be taken into account for the purposes of any set-off until the completion of the default proceedings.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-04-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/5" id="schedule-22-paragraph-5"><Pnumber><CommentaryRef Ref="c13699391"/>5</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/5/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/5/1" id="schedule-22-paragraph-5-1"><Pnumber>1</Pnumber><P2para><Text>A liquidator or trustee of a defaulter shall not—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/5/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/5/1/a" id="schedule-22-paragraph-5-1-a"><Pnumber>a</Pnumber><P3para><Text>declare or pay any dividend to the creditors, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/5/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/5/1/b" id="schedule-22-paragraph-5-1-b"><Pnumber>b</Pnumber><P3para><Text>return any capital to contributories,</Text></P3para></P3><Text>unless he has retained what he reasonably considers to be an adequate reserve in respect of any claims arising as a result of the default proceedings of the exchange or clearing house concerned.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/5/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/5/2" id="schedule-22-paragraph-5-2"><Pnumber>2</Pnumber><P2para><Text>Nothing in section 11(3), 130 or 285 of the Insolvency Act 1986 (which restrict the taking of certain legal proceedings and other steps), and nothing in the Bankruptcy (Scotland) Act 1985, shall affect any action taken by an exchange or clearing house for the purpose of its default proceedings.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-04-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/6" id="schedule-22-paragraph-6"><Pnumber><CommentaryRef Ref="c13699401"/>6</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/6/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/6/1" id="schedule-22-paragraph-6-1"><Pnumber>1</Pnumber><P2para><Text>The following provisions apply with respect to the net sum certified by a recognised investment exchange or recognised clearing house, upon the completion of proceedings under its default rules, to be payable by or to a defaulter.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/6/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/6/2" id="schedule-22-paragraph-6-2"><Pnumber>2</Pnumber><P2para><Text>If, in England and Wales, a bankruptcy or winding up order has been made, or a resolution for voluntary winding up has been passed, the debt—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/6/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/6/2/a" id="schedule-22-paragraph-6-2-a"><Pnumber>a</Pnumber><P3para><Text>is provable in the bankruptcy or winding up or, as the case may be, is payable to the relevant office-holder, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/6/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/6/2/b" id="schedule-22-paragraph-6-2-b"><Pnumber>b</Pnumber><P3para><Text>shall be taken into account, where appropriate, under section 323 of the Insolvency Act 1986 (mutual dealings and set-off) or the corresponding provision applicable in the case of a winding up,</Text></P3para></P3><Text>in the same way as a debt due before the commencement of the bankruptcy or winding up.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/6/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/6/3" id="schedule-22-paragraph-6-3"><Pnumber>3</Pnumber><P2para><Text>If, in Scotland, an award of sequestration or a winding-up order has been made, or a resolution for voluntary winding up has been passed, the debt—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/6/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/6/3/a" id="schedule-22-paragraph-6-3-a"><Pnumber>a</Pnumber><P3para><Text>may be claimed in the sequestration or winding up or, as the case may be, is payable to the relevant office-holder, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/6/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/6/3/b" id="schedule-22-paragraph-6-3-b"><Pnumber>b</Pnumber><P3para><Text>shall be taken into account for the purposes of any rule of law relating to compensation or set-off applicable in sequestration or winding up,</Text></P3para></P3><Text>in the same way as a debt due before the date of sequestration (within the meaning of section 73(1) of the Bankruptcy (Scotland) Act 1985) or the commencement of the winding up.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-04-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/7" id="schedule-22-paragraph-7"><Pnumber><CommentaryRef Ref="c13699411"/>7</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/7/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/7/1" id="schedule-22-paragraph-7-1"><Pnumber>1</Pnumber><P2para><Text>Sections 178, 186, 315 and 345 of the Insolvency Act 1986 (power to disclaim onerous property and court’s power to order rescission of contracts, &amp;c.) do not apply in relation to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/7/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/7/1/a" id="schedule-22-paragraph-7-1-a"><Pnumber>a</Pnumber><P3para><Text>a market contract, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/7/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/7/1/b" id="schedule-22-paragraph-7-1-b"><Pnumber>b</Pnumber><P3para><Text>a contract effected by the exchange or clearing house for the purpose of realising property provided as margin in relation to market contracts.</Text></P3para></P3><Text>In the application of this sub-paragraph in Scotland, the reference to sections 178 and 315 shall be construed as a reference to any rule of law having the like effect as those sections.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/7/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/7/2" id="schedule-22-paragraph-7-2"><Pnumber>2</Pnumber><P2para><Text>Sections 127 and 284 of the <CommentaryRef Ref="c13699421"/>Insolvency Act 1986 (avoidance of property dispositions effected after commencement of winding up or presentation of bankruptcy petition) do not apply to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/7/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/7/2/a" id="schedule-22-paragraph-7-2-a"><Pnumber>a</Pnumber><P3para><Text>a market contract, or any disposition of property in pursuance of such a contract,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/7/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/7/2/b" id="schedule-22-paragraph-7-2-b"><Pnumber>b</Pnumber><P3para><Text>the provision of margin in relation to market contracts,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/7/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/7/2/c" id="schedule-22-paragraph-7-2-c"><Pnumber>c</Pnumber><P3para><Text>a contract effected by the exchange or clearing house for the purpose of realising property provided as margin in relation to a market contract, or any disposition of property in pursuance of such a contract, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/7/2/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/7/2/d" id="schedule-22-paragraph-7-2-d"><Pnumber>d</Pnumber><P3para><Text>any disposition of property in accordance with the rules of the exchange or clearing house as to the application of property provided as margin.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/7/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/7/3" id="schedule-22-paragraph-7-3"><Pnumber>3</Pnumber><P2para><Text>However, if a person enters into a market contract knowing that a petition has been presented for the winding up or bankruptcy of the other party to the contract, the value of any profit or benefit to him arising from the contract is recoverable from him by the relevant office-holder unless the court directs otherwise.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/7/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/7/4" id="schedule-22-paragraph-7-4"><Pnumber>4</Pnumber><P2para><Text>Any sum recoverable by virtue of sub-paragraph (3) has the same priority, in the event of the insolvency of the person from whom it is due, as if it were secured by a fixed charge.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-04-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/8" id="schedule-22-paragraph-8"><Pnumber><CommentaryRef Ref="c13699431"/>8</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/8/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/8/1" id="schedule-22-paragraph-8-1"><Pnumber>1</Pnumber><P2para><Text>No order shall be made in relation to a market contract under—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/8/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/8/1/a" id="schedule-22-paragraph-8-1-a"><Pnumber>a</Pnumber><P3para><Text>section 238 or 339 of the Insolvency Act 1986 (transactions at an under-value),</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/8/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/8/1/b" id="schedule-22-paragraph-8-1-b"><Pnumber>b</Pnumber><P3para><Text>section 239 or 340 of that Act (preferences), or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/8/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/8/1/c" id="schedule-22-paragraph-8-1-c"><Pnumber>c</Pnumber><P3para><Text>section 423 of that Act (transactions defrauding creditors),</Text></P3para></P3><Text>unless the court is satisfied that the person in favour of whom the contract was made knew at the time he entered into it that it was at an under-value (within the meaning of the relevant provision) or, as the case may be, that a preference was being given.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/8/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/8/2" id="schedule-22-paragraph-8-2"><Pnumber>2</Pnumber><P2para><Text>As respects Scotland, no decree shall be granted in relation to a market contract—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/8/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/8/2/a" id="schedule-22-paragraph-8-2-a"><Pnumber>a</Pnumber><P3para><Text>under section 34 or 36 of the <CommentaryRef Ref="c13699441"/>Bankruptcy (Scotland) Act 1985 or section 242 or 243 of the Insolvency Act 1986 (gratuitous alienations and unfair preferences), or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/8/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/8/2/b" id="schedule-22-paragraph-8-2-b"><Pnumber>b</Pnumber><P3para><Text>at common law,</Text></P3para></P3><Text>unless the court is satisfied that the person with whom the contract was made knew at the time he entered into it that it was challengeable under any of the provisions mentioned in paragraph (a) or at common law.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/8/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/8/3" id="schedule-22-paragraph-8-3"><Pnumber>3</Pnumber><P2para><Text>Sub-paragraphs (1) and (2) apply in relation to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/8/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/8/3/a" id="schedule-22-paragraph-8-3-a"><Pnumber>a</Pnumber><P3para><Text>a disposition of property in pursuance of a market contract,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/8/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/8/3/b" id="schedule-22-paragraph-8-3-b"><Pnumber>b</Pnumber><P3para><Text>the provision of margin in relation to market contracts,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/8/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/8/3/c" id="schedule-22-paragraph-8-3-c"><Pnumber>c</Pnumber><P3para><Text>a contract effected by a recognised investment exchange or recognised clearing house for the purpose of realising property provided as margin, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/8/3/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/8/3/d" id="schedule-22-paragraph-8-3-d"><Pnumber>d</Pnumber><P3para><Text>a disposition of property in accordance with the rules of the exchange or clearing house as to the application of property provided as margin,</Text></P3para></P3><Text>as they apply in relation to the making of a market contract.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/crossheading/market-charges" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/crossheading/market-charges" NumberOfProvisions="4" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" id="schedule-22-crossheading-market-charges" RestrictStartDate="1991-04-25"><Title> Market charges</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-04-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/9" id="schedule-22-paragraph-9"><Pnumber><CommentaryRef Ref="c13699451"/>9</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/9/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/9/1" id="schedule-22-paragraph-9-1"><Pnumber>1</Pnumber><P2para><Text>The charges to which paragraphs 10 to 12 apply are charges, whether fixed or floating, granted—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/9/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/9/1/a" id="schedule-22-paragraph-9-1-a"><Pnumber>a</Pnumber><P3para><Text>in favour of a recognised investment exchange, for the purpose of securing debts or liabilities arising in connection with the settlement of market contracts,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/9/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/9/1/b" id="schedule-22-paragraph-9-1-b"><Pnumber>b</Pnumber><P3para><Text>in favour of a recognised clearing house, for the purpose of securing debts or liabilities arising in connection with their ensuring the performance of market contracts, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/9/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/9/1/c" id="schedule-22-paragraph-9-1-c"><Pnumber>c</Pnumber><P3para><Text>in favour of a person who agrees to make payments as a result of the transfer of specified securities made through the medium of a computer-based system established by the Bank of England and The Stock Exchange, for the purpose of securing debts or liabilities of the transferee arising in connection with the payments.</Text></P3para></P3><Text>Those charges are referred to in this Schedule as “<Term id="term-market-charges">market charges</Term>”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/9/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/9/2" id="schedule-22-paragraph-9-2"><Pnumber>2</Pnumber><P2para><Text>Where a charge is granted partly for purposes specified in sub-paragraph (1)(a), (b) or (c) and partly for other purposes, paragraphs 10 to 12 apply to it so far as it has effect for the specified purposes; and the expression “<Term id="term-market-charge">market charge</Term>” shall be construed accordingly.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/9/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/9/3" id="schedule-22-paragraph-9-3"><Pnumber>3</Pnumber><P2para><Text>In this paragraph and paragraphs 10 to 12—</Text><UnorderedList Decoration="none" Class="Definition"><ListItem><Para><Text>“<Term id="term-charge">charge</Term>” means any form of security, including a mortgage and, in Scotland, a heritable security; and</Text></Para></ListItem><ListItem><Para><Text>“<Term id="term-specified-securities">specified securities</Term>” means securities for the time being specified in the list in Schedule 1 to the <CommentaryRef Ref="c13699461"/>Stock Transfer Act 1982, and includes any right to such securities.</Text></Para></ListItem></UnorderedList></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-04-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/10" id="schedule-22-paragraph-10"><Pnumber><CommentaryRef Ref="c13699471"/>10</Pnumber><P1para><Text>The general law of insolvency has effect in relation to market charges and action taken in enforcing them subject to the following provisions of this Schedule.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-04-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/11" id="schedule-22-paragraph-11"><Pnumber><CommentaryRef Ref="c13699481"/>11</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/11/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/11/1" id="schedule-22-paragraph-11-1"><Pnumber>1</Pnumber><P2para><Text>Sections 10(1)(b) and 11(3)(c) of the <CommentaryRef Ref="c13699491"/>Insolvency Act 1986 (no enforcement of security while petition for administration order pending or order in force) do not apply to a market charge.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/11/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/11/2" id="schedule-22-paragraph-11-2"><Pnumber>2</Pnumber><P2para><Text>Section 11(2) of that Act (receiver to vacate office when so required by administrator) does not apply to a receiver appointed under a market charge.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/11/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/11/3" id="schedule-22-paragraph-11-3"><Pnumber>3</Pnumber><P2para><Text>Section 15(1) and (2) of that Act (administrator’s power to deal with charged property) do not apply to a market charge.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/11/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/11/4" id="schedule-22-paragraph-11-4"><Pnumber>4</Pnumber><P2para><Text>Sections 127 and 284 of that Act (avoidance of property dispositions effected after commencement of winding up or presentation of bankruptcy petition) do not apply to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/11/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/11/4/a" id="schedule-22-paragraph-11-4-a"><Pnumber>a</Pnumber><P3para><Text>a disposition of property as a result of which the property becomes subject to a market charge, or any transaction pursuant to which that disposition is made, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/11/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/11/4/b" id="schedule-22-paragraph-11-4-b"><Pnumber>b</Pnumber><P3para><Text>any disposition of property made in enforcing a market charge.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/11/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/11/5" id="schedule-22-paragraph-11-5"><Pnumber>5</Pnumber><P2para><Text>However, if a person (other than the chargee under the market charge) who is a party to a disposition mentioned in sub-paragraph (4)(a) knows at the time of the disposition that a petition has been presented for the winding up or bankruptcy of the party making the disposition, the value of any profit or benefit to him arising from the disposition is recoverable from him by the relevant office-holder unless the court directs otherwise.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/11/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/11/6" id="schedule-22-paragraph-11-6"><Pnumber>6</Pnumber><P2para><Text>Any sum recoverable by virtue of sub-paragraph (5) has the same priority, in the event of the insolvency of the person from whom it is due, as if it were secured by a fixed charge.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-04-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/12" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/12" id="schedule-22-paragraph-12"><Pnumber><CommentaryRef Ref="c13699501"/>12</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/12/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/12/1" id="schedule-22-paragraph-12-1"><Pnumber>1</Pnumber><P2para><Text>No legal proceedings, execution or other legal process may be commenced or continued, and no distress may be levied against property which is, or becomes, subject to a market charge except with the consent of the person in whose favour the charge was granted or the leave of the court.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/12/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/12/2" id="schedule-22-paragraph-12-2"><Pnumber>2</Pnumber><P2para><Text>The court may give leave subject to such terms as it thinks fit.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/12/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/12/3" id="schedule-22-paragraph-12-3"><Pnumber>3</Pnumber><P2para><Text>Sub-paragraph (1) does not apply to proceedings to enforce any security over, or any equitable interest in, the property.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/12/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/12/4" id="schedule-22-paragraph-12-4"><Pnumber>4</Pnumber><P2para><Text>Sections 10(1)(c), 11(3)(d), 130(3) and 285(3) of the <CommentaryRef Ref="c13699511"/>Insolvency Act 1986 (which restrict the taking of certain legal proceedings and other steps) have effect accordingly.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/12/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/12/5" id="schedule-22-paragraph-12-5"><Pnumber>5</Pnumber><P2para><Text>In the application of this paragraph to Scotland, the reference to execution being commenced or continued includes a reference to diligence being carried out or continued, and the reference to distress being levied shall be omitted.</Text></P2para></P2></P1para></P1></P1group></Pblock><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/crossheading/supplementary-provisions" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/crossheading/supplementary-provisions" NumberOfProvisions="3" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" id="schedule-22-crossheading-supplementary-provisions" RestrictStartDate="1991-04-25"><Title> Supplementary provisions</Title><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-04-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/13" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/13" id="schedule-22-paragraph-13"><Pnumber><CommentaryRef Ref="c13699521"/>13</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/13/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/13/1" id="schedule-22-paragraph-13-1"><Pnumber>1</Pnumber><P2para><Text>In this Schedule “<Term id="term-default-rules">default rules</Term>” means—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/13/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/13/1/a" id="schedule-22-paragraph-13-1-a"><Pnumber>a</Pnumber><P3para><Text>in relation to a recognised investment exchange, rules which provide in the event of a member or designated non-member of the exchange appearing to be unable, or likely to become unable, to meet his obligations in respect of one or more market contracts, for the settlement forthwith of all unsettled market contracts to which he is a party as principal, other than those whose performance is ensured by a recognised clearing house;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/13/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/13/1/b" id="schedule-22-paragraph-13-1-b"><Pnumber>b</Pnumber><P3para><Text>in relation to a recognised clearing house, rules which provide in the event of a member of the clearing house appearing to be unable, or likely to become unable, to meet his obligations in respect of any market contract, for the closing out of his position in relation to all market contracts to which he is a party.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/13/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/13/2" id="schedule-22-paragraph-13-2"><Pnumber>2</Pnumber><P2para><Text>References in this Schedule to a “<Term id="term-defaulter">defaulter</Term>” are to a person in respect of whom action has been taken by a recognised investment exchange or recognised clearing house under its default rules, whether by declaring him to be a defaulter or otherwise; and references in this Schedule to “<Term id="term-default">default</Term>” shall be construed accordingly.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/13/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/13/3" id="schedule-22-paragraph-13-3"><Pnumber>3</Pnumber><P2para><Text>In this Schedule “<Term id="term-default-proceedings">default proceedings</Term>” means proceedings taken by a recognised investment exchange or recognised clearing house under its default rules.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-04-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/14" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/14" id="schedule-22-paragraph-14"><Pnumber><CommentaryRef Ref="c13699531"/>14</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/14/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/14/1" id="schedule-22-paragraph-14-1"><Pnumber>1</Pnumber><P2para><Text>The following are relevant office-holders for the purposes of this Schedule—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/14/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/14/1/a" id="schedule-22-paragraph-14-1-a"><Pnumber>a</Pnumber><P3para><Text>the official receiver,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/14/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/14/1/b" id="schedule-22-paragraph-14-1-b"><Pnumber>b</Pnumber><P3para><Text>any person acting in relation to a company as its liquidator, provisional liquidator, administrator or administrative receiver,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/14/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/14/1/c" id="schedule-22-paragraph-14-1-c"><Pnumber>c</Pnumber><P3para><Text>any person acting in relation to an individual (or, in Scotland, a deceased debtor) as his trustee in bankruptcy or interim receiver of his property or as permanent or interim trustee in the sequestration of his estate,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/14/1/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/14/1/d" id="schedule-22-paragraph-14-1-d"><Pnumber>d</Pnumber><P3para><Text>any person acting as administrator (or, in Scotland, as judicial factor) of an insolvent estate of a deceased person.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/14/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/14/2" id="schedule-22-paragraph-14-2"><Pnumber>2</Pnumber><P2para><Text>Sub-paragraph (1)(c) applies in relation to a partnership, and any debtor within the meaning of the <CommentaryRef Ref="c13699541"/>Bankruptcy (Scotland) Act 1985, as it applies in relation to an individual.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/14/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/14/3" id="schedule-22-paragraph-14-3"><Pnumber>3</Pnumber><P2para><Text>In this paragraph—</Text><UnorderedList Decoration="none" Class="Definition"><ListItem><Para><Text>“<Term id="term-administrative-receiver">administrative receiver</Term>” has the meaning given by section 251 of the Insolvency Act 1986;</Text></Para></ListItem><ListItem><Para><Text>“<Term id="term-company">company</Term>” means a company within the meaning of section 735(1) of the <CommentaryRef Ref="c13699551"/>Companies Act 1985 or a company which may be wound up under Part V of the <CommentaryRef Ref="c13699561"/>Insolvency Act 1986.</Text></Para></ListItem><ListItem><Para><Text>“<Term id="term-interim-trustee">interim trustee</Term>” and “<Term id="term-permanent-trustee">permanent trustee</Term>” have the same meaning as in the <CommentaryRef Ref="c13699571"/>Bankruptcy (Scotland) Act 1985.</Text></Para></ListItem></UnorderedList></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S" RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="1991-04-25"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/15" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/15" id="schedule-22-paragraph-15"><Pnumber><CommentaryRef Ref="c13699581"/>15</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/15/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/15/1" id="schedule-22-paragraph-15-1"><Pnumber>1</Pnumber><P2para><Text>In this Schedule—</Text><UnorderedList Decoration="none" Class="Definition"><ListItem><Para><Text>“<Term id="term-clearing-house">clearing house</Term>” has the same meaning as in the <CommentaryRef Ref="c13699591"/>Financial Services Act 1986;</Text></Para></ListItem><ListItem><Para><Text>“<Term id="term-investment">investment</Term>” and “<Term id="term-investment-exchange">investment exchange</Term>” have the same meaning as in the Financial Services Act 1986;</Text></Para></ListItem><ListItem><Para><Text>“<Term id="term-recognised">recognised</Term>” means recognised under the Financial Services Act 1986;</Text></Para></ListItem><ListItem><Para><Text>“<Term id="term-the-stock-exchange">The Stock Exchange</Term>” means The International Stock Exchange of the United Kingdom and the Republic of Ireland Limited.</Text></Para></ListItem></UnorderedList></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/15/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/15/2" id="schedule-22-paragraph-15-2"><Pnumber>2</Pnumber><P2para><Text>References in this Schedule to ensuring the performance of a transaction have the same meaning as in the Financial Services Act 1986.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/22/paragraph/15/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/22/paragraph/15/3" id="schedule-22-paragraph-15-3"><Pnumber>3</Pnumber><P2para><Text>References in this Schedule to a market contract to which a person is a party include, unless the contrary intention appears, contracts to which he is party as agent.</Text></P2para></P2></P1para></P1></P1group></Pblock></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23" NumberOfProvisions="59" id="schedule-23" RestrictExtent="E+W+S+N.I." RestrictStartDate="2001-12-01"><Number>
          <CommentaryRef Ref="c13699601"/>SCHEDULE 23</Number><ScheduleBody><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/part/I" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/part/I" NumberOfProvisions="33" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-23-part-I" RestrictStartDate="2001-12-01"><Number>Part I</Number><Title> General Amendments</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/1" id="schedule-23-paragraph-1"><Pnumber><CommentaryRef Ref="c13699611"/>1</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/1/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/1/1" id="schedule-23-paragraph-1-1"><Pnumber>1</Pnumber><P2para><Text>Section 13 of the Financial Services Act 1986 (power to direct alteration of rules of recognised self-regulating organisation) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/1/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/1/2" id="schedule-23-paragraph-1-2"><Pnumber>2</Pnumber><P2para><Text>Omit subsection (1).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/1/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/1/3" id="schedule-23-paragraph-1-3"><Pnumber>3</Pnumber><P2para><Text>For subsection (2) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>2</Pnumber><P2para><Text>If at any time it appears to the Secretary of State that—</Text><P3><Pnumber>a</Pnumber><P3para><Text>a recognised self-regulating organisation is concerned with two or more kinds of investment business, and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>the requirement in paragraph 3(1) of Schedule 2 to this Act is not satisfied in respect of investment business of one or more but not all of those kinds,</Text></P3para></P3><Text>he may, instead of revoking the recognition order or making an application under section 12 above, direct the organisation to alter, or himself alter, its rules so that they preclude a member from carrying on investment business of a kind in respect of which that requirement is not satisfied, unless he is an authorised person otherwise than by virtue of membership of the organisation or is an exempted person in respect of that business.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/1/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/1/4" id="schedule-23-paragraph-1-4"><Pnumber>4</Pnumber><P2para><Text>For subsection (3) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>3</Pnumber><P2para><Text>A direction under this section is enforceable on the application of the Secretary of State by injunction or, in Scotland, by an order under section 45 of the Court of Session Act 1988.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/1/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/1/5" id="schedule-23-paragraph-1-5"><Pnumber>5</Pnumber><P2para><Text>Omit subsections (4) to (6).</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/2" id="schedule-23-paragraph-2"><Pnumber>2</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/2/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/2/1" id="schedule-23-paragraph-2-1"><Pnumber>1</Pnumber><P2para><Text>Section 48 of the Financial Services Act 1986 (conduct of business rules) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/2/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/2/2" id="schedule-23-paragraph-2-2"><Pnumber>2</Pnumber><P2para><Text>In subsection (1) omit the words “members of a recognised self-regulating organisation or” and “organisation or”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/2/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/2/3" id="schedule-23-paragraph-2-3"><Pnumber>3</Pnumber><P2para><Text>After subsection (10) insert—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>11</Pnumber><P2para><Text>Section 63A below (application of designated rules) has effect as regards the application of rules under this section to members of recognised self-regulating organisations in respect of investment business in the carrying on of which they are subject to the rules of the organisation.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" ConfersPower="true" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/3" id="schedule-23-paragraph-3"><Pnumber>3</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/3/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/3/1" id="schedule-23-paragraph-3-1"><Pnumber>1</Pnumber><P2para><Text>Section 49 of the <CommentaryRef Ref="c13699621"/>Financial Services Act 1986 (financial resources rules) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/3/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/3/2" id="schedule-23-paragraph-3-2"><Pnumber>2</Pnumber><P2para><Text>For subsection (1) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>1</Pnumber><P2para><Text>The Secretary of State may make rules requiring—</Text><P3><Pnumber>a</Pnumber><P3para><Text>a person authorised to carry on investment business by virtue of section 25 or 31 above, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>a member of a recognised self-regulating organisation carrying on investment business in the carrying on of which he is subject to the rules of the organisation,</Text></P3para></P3><Text>to have and maintain in respect of that business such financial resources as are required by the rules.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/3/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/3/3" id="schedule-23-paragraph-3-3"><Pnumber>3</Pnumber><P2para><Text>After subsection (2) insert—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>3</Pnumber><P2para><Text>Section 63A below (application of designated rules) has effect as regards the application of rules under this section to members of recognised self-regulating organisations in respect of investment business in the carrying on of which they are subject to the rules of the organisation.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/4" id="schedule-23-paragraph-4"><Pnumber>4</Pnumber><P1para><Text>In section 50 of the Financial Services Act 1986 (power of Secretary of State to modify conduct of business and financial resources rules for particular cases), after subsection (3) insert—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>4</Pnumber><P2para><Text>The powers conferred by subsection (1) above shall not be exercised in a case where the powers conferred by section 63B below are exercisable (powers of recognised self-regulating organisation in relation to designated rules).</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/5" id="schedule-23-paragraph-5"><Pnumber>5</Pnumber><P1para><Text>In section 52 of the Financial Services Act 1986 (notification regulations), in subsection (3) (application to member of recognised self-regulating organisation or professional body), for “subject to any of the rules made under section 48 above” substitute “not subject to the rules of that organisation or body”.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/6" id="schedule-23-paragraph-6"><Pnumber><CommentaryRef Ref="c13699631"/>6</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/6/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/6/1" id="schedule-23-paragraph-6-1"><Pnumber>1</Pnumber><P2para><Text>Section 55 of the Financial Services Act 1986 (clients’ money) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/6/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/6/2" id="schedule-23-paragraph-6-2"><Pnumber>2</Pnumber><P2para><Text>In subsection (2)(b) and (e) omit the words “a member of a recognised self-regulating organisation or” and “organisation or”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/6/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/6/3" id="schedule-23-paragraph-6-3"><Pnumber>3</Pnumber><P2para><Text>In subsection (3) omit the words “organisation or”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/6/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/6/4" id="schedule-23-paragraph-6-4"><Pnumber>4</Pnumber><P2para><Text>After subsection (5) insert—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>6</Pnumber><P2para><Text>Section 63A below (application of designated regulations) has effect as regards the application of regulations under this section to members of recognised self-regulating organisations in respect of investment business in the carrying on of which they are subject to the rules of the organisation.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/7" id="schedule-23-paragraph-7"><Pnumber>7</Pnumber><P1para><Text>In section 56 of the Financial Services Act 1986 (unsolicited calls), for subsection (7) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>7</Pnumber><P2para><Text>Section 63A below (application of designated regulations) has effect as regards the application of regulations under this section to members of recognised self-regulating organisations in respect of investment business in the carrying on of which they are subject to the rules of the organisation.</Text></P2para><P2para><Text>As it applies to such persons in respect of such business the reference in subsection (1) above to conduct permitted by regulations made by the Secretary of State shall be construed—</Text><P3><Pnumber>a</Pnumber><P3para><Text>where or to the extent that the regulations do not apply, as a reference to conduct permitted by the rules of the organisation; and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>where or to the extent that the regulations do apply but are expressed to have effect subject to the rules of the organisation, as a reference to conduct permitted by the regulations together with the rules of the organisation.</Text></P3para></P3></P2para></P2><P2><Pnumber>7A</Pnumber><P2para><Text>In the application of this section to anything done by a person certified by a recognised professional body in carrying on investment business in the carrying on of which he is subject to the rules of the body, the reference in subsection (1) above to conduct permitted by regulations made by the Secretary of State shall be construed as a reference to conduct permitted by the rules of the body.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/8" id="schedule-23-paragraph-8"><Pnumber>8</Pnumber><P1para><Text>In section 86 of the <CommentaryRef Ref="c13699641"/>Financial Services Act 1986 (collective investment schemes constituted in other member States), in subsection (7) (restriction on application of conduct of business rules), at the end add—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2para><Text>This subsection also applies to statements of principle under section 47A and codes of practice under section 63A so far as they relate to matters falling within the rule-making power in section 48.</Text></P2para></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/9" id="schedule-23-paragraph-9"><Pnumber>9</Pnumber><P1para><Text>In section 95 of the Financial Services Act 1986 (collective investment schemes: contraventions), after subsection (2) add—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>3</Pnumber><P2para><Text>The disciplinary action which may be taken by virtue of section 47A(3) (failure to comply with statement of principle) includes—</Text><P3><Pnumber>a</Pnumber><P3para><Text>the giving of a direction under section 91(2), and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>the application by the Secretary of State for an order under section 93;</Text></P3para></P3><Text>and subsection (6) of section 47A (duty of the Secretary of State as to exercise of powers) has effect accordingly.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" ConfersPower="true" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/10" id="schedule-23-paragraph-10"><Pnumber>10</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/10/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/10/1" id="schedule-23-paragraph-10-1"><Pnumber>1</Pnumber><P2para><Text>Section 107 of the Financial Services Act 1986 (appointment of auditors) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/10/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/10/2" id="schedule-23-paragraph-10-2"><Pnumber>2</Pnumber><P2para><Text>For subsection (1) (power to make rules) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>1</Pnumber><P2para><Text>The Secretary of State may make rules requiring—</Text><P3><Pnumber>a</Pnumber><P3para><Text>a person authorised to carry on investment business by virtue of section 25 or 31 above, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>a member of a recognised self-regulating organisation carrying on investment business in the carrying on of which he is subject to the rules of the organisation,</Text></P3para></P3><Text>and who, apart from the rules, is not required by or under any enactment to appoint an auditor, to appoint as an auditor a person satisfying such conditions as to qualifications and otherwise as may be specified in or imposed under the rules.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/10/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/10/3" id="schedule-23-paragraph-10-3"><Pnumber>3</Pnumber><P2para><Text>After subsection (3) add—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>4</Pnumber><P2para><Text>In its application to members of recognised self-regulating organisations, this section has effect subject to section 107A below.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" ConfersPower="true" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/11" id="schedule-23-paragraph-11"><Pnumber>11</Pnumber><P1para><Text>After section 107 of the Financial Services Act 1986 insert—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P1group><Title> Application of audit rules to members of self-regulating organisations.</Title><P1><Pnumber>107A</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>The Secretary of State may in rules under section 107 designate provisions which apply, to such extent as may be specified, to a member of a recognised self-regulating organisation in respect of investment business in the carrying on of which he is subject to the rules of the organisation.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>It may be provided that the designated rules have effect, generally or to such extent as may be specified, subject to the rules of the organisation.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>A member of a recognised self-regulating organisation who contravenes a rule applying to him by virtue of that section shall be treated as having contravened the rules of the organisation.</Text></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>Except as mentioned above, rules made under section 107 do not apply to members of recognised self-regulating organisations in respect of investment business in the carrying on of which they are subject to the rules of the organisation.</Text></P2para></P2><P2><Pnumber>5</Pnumber><P2para><Text>A recognised self-regulating organisation may on the application of a member of the organisation—</Text><P3><Pnumber>a</Pnumber><P3para><Text>modify a rule designated under this section so as to adapt it to his circumstances or to any particular kind of business carried on by him, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>dispense him from compliance with any such rule, generally or in relation to any particular kind of business carried on by him.</Text></P3para></P3></P2para></P2><P2><Pnumber>6</Pnumber><P2para><Text>The powers conferred by subsection (5) shall not be exercised unless it appears to the organisation—</Text><P3><Pnumber>a</Pnumber><P3para><Text>that compliance with the rule in question would be unduly burdensome for the applicant having regard to the benefit which compliance would confer on investors, and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>that the exercise of those powers will not result in any undue risk to investors.</Text></P3para></P3></P2para></P2><P2><Pnumber>7</Pnumber><P2para><Text>The powers conferred by subsection (5) may be exercised unconditionally or subject to conditions; and subsection (3) applies in the case of a contravention of a condition as in the case of contravention of a designated rule.</Text></P2para></P2><P2><Pnumber>8</Pnumber><P2para><Text>The reference in paragraph 4(1) of Schedule 2 (requirements for recognition of self-regulating organisations) to monitoring and enforcement of compliance with rules includes monitoring and enforcement of compliance with conditions imposed by the organisation under subsection (7).</Text></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" ConfersPower="true" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/12" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/12" id="schedule-23-paragraph-12"><Pnumber>12</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/12/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/12/1" id="schedule-23-paragraph-12-1"><Pnumber>1</Pnumber><P2para><Text>Section 114 of the <CommentaryRef Ref="c13699651"/>Financial Services Act 1986 (power to transfer functions to designated agency) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/12/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/12/2" id="schedule-23-paragraph-12-2"><Pnumber>2</Pnumber><P2para><Text>For subsection (9) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>9</Pnumber><P2para><Text>The Secretary of State shall not make a delegation order transferring any legislative functions unless—</Text><P3><Pnumber>a</Pnumber><P3para><Text>the agency has furnished him with a copy of the instruments it proposes to issue or make in the exercise of those functions, and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>he is satisfied that those instruments will afford investors an adequate level of protection and, in the case of such provisions as are mentioned in Schedule 8 to this Act, comply with the principles set out in that Schedule.</Text></P3para></P3><Text>In this subsection “<Term>legislative functions</Term>” means the functions of issuing or making statements of principle, rules, regulations or codes of practice.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/12/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/12/3" id="schedule-23-paragraph-12-3"><Pnumber>3</Pnumber><P2para><Text>In subsection (12) for “rules or regulations made” substitute “statements of principle, rules, regulations or codes of practice issued or made”.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" ConfersPower="true" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/13" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/13" id="schedule-23-paragraph-13"><Pnumber>13</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/13/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/13/1" id="schedule-23-paragraph-13-1"><Pnumber>1</Pnumber><P2para><Text>Section 115 of the <CommentaryRef Ref="c13699661"/>Financial Services Act 1986 (resumption of transferred functions) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/13/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/13/2" id="schedule-23-paragraph-13-2"><Pnumber>2</Pnumber><P2para><Text>For subsection (5) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>5</Pnumber><P2para><Text>Where the transferred functions consist of or include any legislative functions, an order may be made under subsection (2) above if at any time it appears to the Secretary of State that the instruments issued or made by the agency do not satisfy the requirements of section 114(9)(b) above.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/13/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/13/3" id="schedule-23-paragraph-13-3"><Pnumber>3</Pnumber><P2para><Text>In subsection (7)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/13/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/13/3/a" id="schedule-23-paragraph-13-3-a"><Pnumber>a</Pnumber><P3para><Text>in the opening words, for “subsection (2)(b) above” substitute “this section”, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/13/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/13/3/b" id="schedule-23-paragraph-13-3-b"><Pnumber>b</Pnumber><P3para><Text>in paragraph (a) for “functions of making rules or regulations” substitute “functions of issuing or making statements of principle, rules, regulations or codes of practice”.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/14" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/14" id="schedule-23-paragraph-14"><Pnumber>14</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/14/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/14/1" id="schedule-23-paragraph-14-1"><Pnumber>1</Pnumber><P2para><Text>Section 119 of the Financial Services Act 1986 (competition scrutiny: recognition orders) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/14/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/14/2" id="schedule-23-paragraph-14-2"><Pnumber>2</Pnumber><P2para><Text>In subsection (1) (considerations relevant to making of recognition order), for paragraphs (a) and (b) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P3><Pnumber>a</Pnumber><P3para><Text>in the case of a self-regulating organisation, the rules and any guidance of which copies are furnished with the application for the order, together with any statements of principle, rules, regulations or codes of practice to which members of the organisation would be subject by virtue of Chapter V of this Part,</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>in the case of an investment exchange, the rules and any guidance of which copies are furnished with the application for the order, together with any arrangements of which particulars are furnished with the application,</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>in the case of a clearing house, the rules and any guidance of which copies are furnished with the application for the order,</Text></P3para></P3></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/14/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/14/3" id="schedule-23-paragraph-14-3"><Pnumber>3</Pnumber><P2para><Text>In subsection (2) (circumstances in which powers are exercisable in relation to recognised body), for paragraphs (a) to (c) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P3><Pnumber>a</Pnumber><P3para><Text>in the case of a self-regulating organisation—</Text><P4><Pnumber>i</Pnumber><P4para><Text>any rules made or guidance issued by the organisation,</Text></P4para></P4><P4><Pnumber>ii</Pnumber><P4para><Text>any practices of the organisation, or</Text></P4para></P4><P4><Pnumber>iii</Pnumber><P4para><Text>any practices of persons who are members of, or otherwise subject to the rules made by, the organisation,</Text></P4para></P4><Text>together with any statements of principle, rules, regulations or codes of practice to which members of the organisation are subject by virtue of Chapter V of this Part,</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>in the case of a recognised investment exchange—</Text><P4><Pnumber>i</Pnumber><P4para><Text>any rules made or guidance issued by the exchange,</Text></P4para></P4><P4><Pnumber>ii</Pnumber><P4para><Text>any practices of the exchange, or</Text></P4para></P4><P4><Pnumber>iii</Pnumber><P4para><Text>any practices of persons who are members of, or otherwise subject to the rules made by, the exchange,</Text></P4para></P4></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>in the case of a recognised clearing house—</Text><P4><Pnumber>i</Pnumber><P4para><Text>any rules made or guidance issued by the clearing house,</Text></P4para></P4><P4><Pnumber>ii</Pnumber><P4para><Text>any practices of the clearing house, or</Text></P4para></P4><P4><Pnumber>iii</Pnumber><P4para><Text>any practices of persons who are members of, or otherwise subject to the rules made by, the clearing house,</Text></P4para></P4><Text>or any clearing arrangements made by the clearing house,</Text></P3para></P3></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/14/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/14/4" id="schedule-23-paragraph-14-4"><Pnumber>4</Pnumber><P2para><Text>In subsection (3) (powers exercisable in relation to recognised body)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/14/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/14/4/a" id="schedule-23-paragraph-14-4-a"><Pnumber>a</Pnumber><P3para><Text>in paragraph (b) for “the rules” substitute “its rules, or the”, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/14/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/14/4/b" id="schedule-23-paragraph-14-4-b"><Pnumber>b</Pnumber><P3para><Text>in paragraph (c) for “the rules” substitute “its rules”.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/14/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/14/5" id="schedule-23-paragraph-14-5"><Pnumber>5</Pnumber><P2para><Text>In subsection (5) (construction of references to practices)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/14/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/14/5/a" id="schedule-23-paragraph-14-5-a"><Pnumber>a</Pnumber><P3para><Text>for “paragraph (b)” substitute “paragraph (a)(ii), (b)(ii) and (c)(ii)”, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/14/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/14/5/b" id="schedule-23-paragraph-14-5-b"><Pnumber>b</Pnumber><P3para><Text>omit the words from “and the practices referred to in paragraph (c)” to the end.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/14/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/14/6" id="schedule-23-paragraph-14-6"><Pnumber>6</Pnumber><P2para><Text>After that subsection insert—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>6</Pnumber><P2para><Text>The practices referred to in paragraph (a)(iii), (b)(iii) and (c)(iii) of subsection (2) above are—</Text><P3><Pnumber>a</Pnumber><P3para><Text>in relation to a recognised self-regulating organisation, practices in relation to business in respect of which the persons in question are subject to—</Text><P4><Pnumber>i</Pnumber><P4para><Text>the rules of the organisation, or</Text></P4para></P4><P4><Pnumber>ii</Pnumber><P4para><Text>statements of principle, rules, regulations or codes of practice to which its members are subject by virtue of Chapter V of this Part,</Text></P4para></P4><Text>and which are required or contemplated by the rules of the organisation or by those statements, rules, regulations or codes, or by guidance issued by the organisation,</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>in relation to a recognised investment exchange or clearing house, practices in relation to business in respect of which the persons in question are subject to the rules of the exchange or clearing house, and which are required or contemplated by its rules or guidance,</Text></P3para></P3><Text>or which are otherwise attributable to the conduct of the organisation, exchange or clearing house as such.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/15" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/15" id="schedule-23-paragraph-15"><Pnumber>15</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/15/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/15/1" id="schedule-23-paragraph-15-1"><Pnumber>1</Pnumber><P2para><Text>Section 121 of the <CommentaryRef Ref="c13699671"/>Financial Services Act 1986 (competition scrutiny: designated agencies) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/15/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/15/2" id="schedule-23-paragraph-15-2"><Pnumber>2</Pnumber><P2para><Text>In subsection (1) for “rules, regulations” substitute “statements of principle, rules, regulations, codes of practice”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/15/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/15/3" id="schedule-23-paragraph-15-3"><Pnumber>3</Pnumber><P2para><Text>In subsection (2)(a) and (c) for “rules or regulations made” substitute “statements of principle, rules, regulations or codes of practice issued or made”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/15/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/15/4" id="schedule-23-paragraph-15-4"><Pnumber>4</Pnumber><P2para><Text>In subsection (3)(b) for “rules, regulations” substitute “statements of principle, rules, regulations, codes of practice”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/15/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/15/5" id="schedule-23-paragraph-15-5"><Pnumber>5</Pnumber><P2para><Text>In subsection (4) for “rules or regulations” (twice) substitute “statements of principle, rules, regulations or codes of practice”.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/16" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/16" id="schedule-23-paragraph-16"><Pnumber>16</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/16/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/16/1" id="schedule-23-paragraph-16-1"><Pnumber>1</Pnumber><P2para><Text>Section 122 of the Financial Services Act 1986 (reports by Director General of Fair Trading) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/16/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/16/2" id="schedule-23-paragraph-16-2"><Pnumber>2</Pnumber><P2para><Text>In subsection (1) for “and regulations” substitute “, statements of principle, regulations and codes of practice”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/16/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/16/3" id="schedule-23-paragraph-16-3"><Pnumber>3</Pnumber><P2para><Text>In subsection (2) for “regulations,” substitute “statements of principle, regulations, codes of practice,”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/16/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/16/4" id="schedule-23-paragraph-16-4"><Pnumber>4</Pnumber><P2para><Text>In subsection (4)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/16/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/16/4/a" id="schedule-23-paragraph-16-4-a"><Pnumber>a</Pnumber><P3para><Text>in paragraph (a) for “rules, guidance, arrangements and regulations” substitute “rules, statements of principle, regulations, codes of practice, guidance and arrangements”, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/16/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/16/4/b" id="schedule-23-paragraph-16-4-b"><Pnumber>b</Pnumber><P3para><Text>in the words following the paragraphs, for “rules, guidance, arrangements, regulations” substitute “rules, statements of principle, regulations, codes of practice, guidance, arrangements”, and for “rules, guidance, arrangements or regulations” substitute “rules, statements of principle, regulations, codes of practice, guidance or arrangements”.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/17" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/17" id="schedule-23-paragraph-17"><Pnumber>17</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/17/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/17/1" id="schedule-23-paragraph-17-1"><Pnumber>1</Pnumber><P2para><Text>Section 124 of the <CommentaryRef Ref="c13699681"/>Financial Services Act 1986 (matters to be left out of account for certain purposes in connection with competition scrutiny) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/17/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/17/2" id="schedule-23-paragraph-17-2"><Pnumber>2</Pnumber><P2para><Text>In subsection (1) (matters to be left out of account in determining whether monopoly situation exists), in paragraph (c) for “rules or regulations made or guidance issued” substitute “statements of principle, rules, regulations, codes of practice or guidance issued or made”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/17/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/17/3" id="schedule-23-paragraph-17-3"><Pnumber>3</Pnumber><P2para><Text>In subsection (3) (matters to be excluded from consideration where monopoly situation exists)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/17/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/17/3/a" id="schedule-23-paragraph-17-3-a"><Pnumber>a</Pnumber><P3para><Text>in paragraph (a), for “rules or regulations made” substitute “statements of principle, rules, regulations or codes of practice issued or made”,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/17/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/17/3/b" id="schedule-23-paragraph-17-3-b"><Pnumber>b</Pnumber><P3para><Text>in paragraph (b), for “rules or regulations” substitute “statements of principle, rules, regulations or codes of practice”, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/17/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/17/3/c" id="schedule-23-paragraph-17-3-c"><Pnumber>c</Pnumber><P3para><Text>in the closing words, for “rules, regulations” substitute “statements of principle, rules, regulations, codes of practice”.</Text></P3para></P3></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" ConfersPower="true" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/18" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/18" id="schedule-23-paragraph-18"><Pnumber>18</Pnumber><P1para><Text>For section 205 of the Financial Services Act 1986 (regulations, rules and orders) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P1group><Title> General power to make regulations.</Title><P1><Pnumber>205</Pnumber><P1para><Text>The Secretary of State may make regulations prescribing anything which by this Act is authorised or required to be prescribed.</Text></P1para></P1></P1group><P1group><Title> Supplementary provisions with respect to subordinate legislation.</Title><P1><Pnumber>205A</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>The following provisions apply to any power of the Secretary of State under this Act—</Text><P3><Pnumber>a</Pnumber><P3para><Text>to issue statements of principle,</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>to make rules or regulations,</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>to make orders (other than such orders as are excepted by subsection (4) below), or</Text></P3para></P3><P3><Pnumber>d</Pnumber><P3para><Text>to issue codes of practice.</Text></P3para></P3></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>Any such power is exercisable by statutory instrument and includes power to make different provision for different cases.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>Except as otherwise provided, a statutory instrument containing statements of principle, rules or regulations shall be subject to annulment in pursuance of a resolution of either House of Parliament.</Text></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>The above provisions do not apply to a recognition order, an order declaring a collective investment scheme to be an authorised unit trust scheme or a recognised scheme or to an order revoking any such order.</Text></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/19" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/19" id="schedule-23-paragraph-19"><Pnumber>19</Pnumber><P1para><Text>In section 206(1) of the Financial Services Act 1986 (publication of information and advice)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/19/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/19/a" id="schedule-23-paragraph-19-a"><Pnumber>a</Pnumber><P3para><Text>in paragraph (a), for “rules and regulations made” substitute “statements of principle, rules, regulations and codes of practice issued or made”, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/19/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/19/b" id="schedule-23-paragraph-19-b"><Pnumber>b</Pnumber><P3para><Text>in paragraph (b) for “rules or regulations” substitute “statements of principle, rules, regulations or codes of practice”.</Text></P3para></P3></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/20" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/20" id="schedule-23-paragraph-20"><Pnumber>20</Pnumber><P1para><Text>In Schedule 2 to the Financial Services Act 1986 (requirements for recognition of self-regulating organisations), in paragraph 4(1) (monitoring and enforcement) for “rules or regulations” substitute “statements of principle, rules, regulations or codes of practice”.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/21" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/21" id="schedule-23-paragraph-21"><Pnumber>21</Pnumber><P1para><Text>In Schedule 3 to the <CommentaryRef Ref="c13699691"/>Financial Services Act 1986 (requirements for recognition of professional bodies), in paragraph 4(2) (monitoring and enforcement) for “rules or regulations” substitute “statements of principle, rules, regulations or codes of practice”.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/22" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/22" id="schedule-23-paragraph-22"><Pnumber>22</Pnumber><P1para><Text>In Schedule 7 to the Financial Services Act 1986 (qualifications of designated agency), in paragraph 2(2) (arrangements for discharge of functions: matters to be decided upon by the governing body) for “rules or regulations must be made” substitute “statements of principle, rules, regulations and codes of practice must be issued or made”.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/23" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/23" id="schedule-23-paragraph-23"><Pnumber>23</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/23/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/23/1" id="schedule-23-paragraph-23-1"><Pnumber>1</Pnumber><P2para><Text>Schedule 8 to the Financial Services Act 1986 (principles applicable to designated agency’s rules and regulations) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/23/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/23/2" id="schedule-23-paragraph-23-2"><Pnumber>2</Pnumber><P2para><Text>In the heading for “Rules and Regulations” substitute “Legislative Provisions”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/23/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/23/3" id="schedule-23-paragraph-23-3"><Pnumber>3</Pnumber><P2para><Text>For paragraph 1, and the cross-heading preceding it, substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group><Title> Introduction</Title><P1><Pnumber>1</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>In this Schedule “<Term>legislative provisions</Term>” means the provisions of statements of principle, rules, regulations and codes of practice issued or made under Part I of this Act.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>References in this Schedule to “<Term>conduct of business provisions</Term>” are to rules made under section 48 of this Act and statements of principle and codes of practice so far as they relate to matters falling within that rule-making power.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>References in this Schedule to provisions made for the purposes of a specified section or Chapter are to rules or regulations made under that section or Chapter and statements of principle and codes of practice so far as they relate to matters falling within that power to make rules or regulations.</Text></P2para></P2></P1para></P1></P1group><P1group><Title> Standards</Title><P1><Pnumber>1A</Pnumber><P1para><Text>The conduct of business provisions and the other legislative provisions must promote high standards of integrity and fair dealing in the conduct of investment business.</Text></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/23/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/23/4" id="schedule-23-paragraph-23-4"><Pnumber>4</Pnumber><P2para><Text>In paragraphs 2 to 7, 9, 11 and 12 for “conduct of business rules” substitute “conduct of business provisions”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/23/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/23/5" id="schedule-23-paragraph-23-5"><Pnumber>5</Pnumber><P2para><Text>In paragraph 7 for “those rules and rules under” substitute “those provisions and provisions made for the purposes of”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/23/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/23/6" id="schedule-23-paragraph-23-6"><Pnumber>6</Pnumber><P2para><Text>In paragraph 8 for “Rules made under” substitute “Provisions made for the purposes of”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/23/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/23/7" id="schedule-23-paragraph-23-7"><Pnumber>7</Pnumber><P2para><Text>In paragraph 9 for “regulations made under” substitute “provisions made for the purposes of”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/23/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/23/8" id="schedule-23-paragraph-23-8"><Pnumber>8</Pnumber><P2para><Text>In paragraph 10 for “Rules made under” substitute “Provisions made for the purposes of” and for “under those sections” substitute “for the purposes of those sections”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/23/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/23/9" id="schedule-23-paragraph-23-9"><Pnumber>9</Pnumber><P2para><Text>In paragraph 12 for “rules and regulations made under” substitute “provisions made for the purposes of”.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/24" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/24" id="schedule-23-paragraph-24"><Pnumber>24</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/24/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/24/1" id="schedule-23-paragraph-24-1"><Pnumber>1</Pnumber><P2para><Text>Schedule 9 to the Financial Services Act 1986 (designated agency: exercise of transferred functions) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/24/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/24/2" id="schedule-23-paragraph-24-2"><Pnumber>2</Pnumber><P2para><Text>In paragraph 4(1) (copies of instruments to be sent to Secretary of State), for “any rules or regulations made” substitute “any statements of principle, rules, regulations or codes of practice issued or made”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/24/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/24/3" id="schedule-23-paragraph-24-3"><Pnumber>3</Pnumber><P2para><Text>For paragraphs 5 and 6 substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group Layout="below"><Title/><P1><Pnumber>5</Pnumber><P1para><Text>Paragraphs 6 to 9 below have effect instead of section 205A of this Act in relation to statements of principle, rules, regulations and codes of practice issued or made by a designated agency in the exercise of powers transferred to it by a delegation order.</Text></P1para></P1></P1group><P1group Layout="below"><Title/><P1><Pnumber>6</Pnumber><P1para><Text>Any such power is exercisable by instrument in writing and includes power to make different provision for different cases.</Text></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/24/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/24/4" id="schedule-23-paragraph-24-4"><Pnumber>4</Pnumber><P2para><Text>In paragraph 8 (instruments to be printed and made available to public)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/24/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/24/4/a" id="schedule-23-paragraph-24-4-a"><Pnumber>a</Pnumber><P3para><Text>in sub-paragraph (1) for “is made” substitute “is issued or made”, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/24/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/24/4/b" id="schedule-23-paragraph-24-4-b"><Pnumber>b</Pnumber><P3para><Text>in sub-paragraph (2) for “rule or regulation” (twice) substitute “statement of principle, rule, regulation or code of practice”.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/24/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/24/5" id="schedule-23-paragraph-24-5"><Pnumber>5</Pnumber><P2para><Text>In paragraph 9 (proof of instruments), for “made by the agency” (twice) substitute “made or issued by the agency”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/24/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/24/6" id="schedule-23-paragraph-24-6"><Pnumber>6</Pnumber><P2para><Text>For paragraph 12 (consultation) substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group Layout="below"><Title/><P1><Pnumber>12</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>Where a designated agency proposes, in the exercise of powers transferred to it by a delegation order, to issue or make any statements of principle, rules, regulations or codes of practice, it shall publish the proposed instrument in such manner as appears to it best calculated to bring the proposals to the attention of the public, together with a statement that representations about the proposals (and, in particular, representations as to the cost of complying with the proposed provisions) can be made to the agency within a specified time.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>Before issuing or making the instrument the agency shall have regard to any representations duly made in accordance with that statement.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>The above requirements do not apply—</Text><P3><Pnumber>a</Pnumber><P3para><Text>where the agency considers that the delay involved in complying with them would be prejudicial to the interests of investors;</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>to the issuing or making of an instrument in the same, or substantially the same, terms as a proposed instrument which was furnished by the agency to the Secretary of State for the purposes of section 114(9) of this Act.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/25" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/25" id="schedule-23-paragraph-25"><Pnumber>25</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/25/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/25/1" id="schedule-23-paragraph-25-1"><Pnumber>1</Pnumber><P2para><Text>Schedule 10 to the <CommentaryRef Ref="c13699701"/>Financial Services Act 1986 (application of investment business provisions to regulated insurance companies) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/25/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/25/2" id="schedule-23-paragraph-25-2"><Pnumber>2</Pnumber><P2para><Text>In paragraph 4 (modification of conduct of business rules), after sub-paragraph (2) insert—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P2><Pnumber>2A</Pnumber><P2para><Text>Sub-paragraphs (1) and (2) also apply to statements of principle under section 47A and codes of practice under section 63A so far as they relate to matters falling within the rule-making power in section 48.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/25/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/25/3" id="schedule-23-paragraph-25-3"><Pnumber>3</Pnumber><P2para><Text>In paragraph 7 (withdrawal of authorisation) after sub-paragraph (2) insert—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P2><Pnumber>3</Pnumber><P2para><Text>The disciplinary action which may be taken by virtue of section 47A(3) of this Act (failure to comply with statement of principle) includes—</Text><P3><Pnumber>a</Pnumber><P3para><Text>the withdrawal of authorisation under section 11(2)(a) of the Insurance Companies Act 1982, and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>the giving of a direction under section 13(2A) of that Act;</Text></P3para></P3><Text>and subsection (6) of section 47A (duty of the Secretary of State as to exercise of powers) has effect accordingly.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group></Part><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/part/II" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/part/II" NumberOfProvisions="26" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="schedule-23-part-II" RestrictStartDate="2001-12-01"><Number>Part II</Number><Title> Amendments Relating to Friendly Societies</Title><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/26" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/26" id="schedule-23-paragraph-26"><Pnumber>26</Pnumber><P1para><Text>Schedule 11 to the <CommentaryRef Ref="c13699711"/>Financial Services Act 1986 (friendly societies) is amended as follows.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/27" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/27" id="schedule-23-paragraph-27"><Pnumber>27</Pnumber><P1para><Text>In paragraph 3(2) (competition scrutiny: recognition of self-regulating organisation for friendly societies), after “sent to him under this sub-paragraph” insert “, together with any statements of principle, rules, regulations or codes of practice to which members of the organisation would be subject by virtue of this Schedule,”.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/28" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/28" id="schedule-23-paragraph-28"><Pnumber>28</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/28/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/28/1" id="schedule-23-paragraph-28-1"><Pnumber>1</Pnumber><P2para><Text>Paragraph 4 (requirements for recognition of self-regulating organisation for friendly societies) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/28/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/28/2" id="schedule-23-paragraph-28-2"><Pnumber>2</Pnumber><P2para><Text>In sub-paragraph (4)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/28/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/28/2/a" id="schedule-23-paragraph-28-2-a"><Pnumber>a</Pnumber><P3para><Text>in paragraph (a) for “22” substitute “22D”, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/28/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/28/2/b" id="schedule-23-paragraph-28-2-b"><Pnumber>b</Pnumber><P3para><Text>omit paragraph (b).</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/28/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/28/3" id="schedule-23-paragraph-28-3"><Pnumber>3</Pnumber><P2para><Text>In sub-paragraph (5) for “22” substitute “22D”.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/29" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/29" id="schedule-23-paragraph-29"><Pnumber><CommentaryRef Ref="c13699721"/>29</Pnumber><P1para><Text>Omit paragraph 7.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/30" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/30" id="schedule-23-paragraph-30"><Pnumber>30</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/30/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/30/1" id="schedule-23-paragraph-30-1"><Pnumber>1</Pnumber><P2para><Text>Paragraph 10 (competition scrutiny: circumstances in which powers are exercisable in relation to recognised self-regulating organisation for friendly societies) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/30/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/30/2" id="schedule-23-paragraph-30-2"><Pnumber>2</Pnumber><P2para><Text>In sub-paragraph (1), after paragraph (c) insert “together with any statements of principle, rules, regulations or codes of practice to which members of the organisation are subject by virtue of this Schedule,”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/30/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/30/3" id="schedule-23-paragraph-30-3"><Pnumber>3</Pnumber><P2para><Text>In sub-paragraph (2)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/30/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/30/3/a" id="schedule-23-paragraph-30-3-a"><Pnumber>a</Pnumber><P3para><Text>in paragraph (b), for “the rules” substitute “its rules, or the”, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/30/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/30/3/c" id="schedule-23-paragraph-30-3-c"><Pnumber>c</Pnumber><P3para><Text>in paragraph (c), for “the rules” substitute “its rules”.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/30/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/30/4" id="schedule-23-paragraph-30-4"><Pnumber>4</Pnumber><P2para><Text>In sub-paragraph (3) (construction of references to practices), omit the words from “and the practices referred to in paragraph (c)” to the end; and after that sub-paragraph insert—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P2><Pnumber>3A</Pnumber><P2para><Text>The practices referred to in paragraph (c) of sub-paragraph (1) above are practices in relation to business in respect of which the persons in question are subject to—</Text><P3><Pnumber>a</Pnumber><P3para><Text>the rules of the organisation, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>statements of principle, rules, regulations or codes of practice to which its members are subject by virtue of this Schedule,</Text></P3para></P3><Text>and which are required or contemplated by the rules of the organisation or by those statements, rules, regulations or codes, or by guidance issued by the organisation, or which are otherwise attributable to the conduct of the organisation as such.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/31" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/31" id="schedule-23-paragraph-31"><Pnumber>31</Pnumber><P1para><Text>In paragraph 13, for “Paragraphs 14 to 25” substitute “Paragraphs 13A to 25”.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" ConfersPower="true" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/32" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/32" id="schedule-23-paragraph-32"><Pnumber>32</Pnumber><P1para><Text>Before paragraph 14 and after the heading “<Emphasis>Conduct of investment business</Emphasis>”, insert—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group Layout="below"><Title/><P1><Pnumber>13A</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>The Registrar may issue statements of principle with respect to the conduct expected of regulated friendly societies.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>The conduct expected may include compliance with a code or standard issued by another person, as for the time being in force, and may allow for the exercise of discretion by any person pursuant to any such code or standard.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>Failure to comply with a statement of principle under this paragraph is a ground for the taking of disciplinary action or the exercise of powers of intervention, but it does not give rise to any right of action by investors or other persons affected or affect the validity of any transaction.</Text></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>The disciplinary action which may be taken by virtue of sub-paragraph (3) is—</Text><P3><Pnumber>a</Pnumber><P3para><Text>the making of a public statement under paragraph 21, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>the application by the Registrar for an injunction, interdict or other order under paragraph 22(1), or</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>any action under paragraph 26 or 27 of this Schedule;</Text></P3para></P3><Text>and the reference in that sub-paragraph to powers of intervention is to the powers conferred by Chapter <Acronym Expansion="6">VI</Acronym> of Part I of this Act.</Text></P2para></P2><P2><Pnumber>5</Pnumber><P2para><Text>Where a statement of principle relates to compliance with a code or standard issued by another person, the statement of principle may provide—</Text><P3><Pnumber>a</Pnumber><P3para><Text>that failure to comply with the code or standard shall be a ground for the taking of disciplinary action, or the exercise of powers of intervention, only in such cases and to such extent as may be specified; and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>that no such action shall be taken, or any such power exercised, except at the request of the person by whom the code or standard in question was issued.</Text></P3para></P3></P2para></P2><P2><Pnumber>6</Pnumber><P2para><Text>The Registrar shall exercise his powers in such manner as appears to him appropriate to secure compliance with statements of principle under this paragraph.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below"><Title/><P1><Pnumber>13B</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>The relevant regulatory authority may on the application of a regulated friendly society—</Text><P3><Pnumber>a</Pnumber><P3para><Text>modify a statement of principle issued under paragraph 13A so as to adapt it to the circumstances of the society or to any particular kind of business carried on by it, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>dispense the society from compliance with any such statement of principle, generally or in relation to any particular kind of business carried on by it.</Text></P3para></P3></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>The powers conferred by this paragraph shall not be exercised unless it appears to the relevant regulatory authority—</Text><P3><Pnumber>a</Pnumber><P3para><Text>that compliance with the statement of principle in question would be unduly burdensome for the applicant having regard to the benefit which compliance would confer on investors, and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>that the exercise of those powers will not result in any undue risk to investors.</Text></P3para></P3></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>The powers conferred by this paragraph may be exercised unconditionally or subject to conditions; and paragraph 13A(3) applies in the case of failure to comply with a condition as in the case of failure to comply with a statement of principle.</Text></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>The relevant regulatory authority for the purposes of this paragraph is—</Text><P3><Pnumber>a</Pnumber><P3para><Text>in the case of a member society of a recognised self-regulating organisation for friendly societies, in relation to investment business in the carrying on of which it is subject to the rules of the organisation, that organisation;</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>in any other case, or in relation to other investment business, the Registrar.</Text></P3para></P3></P2para></P2><P2><Pnumber>5</Pnumber><P2para><Text>The reference in paragraph 4(1) of Schedule 2 as applied by paragraph 4 above (requirements for recognition of self-regulating organisation for friendly societies) to monitoring and enforcement of compliance with statements of principle includes monitoring and enforcement of compliance with conditions imposed by the organisation under this paragraph.</Text></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" ConfersPower="true" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/33" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/33" id="schedule-23-paragraph-33"><Pnumber>33</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/33/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/33/1" id="schedule-23-paragraph-33-1"><Pnumber>1</Pnumber><P2para><Text>Paragraph 14 (conduct of business rules) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/33/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/33/2" id="schedule-23-paragraph-33-2"><Pnumber>2</Pnumber><P2para><Text>In sub-paragraph (1), omit the words “other than a member society”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/33/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/33/3" id="schedule-23-paragraph-33-3"><Pnumber>3</Pnumber><P2para><Text>After sub-paragraph (2) insert—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P2><Pnumber>2A</Pnumber><P2para><Text>Paragraph 22B below has effect as regards the application of rules under this paragraph to member societies in respect of investment business in the carrying on of which they are subject to the rules of a recognised self-regulating organisation for friendly societies.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/33/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/33/4" id="schedule-23-paragraph-33-4"><Pnumber>4</Pnumber><P2para><Text>In sub-paragraph (3), omit the word “and” after paragraph (a); and after paragraph (b) insert—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P3para><Text>; and</Text></P3para><P3><Pnumber>c</Pnumber><P3para><Text>for the references in subsection (4) to section 63B and a recognised self-regulating organisation there shall be substituted references to paragraph 13B and a recognised self-regulating organisation for friendly societies.</Text></P3para></P3></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/34" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/34" id="schedule-23-paragraph-34"><Pnumber><CommentaryRef Ref="c13699731"/>34</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/34/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/34/1" id="schedule-23-paragraph-34-1"><Pnumber>1</Pnumber><P2para><Text>Paragraph 19 (clients’ money regulations) is amended as follows.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/34/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/34/2" id="schedule-23-paragraph-34-2"><Pnumber>2</Pnumber><P2para><Text>In sub-paragraph (2) for the words from “(but with the substitution” to the end substitute “(but with the substitution for the reference in paragraph (e) of subsection (2) to the Secretary of State of a reference to the Registrar)”.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/34/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/34/3" id="schedule-23-paragraph-34-3"><Pnumber>3</Pnumber><P2para><Text>After that sub-paragraph insert—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P2><Pnumber>3</Pnumber><P2para><Text>Paragraph 22B below has effect as regards the application of regulations under this paragraph to member societies in respect of investment business in the carrying on of which they are subject to the rules of a recognised self-regulating organisation for friendly societies.</Text></P2para></P2></BlockAmendment><AppendText>.</AppendText></P2para></P2></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/35" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/35" id="schedule-23-paragraph-35"><Pnumber>35</Pnumber><P1para><Text>For paragraph 20 (unsolicited calls) substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group Layout="below"><Title/><P1><Pnumber>20</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>Regulations under section 56(1) of this Act shall not permit anything to be done by a regulated friendly society but that section shall not apply to anything done by such a society in the course of or in consequence of an unsolicited call which, as respects the society, constitutes the carrying on of regulated business, if it is permitted to be done by the society by regulations made by the Registrar with the consent of the Secretary of State.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>Paragraph 22B below has effect as regards the application of regulations under this paragraph to member societies in respect of investment business in the carrying on of which they are subject to the rules of a recognised self-regulating organisation for friendly societies.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>As it applies to such persons in respect of such business, the reference in sub-paragraph (1) above to conduct permitted by regulations made by the Registrar with the consent of the Secretary of State shall be construed—</Text><P3><Pnumber>a</Pnumber><P3para><Text>where or to the extent that the regulations do not apply, as a reference to conduct permitted by the rules of the organisation; and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>where or to the extent that the regulations do apply but are expressed to have effect subject to the rules of the organisation, as a reference to conduct permitted by the regulations together with the rules of the organisation.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" ConfersPower="true" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/36" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/36" id="schedule-23-paragraph-36"><Pnumber>36</Pnumber><P1para><Text>After paragraph 22 (and after the paragraph inserted by section 193(3)) insert—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group Layout="below"><Title/><P1><Pnumber>22B</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>The Registrar may in rules and regulations under—</Text><P3><Pnumber>a</Pnumber><P3para><Text>paragraph 14 (conduct of business rules),</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>paragraph 19 (clients’ money regulations), or</Text></P3para></P3><P3><Pnumber>c</Pnumber><P3para><Text>paragraph 20 (regulations as to unsolicited calls),</Text></P3para></P3><Text>designate provisions which apply, to such extent as may be specified, to a member society in respect of investment business in the carrying on of which it is subject to the rules of a recognised self-regulating organisation for friendly societies.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>It may be provided that the designated rules or regulations have effect, generally or to such extent as may be specified, subject to the rules of the organisation.</Text></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>A member society which contravenes a rule or regulation applying to it by virtue of this paragraph shall be treated as having contravened the rules of the relevant recognised self-regulating organisation for friendly societies.</Text></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>It may be provided that, to such extent as may be specified, the designated rules or regulations may not be modified or waived (under paragraph 22C below or section 50) in relation to a member society.</Text></P2para><P2para><Text>Where such provision is made any modification or waiver previously granted shall cease to have effect, subject to any transitional provision or saving contained in the rules or regulations.</Text></P2para></P2><P2><Pnumber>5</Pnumber><P2para><Text>Except as mentioned in sub-paragraph (1), the rules and regulations referred to in that sub-paragraph do not apply to a member society in respect of investment business in the carrying on of which it is subject to the rules of a recognised self-regulating organisation for friendly societies.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below"><Title/><P1><Pnumber>22C</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>A recognised self-regulating organisation for friendly societies may on the application of a society which is a member of the organisation—</Text><P3><Pnumber>a</Pnumber><P3para><Text>modify a rule or regulation designated under paragraph 22B so as to adapt it to the circumstances of the society or to any particular kind of business carried on by it, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>dispense the society from compliance with any such rule or regulation, generally or in relation to any particular kind of business carried on by it.</Text></P3para></P3></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>The powers conferred by this paragraph shall not be exercised unless it appears to the organisation—</Text><P3><Pnumber>a</Pnumber><P3para><Text>that compliance with the rule or regulation in question would be unduly burdensome for the applicant having regard to the benefit which compliance would confer on investors, and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>that the exercise of those powers will not result in any undue risk to investors.</Text></P3para></P3></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>The powers conferred by this paragraph may be exercised unconditionally or subject to conditions; and paragraph 22B(3) applies in the case of a contravention of a condition as in the case of contravention of a designated rule or regulation.</Text></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>The reference in paragraph 4(1) of Schedule 2 as applied by paragraph 4 above (requirements for recognition of self-regulating organisation for friendly societies) to monitoring and enforcement of compliance with rules and regulations includes monitoring and enforcement of compliance with conditions imposed by the organisation under this paragraph.</Text></P2para></P2></P1para></P1></P1group><P1group Layout="below"><Title/><P1><Pnumber>22D</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>The Registrar may issue codes of practice with respect to any matters dealt with by statements of principle issued under paragraph 13A or by rules or regulations made under any provision of this Schedule.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>In determining whether a society has failed to comply with a statement of principle—</Text><P3><Pnumber>a</Pnumber><P3para><Text>a failure by it to comply with any relevant provision of a code of practice may be relied on as tending to establish failure to comply with the statement of principle, and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>compliance by it with the relevant provisions of a code of practice may be relied on as tending to negative any such failure.</Text></P3para></P3></P2para></P2><P2><Pnumber>3</Pnumber><P2para><Text>A contravention of a code of practice with respect to a matter dealt with by rules or regulations shall not of itself give rise to any liability or invalidate any transaction; but in determining whether a society’s conduct amounts to contravention of a rule or regulation—</Text><P3><Pnumber>a</Pnumber><P3para><Text>contravention by it of any relevant provision of a code of practice may be relied on as tending to establish liability, and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>compliance by it with the relevant provisions of a code of practice may be relied on as tending to negative liability.</Text></P3para></P3></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>Where by virtue of paragraph 22B (application of designated rules and regulations to member societies) rules or regulations—</Text><P3><Pnumber>a</Pnumber><P3para><Text>do not apply, to any extent, to a member society of a recognised self-regulating organisation for friendly societies, or</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>apply, to any extent, subject to the rules of the organisation,</Text></P3para></P3><Text>a code of practice with respect to a matter dealt with by the rules or regulations may contain provision limiting its application to a corresponding extent.</Text></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/37" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/37" id="schedule-23-paragraph-37"><Pnumber>37</Pnumber><P1para><Text>For paragraph 29 (transfer of functions of making rules or regulations) substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group Layout="below"><Title/><P1><Pnumber>29</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>The Registrar shall not make a transfer order transferring any legislative functions to a transferee body unless—</Text><P3><Pnumber>a</Pnumber><P3para><Text>the body has furnished him and the Secretary of State with a copy of the instruments it proposes to issue or make in the exercise of those functions, and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>they are both satisfied that those instruments will—</Text><P4><Pnumber>i</Pnumber><P4para><Text>afford investors an adequate level of protection,</Text></P4para></P4><P4><Pnumber>ii</Pnumber><P4para><Text>in the case of provisions corresponding to those mentioned in Schedule 8 to this Act, comply with the principles set out in that Schedule, and</Text></P4para></P4><P4><Pnumber>iii</Pnumber><P4para><Text>take proper account of the supervision of friendly societies by the Registrar under the enactments relating to friendly societies.</Text></P4para></P4></P3para></P3></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>In this paragraph “<Term>legislative functions</Term>” means the functions of issuing or making statements of principle, rules, regulations or codes of practice.</Text></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/38" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/38" id="schedule-23-paragraph-38"><Pnumber>38</Pnumber><P1para><Text>In paragraph 30(2), for “rules or regulations made” substitute “statements of principle, rules, regulations or codes of practice issued or made”.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/39" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/39" id="schedule-23-paragraph-39"><Pnumber>39</Pnumber><P1para><Text>In paragraph 31(6)(c), for “as if the reference to section 205(2) were a reference to paragraph 45(1) below” substitute “as if the reference to section 205A were a reference to paragraph 45(1) and (3) below”.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" ConfersPower="true" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/40" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/40" id="schedule-23-paragraph-40"><Pnumber>40</Pnumber><P1para><Text>For paragraph 34 substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default"><P1group Layout="below"><Title/><P1><Pnumber>34</Pnumber><P1para><P2><Pnumber>1</Pnumber><P2para><Text>A transferee body to which the Registrar has transferred any legislative functions may exercise those functions without the consent of the Secretary of State.</Text></P2para></P2><P2><Pnumber>2</Pnumber><P2para><Text>In this paragraph “<Term>legislative functions</Term>” means the functions of issuing or making statements of principle, rules, regulations or codes of practice.</Text></P2para></P2></P1para></P1></P1group></BlockAmendment><AppendText>.</AppendText></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" ConfersPower="true" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/41" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/41" id="schedule-23-paragraph-41"><Pnumber>41</Pnumber><P1para><Text>In paragraph 36 (competition scrutiny: transferee bodies) in sub-paragraphs (1) and (3)(b) for “rules, regulations” substitute “statements of principle, rules, regulations, codes of practice”.</Text></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/42" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/42" id="schedule-23-paragraph-42"><Pnumber>42</Pnumber><P1para><Text>In paragraph 38(1) (publication of information and advice)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/42/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/42/a" id="schedule-23-paragraph-42-a"><Pnumber>a</Pnumber><P3para><Text>in paragraph (a), for “rules and regulations made” substitute “statements of principle, rules, regulations and codes of practice issued or made”, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/42/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/42/b" id="schedule-23-paragraph-42-b"><Pnumber>b</Pnumber><P3para><Text>in paragraph (b) for “rules or regulations” substitute “statements of principle, rules, regulations or codes of practice”.</Text></P3para></P3></P1para></P1></P1group><P1group Layout="below" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" ConfersPower="true" Match="false" RestrictStartDate="2001-12-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/43" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/43" id="schedule-23-paragraph-43"><Pnumber>43</Pnumber><P1para><Text>In paragraph 45—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/43/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/43/a" id="schedule-23-paragraph-43-a"><Pnumber>a</Pnumber><P3para><Text>in sub-paragraph (1) for “make regulations, rules or orders” substitute “issue or make statements of principle, rules, regulations, orders or codes of practice”, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/23/paragraph/43/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/23/paragraph/43/b" id="schedule-23-paragraph-43-b"><Pnumber>b</Pnumber><P3para><Text>in sub-paragraph (3) for “regulations, rules or orders” substitute “statements of principle, rules, regulations, orders or codes of practice.”.</Text></P3para></P3></P1para></P1></P1group></Part></ScheduleBody></Schedule><Schedule DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/schedule/24" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/24" id="schedule-24" RestrictExtent="E+W+S+N.I." RestrictStartDate="1991-10-01"><Number><CommentaryRef Ref="c13699771"/><CommentaryRef Ref="c13699781"/>SCHEDULE 24</Number><TitleBlock><Title>Repeals</Title></TitleBlock><Reference>Section 212.</Reference><ScheduleBody><Tabular Orientation="portrait"><table xmlns="http://www.w3.org/1999/xhtml" cols="3"><tbody><tr><th>Chapter</th><th>Short title</th><th>Extent of repeal</th></tr><tr><td>1964 c. 40.</td><td>Harbours Act 1964.</td><td>In section 42(6), the words “required to be attached to a company’s balance sheet”.</td></tr><tr><td>1973 c. 41.</td><td>Fair Trading Act 1973.</td><td>Section 46(3).</td></tr><tr><td/><td/><td>In section 71, in subsection (1) the words “made under section 69(4) of this Act” and subsection (2).</td></tr><tr><td/><td/><td>In section 74(1), the words from “and does not” to “section 69(4) of this Act”.</td></tr><tr><td/><td/><td>In section 85, subsection (5) and, in subsection (6), paragraph (b) and the word “or” preceding it.</td></tr><tr><td/><td/><td>In section 88(6), the words from “the relevant parties” to the “and” immediately following paragraph (c).</td></tr><tr><td/><td/><td>In section 89(2), the words “Part II of”.</td></tr><tr><td/><td/><td>In Schedule 9, in paragraph 4 the words from “either” to the end.</td></tr><tr><td>1985 c. 6.</td><td>Companies Act 1985.</td><td>Section 160(3).</td></tr><tr><td>1985 c. 6—<Emphasis xmlns="http://www.legislation.gov.uk/namespaces/legislation">cont.</Emphasis></td><td>Companies Act 1985—<Emphasis xmlns="http://www.legislation.gov.uk/namespaces/legislation">cont.</Emphasis></td><td>In section 169(5), the words from “, during business hours” to “for inspection)”.</td></tr><tr><td/><td/><td>In section 175(6)(b), the words from “during business hours” to “period”.</td></tr><tr><td/><td/><td>In section 191—</td></tr><tr><td/><td/><td>(a) in subsection (1), the words from “(but” to “for inspection)”;</td></tr><tr><td/><td/><td>(b) in subsection (3), paragraphs (a) and (b).</td></tr><tr><td/><td/><td>Section 201.</td></tr><tr><td/><td/><td>In section 202(1), the words “(except where section 201(3) applies)”.</td></tr><tr><td/><td/><td>Section 209(1)(j).</td></tr><tr><td/><td/><td>In section 219(1), the words from “during” to “for inspection)”.</td></tr><tr><td/><td/><td>In section 288(3), the words from “during” to “for inspection)”.</td></tr><tr><td/><td/><td>In section 318(7), the words from “during” to “for inspection)”.</td></tr><tr><td/><td/><td>In section 356—</td></tr><tr><td/><td/><td>(a) in subsection (1), the words “during business hours”;</td></tr><tr><td/><td/><td>(b) subsections (2) and (4).</td></tr><tr><td/><td/><td>In section 383—</td></tr><tr><td/><td/><td>(a) in subsection (1), the words “during business hours”;</td></tr><tr><td/><td/><td>(b) subsection (2);</td></tr><tr><td/><td/><td>(c) in subsection (3), the words from “at a charge” to the end.</td></tr><tr><td/><td/><td>Section 389.</td></tr><tr><td/><td/><td>Section 435.</td></tr><tr><td/><td/><td>Section 440.</td></tr><tr><td/><td/><td>Section 443(4).</td></tr><tr><td/><td/><td>In section 446—</td></tr><tr><td/><td/><td>(a) in subsection (3), paragraph (b) and the word “and” preceding it;</td></tr><tr><td/><td/><td>(b) subsection (7).</td></tr><tr><td/><td/><td>Section 447(1).</td></tr><tr><td/><td/><td>In section 449(1)—</td></tr><tr><td/><td/><td>(a) the words “or 448”;</td></tr><tr><td/><td/><td>(b) paragraph (e).</td></tr><tr><td/><td/><td>Section 452(1)(b).</td></tr><tr><td/><td/><td>In section 460(1), the words “(inspection of company’s books and papers)” and “under section 440”.</td></tr><tr><td>1985 c. 6—<Emphasis xmlns="http://www.legislation.gov.uk/namespaces/legislation">cont.</Emphasis></td><td>Companies Act 1985—<Emphasis xmlns="http://www.legislation.gov.uk/namespaces/legislation">cont.</Emphasis></td><td>In section 464(5), at the end of paragraph (c), the word “and”.</td></tr><tr><td/><td/><td>In section 466—</td></tr><tr><td/><td/><td>(a) in subsection (2), paragraph (a) and (d) and the word “or” preceding the latter;</td></tr><tr><td/><td/><td>(b) subsections (4) and (5);</td></tr><tr><td/><td/><td>(c) in subsection (6), the words “falling under subsection (4) of this section”.</td></tr><tr><td/><td/><td>In section 651(1), the words “at any time within 2 years of the date of the dissolution”.</td></tr><tr><td/><td/><td>In section 708(1)(b), the words “or other material”.</td></tr><tr><td/><td/><td>Sections 712 and 715.</td></tr><tr><td/><td/><td>In section 716(2), the words following paragraph (c).</td></tr><tr><td/><td/><td>In section 717(1), the words following paragraph (c).</td></tr><tr><td/><td/><td>In section 733(3), the words from “then” to “216(3)”.</td></tr><tr><td/><td/><td>In section 735A(1), the words “440, 449(1)(a) and (d)”.</td></tr><tr><td/><td/><td>In section 744, the definitions of “annual return”, “authorised institution”, “authorised minimum”, “expert”, “floating charge”, “joint stock company” and “undistributable reserves”.</td></tr><tr><td/><td/><td>In section 746, the words “Except as provided by section 243(6),”.</td></tr><tr><td/><td/><td>In Schedule 2—</td></tr><tr><td/><td/><td>(a) in paragraph 1(1), the words “paragraph 60(2) of Schedule 4 or paragraph 19(3) of Schedule 9”;</td></tr><tr><td/><td/><td>(b) paragraph 1(5);</td></tr><tr><td/><td/><td>(c) in paragraph 2(1), the word “23,”;</td></tr><tr><td/><td/><td>(d) paragraph 2(2);</td></tr><tr><td/><td/><td>(e) in paragraph 3(1), the words “paragraph 60(2) of Schedule 4 or paragraph 19(3) of Schedule 9”;</td></tr><tr><td/><td/><td>(f) paragraph 3(3);</td></tr><tr><td>1985 c. 6—<Emphasis xmlns="http://www.legislation.gov.uk/namespaces/legislation">cont.</Emphasis></td><td>Companies Act 1985—<Emphasis xmlns="http://www.legislation.gov.uk/namespaces/legislation">cont.</Emphasis></td><td>(g) in paragraph 4(1), the words “(whether as personal representative or otherwise)”;</td></tr><tr><td/><td/><td>(h) in paragraph 4(2), the words “paragraph 60(2) of Schedule 4 or paragraph 19(3) of Schedule 9”.</td></tr><tr><td/><td/><td>In Schedule 4, paragraphs 50(6), 53(7), 60 to 70, 74, 75, 77 to 81, 87, 90 to 92 and 95.</td></tr><tr><td/><td/><td>In Schedule 9—</td></tr><tr><td/><td/><td>(a) paragraphs 1, 13(3) and (18), 16, 18(5), 19(3) to (7) and 21 to 26;</td></tr><tr><td/><td/><td>(b) in paragraph 27(4), the words “of the said Part I”;</td></tr><tr><td/><td/><td>(c) in paragraph 28, in sub-paragraph (1) the words “to which Part II of the Insurance Companies Act 1982 applies” and in sub-paragraph (2) the words “of Part I of this Schedule”;</td></tr><tr><td/><td/><td>(d) paragraphs 29 to 31.</td></tr><tr><td/><td/><td>In Schedule 11—</td></tr><tr><td/><td/><td>(a) paragraph 4(b) and (c);</td></tr><tr><td/><td/><td>(b) paragraph 5(b).</td></tr><tr><td/><td/><td>In Schedule 13, in paragraph 25, the words from “during” to “for inspection)”.</td></tr><tr><td/><td/><td>Schedule 15.</td></tr><tr><td/><td/><td>In Schedule 22—</td></tr><tr><td/><td/><td>(a) the entry relating to section 36(4);</td></tr><tr><td/><td/><td>(b) in the entry relating to sections 363 to 365, the words “(with Schedule 15)”;</td></tr><tr><td/><td/><td>(c) in the entry relating to sections 384 to 393, in column 2, the word “qualifications”.</td></tr><tr><td/><td/><td>In Schedule 24, the entries relating to sections 245(1), 245(2), 255(5), 260(3), 287(3), 365(3), 384(5), 386(2), 389(10), 390(7), 391(4), 392(2) and 393.</td></tr><tr><td>1985 c. 65.</td><td>Insolvency Act 1985.</td><td>In Schedule 6, paragraphs 7(3), 23 and 45.</td></tr><tr><td>1986 c. 45.</td><td>Insolvency Act 1986.</td><td>In sections 45(5), 53(2), 54(3) and 62(5), the words “and, for continued contravention, to a daily default fine”.</td></tr><tr><td>1986 c. 45—<Emphasis xmlns="http://www.legislation.gov.uk/namespaces/legislation">cont.</Emphasis></td><td>Insolvency Act 1986—<Emphasis xmlns="http://www.legislation.gov.uk/namespaces/legislation">cont.</Emphasis></td><td>In Schedule 10, the entries in column 5 relating to sections 45(5), 53(2), 54(3) and 62(5).</td></tr><tr><td/><td/><td>In Part I of Schedule 13, the entries relating to sections 222(4), 225 and 733(3).</td></tr><tr><td>1986 c. 46.</td><td>Company Directors Disqualification Act 1986.</td><td>In section 21(2), the words “and section 431 (summary proceedings)”.</td></tr><tr><td>1986 c. 53.</td><td>Building Societies Act 1986.</td><td>In Schedule 15, in paragraph 3(2)(b), the words “, a shadow director”.</td></tr><tr><td/><td/><td>In Schedule 18, paragraphs 16 and 17.</td></tr><tr><td>1986 c. 60.</td><td>Financial Services Act 1986.</td><td>In section 13—</td></tr><tr><td/><td/><td>(a) subsection (1);</td></tr><tr><td/><td/><td>(b) subsections (4) to (6).</td></tr><tr><td/><td/><td>In section 48(1), the words “members of a recognised self-regulating organisation or” and “organisation o r”.</td></tr><tr><td/><td/><td>In section 55—</td></tr><tr><td/><td/><td>(a) in subsection (2)(b) and (e), the words “a member of a recognised self-regulating organisation or” and “organisation or”;</td></tr><tr><td/><td/><td>(b) in subsection (3), the words “organisation or”.</td></tr><tr><td/><td/><td>In section 94—</td></tr><tr><td/><td/><td>(a) in subsection (3), the words “except section 435(1)(a) and (b) and (2)”;</td></tr><tr><td/><td/><td>(b) in subsection (4), the words “or its affairs”, “and the affairs mentioned in subsection (1) or (2) above” and “or director”.</td></tr><tr><td/><td/><td>Section 105(7).</td></tr><tr><td/><td/><td>In section 119(5), the words from “and the practices referred to in paragraph (c)” to the end.</td></tr><tr><td/><td/><td>In sections 159(1) and 160(1), the words from the beginning to “section 161 below”.</td></tr><tr><td/><td/><td>In section 179(3), the word “and” preceding paragraph (i).</td></tr><tr><td/><td/><td>Section 180(6).</td></tr><tr><td/><td/><td>Section 196(3).</td></tr><tr><td/><td/><td>Section 198(1).</td></tr><tr><td>1986 c. 60—<Emphasis xmlns="http://www.legislation.gov.uk/namespaces/legislation">cont.</Emphasis></td><td>Financial Services Act 1986—<Emphasis xmlns="http://www.legislation.gov.uk/namespaces/legislation">cont.</Emphasis></td><td>In section 199(9), the words from “and, in relation” to the end.</td></tr><tr><td/><td/><td>In Schedule 11—</td></tr><tr><td/><td/><td>(a) paragraph 4(4)(b);</td></tr><tr><td/><td/><td>(b) paragraph 7;</td></tr><tr><td/><td/><td>(c) in paragraph 10(3), the words from “and the practices referred to in paragraph (c)” to the end;</td></tr><tr><td/><td/><td>(d) in paragraph 14(1), the words “other than a member society”;</td></tr><tr><td/><td/><td>(e) in paragraph 14(3), the word “and” after paragraph (a).</td></tr><tr><td/><td/><td>In Schedule 16, paragraph 22.</td></tr><tr><td>1987 c. 22.</td><td>Banking Act 1987.</td><td>In the Table in section 84(1), the entry relating to persons appointed under section 94, 106 or 177 of the Financial Services Act 1986.</td></tr><tr><td/><td/><td>Section 90(1).</td></tr><tr><td/><td/><td>In Schedule 6—</td></tr><tr><td/><td/><td>(a) paragraph 18(1) to (6);</td></tr><tr><td/><td/><td>(b) in paragraph 18(7), the words “and (1A)”;</td></tr><tr><td/><td/><td>(c) paragraph 18(8) and (9);</td></tr><tr><td/><td/><td>(d) in paragraph 27(3), the words “and (6)”.</td></tr><tr><td>1987 c. 41.</td><td>Criminal Justice (Scotland) Act 1987.</td><td>Section 55(a).</td></tr><tr><td>1988 c. 1.</td><td>Income and Corporation Taxes Act 1988.</td><td>Section 565(6)(b).</td></tr><tr><td>1988 c. 33.</td><td>Criminal Justice Act 1988.</td><td>Section 145(a).</td></tr><tr><td>1988 c. 48.</td><td>Copyright, Designs and Patents Act 1988.</td><td>In Schedule 7, paragraph 31.</td></tr></tbody></table></Tabular></ScheduleBody></Schedule></Schedules></Primary><Versions><Version id="v00209" Description="E+W" RestrictOutput="false"><P1group AltVersionRefs="v00208" ConfersPower="true" Concurrent="true" RestrictExtent="E+W" RestrictStartDate="1991-12-01"><Title> Fees.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152" id="section-152"><Pnumber><CommentaryRef Ref="c13693421"/>152</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/1/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/1" id="section-152-1"><Pnumber>1</Pnumber><P2para><Text>The Secretary of State may by regulations made by statutory instrument require the payment to him or to the Director of such fees as may be prescribed by the regulations in connection with the exercise by the Secretary of State, the Director and the Commission of their functions under Part V of the <CommentaryRef Ref="c13693431"/>Fair Trading Act 1973.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/2/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/2" id="section-152-2"><Pnumber>2</Pnumber><P2para><Text>The regulations may provide for fees to be payable—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/2/a/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/2/a" id="section-152-2-a"><Pnumber>a</Pnumber><P3para><Text>in respect of—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/2/a/i/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/2/a/i" id="section-152-2-a-i"><Pnumber>i</Pnumber><P4para><Text>an application for the consent of the Secretary of State under section 58(1) of the Fair Trading Act 1973 to the transfer of a newspaper or of newspaper assets, and</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/2/a/ii/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/2/a/ii" id="section-152-2-a-ii"><Pnumber>ii</Pnumber><P4para><Text>a notice under section 75A(1) of that Act, and</Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/2/b/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/2/b" id="section-152-2-b"><Pnumber>b</Pnumber><P3para><Text>on the occurrence of any event specified in the regulations.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/3/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/3" id="section-152-3"><Pnumber>3</Pnumber><P2para><Text>The events that may be specified in the regulations by virtue of subsection (2)(b) above include—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/3/a/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/3/a" id="section-152-3-a"><Pnumber>a</Pnumber><P3para><Text>the making by the Secretary of State of a merger reference to the Commission under section 64 or 75 of the Fair Trading Act 1973,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/3/b/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/3/b" id="section-152-3-b"><Pnumber>b</Pnumber><P3para><Text>the announcement by the Secretary of State of his decision not to make a merger reference in any case where, at the time the announcement is made, he would under one of those sections have power to make a such a reference.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/4/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/4" id="section-152-4"><Pnumber>4</Pnumber><P2para><Text>The regulations may also contain provision—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/4/a/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/4/a" id="section-152-4-a"><Pnumber>a</Pnumber><P3para><Text>for ascertaining the persons by whom fees are payable,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/4/b/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/4/b" id="section-152-4-b"><Pnumber>b</Pnumber><P3para><Text>specifying whether any fee is payable to the Secretary of State or to the Director,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/4/c/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/4/c" id="section-152-4-c"><Pnumber>c</Pnumber><P3para><Text>for the amount of any fee to be calculated by reference to matters which may include—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/4/c/i/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/4/c/i" id="section-152-4-c-i"><Pnumber>i</Pnumber><P4para><Text>in a case involving functions of the Secretary of State under sections 57 to 61 of the <CommentaryRef Ref="c13693441"/>Fair Trading Act 1973, the number of newspapers concerned, the number of separate editions (determined in accordance with the regulations) of each newspaper and the average circulation per day of publication (within the meaning of Part V of that Act) of each newspaper, and</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/4/c/ii/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/4/c/ii" id="section-152-4-c-ii"><Pnumber>ii</Pnumber><P4para><Text>in any other case, the value (determined in accordance with the regulations) of any assets concerned,</Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/4/d/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/4/d" id="section-152-4-d"><Pnumber>d</Pnumber><P3para><Text>as to the time when any fee is to be paid, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/4/e/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/4/e" id="section-152-4-e"><Pnumber>e</Pnumber><P3para><Text>for the repayment by the Secretary of State or the Director of the whole or part of any fee in specified circumstances.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/5/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/5" id="section-152-5"><Pnumber>5</Pnumber><P2para><Text>The regulations may make different provision for different cases.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/6/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/6" id="section-152-6"><Pnumber>6</Pnumber><P2para><Text>Subsections (2) to (5) above do not prejudice the generality of subsection (1) above.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/7/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/7" id="section-152-7"><Pnumber>7</Pnumber><P2para><Text>In determining the amount of any fees to be prescribed by the regulations, the Secretary of State may take into account all costs incurred by him and by the Director in respect of the exercise by him, by the Commission and by the Director of their respective functions—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/7/a/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/7/a" id="section-152-7-a"><Pnumber>a</Pnumber><P3para><Text>under Part V of the Fair Trading Act 1973, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/7/b/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/7/b" id="section-152-7-b"><Pnumber>b</Pnumber><P3para><Text>under Parts I, VII and <Acronym Expansion="8">VIII</Acronym> of that Act in relation to merger references or other matters arising under Part V.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/8/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/8" id="section-152-8"><Pnumber>8</Pnumber><P2para><Text>A statutory instrument containing regulations under this section shall be subject to annulment in pursuance of a resolution of either House of Parliament.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/9/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/9" id="section-152-9"><Pnumber>9</Pnumber><P2para><Text>Fees paid to the Secretary of State or the Director under this section shall be paid into the Consolidated Fund.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/10/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/10" id="section-152-10"><Pnumber>10</Pnumber><P2para><Text>In this section—</Text><UnorderedList Decoration="none"><ListItem><Para><Text>“the Commission”,</Text></Para></ListItem><ListItem><Para><Text>“the Director”, and</Text></Para></ListItem><ListItem><Para><Text>“merger reference”,</Text></Para></ListItem></UnorderedList><Text>have the same meaning as in the Fair Trading Act 1973, and “<Term id="term-newspaper">newspaper</Term>” has the same meaning as in Part V of that Act.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/11/england+wales" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/11" id="section-152-11"><Pnumber>11</Pnumber><P2para><Text>References in this section to Part V of the Fair Trading Act 1973 and to merger references under section 64 or 75 of that Act or under that Part [<CommentaryRef Ref="c13693451"/>include sections 32 to 34 of the Water Industry Act 1991 and any reference under section 32 of that Act].</Text></P2para></P2></P1para></P1></P1group></Version><Version id="v00208" Description="S+N.I." RestrictOutput="false"><P1group AltVersionRefs="v00209" ConfersPower="true" Concurrent="true" RestrictExtent="S+N.I." RestrictStartDate="1991-12-01"><Title> Fees.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152" id="section-152"><Pnumber><CommentaryRef Ref="c13693381"/>152</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/1/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/1" id="section-152-1"><Pnumber>1</Pnumber><P2para><Text>The Secretary of State may by regulations made by statutory instrument require the payment to him or to the Director of such fees as may be prescribed by the regulations in connection with the exercise by the Secretary of State, the Director and the Commission of their functions under Part V of the <CommentaryRef Ref="c13693391"/>Fair Trading Act 1973.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/2/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/2" id="section-152-2"><Pnumber>2</Pnumber><P2para><Text>The regulations may provide for fees to be payable—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/2/a/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/2/a" id="section-152-2-a"><Pnumber>a</Pnumber><P3para><Text>in respect of—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/2/a/i/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/2/a/i" id="section-152-2-a-i"><Pnumber>i</Pnumber><P4para><Text>an application for the consent of the Secretary of State under section 58(1) of the Fair Trading Act 1973 to the transfer of a newspaper or of newspaper assets, and</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/2/a/ii/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/2/a/ii" id="section-152-2-a-ii"><Pnumber>ii</Pnumber><P4para><Text>a notice under section 75A(1) of that Act, and</Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/2/b/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/2/b" id="section-152-2-b"><Pnumber>b</Pnumber><P3para><Text>on the occurrence of any event specified in the regulations.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/3/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/3" id="section-152-3"><Pnumber>3</Pnumber><P2para><Text>The events that may be specified in the regulations by virtue of subsection (2)(b) above include—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/3/a/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/3/a" id="section-152-3-a"><Pnumber>a</Pnumber><P3para><Text>the making by the Secretary of State of a merger reference to the Commission under section 64 or 75 of the Fair Trading Act 1973,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/3/b/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/3/b" id="section-152-3-b"><Pnumber>b</Pnumber><P3para><Text>the announcement by the Secretary of State of his decision not to make a merger reference in any case where, at the time the announcement is made, he would under one of those sections have power to make a such a reference.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/4/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/4" id="section-152-4"><Pnumber>4</Pnumber><P2para><Text>The regulations may also contain provision—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/4/a/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/4/a" id="section-152-4-a"><Pnumber>a</Pnumber><P3para><Text>for ascertaining the persons by whom fees are payable,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/4/b/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/4/b" id="section-152-4-b"><Pnumber>b</Pnumber><P3para><Text>specifying whether any fee is payable to the Secretary of State or to the Director,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/4/c/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/4/c" id="section-152-4-c"><Pnumber>c</Pnumber><P3para><Text>for the amount of any fee to be calculated by reference to matters which may include—</Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/4/c/i/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/4/c/i" id="section-152-4-c-i"><Pnumber>i</Pnumber><P4para><Text>in a case involving functions of the Secretary of State under sections 57 to 61 of the <CommentaryRef Ref="c13693401"/>Fair Trading Act 1973, the number of newspapers concerned, the number of separate editions (determined in accordance with the regulations) of each newspaper and the average circulation per day of publication (within the meaning of Part V of that Act) of each newspaper, and</Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/4/c/ii/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/4/c/ii" id="section-152-4-c-ii"><Pnumber>ii</Pnumber><P4para><Text>in any other case, the value (determined in accordance with the regulations) of any assets concerned,</Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/4/d/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/4/d" id="section-152-4-d"><Pnumber>d</Pnumber><P3para><Text>as to the time when any fee is to be paid, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/4/e/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/4/e" id="section-152-4-e"><Pnumber>e</Pnumber><P3para><Text>for the repayment by the Secretary of State or the Director of the whole or part of any fee in specified circumstances.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/5/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/5" id="section-152-5"><Pnumber>5</Pnumber><P2para><Text>The regulations may make different provision for different cases.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/6/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/6" id="section-152-6"><Pnumber>6</Pnumber><P2para><Text>Subsections (2) to (5) above do not prejudice the generality of subsection (1) above.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/7/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/7" id="section-152-7"><Pnumber>7</Pnumber><P2para><Text>In determining the amount of any fees to be prescribed by the regulations, the Secretary of State may take into account all costs incurred by him and by the Director in respect of the exercise by him, by the Commission and by the Director of their respective functions—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/7/a/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/7/a" id="section-152-7-a"><Pnumber>a</Pnumber><P3para><Text>under Part V of the Fair Trading Act 1973, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/7/b/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/7/b" id="section-152-7-b"><Pnumber>b</Pnumber><P3para><Text>under Parts I, VII and VIII of that Act in relation to merger references or other matters arising under Part V.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/8/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/8" id="section-152-8"><Pnumber>8</Pnumber><P2para><Text>A statutory instrument containing regulations under this section shall be subject to annulment in pursuance of a resolution of either House of Parliament.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/9/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/9" id="section-152-9"><Pnumber>9</Pnumber><P2para><Text>Fees paid to the Secretary of State or the Director under this section shall be paid into the Consolidated Fund.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/10/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/10" id="section-152-10"><Pnumber>10</Pnumber><P2para><Text>In this section—</Text><UnorderedList Decoration="none"><ListItem><Para><Text>“the Commission”,</Text></Para></ListItem><ListItem><Para><Text>“the Director”, and</Text></Para></ListItem><ListItem><Para><Text>“merger reference”,</Text></Para></ListItem></UnorderedList><Text>have the same meaning as in the Fair Trading Act 1973, and “<Term id="term-newspaper">newspaper</Term>” has the same meaning as in Part V of that Act.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/152/11/scotland+ni" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/11" id="section-152-11"><Pnumber>11</Pnumber><P2para><Text>References in this section to Part V of the Fair Trading Act 1973 and to merger references under section 64 or 75 of that Act or under that Part include sections 29 and 30 of the <CommentaryRef Ref="c13693411"/>Water Act 1989 and any reference under section 29 of that Act.</Text></P2para></P2></P1para></P1></P1group></Version><Version id="v00282" Description="E+W+S" RestrictOutput="false"><P1group Concurrent="true" RestrictExtent="E+W+S" RestrictStartDate="2013-04-01"><Title> Repeals.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1989/40/section/212/england+wales+scotland" IdURI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/212" id="section-212"><Pnumber>212</Pnumber><P1para><Text>The enactments mentioned in Schedule 24 are repealed to the extent specified there.</Text></P1para></P1></P1group></Version></Versions><Commentaries><Commentary id="c13686961" Type="E"><Para><Text>Act extends to Great Britain, but for exceptions see <CitationSubRef id="c00005" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213" SectionRef="section-213">s. 213</CitationSubRef>.</Text></Para></Commentary><Commentary id="c18769141" Type="F"><Para><Text><CitationSubRef id="c00006" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/1" SectionRef="section-1">S. 1</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00007" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00008" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00007" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00009" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00007" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00010" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00007" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00011" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00012" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00011" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00013" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00011" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00014" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00011" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00015" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00011" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769151" Type="F"><Para><Text><CitationSubRef id="c00016" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/2" SectionRef="section-2">S. 2</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00017" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00018" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00017" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00019" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00017" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00020" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00017" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00021" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00022" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00021" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00023" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00021" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00024" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00021" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00025" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00021" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769161" Type="F"><Para><Text><CitationSubRef id="c00026" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/3" SectionRef="section-3">S. 3</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00027" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00028" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00027" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00029" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00027" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00030" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00027" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00031" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00032" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00031" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00033" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00031" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00034" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00031" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00035" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00031" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769171" Type="F"><Para><Text><CitationSubRef id="c00036" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/4" SectionRef="section-4">S. 4</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00037" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00038" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00037" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00039" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00037" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00040" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00037" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00041" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00042" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00041" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00043" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00041" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00044" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00041" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00045" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00041" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769181" Type="F"><Para><Text><CitationSubRef id="c00046" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/5" SectionRef="section-5">S. 5</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00047" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00048" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00047" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00049" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00047" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00050" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00047" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00051" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00052" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00051" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00053" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00051" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00054" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00051" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00055" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00051" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769191" Type="F"><Para><Text><CitationSubRef id="c00056" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/6" SectionRef="section-6">S. 6</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00057" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00058" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00057" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00059" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00057" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00060" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00057" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00061" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00062" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00061" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00063" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00061" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00064" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00061" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00065" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00061" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769201" Type="F"><Para><Text><CitationSubRef id="c00066" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/7" SectionRef="section-7">S. 7</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00067" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00068" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00067" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00069" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00067" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00070" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00067" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00071" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00072" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00071" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00073" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00071" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00074" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00071" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00075" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00071" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769211" Type="F"><Para><Text><CitationSubRef id="c00076" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/8" SectionRef="section-8">S. 8</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00077" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00078" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00077" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00079" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00077" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00080" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00077" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00081" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00082" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00081" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00083" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00081" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00084" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00081" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00085" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00081" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769221" Type="F"><Para><Text><CitationSubRef id="c00086" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/9" SectionRef="section-9">S. 9</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00087" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00088" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00087" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00089" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00087" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00090" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00087" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00091" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00092" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00091" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00093" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00091" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00094" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00091" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00095" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00091" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769231" Type="F"><Para><Text><CitationSubRef id="c00096" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/10" SectionRef="section-10">S. 10</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00097" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00098" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00097" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00099" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00097" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00100" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00097" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00101" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00102" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00101" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00103" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00101" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00104" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00101" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00105" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00101" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769241" Type="F"><Para><Text><CitationSubRef id="c00106" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/11" SectionRef="section-11">S. 11</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00107" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00108" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00107" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00109" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00107" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00110" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00107" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00111" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00112" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00111" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00113" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00111" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00114" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00111" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00115" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00111" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769251" Type="F"><Para><Text><CitationSubRef id="c00116" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/12" SectionRef="section-12">S. 12</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00117" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00118" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00117" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00119" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00117" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00120" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00117" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00121" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00122" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00121" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00123" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00121" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00124" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00121" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00125" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00121" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769261" Type="F"><Para><Text><CitationSubRef id="c00126" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/13" SectionRef="section-13">S. 13</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00127" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00128" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00127" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00129" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00127" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00130" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00127" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00131" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00132" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00131" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00133" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00131" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00134" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00131" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00135" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00131" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769271" Type="F"><Para><Text><CitationSubRef id="c00136" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/14" SectionRef="section-14">S. 14</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00137" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00138" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00137" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00139" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00137" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00140" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00137" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00141" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00142" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00141" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00143" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00141" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00144" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00141" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00145" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00141" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769281" Type="F"><Para><Text><CitationSubRef id="c00146" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/15" SectionRef="section-15">S. 15</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00147" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00148" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00147" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00149" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00147" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00150" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00147" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00151" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00152" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00151" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00153" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00151" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00154" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00151" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00155" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00151" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769291" Type="F"><Para><Text><CitationSubRef id="c00156" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/16" SectionRef="section-16">S. 16</CitationSubRef> repealed (1.10.2007) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00157" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00158" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00157" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00159" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00157" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00160" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00157" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/2194" id="c00161" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="2194">S.I. 2007/2194</Citation>, <CitationSubRef id="c00162" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/article/8" CitationRef="c00161" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00163" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/schedule/2/part/1" CitationRef="c00161" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef>  (with <CitationSubRef id="c00164" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/article/12" CitationRef="c00161" SectionRef="article-12">art. 12</CitationSubRef>, <CitationSubRef id="c00165" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/schedule/3" CitationRef="c00161" SectionRef="schedule-3">Sch. 3</CitationSubRef> (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/2607" id="c00166" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="2607">S.I. 2007/2607</Citation>, <CitationSubRef id="c00167" URI="http://www.legislation.gov.uk/id/uksi/2007/2607/article/1" CitationRef="c00166" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c00168" URI="http://www.legislation.gov.uk/id/uksi/2007/2607/article/4" CitationRef="c00166" SectionRef="article-4">4</CitationSubRef> and <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00169" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00170" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/2/6" CitationRef="c00169" SectionRef="article-2-6">arts. 2(6)</CitationSubRef>, <CitationSubRef id="c00171" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/11" CitationRef="c00169" SectionRef="article-11">11</CitationSubRef>, <CitationSubRef id="c00172" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/5/paragraph/2/3" UpTo="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/5/paragraph/2/7" CitationRef="c00169" Type="group" StartSectionRef="schedule-5-paragraph-2-3" EndSectionRef="schedule-5-paragraph-2-7">Sch. 5 para. 2(3)-(7)</CitationSubRef>) and subject to Sch. 1)</Text></Para></Commentary><Commentary id="c18769301" Type="F"><Para><Text><CitationSubRef id="c00173" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/17" SectionRef="section-17">S. 17</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00174" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00175" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00174" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00176" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00174" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00177" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00174" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00178" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00179" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00178" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00180" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00178" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00181" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00178" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00182" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00178" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769311" Type="F"><Para><Text><CitationSubRef id="c00183" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/18" SectionRef="section-18">S. 18</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00184" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00185" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00184" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00186" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00184" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00187" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00184" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00188" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00189" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00188" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00190" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00188" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00191" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00188" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00192" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00188" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769321" Type="F"><Para><Text><CitationSubRef id="c00193" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/19" SectionRef="section-19">S. 19</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00194" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00195" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00194" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00196" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00194" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00197" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00194" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00198" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00199" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00198" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00200" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00198" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00201" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00198" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00202" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00198" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769331" Type="F"><Para><Text><CitationSubRef id="c00203" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/20" SectionRef="section-20">S. 20</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00204" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00205" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00204" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00206" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00204" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00207" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00204" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00208" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00209" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00208" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00210" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00208" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00211" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00208" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00212" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00208" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769341" Type="F"><Para><Text><CitationSubRef id="c00213" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/21" SectionRef="section-21">S. 21</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00214" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00215" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00214" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00216" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00214" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00217" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00214" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00218" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00219" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00218" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00220" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00218" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00221" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00218" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00222" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00218" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769351" Type="F"><Para><Text><CitationSubRef id="c00223" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/22" SectionRef="section-22">S. 22</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00224" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00225" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00224" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00226" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00224" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00227" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00224" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00228" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00229" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00228" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00230" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00228" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00231" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00228" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00232" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00228" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769801" Type="F"><Para><Text><CitationSubRef id="c00233" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/24" SectionRef="section-24">S. 24</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00234" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00235" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00234" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00236" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00234" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00237" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00234" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00238" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00239" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00238" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00240" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00238" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00241" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00238" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00242" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00238" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769811" Type="F"><Para><Text><CitationSubRef id="c00243" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/25" SectionRef="section-25">S. 25</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00244" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00245" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00244" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00246" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00244" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00247" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00244" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00248" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00249" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00248" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00250" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00248" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00251" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00248" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00252" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00248" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00253" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/37/2" CitationRef="c00248" SectionRef="schedule-4-paragraph-37-2">Sch. 4 para. 37(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769821" Type="F"><Para><Text><CitationSubRef id="c00254" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/26" SectionRef="section-26">S. 26</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00255" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00256" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00255" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00257" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00255" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00258" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00255" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00259" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00260" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00259" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00261" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00259" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00262" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00259" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00263" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00259" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00264" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/37/2" CitationRef="c00259" SectionRef="schedule-4-paragraph-37-2">Sch. 4 para. 37(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769841" Type="F"><Para><Text><CitationSubRef id="c00265" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/27" SectionRef="section-27">S. 27</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00266" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00267" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00266" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00268" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00266" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00269" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00266" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00270" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00271" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00270" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00272" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00270" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00273" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00270" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00274" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00270" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00275" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/37/2" CitationRef="c00270" SectionRef="schedule-4-paragraph-37-2">Sch. 4 para. 37(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769861" Type="F"><Para><Text><CitationSubRef id="c00276" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/28" SectionRef="section-28">S. 28</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00277" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00278" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00277" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00279" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00277" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00280" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00277" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00281" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00282" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00281" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00283" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00281" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00284" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00281" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00285" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00281" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00286" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/37/2" CitationRef="c00281" SectionRef="schedule-4-paragraph-37-2">Sch. 4 para. 37(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769871" Type="F"><Para><Text><CitationSubRef id="c00287" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/29" SectionRef="section-29">S. 29</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00288" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00289" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00288" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00290" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00288" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00291" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00288" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00292" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00293" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00292" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00294" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00292" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00295" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00292" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00296" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00292" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00297" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/41/2" CitationRef="c00292" SectionRef="schedule-4-paragraph-41-2">Sch. 4 para. 41(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769891" Type="F"><Para><Text><CitationSubRef id="c00298" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/30" SectionRef="section-30">S. 30</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00299" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00300" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00299" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00301" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00299" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00302" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00299" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00303" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00304" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00303" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00305" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00303" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00306" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00303" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00307" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00303" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00308" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/38/2" CitationRef="c00303" SectionRef="schedule-4-paragraph-38-2">Sch. 4 para. 38(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769901" Type="F"><Para><Text><CitationSubRef id="c00309" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/31" SectionRef="section-31">S. 31</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00310" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00311" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00310" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00312" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00310" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00313" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00310" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00314" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00315" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00314" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00316" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00314" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00317" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00314" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00318" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00314" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00319" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/38/2" CitationRef="c00314" SectionRef="schedule-4-paragraph-38-2">Sch. 4 para. 38(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769911" Type="F"><Para><Text><CitationSubRef id="c00320" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/32" SectionRef="section-32">S. 32</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00321" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00322" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00321" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00323" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00321" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00324" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00321" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00325" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00326" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00325" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00327" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00325" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00328" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00325" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00329" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00325" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00330" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/38/2" CitationRef="c00325" SectionRef="schedule-4-paragraph-38-2">Sch. 4 para. 38(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769921" Type="F"><Para><Text><CitationSubRef id="c00331" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/33" SectionRef="section-33">S. 33</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00332" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00333" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00332" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00334" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00332" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00335" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00332" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00336" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00337" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00336" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00338" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00336" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00339" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00336" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00340" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00336" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00341" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/38/2/3" CitationRef="c00336" SectionRef="schedule-4-paragraph-38-2-3">Sch. 4 para. 38(2)(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769931" Type="F"><Para><Text><CitationSubRef id="c00342" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/34" SectionRef="section-34">S. 34</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00343" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00344" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00343" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00345" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00343" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00346" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00343" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00347" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00348" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00347" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00349" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00347" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00350" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00347" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00351" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00347" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00352" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/38/2" CitationRef="c00347" SectionRef="schedule-4-paragraph-38-2">Sch. 4 para. 38(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769941" Type="F"><Para><Text><CitationSubRef id="c00353" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/35" SectionRef="section-35">S. 35</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00354" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00355" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00354" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00356" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00354" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00357" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00354" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00358" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00359" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00358" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00360" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00358" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00361" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00358" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00362" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00358" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769951" Type="F"><Para><Text><CitationSubRef id="c00363" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/36" SectionRef="section-36">S. 36</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00364" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00365" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00364" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00366" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00364" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00367" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00364" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00368" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00369" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00368" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00370" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00368" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00371" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00368" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00372" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00368" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769981" Type="F"><Para><Text><CitationSubRef id="c00373" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/37" SectionRef="section-37">S. 37</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00374" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00375" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00374" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00376" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00374" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00377" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00374" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00378" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00379" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00378" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00380" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00378" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00381" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00378" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00382" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00378" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00383" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/39" CitationRef="c00378" SectionRef="schedule-4-paragraph-39">Sch. 4 para. 39</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769991" Type="F"><Para><Text><CitationSubRef id="c00384" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/38" SectionRef="section-38">S. 38</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00385" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00386" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00385" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00387" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00385" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00388" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00385" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00389" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00390" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00389" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00391" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00389" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00392" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00389" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00393" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00389" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00394" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/39" CitationRef="c00389" SectionRef="schedule-4-paragraph-39">Sch. 4 para. 39</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770011" Type="F"><Para><Text><CitationSubRef id="c00395" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/39" SectionRef="section-39">S. 39</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00396" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00397" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00396" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00398" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00396" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00399" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00396" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00400" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00401" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00400" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00402" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00400" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00403" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00400" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00404" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00400" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770021" Type="F"><Para><Text><CitationSubRef id="c00405" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/40" SectionRef="section-40">S. 40</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00406" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00407" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00406" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00408" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00406" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00409" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00406" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00410" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00411" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00410" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00412" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00410" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00413" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00410" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00414" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00410" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00415" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/41/2" CitationRef="c00410" SectionRef="schedule-4-paragraph-41-2">Sch. 4 para. 41(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770041" Type="F"><Para><Text><CitationSubRef id="c00416" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/41" SectionRef="section-41">S. 41</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00417" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00418" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00417" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00419" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00417" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00420" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00417" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00421" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00422" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00421" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00423" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00421" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00424" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00421" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00425" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00421" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00426" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/41/2" CitationRef="c00421" SectionRef="schedule-4-paragraph-41-2">Sch. 4 para. 41(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770061" Type="F"><Para><Text><CitationSubRef id="c00427" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/42" SectionRef="section-42">S. 42</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00428" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00429" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00428" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00430" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00428" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00431" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00428" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00432" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00433" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00432" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00434" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00432" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00435" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00432" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00436" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00432" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00437" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/41/2" CitationRef="c00432" SectionRef="schedule-4-paragraph-41-2">Sch. 4 para. 41(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770071" Type="F"><Para><Text><CitationSubRef id="c00438" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/43" SectionRef="section-43">S. 43</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00439" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00440" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00439" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00441" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00439" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00442" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00439" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00443" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00444" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00443" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00445" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00443" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00446" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00443" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00447" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00443" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00448" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/41/2" CitationRef="c00443" SectionRef="schedule-4-paragraph-41-2">Sch. 4 para. 41(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770091" Type="F"><Para><Text><CitationSubRef id="c00449" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/44" SectionRef="section-44">S. 44</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00450" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00451" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00450" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00452" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00450" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00453" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00450" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00454" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00455" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00454" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00456" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00454" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00457" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00454" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00458" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00454" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00459" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/41/2" CitationRef="c00454" SectionRef="schedule-4-paragraph-41-2">Sch. 4 para. 41(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770101" Type="F"><Para><Text><CitationSubRef id="c00460" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/45" SectionRef="section-45">S. 45</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00461" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00462" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00461" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00463" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00461" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00464" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00461" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00465" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00466" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00465" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00467" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00465" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00468" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00465" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00469" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00465" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00470" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/41/2" CitationRef="c00465" SectionRef="schedule-4-paragraph-41-2">Sch. 4 para. 41(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770121" Type="F"><Para><Text><CitationSubRef id="c00471" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/46" SectionRef="section-46">S. 46</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00472" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00473" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00472" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00474" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00472" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00475" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00472" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00476" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00477" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00476" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00478" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00476" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00479" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00476" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00480" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00476" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00481" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/42/1" CitationRef="c00476" SectionRef="schedule-4-paragraph-42-1">Sch. 4 para. 42(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770251" Type="F"><Para><Text><CitationSubRef id="c00482" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/46A" SectionRef="section-46A">S. 46A</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00483" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00484" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00483" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00485" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00483" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00486" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00483" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00487" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00488" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00487" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00489" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00487" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00490" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00487" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00491" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00487" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00492" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/42/1" CitationRef="c00487" SectionRef="schedule-4-paragraph-42-1">Sch. 4 para. 42(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770131" Type="F"><Para><Text><CitationSubRef id="c00493" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/47" SectionRef="section-47">S. 47</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00494" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00495" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00494" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00496" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00494" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00497" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00494" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00498" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00499" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00498" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00500" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00498" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00501" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00498" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00502" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00498" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770141" Type="F"><Para><Text><CitationSubRef id="c00503" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/48" SectionRef="section-48">S. 48</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00504" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00505" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00504" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00506" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00504" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00507" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00504" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00508" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00509" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00508" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00510" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00508" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00511" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00508" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00512" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00508" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00513" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/38/2" CitationRef="c00508" SectionRef="schedule-4-paragraph-38-2">Sch. 4 para. 38(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770151" Type="F"><Para><Text><CitationSubRef id="c00514" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/49" SectionRef="section-49">S. 49</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00515" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00516" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00515" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00517" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00515" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00518" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00515" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00519" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00520" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00519" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00521" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00519" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00522" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00519" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00523" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00519" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00524" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/41/2" CitationRef="c00519" SectionRef="schedule-4-paragraph-41-2">Sch. 4 para. 41(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770181" Type="F"><Para><Text><CitationSubRef id="c00525" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/50" SectionRef="section-50">S. 50</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00526" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00527" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00526" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00528" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00526" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00529" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00526" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00530" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00531" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00530" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00532" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00530" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00533" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00530" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00534" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00530" SectionRef="article-12">12</CitationSubRef>) (with saving in <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/948" id="c00535" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="948">S.I. 2008/948</Citation>, <CitationSubRef id="c00536" URI="http://www.legislation.gov.uk/id/uksi/2008/948/article/2/2" CitationRef="c00535" SectionRef="article-2-2">arts. 2(2)</CitationSubRef>, <CitationSubRef id="c00537" URI="http://www.legislation.gov.uk/id/uksi/2008/948/article/10" CitationRef="c00535" SectionRef="article-10">10</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770191" Type="F"><Para><Text><CitationSubRef id="c00538" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/51" SectionRef="section-51">S. 51</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00539" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00540" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00539" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00541" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00539" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00542" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00539" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00543" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00544" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00543" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00545" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00543" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00546" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00543" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00547" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00543" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770211" Type="F"><Para><Text><CitationSubRef id="c00548" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/52" SectionRef="section-52">S. 52</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00549" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00550" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00549" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00551" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00549" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00552" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00549" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00553" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00554" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00553" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00555" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00553" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00556" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00553" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00557" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00553" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00558" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/41/3" CitationRef="c00553" SectionRef="schedule-4-paragraph-41-3">Sch. 4 para. 41(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770221" Type="F"><Para><Text><CitationSubRef id="c00559" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/53" SectionRef="section-53">S. 53</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00560" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00561" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00560" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00562" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00560" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00563" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00560" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00564" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00565" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00564" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00566" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00564" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00567" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00564" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00568" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00564" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00569" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/41/3" CitationRef="c00564" SectionRef="schedule-4-paragraph-41-3">Sch. 4 para. 41(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770231" Type="F"><Para><Text><CitationSubRef id="c00570" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/54" SectionRef="section-54">S. 54</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00571" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00572" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00571" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00573" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00571" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00574" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00571" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c00575" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c00576" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c00575" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00577" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c00575" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c00578" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c00575" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c00579" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c00575" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c00580" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/41/3" CitationRef="c00575" SectionRef="schedule-4-paragraph-41-3">Sch. 4 para. 41(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18761131" Type="F"><Para><Text><CitationSubRef id="c00581" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/46A" SectionRef="section-46A">S. 46A</CitationSubRef> inserted (1.1.2005) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/27" id="c00582" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="27" Title="Companies (Audit, Investigations and Community Enterprise) Act 2004">Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27)</Citation>, <CitationSubRef id="c00583" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/4" CitationRef="c00582" SectionRef="section-4" Operative="true">ss. 4</CitationSubRef>, <CitationSubRef id="c00584" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/65" CitationRef="c00582" SectionRef="section-65">65</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3322" id="c00585" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3322">S.I. 2004/3322</Citation>, <CitationSubRef id="c00586" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/2/1" CitationRef="c00585" SectionRef="article-2-1" Operative="true">art. 2(1)</CitationSubRef>, <CitationSubRef id="c00587" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/schedule/1" CitationRef="c00585" SectionRef="schedule-1">Sch. 1</CitationSubRef></Text></Para></Commentary><Commentary id="c13687261" Type="C"><Para><Text><CitationSubRef id="c00588" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/II" SectionRef="part-II">Pt. II</CitationSubRef> (ss. 24-54) applied (with modifications) (E.W.S.) (20.10.1993) by <Citation URI="http://www.legislation.gov.uk/id/ukla/1993/11" id="c00589" Class="UnitedKingdomLocalAct" Year="1993" Number="11">1993 c. xi</Citation>, <CitationSubRef id="c00590" URI="http://www.legislation.gov.uk/id/ukla/1993/11/section/1/2" Operative="true" CitationRef="c00589" SectionRef="section-1-2">ss. 1(2)</CitationSubRef>, <CitationSubRef id="c00591" URI="http://www.legislation.gov.uk/id/ukla/1993/11/section/6/4" CitationRef="c00589" SectionRef="section-6-4">6(4)</CitationSubRef></Text></Para><Para><Text><CitationSubRef id="c00592" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/II" SectionRef="part-II">Pt. II</CitationSubRef> (ss. 24-54) applied (with modifications) (E.W.S.) (21.7.1993) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1993/1820" id="c00593" Class="UnitedKingdomStatutoryInstrument" Year="1993" Number="1820">S.I. 1993/1820</Citation>, <CitationSubRef id="c00594" URI="http://www.legislation.gov.uk/id/uksi/1993/1820/regulation/4" CitationRef="c00593" SectionRef="regulation-4">reg. 4</CitationSubRef>, <CitationSubRef id="c00595" URI="http://www.legislation.gov.uk/id/uksi/1993/1820/schedule/paragraph/3" Operative="true" CitationRef="c00593" SectionRef="schedule-paragraph-3">Sch. para.3</CitationSubRef></Text></Para><Para><Text><CitationSubRef id="c00596" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/II" SectionRef="part-II">Pt. II</CitationSubRef> (ss. 24-54) applied (with modifications) (E.W.S.) (19.12.1993) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1993/3245" id="c00597" Class="UnitedKingdomStatutoryInstrument" Year="1993" Number="3245">S.I. 1993/3245</Citation>, <CitationSubRef id="c00598" URI="http://www.legislation.gov.uk/id/uksi/1993/3245/regulation/3/5" Operative="true" CitationRef="c00597" SectionRef="regulation-3-5">reg.3(5)</CitationSubRef></Text></Para><Para><Text><CitationSubRef id="c00599" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/II" SectionRef="part-II">Pt. II</CitationSubRef> (ss. 24-54) applied (with modifications) (E.W.S.) (28.5.1994) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1994/1440" id="c00600" Class="UnitedKingdomStatutoryInstrument" Year="1994" Number="1440">S.I. 1994/1440</Citation>, <CitationSubRef id="c00601" URI="http://www.legislation.gov.uk/id/uksi/1994/1440/article/37/1/2" Operative="true" CitationRef="c00600" SectionRef="article-37-1-2">art. 37(1)(2)</CitationSubRef> (with <CitationSubRef id="c00602" URI="http://www.legislation.gov.uk/id/uksi/1994/1440/article/38" CitationRef="c00600" SectionRef="article-38">arts. 38</CitationSubRef>, <CitationSubRef id="c00603" URI="http://www.legislation.gov.uk/id/uksi/1994/1440/article/39" CitationRef="c00600" SectionRef="article-39">39</CitationSubRef>)</Text></Para><Para><Text><CitationSubRef id="c00604" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/2" SectionRef="part-2">Pt. 2</CitationSubRef> (ss. 24-54) applied (with modifications) (31.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3219" id="c00605" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3219" Title="The Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2004">The Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2004 (S.I. 2004/3219)</Citation>, regs. {3(6)}, {4(5)}</Text></Para></Commentary><Commentary id="c18756831" Type="C"><Para><Text><CitationSubRef id="c00606" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/2" SectionRef="part-2">Pt. 2</CitationSubRef> (ss. 24-54) applied (31.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3219" id="c00607" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3219" Title="The Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2004">The Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2004 (S.I. 2004/3219)</Citation>, <CitationSubRef id="c00608" URI="http://www.legislation.gov.uk/id/uksi/2004/3219/regulation/14/1" CitationRef="c00607" SectionRef="regulation-14-1" Operative="true">reg. 14(1)</CitationSubRef></Text></Para></Commentary><Commentary id="c18763261" Type="C"><Para><Text><CitationSubRef id="c00609" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/II" SectionRef="part-II">Pt. II</CitationSubRef> (ss. 24-54) extended (9.2.2005) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2005/18" id="c00610" Class="UnitedKingdomStatutoryInstrument" Year="2005" Number="18" Title="The European Communities (Recognition of Professional Qualifications) (First General System) Regulations 2005">The European Communities (Recognition of Professional Qualifications) (First General System) Regulations 2005 (S.I. 2005/18)</Citation>, <CitationSubRef id="c00611" URI="http://www.legislation.gov.uk/id/uksi/2005/18/regulation/11/6" CitationRef="c00610" SectionRef="regulation-11-6" Operative="true">reg. 11(6)</CitationSubRef> (with <CitationSubRef id="c00612" URI="http://www.legislation.gov.uk/id/uksi/2005/18/regulation/3" CitationRef="c00610" SectionRef="regulation-3">reg. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18763411" Type="C"><Para><Text><CitationSubRef id="c00613" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/2" SectionRef="part-2">Pt. 2</CitationSubRef> (ss. 24-54): functions of the Secretary of State transferred to the designated body (E.W.S) (5.9.2005) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2005/2337" id="c00614" Class="UnitedKingdomStatutoryInstrument" Year="2005" Number="2337" Title="The Companies Act 1989 (Delegation) Order 2005">The Companies Act 1989 (Delegation) Order 2005 (S.I. 2005/2337)</Citation>, <CitationSubRef id="c00615" URI="http://www.legislation.gov.uk/id/uksi/2005/2337/article/3" CitationRef="c00614" SectionRef="article-3" Operative="true">art. 3</CitationSubRef> (with <CitationSubRef id="c00616" URI="http://www.legislation.gov.uk/id/uksi/2005/2337/article/7" UpTo="http://www.legislation.gov.uk/id/uksi/2005/2337/article/10" CitationRef="c00614" Type="group" StartSectionRef="article-7" EndSectionRef="article-10">arts. 7-10</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13687771" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/6" id="c00617" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="6">1985 c. 6</Citation>. </Text></Para></Commentary><Commentary id="c13687781" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/6" id="c00618" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="6">1985 c. 6</Citation>. </Text></Para></Commentary><Commentary id="c18766261" Type="F"><Para><Text><CitationSubRef id="c00629" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/58" SectionRef="section-58">S. 58</CitationSubRef> repealed (6.4.2007) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00630" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00631" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00630" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00632" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00630" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00633" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00630" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2006/3428" id="c00634" Class="UnitedKingdomStatutoryInstrument" Year="2006" Number="3428">S.I. 2006/3428</Citation>, <CitationSubRef id="c00635" URI="http://www.legislation.gov.uk/id/uksi/2006/3428/article/7/c" CitationRef="c00634" SectionRef="article-7-c" Operative="true">art. 7(c)</CitationSubRef>, <CitationSubRef id="c00636" URI="http://www.legislation.gov.uk/id/uksi/2006/3428/schedule/4/part/1" CitationRef="c00634" SectionRef="schedule-4-part-1">Sch. 4 Pt. 1</CitationSubRef></Text></Para></Commentary><Commentary id="c13687791" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/6" id="c00637" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="6">1985 c. 6</Citation>. </Text></Para></Commentary><Commentary id="c13687801" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c00638" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c. 45</Citation>. </Text></Para></Commentary><Commentary id="c18757691" Type="F"><Para><Text><CitationSubRef id="c00639" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/63" SectionRef="section-63">S. 63</CitationSubRef> repealed (6.4.2005) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/27" id="c00640" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="27" Title="Companies (Audit, Investigations and Community Enterprise) Act 2004">Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27)</Citation>, <CitationSubRef id="c00641" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/64" CitationRef="c00640" SectionRef="section-64">ss. 64</CitationSubRef>, <CitationSubRef id="c00642" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/65" CitationRef="c00640" SectionRef="section-65">65</CitationSubRef>, <CitationSubRef id="c00643" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/schedule/8" CitationRef="c00640" SectionRef="schedule-8" Operative="true">Sch. 8</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3322" id="c00644" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3322">S.I. 2004/3322</Citation>, <CitationSubRef id="c00645" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/2/2" CitationRef="c00644" SectionRef="article-2-2" Operative="true">art. 2(2)</CitationSubRef>, <CitationSubRef id="c00646" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/schedule/2" CitationRef="c00644" SectionRef="schedule-2">Sch. 2</CitationSubRef> (subject to transitional provisions in <CitationSubRef id="c00647" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/4" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3322/article/13" CitationRef="c00644" Type="group" StartSectionRef="article-4" EndSectionRef="article-13">arts. 4-13</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13687831" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/6" id="c00648" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="6">1985 c. 6</Citation>. </Text></Para></Commentary><Commentary id="c18757711" Type="F"><Para><Text><CitationSubRef id="c00654" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/65" SectionRef="section-65">S. 65</CitationSubRef> repealed (6.4.2005) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/27" id="c00655" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="27" Title="Companies (Audit, Investigations and Community Enterprise) Act 2004">Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27)</Citation>, <CitationSubRef id="c00656" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/64" CitationRef="c00655" SectionRef="section-64">ss. 64</CitationSubRef>, <CitationSubRef id="c00657" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/65" CitationRef="c00655" SectionRef="section-65">65</CitationSubRef>, <CitationSubRef id="c00658" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/schedule/8" CitationRef="c00655" SectionRef="schedule-8" Operative="true">Sch. 8</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3322" id="c00659" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3322">S.I. 2004/3322</Citation>, <CitationSubRef id="c00660" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/2/2" CitationRef="c00659" SectionRef="article-2-2" Operative="true">art. 2(2)</CitationSubRef>, <CitationSubRef id="c00661" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/schedule/2" CitationRef="c00659" SectionRef="schedule-2">Sch. 2</CitationSubRef> (subject to transitional provisions in <CitationSubRef id="c00662" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/4" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3322/article/13" CitationRef="c00659" Type="group" StartSectionRef="article-4" EndSectionRef="article-13">arts. 4-13</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13687871" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/6" id="c00663" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="6">1985 c. 6</Citation>. </Text></Para></Commentary><Commentary id="c18757721" Type="F"><Para><Text><CitationSubRef id="c00669" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/67" SectionRef="section-67">S. 67</CitationSubRef> repealed (6.4.2005) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/27" id="c00670" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="27" Title="Companies (Audit, Investigations and Community Enterprise) Act 2004">Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27)</Citation>, <CitationSubRef id="c00671" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/64" CitationRef="c00670" SectionRef="section-64">ss. 64</CitationSubRef>, <CitationSubRef id="c00672" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/65" CitationRef="c00670" SectionRef="section-65">65</CitationSubRef>, <CitationSubRef id="c00673" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/schedule/8" CitationRef="c00670" SectionRef="schedule-8" Operative="true">Sch. 8</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3322" id="c00674" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3322">S.I. 2004/3322</Citation>, <CitationSubRef id="c00675" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/2/2" CitationRef="c00674" SectionRef="article-2-2" Operative="true">art. 2(2)</CitationSubRef>, <CitationSubRef id="c00676" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/schedule/2" CitationRef="c00674" SectionRef="schedule-2">Sch. 2</CitationSubRef> (with transitional provisions in <CitationSubRef id="c00677" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/4" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3322/article/13" CitationRef="c00674" Type="group" StartSectionRef="article-4" EndSectionRef="article-13">arts. 4-13</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13687891" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/6" id="c00678" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="6">1985 c. 6</Citation>. </Text></Para></Commentary><Commentary id="c18757761" Type="F"><Para><Text><CitationSubRef id="c00679" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/69/2/4" SectionRef="section-69-2-4">S. 69(2)(4)</CitationSubRef> repealed (6.4.2005) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/27" id="c00680" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="27" Title="Companies (Audit, Investigations and Community Enterprise) Act 2004">Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27)</Citation>, <CitationSubRef id="c00681" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/64" CitationRef="c00680" SectionRef="section-64">ss. 64</CitationSubRef>, <CitationSubRef id="c00682" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/65" CitationRef="c00680" SectionRef="section-65">65</CitationSubRef>, <CitationSubRef id="c00683" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/schedule/8" CitationRef="c00680" SectionRef="schedule-8" Operative="true">Sch. 8</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3322" id="c00684" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3322">S.I. 2004/3322</Citation>, <CitationSubRef id="c00685" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/2/2" CitationRef="c00684" SectionRef="article-2-2" Operative="true">art. 2(2)</CitationSubRef>, <CitationSubRef id="c00686" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/schedule/2" CitationRef="c00684" SectionRef="schedule-2">Sch. 2</CitationSubRef> (with transitional provisions in <CitationSubRef id="c00687" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/4" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3322/article/13" CitationRef="c00684" Type="group" StartSectionRef="article-4" EndSectionRef="article-13">arts. 4-13</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13687911" Type="F"><Para><Text><CitationSubRef id="c00693" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/72" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/77" Type="group" StartSectionRef="section-72" EndSectionRef="section-77">Ss. 72-77</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00694" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c00695" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c00694" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c00696" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/a" CitationRef="c00694" SectionRef="article-75-a">75(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c13687931" Type="F"><Para><Text><CitationSubRef id="c00697" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/72" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/77" Type="group" StartSectionRef="section-72" EndSectionRef="section-77">Ss. 72-77</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00698" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c00699" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c00698" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c00700" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/a" CitationRef="c00698" SectionRef="article-75-a">75(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c13687941" Type="F"><Para><Text><CitationSubRef id="c00701" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/72" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/77" Type="group" StartSectionRef="section-72" EndSectionRef="section-77">Ss. 72-77</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00702" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c00703" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c00702" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c00704" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/a" CitationRef="c00702" SectionRef="article-75-a">75(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c13687981" Type="F"><Para><Text><CitationSubRef id="c00705" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/72" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/77" Type="group" StartSectionRef="section-72" EndSectionRef="section-77">Ss. 72-77</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00706" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c00707" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c00706" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c00708" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/a" CitationRef="c00706" SectionRef="article-75-a">75(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c13688001" Type="F"><Para><Text><CitationSubRef id="c00709" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/72" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/77" Type="group" StartSectionRef="section-72" EndSectionRef="section-77">Ss. 72-77</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00710" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c00711" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c00710" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c00712" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/a" CitationRef="c00710" SectionRef="article-75-a">75(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c13688021" Type="F"><Para><Text><CitationSubRef id="c00713" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/72" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/77" Type="group" StartSectionRef="section-72" EndSectionRef="section-77">Ss. 72-77</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00714" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c00715" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c00714" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c00716" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/a" CitationRef="c00714" SectionRef="article-75-a">75(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c13688041" Type="F"><Para><Text><CitationSubRef id="c00717" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/78" SectionRef="section-78">S. 78</CitationSubRef> repealed (2.4.2001) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2000/39" id="c00718" Year="2000" Class="UnitedKingdomPublicGeneralAct" Number="39">2000 c. 39</Citation>, <CitationSubRef id="c00719" URI="http://www.legislation.gov.uk/id/ukpga/2000/39/section/15" CitationRef="c00718" SectionRef="section-15">s. 15</CitationSubRef>, <CitationSubRef id="c00720" URI="http://www.legislation.gov.uk/id/ukpga/2000/39/schedule/5" Operative="true" CitationRef="c00718" SectionRef="schedule-5">Sch. 5</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/766" id="c00721" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="766">S.I. 2001/766</Citation>, <CitationSubRef id="c00722" URI="http://www.legislation.gov.uk/id/uksi/2001/766/article/2/c/iii" Operative="true" CitationRef="c00721" SectionRef="article-2-c-iii">art. 2(c)(iii)</CitationSubRef></Text></Para></Commentary><Commentary id="c13688061" Type="F"><Para><Text><CitationSubRef id="c00723" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/79" SectionRef="section-79">S. 79</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00724" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c00725" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c00724" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c00726" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/b" CitationRef="c00724" SectionRef="article-75-b">75(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c13688081" Type="I"><Para><Text><CitationSubRef id="c00727" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/80" SectionRef="section-80">S. 80</CitationSubRef> wholly in force at 25.4.1991 see <CitationSubRef id="c00728" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/215" SectionRef="section-215">s. 215</CitationSubRef> and <Citation URI="http://www.legislation.gov.uk/id/uksi/1990/142" id="c00729" Class="UnitedKingdomStatutoryInstrument" Year="1990" Number="142">S.I. 1990/142</Citation> and 1991/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13688091" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/53" id="c00730" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="53">1986 c. 53</Citation>. </Text></Para></Commentary><Commentary id="c13688151" Type="F"><Para><Text><CitationSubRef id="c00731" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/81" SectionRef="section-81">S. 81</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00732" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c00733" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c00732" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c00734" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/c" CitationRef="c00732" SectionRef="article-75-c">75(c)</CitationSubRef></Text></Para></Commentary><Commentary id="c13688381" Type="C"><Para><Text>S. 82(3): (7.6.1992) certain functions made exercisable concurrently by the Secretary of State and the Treasury by <Citation URI="http://www.legislation.gov.uk/id/uksi/1992/1315" id="c00736" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="1315">S.I. 1992/1315</Citation>, <CitationSubRef id="c00737" CitationRef="c00736" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/5" SectionRef="article-5">arts. 5</CitationSubRef>, <CitationSubRef id="c00738" CitationRef="c00736" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="c00739" CitationRef="c00736" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/schedule/3/paragraph/3" Operative="true" SectionRef="schedule-3-paragraph-3">Sch. 3 para. 3</CitationSubRef> (with <CitationSubRef id="c00740" CitationRef="c00736" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/6" SectionRef="article-6">art. 6</CitationSubRef>).</Text></Para></Commentary><Commentary id="c13688391" Type="F"><Para><Text>S. 82(2)(a) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00742" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c00743" CitationRef="c00742" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c00744" CitationRef="c00742" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/76/2" SectionRef="article-76-2">76(2)</CitationSubRef></Text></Para></Commentary><Commentary id="c23402961" Type="F"><Para><Text>Words in s. 82(2)(a)(i) inserted (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/948" id="c00746" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="948" Title="The Companies Act 2006 (Consequential Amendments etc) Order 2008">The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948)</Citation>, <CitationSubRef id="c00747" CitationRef="c00746" URI="http://www.legislation.gov.uk/id/uksi/2008/948/article/2/2" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c00748" CitationRef="c00746" URI="http://www.legislation.gov.uk/id/uksi/2008/948/schedule/1/paragraph/157" Operative="true" SectionRef="schedule-1-paragraph-157">Sch. 1 para. 157</CitationSubRef></Text></Para></Commentary><Commentary id="c13688401" Type="F"><Para><Text>Words in s. 82(2)(b) substituted (1.3.1994) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1993/36" id="c00754" Year="1993" Class="UnitedKingdomPublicGeneralAct" Number="36">1993 c. 36</Citation>, <CitationSubRef id="c00755" CitationRef="c00754" URI="http://www.legislation.gov.uk/id/ukpga/1993/36/section/79/13" SectionRef="section-79-13">s. 79(13)</CitationSubRef>, <CitationSubRef id="c00756" CitationRef="c00754" URI="http://www.legislation.gov.uk/id/ukpga/1993/36/schedule/5/part/I/paragraph/16" Operative="true" SectionRef="schedule-5-part-I-paragraph-16">Sch. 5 Pt. I para. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/1994/242" id="c00757" Class="UnitedKingdomStatutoryInstrument" Year="1994" Number="242">S.I. 1994/242</Citation>, <CitationSubRef id="c00758" CitationRef="c00757" URI="http://www.legislation.gov.uk/id/uksi/1994/242/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c00759" CitationRef="c00757" URI="http://www.legislation.gov.uk/id/uksi/1994/242/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13688411" Type="F"><Para><Text>Words in s. 82(3) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00761" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c00762" CitationRef="c00761" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c00763" CitationRef="c00761" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/76/3" SectionRef="article-76-3">76(3)</CitationSubRef></Text></Para></Commentary><Commentary id="c13688451" Type="F"><Para><Text>Words in the definition of “banking supervisor” in s. 82(5) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00776" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c00777" CitationRef="c00776" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c00778" CitationRef="c00776" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/76/4" SectionRef="article-76-4">76(4)</CitationSubRef></Text></Para></Commentary><Commentary id="c13688461" Type="F"><Para><Text>S. 82(5A) inserted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00780" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c00781" CitationRef="c00780" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c00782" CitationRef="c00780" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/76/5" SectionRef="article-76-5">76(5)</CitationSubRef></Text></Para></Commentary><Commentary id="c13688471" Type="F"><Para><Text><CitationSubRef id="c00783" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/83/6A/6B" SectionRef="section-83-6A-6B">S. 83(6A)(6B)</CitationSubRef> inserted (14.4.2000 for E.W., N.I. and 1.1.2001 for S.) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1999/23" id="c00784" Year="1999" Class="UnitedKingdomPublicGeneralAct" Number="23">1999 c. 23</Citation>, <CitationSubRef id="c00785" URI="http://www.legislation.gov.uk/id/ukpga/1999/23/section/59" CitationRef="c00784" SectionRef="section-59">s. 59</CitationSubRef>, <CitationSubRef id="c00786" URI="http://www.legislation.gov.uk/id/ukpga/1999/23/schedule/3/paragraph/21" Operative="true" CitationRef="c00784" SectionRef="schedule-3-paragraph-21">Sch. 3 para.21</CitationSubRef> (with <CitationSubRef id="c00787" URI="http://www.legislation.gov.uk/id/ukpga/1999/23/section/63/2" CitationRef="c00784" SectionRef="section-63-2">s. 63(2)</CitationSubRef>, <CitationSubRef id="c00788" URI="http://www.legislation.gov.uk/id/ukpga/1999/23/schedule/7/paragraph/3/3" CitationRef="c00784" SectionRef="schedule-7-paragraph-3-3">Sch. 7 paras. 3(3)</CitationSubRef>, <CitationSubRef id="c00789" URI="http://www.legislation.gov.uk/id/ukpga/1999/23/schedule/7/paragraph/5/2" CitationRef="c00784" SectionRef="schedule-7-paragraph-5-2">5(2)</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2000/1034" id="c00790" Class="UnitedKingdomStatutoryInstrument" Year="2000" Number="1034">S.I. 2000/1034</Citation>, <CitationSubRef id="c00791" URI="http://www.legislation.gov.uk/id/uksi/2000/1034/article/2/a" Operative="true" CitationRef="c00790" SectionRef="article-2-a">arts. 2(a)</CitationSubRef>, <CitationSubRef id="c00792" URI="http://www.legislation.gov.uk/id/uksi/2000/1034/article/3/2" CitationRef="c00790" SectionRef="article-3-2">3(2)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/ssi/2000/445" id="c00793" Class="ScottishStatutoryInstrument" Year="2000" Number="445">S.S.I. 2000/445</Citation>, <CitationSubRef id="c00794" URI="http://www.legislation.gov.uk/id/ssi/2000/445/article/2" Operative="true" CitationRef="c00793" SectionRef="article-2">art. 2</CitationSubRef></Text></Para></Commentary><Commentary id="c13688481" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1911/6" id="c00795" Year="1911" Class="UnitedKingdomPublicGeneralAct" Number="6">1911 c. 6</Citation>. </Text></Para></Commentary><Commentary id="c13688491" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1995/39" id="c00796" Year="1995" Class="UnitedKingdomPublicGeneralAct" Number="39">1995 c. 39</Citation>. </Text></Para></Commentary><Commentary id="c13688501" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/nisi/1979/1714" id="c00797" Class="NorthernIrelandOrderInCouncil" Year="1979" Number="1714">S.I. 1979/1714 (N.I. 19)</Citation>. </Text></Para></Commentary><Commentary id="c13691771" Type="C"><Para><Text>S. 87 amended (<Emphasis>temp.</Emphasis> from 3.9.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/2966" id="c00799" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="2966">S.I. 2001/2966</Citation>, <CitationSubRef CitationRef="c00799" id="c00800" URI="http://www.legislation.gov.uk/id/uksi/2001/2966/article/7" Operative="true" SectionRef="article-7">art. 7</CitationSubRef></Text></Para><Para><Text>S. 87 disclosure powers extended (14.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2001/24" id="c00802" Year="2001" Class="UnitedKingdomPublicGeneralAct" Number="24">2001 c. 24</Citation>, <CitationSubRef CitationRef="c00802" id="c00803" URI="http://www.legislation.gov.uk/id/ukpga/2001/24/section/17" SectionRef="section-17">ss. 17</CitationSubRef>, <CitationSubRef CitationRef="c00802" id="c00804" URI="http://www.legislation.gov.uk/id/ukpga/2001/24/section/127" SectionRef="section-127">127</CitationSubRef>, <CitationSubRef CitationRef="c00802" id="c00805" URI="http://www.legislation.gov.uk/id/ukpga/2001/24/schedule/4/part/I/paragraph/28" Operative="true" SectionRef="schedule-4-part-I-paragraph-28">Sch. 4 Pt. I para. 28</CitationSubRef></Text></Para></Commentary><Commentary id="c13691781" Type="I"><Para><Text>S. 87 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1990/142" id="c00808" Class="UnitedKingdomStatutoryInstrument" Year="1990" Number="142">S.I. 1990/142</Citation> and 1991/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13691791" Type="C"><Para><Text>S. 87(1)(b) restricted (14.8.2002) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2002/1889" id="c00810" Class="UnitedKingdomStatutoryInstrument" Year="2002" Number="1889">S.I. 2002/1889</Citation>, <CitationSubRef CitationRef="c00810" id="c00811" URI="http://www.legislation.gov.uk/id/uksi/2002/1889/article/3/4" Operative="true" SectionRef="article-3-4">art. 3(4)</CitationSubRef></Text></Para></Commentary><Commentary id="c18761191" Type="F"><Para><Text>S. 87(2)(d) inserted (6.4.2005) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/35" id="c00817" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="35" Title="Pensions Act 2004">Pensions Act 2004 (c. 35)</Citation>, <CitationSubRef CitationRef="c00817" id="c00818" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/102/4" SectionRef="section-102-4">ss. 102(4)</CitationSubRef>, <CitationSubRef CitationRef="c00817" id="c00819" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/322" SectionRef="section-322">322</CitationSubRef>, <CitationSubRef CitationRef="c00817" id="c00820" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/schedule/4/paragraph/20" SectionRef="schedule-4-paragraph-20" Operative="true">Sch. 4 para. 20</CitationSubRef> (with <CitationSubRef CitationRef="c00817" id="c00821" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/313" SectionRef="section-313">s. 313</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2005/275" id="c00822" Class="UnitedKingdomStatutoryInstrument" Year="2005" Number="275">S.I. 2005/275</Citation>, <CitationSubRef CitationRef="c00822" id="c00823" URI="http://www.legislation.gov.uk/id/uksi/2005/275/article/2/7" SectionRef="article-2-7" Operative="true">art. 2(7)</CitationSubRef>, <CitationSubRef CitationRef="c00822" id="c00824" URI="http://www.legislation.gov.uk/id/uksi/2005/275/schedule/part/7" SectionRef="schedule-part-7">Sch. Pt. 7</CitationSubRef> (subject to <CitationSubRef CitationRef="c00822" id="c00825" URI="http://www.legislation.gov.uk/id/uksi/2005/275/article/2/12" SectionRef="article-2-12">art. 2(12)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13691811" Type="F"><Para><Text>S. 87(4): Entry in the Table substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00827" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c00827" id="c00828" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c00827" id="c00829" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/77/5" SectionRef="article-77-5">77(5)</CitationSubRef></Text></Para></Commentary><Commentary id="c13691821" Type="F"><Para><Text>S. 87(4): Entry in the Table substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00831" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c00831" id="c00832" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c00831" id="c00833" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/77/6" SectionRef="article-77-6">77(6)</CitationSubRef></Text></Para></Commentary><Commentary id="c13691831" Type="F"><Para><Text>S. 87(4): Entry in the Table substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00835" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c00835" id="c00836" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c00835" id="c00837" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/77/7" SectionRef="article-77-7">77(7)</CitationSubRef></Text></Para></Commentary><Commentary id="c13691841" Type="F"><Para><Text>S. 87(4): Entries in the Table substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00839" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c00839" id="c00840" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c00839" id="c00841" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/77/8" SectionRef="article-77-8">77(8)</CitationSubRef></Text></Para></Commentary><Commentary id="c13691861" Type="F"><Para><Text>S. 87(4): Entries in the Table repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00843" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c00843" id="c00844" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c00843" id="c00845" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/77/4" SectionRef="article-77-4">77(4)</CitationSubRef></Text></Para></Commentary><Commentary id="c13691981" Type="F"><Para><Text>S. 87(4) Table: words inserted (1.6.1998) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/11" id="c00847" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="11">1998 c. 11</Citation>, <CitationSubRef CitationRef="c00847" id="c00848" URI="http://www.legislation.gov.uk/id/ukpga/1998/11/section/23" SectionRef="section-23">s. 23</CitationSubRef>, <CitationSubRef CitationRef="c00847" id="c00849" URI="http://www.legislation.gov.uk/id/ukpga/1998/11/schedule/5/part/IV" Operative="true" SectionRef="schedule-5-part-IV">Sch. 5 Pt. IV</CitationSubRef> c. II para. 66(3); <Citation URI="http://www.legislation.gov.uk/id/uksi/1998/1120" id="c00850" Class="UnitedKingdomStatutoryInstrument" Year="1998" Number="1120">S.I. 1998/1120</Citation>, <CitationSubRef CitationRef="c00850" id="c00851" URI="http://www.legislation.gov.uk/id/uksi/1998/1120/article/2" Operative="true" SectionRef="article-2">art. 2</CitationSubRef></Text></Para></Commentary><Commentary id="c13691991" Type="F"><Para><Text>S. 87(4): Entry in the Table substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00853" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c00853" id="c00854" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c00853" id="c00855" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/77/9" SectionRef="article-77-9">77(9)</CitationSubRef></Text></Para></Commentary><Commentary id="c13692001" Type="F"><Para><Text>S. 87(4): Entries in the Table inserted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00857" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c00857" id="c00858" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c00857" id="c00859" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/77/10" SectionRef="article-77-10">77(10)</CitationSubRef></Text></Para></Commentary><Commentary id="c23403001" Type="F"><Para><Text>S. 87(4) Table: entries substituted (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/948" id="c00861" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="948" Title="The Companies Act 2006 (Consequential Amendments etc) Order 2008">The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948)</Citation>, <CitationSubRef CitationRef="c00861" id="c00862" URI="http://www.legislation.gov.uk/id/uksi/2008/948/article/2/2" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef CitationRef="c00861" id="c00863" URI="http://www.legislation.gov.uk/id/uksi/2008/948/schedule/1/paragraph/158" Operative="true" SectionRef="schedule-1-paragraph-158">Sch. 1 para. 158</CitationSubRef></Text></Para></Commentary><Commentary id="c23403021" Type="F"><Para><Text>S. 87(4) Table: entries substituted (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/948" id="c00865" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="948" Title="The Companies Act 2006 (Consequential Amendments etc) Order 2008">The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948)</Citation>, <CitationSubRef CitationRef="c00865" id="c00866" URI="http://www.legislation.gov.uk/id/uksi/2008/948/article/2/2" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef CitationRef="c00865" id="c00867" URI="http://www.legislation.gov.uk/id/uksi/2008/948/schedule/1/paragraph/158" Operative="true" SectionRef="schedule-1-paragraph-158">Sch. 1 para. 158</CitationSubRef></Text></Para></Commentary><Commentary id="c13692051" Type="F"><Para><Text>S. 87(4): Entry in the Table omitted (30.4.2001) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/1283" id="c00869" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="1283">S.I. 2001/1283</Citation>, <CitationSubRef CitationRef="c00869" id="c00870" URI="http://www.legislation.gov.uk/id/uksi/2001/1283/article/3/4" Operative="true" SectionRef="article-3-4">art. 3(4)</CitationSubRef></Text></Para></Commentary><Commentary id="c13692071" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c00871" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c. 45</Citation>. </Text></Para></Commentary><Commentary id="c18761251" Type="F"><Para><Text>S. 87(4) Table: entries substituted (6.4.2005) for entry relating to the Occupational Pensions Regulatory Authority by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/35" id="c00873" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="35" Title="Pensions Act 2004">Pensions Act 2004 (c. 35)</Citation>, <CitationSubRef CitationRef="c00873" id="c00874" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/319/1" SectionRef="section-319-1">ss. 319(1)</CitationSubRef>, <CitationSubRef CitationRef="c00873" id="c00875" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/322" SectionRef="section-322">322</CitationSubRef>, <CitationSubRef CitationRef="c00873" id="c00876" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/schedule/12/paragraph/6" SectionRef="schedule-12-paragraph-6" Operative="true">Sch. 12 para. 6</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2005/275" id="c00877" Class="UnitedKingdomStatutoryInstrument" Year="2005" Number="275">S.I. 2005/275</Citation>, <CitationSubRef CitationRef="c00877" id="c00878" URI="http://www.legislation.gov.uk/id/uksi/2005/275/article/2/7" SectionRef="article-2-7" Operative="true">art. 2(7)</CitationSubRef>, <CitationSubRef CitationRef="c00877" id="c00879" URI="http://www.legislation.gov.uk/id/uksi/2005/275/schedule/part/7" SectionRef="schedule-part-7">Sch. Pt. 7</CitationSubRef> (subject to <CitationSubRef CitationRef="c00877" id="c00880" URI="http://www.legislation.gov.uk/id/uksi/2005/275/article/2/12" SectionRef="article-2-12">art. 2(12)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13692131" Type="F"><Para><Text>Words in the Table in s. 87(4) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00889" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c00889" id="c00890" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c00889" id="c00891" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/77/11" SectionRef="article-77-11">77(11)</CitationSubRef></Text></Para></Commentary><Commentary id="c13692141" Type="F"><Para><Text>S. 87(4) Table: entry inserted (16.8.1993) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1993/1826" id="c00893" Class="UnitedKingdomStatutoryInstrument" Year="1993" Number="1826">S.I. 1993/1826</Citation>, <CitationSubRef CitationRef="c00893" id="c00894" URI="http://www.legislation.gov.uk/id/uksi/1993/1826/article/3" Operative="true" SectionRef="article-3">art. 3</CitationSubRef></Text></Para></Commentary><Commentary id="c13692181" Type="F"><Para><Text>S. 87(4) Table: Entry inserted (14.8.2002) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2002/1889" id="c00899" Class="UnitedKingdomStatutoryInstrument" Year="2002" Number="1889">S.I. 2002/1889</Citation>, <CitationSubRef CitationRef="c00899" id="c00900" URI="http://www.legislation.gov.uk/id/uksi/2002/1889/article/3/2" Operative="true" SectionRef="article-3-2">art. 3(2)</CitationSubRef></Text></Para></Commentary><Commentary id="c13692191" Type="F"><Para><Text>S. 87(4) Table: entries inserted (1.7.1999) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1999/1820" id="c00902" Class="UnitedKingdomStatutoryInstrument" Year="1999" Number="1820">S.I. 1999/1820</Citation>, <CitationSubRef CitationRef="c00902" id="c00903" URI="http://www.legislation.gov.uk/id/uksi/1999/1820/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef CitationRef="c00902" id="c00904" URI="http://www.legislation.gov.uk/id/uksi/1999/1820/schedule/2/part/I/paragraph/96" Operative="true" SectionRef="schedule-2-part-I-paragraph-96">Sch. 2 Pt. I para. 96</CitationSubRef></Text></Para></Commentary><Commentary id="c18761381" Type="F"><Para><Text>S. 87(4) Table: entry inserted (1.7.2005) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/27" id="c00906" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="27" Title="Companies (Audit, Investigations and Community Enterprise) Act 2004">Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27)</Citation>, <CitationSubRef CitationRef="c00906" id="c00907" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/25" SectionRef="section-25">ss. 25</CitationSubRef>, <CitationSubRef CitationRef="c00906" id="c00908" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/65" SectionRef="section-65">65</CitationSubRef>, <CitationSubRef CitationRef="c00906" id="c00909" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/schedule/2/paragraph/29" SectionRef="schedule-2-paragraph-29" Operative="true">Sch. 2 para. 29</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3322" id="c00910" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3322">S.I. 2004/3322</Citation>, <CitationSubRef CitationRef="c00910" id="c00911" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/2/3" SectionRef="article-2-3" Operative="true">art. 2(3)</CitationSubRef>, <CitationSubRef CitationRef="c00910" id="c00912" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/schedule/3" SectionRef="schedule-3">Sch. 3</CitationSubRef></Text></Para></Commentary><Commentary id="c18763881" Type="F"><Para><Text>S. 87(4) Table: entry inserted (1.10.2006) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2006/1644" id="c00914" Class="UnitedKingdomStatutoryInstrument" Year="2006" Number="1644" Title="The Companies (Disclosure of Information) (Designated Authorities) Order 2006">The Companies (Disclosure of Information) (Designated Authorities) Order 2006 (S.I. 2006/1644)</Citation>, <CitationSubRef CitationRef="c00914" id="c00915" URI="http://www.legislation.gov.uk/id/uksi/2006/1644/article/3" SectionRef="article-3" Operative="true">art. 3</CitationSubRef></Text></Para></Commentary><Commentary id="c13692201" Type="F"><Para><Text>S. 87(4): Table Note added (14.8.2002) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2002/1889" id="c00917" Class="UnitedKingdomStatutoryInstrument" Year="2002" Number="1889">S.I. 2002/1889</Citation>, <CitationSubRef CitationRef="c00917" id="c00918" URI="http://www.legislation.gov.uk/id/uksi/2002/1889/article/3/3" Operative="true" SectionRef="article-3-3">art. 3(3)</CitationSubRef></Text></Para></Commentary><Commentary id="c13692261" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1973/36" id="c00919" Year="1973" Class="UnitedKingdomPublicGeneralAct" Number="36">1973 c. 36</Citation>. </Text></Para></Commentary><Commentary id="c13692271" Type="F"><Para><Text><CitationSubRef id="c00920" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/88/3/b" SectionRef="section-88-3-b">S. 88(3)(b)</CitationSubRef> substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c00921" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c00922" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c00921" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c00923" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/78" CitationRef="c00921" SectionRef="article-78">78</CitationSubRef></Text></Para></Commentary><Commentary id="c13692331" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1925/86" id="c00924" Year="1925" Class="UnitedKingdomPublicGeneralAct" Number="86">1925 c. 86</Citation>. </Text></Para></Commentary><Commentary id="c13692341" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1980/43" id="c00925" Year="1980" Class="UnitedKingdomPublicGeneralAct" Number="43">1980 c. 43</Citation>. </Text></Para></Commentary><Commentary id="c13692351" Type="F"><Para><Text>Words in <CitationSubRef id="c00926" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/91/4" SectionRef="section-91-4">s. 91(4)</CitationSubRef> substituted (1.4.1996) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1995/40" id="c00927" Year="1995" Class="UnitedKingdomPublicGeneralAct" Number="40">1995 c. 40</Citation>, <CitationSubRef id="c00928" URI="http://www.legislation.gov.uk/id/ukpga/1995/40/section/5" CitationRef="c00927" SectionRef="section-5">ss. 5</CitationSubRef>, <CitationSubRef id="c00929" URI="http://www.legislation.gov.uk/id/ukpga/1995/40/section/7/2" CitationRef="c00927" SectionRef="section-7-2">7(2)</CitationSubRef>, <CitationSubRef id="c00930" URI="http://www.legislation.gov.uk/id/ukpga/1995/40/schedule/4/paragraph/74/3" Operative="true" CitationRef="c00927" SectionRef="schedule-4-paragraph-74-3">Sch. 4 para. 74(3)</CitationSubRef></Text></Para></Commentary><Commentary id="c13692361" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1995/46" id="c00931" Year="1995" Class="UnitedKingdomPublicGeneralAct" Number="46">1995 c. 46</Citation>. </Text></Para></Commentary><Commentary id="c13692371" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/apni/1945/15" id="c00932" Class="NorthernIrelandParliamentAct" Year="1945" Number="15">1945 c. 15 (N.I.)</Citation>. </Text></Para></Commentary><Commentary id="c13692381" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/nisi/1981/1675" id="c00933" Class="NorthernIrelandOrderInCouncil" Year="1981" Number="1675">S.I. 1981/1675 (N.I.26)</Citation>. </Text></Para></Commentary><Commentary id="c13692591" Type="F"><Para><Text>S. 111 repealed (1.8.1993) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1993/10" id="c00974" Year="1993" Class="UnitedKingdomPublicGeneralAct" Number="10">1993 c. 10</Citation>, <CitationSubRef id="c00975" CitationRef="c00974" URI="http://www.legislation.gov.uk/id/ukpga/1993/10/section/98/2" SectionRef="section-98-2">ss. 98(2)</CitationSubRef>, <CitationSubRef id="c00976" CitationRef="c00974" URI="http://www.legislation.gov.uk/id/ukpga/1993/10/section/99/1" SectionRef="section-99-1">99(1)</CitationSubRef>, <CitationSubRef id="c00977" CitationRef="c00974" URI="http://www.legislation.gov.uk/id/ukpga/1993/10/schedule/7" Operative="true" SectionRef="schedule-7">Sch. 7</CitationSubRef></Text></Para></Commentary><Commentary id="c13692601" Type="I"><Para><Text>Ss 108-112 and Schedule 19 para. 11 were not in force at the 1.2.1991 (base date) but were brought into force on 4.2.1991 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1990/2569" id="c00979" Class="UnitedKingdomStatutoryInstrument" Year="1990" Number="2569">S.I. 1990/2569</Citation>.</Text></Para></Commentary><Commentary id="c18763841" Type="F"><Para><Text>Words in s. 112(1)(b) substituted (1.4.2006) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2006/242" id="c00982" Class="UnitedKingdomStatutoryInstrument" Year="2006" Number="242" Title="The Charities and Trustee Investment (Scotland) Act 2005 (Consequential Provisions and Modifications) Order 2006">The Charities and Trustee Investment (Scotland) Act 2005 (Consequential Provisions and Modifications) Order 2006 (S.I. 2006/242)</Citation>, <CitationSubRef id="c00983" CitationRef="c00982" URI="http://www.legislation.gov.uk/id/uksi/2006/242/article/1/3" SectionRef="article-1-3">arts. 1(3)</CitationSubRef>, <CitationSubRef id="c00984" CitationRef="c00982" URI="http://www.legislation.gov.uk/id/uksi/2006/242/article/5" SectionRef="article-5">5</CitationSubRef>, <CitationSubRef id="c00985" CitationRef="c00982" URI="http://www.legislation.gov.uk/id/uksi/2006/242/schedule/paragraph/4" SectionRef="schedule-paragraph-4" Operative="true">Sch. para. 4</CitationSubRef></Text></Para></Commentary><Commentary id="c18769361" Type="F"><Para><Text><CitationSubRef id="c00987" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/113" SectionRef="section-113">S. 113</CitationSubRef> repealed (1.10.2007) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00988" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c00989" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c00988" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c00990" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c00988" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c00991" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c00988" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/2194" id="c00992" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="2194">S.I. 2007/2194</Citation>, <CitationSubRef id="c00993" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/article/8" CitationRef="c00992" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c00994" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/schedule/2/part/1" CitationRef="c00992" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef>  (with <CitationSubRef id="c00995" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/article/12" CitationRef="c00992" SectionRef="article-12">art. 12</CitationSubRef>, <CitationSubRef id="c00996" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/schedule/3" CitationRef="c00992" SectionRef="schedule-3">Sch. 3</CitationSubRef> (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/2607" id="c00997" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="2607">S.I. 2007/2607</Citation>, <CitationSubRef id="c00998" URI="http://www.legislation.gov.uk/id/uksi/2007/2607/article/1" CitationRef="c00997" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c00999" URI="http://www.legislation.gov.uk/id/uksi/2007/2607/article/4" CitationRef="c00997" SectionRef="article-4">4</CitationSubRef> and <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c01000" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c01001" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/2/6" CitationRef="c01000" SectionRef="article-2-6">arts. 2(6)</CitationSubRef>, <CitationSubRef id="c01002" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/11" CitationRef="c01000" SectionRef="article-11">11</CitationSubRef>, <CitationSubRef id="c01003" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/5/paragraph/2/3" UpTo="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/5/paragraph/2/7" CitationRef="c01000" Type="group" StartSectionRef="schedule-5-paragraph-2-3" EndSectionRef="schedule-5-paragraph-2-7">Sch. 5 para. 2(3)-(7)</CitationSubRef>) and subject to Sch. 1)</Text></Para></Commentary><Commentary id="c18769431" Type="F"><Para><Text><CitationSubRef id="c01047" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/118" SectionRef="section-118">S. 118</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c01048" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c01049" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c01048" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c01050" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c01048" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c01051" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c01048" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c01052" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c01053" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c01052" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c01054" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c01052" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c01055" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c01052" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c01056" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c01052" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769441" Type="F"><Para><Text><CitationSubRef id="c01057" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/119" SectionRef="section-119">S. 119</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c01058" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c01059" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c01058" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c01060" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c01058" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c01061" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c01058" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c01062" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c01063" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c01062" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c01064" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c01062" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c01065" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c01062" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c01066" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c01062" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769451" Type="F"><Para><Text><CitationSubRef id="c01067" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/120" SectionRef="section-120">S. 120</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c01068" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c01069" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c01068" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c01070" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c01068" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c01071" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c01068" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c01072" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c01073" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c01072" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c01074" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c01072" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c01075" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c01072" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c01076" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c01072" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769461" Type="F"><Para><Text><CitationSubRef id="c01077" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/121" SectionRef="section-121">S. 121</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c01078" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c01079" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c01078" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c01080" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c01078" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c01081" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c01078" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c01082" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c01083" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c01082" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c01084" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c01082" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c01085" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c01082" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c01086" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c01082" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769471" Type="F"><Para><Text><CitationSubRef id="c01087" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/122" SectionRef="section-122">S. 122</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c01088" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c01089" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c01088" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c01090" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c01088" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c01091" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c01088" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c01092" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c01093" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c01092" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c01094" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c01092" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c01095" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c01092" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c01096" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c01092" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13692791" Type="F"><Para><Text><CitationSubRef id="c01108" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/124" SectionRef="section-124">S. 124</CitationSubRef> repealed (16.10.1992) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1992/52" id="c01109" Year="1992" Class="UnitedKingdomPublicGeneralAct" Number="52" Title="Trade Union and Labour Relations (Consolidation) Act 1992">Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)</Citation>, <CitationSubRef id="c01110" URI="http://www.legislation.gov.uk/id/ukpga/1992/52/section/300/1" CitationRef="c01109" SectionRef="section-300-1">ss. 300(1)</CitationSubRef>, <CitationSubRef id="c01111" URI="http://www.legislation.gov.uk/id/ukpga/1992/52/section/302" CitationRef="c01109" SectionRef="section-302">302</CitationSubRef>, <CitationSubRef id="c01112" URI="http://www.legislation.gov.uk/id/ukpga/1992/52/schedule/1" Operative="true" CitationRef="c01109" SectionRef="schedule-1">Sch. 1</CitationSubRef> (with <CitationSubRef id="c01113" URI="http://www.legislation.gov.uk/id/ukpga/1992/52/schedule/3" CitationRef="c01109" SectionRef="schedule-3">Sch. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13692961" Type="F"><Para><Text>S. 130(3) repealed by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1990/40" id="c01152" Year="1990" Class="UnitedKingdomPublicGeneralAct" Number="40" Title="Law Reform (Miscellaneous Provisions) (Scotland) Act 1990">Law Reform (Miscellaneous Provisions) (Scotland) Act 1990 (c. 40, SIF 27; 68A:2; 76:2)</Citation>, <CitationSubRef id="c01153" CitationRef="c01152" URI="http://www.legislation.gov.uk/id/ukpga/1990/40/section/74/2" SectionRef="section-74-2">s. 74(2)</CitationSubRef>, <CitationSubRef id="c01154" CitationRef="c01152" URI="http://www.legislation.gov.uk/id/ukpga/1990/40/schedule/9" Operative="true" SectionRef="schedule-9">Sch. 9</CitationSubRef></Text></Para></Commentary><Commentary id="c18763481" Type="F"><Para><Text>Words in s. 130(6) inserted (E.W.) (15.9.2005) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2005/1906" id="c01157" Class="UnitedKingdomStatutoryInstrument" Year="2005" Number="1906" Title="The Regulatory Reform (Execution of Deeds and Documents) Order 2005">The Regulatory Reform (Execution of Deeds and Documents) Order 2005 (S.I. 2005/1906)</Citation>, <CitationSubRef id="c01158" CitationRef="c01157" URI="http://www.legislation.gov.uk/id/uksi/2005/1906/article/1/1" SectionRef="article-1-1">arts. 1(1)</CitationSubRef>, <CitationSubRef id="c01159" CitationRef="c01157" URI="http://www.legislation.gov.uk/id/uksi/2005/1906/article/10/1" SectionRef="article-10-1">10(1)</CitationSubRef>, <CitationSubRef id="c01160" CitationRef="c01157" URI="http://www.legislation.gov.uk/id/uksi/2005/1906/schedule/1/paragraph/16" SectionRef="schedule-1-paragraph-16" Operative="true">Sch. 1 para. 16</CitationSubRef></Text></Para></Commentary><Commentary id="c18765611" Type="F"><Para><Text>S. 134 repealed (20.1.2007) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c01180" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c01181" CitationRef="c01180" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c01182" CitationRef="c01180" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c01183" CitationRef="c01180" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2006/3428" id="c01184" Class="UnitedKingdomStatutoryInstrument" Year="2006" Number="3428">S.I. 2006/3428</Citation>, <CitationSubRef id="c01185" CitationRef="c01184" URI="http://www.legislation.gov.uk/id/uksi/2006/3428/article/7/b" SectionRef="article-7-b" Operative="true">art. 7(b)</CitationSubRef>, <CitationSubRef id="c01186" CitationRef="c01184" URI="http://www.legislation.gov.uk/id/uksi/2006/3428/schedule/3/part/1" SectionRef="schedule-3-part-1">Sch. 3 Pt. 1</CitationSubRef></Text></Para></Commentary><Commentary id="c13693001" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/6" id="c01187" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="6">1985 c. 6</Citation>. </Text></Para></Commentary><Commentary id="c23402891" Type="F"><Para><Text>Words in s. 135(1) inserted (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/948" id="c01189" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="948" Title="The Companies Act 2006 (Consequential Amendments etc) Order 2008">The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948)</Citation>, <CitationSubRef id="c01190" CitationRef="c01189" URI="http://www.legislation.gov.uk/id/uksi/2008/948/article/2/2" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c01191" CitationRef="c01189" URI="http://www.legislation.gov.uk/id/uksi/2008/948/schedule/1/paragraph/159/2" Operative="true" SectionRef="schedule-1-paragraph-159-2">Sch. 1 para. 159(2)</CitationSubRef></Text></Para></Commentary><Commentary id="c23402911" Type="F"><Para><Text>Words in s. 135(2) repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/948" id="c01193" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="948" Title="The Companies Act 2006 (Consequential Amendments etc) Order 2008">The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948)</Citation>, <CitationSubRef id="c01194" CitationRef="c01193" URI="http://www.legislation.gov.uk/id/uksi/2008/948/article/2/2" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c01195" CitationRef="c01193" URI="http://www.legislation.gov.uk/id/uksi/2008/948/schedule/1/paragraph/159/3/a" SectionRef="schedule-1-paragraph-159-3-a">Sch. 1 para. 159(3)(a)</CitationSubRef>, <CitationSubRef id="c01196" CitationRef="c01193" URI="http://www.legislation.gov.uk/id/uksi/2008/948/schedule/2" Operative="true" SectionRef="schedule-2">Sch. 2</CitationSubRef></Text></Para></Commentary><Commentary id="c23402931" Type="F"><Para><Text>Words in s. 135(2) inserted (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/948" id="c01198" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="948" Title="The Companies Act 2006 (Consequential Amendments etc) Order 2008">The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948)</Citation>, <CitationSubRef id="c01199" CitationRef="c01198" URI="http://www.legislation.gov.uk/id/uksi/2008/948/article/2/2" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c01200" CitationRef="c01198" URI="http://www.legislation.gov.uk/id/uksi/2008/948/schedule/1/paragraph/159/3/b" Operative="true" SectionRef="schedule-1-paragraph-159-3-b">Sch. 1 para. 159(3)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c18769671" Type="F"><Para><Text>S. 137 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c01207" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c01208" CitationRef="c01207" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c01209" CitationRef="c01207" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c01210" CitationRef="c01207" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c01211" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c01212" CitationRef="c01211" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c01213" CitationRef="c01211" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c01214" CitationRef="c01211" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c01215" CitationRef="c01211" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18769691" Type="F"><Para><Text>S. 138 repealed (1.10.2007) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c01217" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c01218" CitationRef="c01217" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c01219" CitationRef="c01217" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c01220" CitationRef="c01217" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/2194" id="c01221" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="2194">S.I. 2007/2194</Citation>. {art. 8}, Sch. 2 Pt. 1 (with art. 12, Sch. 3 (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/2607" id="c01222" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="2607">S.I. 2007/2607</Citation>, <CitationSubRef id="c01223" CitationRef="c01222" URI="http://www.legislation.gov.uk/id/uksi/2007/2607/article/1" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c01224" CitationRef="c01222" URI="http://www.legislation.gov.uk/id/uksi/2007/2607/article/4" SectionRef="article-4">4</CitationSubRef> and <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c01225" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c01226" CitationRef="c01225" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/2/6" SectionRef="article-2-6">arts. 2(6)</CitationSubRef>, <CitationSubRef id="c01227" CitationRef="c01225" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/11" SectionRef="article-11">11</CitationSubRef>, <CitationSubRef id="c01228" CitationRef="c01225" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/5/paragraph/2/3" UpTo="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/5/paragraph/2/7" Type="group" StartSectionRef="schedule-5-paragraph-2-3" EndSectionRef="schedule-5-paragraph-2-7">Sch. 5 para. 2(3)-(7)</CitationSubRef>) and subject to Sch. 1)</Text></Para></Commentary><Commentary id="c13693041" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/46" id="c01230" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="46">1986 c. 46</Citation>. </Text></Para></Commentary><Commentary id="c18756651" Type="F"><Para><Text>S. 139(5) repealed (22.7.2004 with effect in accordance with <CitationSubRef id="c01232" CitationRef="c01233" URI="http://www.legislation.gov.uk/id/ukpga/2004/12/section/77" SectionRef="section-77">s. 77</CitationSubRef> of the amending Act) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/12" id="c01233" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="12" Title="Finance Act 2004">Finance Act 2004 (c. 12)</Citation>, <CitationSubRef id="c01234" CitationRef="c01233" URI="http://www.legislation.gov.uk/id/ukpga/2004/12/section/326" SectionRef="section-326">s. 326</CitationSubRef>, <CitationSubRef id="c01235" CitationRef="c01233" URI="http://www.legislation.gov.uk/id/ukpga/2004/12/schedule/42/part/2/7" SectionRef="schedule-42-part-2-7" Operative="true">Sch. 42 Pt. 2(7)</CitationSubRef></Text></Para></Commentary><Commentary id="c13693071" Type="I"><Para><Text>S. 140 partly in force; s. 140 not in force at Royal Assent see s. 215(1)(2); s. 140(1)-(6) in force at 3.7.1995 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/1352" id="c01255" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="1352">S.I. 1995/1352</Citation>, <CitationSubRef id="c01256" CitationRef="c01255" URI="http://www.legislation.gov.uk/id/uksi/1995/1352/article/3/a" Operative="true" SectionRef="article-3-a">art. 3(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c13693081" Type="C"><Para><Text>S. 140(1) restricted (20.5.1995) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/1352" id="c01258" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="1352">S.I. 1995/1352</Citation>, <CitationSubRef id="c01259" CitationRef="c01258" URI="http://www.legislation.gov.uk/id/uksi/1995/1352/article/4" Operative="true" SectionRef="article-4">art.4</CitationSubRef></Text></Para><Para><Text>S. 140(3) restricted (20.5.1995) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/1352" id="c01261" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="1352">S.I. 1995/1352</Citation>, <CitationSubRef id="c01262" CitationRef="c01261" URI="http://www.legislation.gov.uk/id/uksi/1995/1352/article/5" Operative="true" SectionRef="article-5">art.5</CitationSubRef></Text></Para><Para><Text>S. 140(6) restricted (20.5.1995) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/1352" id="c01264" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="1352">S.I. 1995/1352</Citation>, <CitationSubRef id="c01265" CitationRef="c01264" URI="http://www.legislation.gov.uk/id/uksi/1995/1352/article/8" Operative="true" SectionRef="article-8">art.8</CitationSubRef></Text></Para></Commentary><Commentary id="c13693201" Type="I"><Para><Text>S. 145 partly in force; s. 145 not in force at Royal Assent see s. 215(1)(2); s. 145 in force at 3.7.1995 (so far as it extends to paragraph 20 of Schedule 19 to this Act) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/1352" id="c01333" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="1352">S.I. 1995/1352</Citation>, <CitationSubRef id="c01334" CitationRef="c01333" URI="http://www.legislation.gov.uk/id/uksi/1995/1352/article/3/b" Operative="true" SectionRef="article-3-b">art. 3(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c18755931" Type="F"><Para><Text><CitationSubRef id="c01335" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/146" SectionRef="section-146">S. 146</CitationSubRef> repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c01336" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c01337" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" CitationRef="c01336" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c01338" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" CitationRef="c01336" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c01339" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" CitationRef="c01336" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c01340" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c01341" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c01342" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" CitationRef="c01341" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c01343" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" CitationRef="c01341" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c01344" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" CitationRef="c01341" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18716651" Type="F"><Para><Text><CitationSubRef id="c01345" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/147" SectionRef="section-147">S. 147</CitationSubRef> repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c01346" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c01347" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" CitationRef="c01346" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c01348" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" CitationRef="c01346" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c01349" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" CitationRef="c01346" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c01350" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c01351" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c01352" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" CitationRef="c01351" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c01353" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" CitationRef="c01351" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c01354" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" CitationRef="c01351" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18716861" Type="F"><Para><Text><CitationSubRef id="c01355" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/148" SectionRef="section-148">S. 148</CitationSubRef> repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c01356" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c01357" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" CitationRef="c01356" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c01358" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" CitationRef="c01356" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c01359" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" CitationRef="c01356" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c01360" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c01361" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c01362" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" CitationRef="c01361" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c01363" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" CitationRef="c01361" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c01364" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" CitationRef="c01361" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18716881" Type="F"><Para><Text><CitationSubRef id="c01365" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/149" SectionRef="section-149">S. 149</CitationSubRef> repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c01366" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c01367" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" CitationRef="c01366" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c01368" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" CitationRef="c01366" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c01369" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" CitationRef="c01366" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c01370" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c01371" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c01372" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" CitationRef="c01371" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c01373" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" CitationRef="c01371" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c01374" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" CitationRef="c01371" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18716951" Type="F"><Para><Text><CitationSubRef id="c01375" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/150" SectionRef="section-150">S. 150</CitationSubRef> repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c01376" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c01377" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" CitationRef="c01376" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c01378" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" CitationRef="c01376" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c01379" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" CitationRef="c01376" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c01380" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c01381" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c01382" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" CitationRef="c01381" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c01383" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" CitationRef="c01381" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c01384" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" CitationRef="c01381" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13693381" Type="E"><Para><Text>This version of this provision extends to Scotland and Northern Ireland only; a separate version has been created for England and Wales only.</Text></Para></Commentary><Commentary id="c13693391" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1973/41" id="c01386" Year="1973" Class="UnitedKingdomPublicGeneralAct" Number="41">1973 c. 41</Citation>. </Text></Para></Commentary><Commentary id="c13693401" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1973/41" id="c01387" Year="1973" Class="UnitedKingdomPublicGeneralAct" Number="41">1973 c. 41</Citation>. </Text></Para></Commentary><Commentary id="c13693411" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1989/15" id="c01388" Year="1989" Class="UnitedKingdomPublicGeneralAct" Number="15">1989 c. 15</Citation>. </Text></Para></Commentary><Commentary id="c13693421" Type="E"><Para><Text>This version of this provision extends to England and Wales only; a separate version has been created for Scotland and Northern Ireland.</Text></Para></Commentary><Commentary id="c13693431" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1973/41" id="c01389" Year="1973" Class="UnitedKingdomPublicGeneralAct" Number="41">1973 c. 41</Citation>. </Text></Para></Commentary><Commentary id="c13693441" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1973/41" id="c01390" Year="1973" Class="UnitedKingdomPublicGeneralAct" Number="41">1973 c. 41</Citation>. </Text></Para></Commentary><Commentary id="c13693451" Type="F"><Para><Text>Words in <CitationSubRef id="c01391" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152/11" SectionRef="section-152-11">s. 152(11)</CitationSubRef> substituted (E.W.) (1. 12. 1991) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1991/60" id="c01392" Year="1991" Class="UnitedKingdomPublicGeneralAct" Number="60" Title="Water Consolidation (Consequential Provisions) Act 1991">Water Consolidation (Consequential Provisions) Act 1991 (c. 60, SIF 130)</Citation>, <CitationSubRef id="c01393" URI="http://www.legislation.gov.uk/id/ukpga/1991/60/section/2/1" CitationRef="c01392" SectionRef="section-2-1">ss. 2(1)</CitationSubRef>, <CitationSubRef id="c01394" URI="http://www.legislation.gov.uk/id/ukpga/1991/60/section/4/2" CitationRef="c01392" SectionRef="section-4-2">4(2)</CitationSubRef>, <CitationSubRef id="c01395" URI="http://www.legislation.gov.uk/id/ukpga/1991/60/schedule/1/paragraph/52" Operative="true" CitationRef="c01392" SectionRef="schedule-1-paragraph-52">Sch. 1 para. 52</CitationSubRef></Text></Para></Commentary><Commentary id="c18717291" Type="F"><Para><Text><CitationSubRef id="c01396" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/152" SectionRef="section-152">S. 152</CitationSubRef> repealed (29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c01397" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c01398" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" CitationRef="c01397" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c01399" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" CitationRef="c01397" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c01400" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" CitationRef="c01397" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c01401" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c01402" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" CitationRef="c01401" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c01403" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" CitationRef="c01401" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c01404" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" CitationRef="c01401" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13693581" Type="I"><Para><Text>S. 154 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01407" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01408" CitationRef="c01407" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01409" CitationRef="c01407" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13693631" Type="I"><Para><Text>S. 155 wholly in force at 25.4.1991. See s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c01411" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c01412" CitationRef="c01411" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>; 1991/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13693641" Type="F"><Para><Text>S. 155(2)(2A) substituted for s. 155(2) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01414" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01415" CitationRef="c01414" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/3" Operative="true" SectionRef="regulation-3">reg. 3</CitationSubRef></Text></Para></Commentary><Commentary id="c13693651" Type="F"><Para><Text>Words in s. 155(2)(a) inserted (11.8.1998) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1998/1748" id="c01417" Class="UnitedKingdomStatutoryInstrument" Year="1998" Number="1748">S.I. 1998/1748</Citation>, <CitationSubRef id="c01418" CitationRef="c01417" URI="http://www.legislation.gov.uk/id/uksi/1998/1748/regulation/3/a" Operative="true" SectionRef="regulation-3-a">reg. 3(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c13693761" Type="F"><Para><Text>S. 156 repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01426" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c01427" CitationRef="c01426" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c01428" CitationRef="c01426" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/e" SectionRef="article-75-e">75(e)</CitationSubRef></Text></Para></Commentary><Commentary id="c13693781" Type="I"><Para><Text>S. 157 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01431" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01432" CitationRef="c01431" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01433" CitationRef="c01431" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef> (subject to savings in <CitationSubRef id="c01434" CitationRef="c01431" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/3/1" SectionRef="article-3-1">art. 3(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13693841" Type="I"><Para><Text>S. 158 wholly in force; s. 158(4)(5) in force for certain purposes at 25.3.1991 and wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c01439" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c01440" CitationRef="c01439" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>; 1991/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13693851" Type="F"><Para><Text>S. 158(3)(b) substituted (15.9.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c01442" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c01443" CitationRef="c01442" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/248" SectionRef="section-248">ss. 248</CitationSubRef>, <CitationSubRef id="c01444" CitationRef="c01442" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c01445" CitationRef="c01442" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/17/paragraph/44/a" SectionRef="schedule-17-paragraph-44-a">Sch. 17 para. 44(a)</CitationSubRef> (with <CitationSubRef id="c01446" CitationRef="c01442" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/249/1" UpTo="http://www.legislation.gov.uk/id/ukpga/2002/40/section/249/3" Type="group" StartSectionRef="section-249-1" EndSectionRef="section-249-3">s. 249(1)-(3)</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/2093" id="c01447" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="2093">S.I. 2003/2093</Citation>, <CitationSubRef id="c01448" CitationRef="c01447" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/article/2/1" SectionRef="article-2-1" Operative="true">art. 2(1)</CitationSubRef>, <CitationSubRef id="c01449" CitationRef="c01447" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/schedule/1" SectionRef="schedule-1">Sch. 1</CitationSubRef> (subject to transitional provisions in <CitationSubRef id="c01450" CitationRef="c01447" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2003/2093/article/8" Type="group" StartSectionRef="article-3" EndSectionRef="article-8">arts. 3-8</CitationSubRef> (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/2332" id="c01451" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="2332">S.I. 2003/2332</Citation>, <CitationSubRef id="c01452" CitationRef="c01451" URI="http://www.legislation.gov.uk/id/uksi/2003/2332/article/2" SectionRef="article-2">art. 2</CitationSubRef>))</Text></Para></Commentary><Commentary id="c13693861" Type="F"><Para><Text>S. 158(3A) inserted (15.9.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c01454" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c01455" CitationRef="c01454" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/248" SectionRef="section-248">ss. 248</CitationSubRef>, <CitationSubRef id="c01456" CitationRef="c01454" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c01457" CitationRef="c01454" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/17/paragraph/44/b" SectionRef="schedule-17-paragraph-44-b">Sch. 17 para. 44(b)</CitationSubRef> (with <CitationSubRef id="c01458" CitationRef="c01454" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/249/1" UpTo="http://www.legislation.gov.uk/id/ukpga/2002/40/section/249/3" Type="group" StartSectionRef="section-249-1" EndSectionRef="section-249-3">s. 249(1)-(3)</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/2093" id="c01459" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="2093">S.I. 2003/2093</Citation>, <CitationSubRef id="c01460" CitationRef="c01459" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/article/2/1" SectionRef="article-2-1" Operative="true">art. 2(1)</CitationSubRef>, <CitationSubRef id="c01461" CitationRef="c01459" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/schedule/1" SectionRef="schedule-1">Sch. 1</CitationSubRef> (subject to transitional provisions in <CitationSubRef id="c01462" CitationRef="c01459" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2003/2093/article/8" Type="group" StartSectionRef="article-3" EndSectionRef="article-8">arts. 3-8</CitationSubRef> (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/2332" id="c01463" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="2332">S.I. 2003/2332</Citation>, <CitationSubRef id="c01464" CitationRef="c01463" URI="http://www.legislation.gov.uk/id/uksi/2003/2332/article/2" SectionRef="article-2">art. 2</CitationSubRef>))</Text></Para></Commentary><Commentary id="c13693831" Type="C"><Para><Text>S. 158(4)(5): certain functions made exercisable jointly by the Secretary of State and the Treasury (7.6.1992) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1992/1315" id="c01466" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="1315">S.I. 1992/1315</Citation>, <CitationSubRef id="c01467" CitationRef="c01466" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c01468" CitationRef="c01466" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/schedule/2/paragraph/7" Operative="true" SectionRef="schedule-2-paragraph-7">Sch. 2 para. 7</CitationSubRef> (with <CitationSubRef id="c01469" CitationRef="c01466" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/6" SectionRef="article-6">art. 6</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13693891" Type="I"><Para><Text>S. 159 wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01472" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01473" CitationRef="c01472" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01474" CitationRef="c01472" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13693901" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c01475" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c. 45</Citation>. </Text></Para></Commentary><Commentary id="c13693921" Type="F"><Para><Text>S. 159 (4A) inserted by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01478" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01479" CitationRef="c01478" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/4/2" Operative="true" SectionRef="regulation-4-2">reg. 4(2)</CitationSubRef></Text></Para></Commentary><Commentary id="c13693931" Type="F"><Para><Text>Words in s. 159(5) substituted by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01481" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01482" CitationRef="c01481" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/4/3" Operative="true" SectionRef="regulation-4-3">reg. 4(3)</CitationSubRef></Text></Para></Commentary><Commentary id="c13693951" Type="I"><Para><Text>S. 160 wholly in force at 1.10.1991; s. 160(5) in force for certain purposes at 25.3.1991 see 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c01485" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c01486" CitationRef="c01485" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c01487" CitationRef="c01485" URI="http://www.legislation.gov.uk/id/uksi/1991/488/section/160" SectionRef="section-160">s. 160</CitationSubRef> in force at 25.4.1991 with specified exceptions see <CitationSubRef id="c01488" CitationRef="c01485" URI="http://www.legislation.gov.uk/id/uksi/1991/488/section/I" SectionRef="section-I">S.I</CitationSubRef>. 1991/878, art. 2, Sch. (subject to savings in art. 3(2)), s. 160 wholly in force at 1.10.1991 see <CitationSubRef id="c01489" CitationRef="c01485" URI="http://www.legislation.gov.uk/id/uksi/1991/488/section/I" SectionRef="section-I">S.I</CitationSubRef>. 1991/2173, art. 2</Text></Para></Commentary><Commentary id="c13693961" Type="F"><Para><Text>Words in s. 160(4) added by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01491" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01492" CitationRef="c01491" URI="http://www.legislation.gov.uk/id/uksi/1991/880/part/III/regulation/5" Operative="true" SectionRef="part-III-regulation-5">Pt. III reg. 5</CitationSubRef></Text></Para></Commentary><Commentary id="c13693971" Type="C"><Para><Text>S. 160(5): (7.6.1992) certain functions made exercisable jointly by the Secretary of State and the Treasury by <Citation URI="http://www.legislation.gov.uk/id/uksi/1992/1315" id="c01494" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="1315">S.I. 1992/1315</Citation>, <CitationSubRef id="c01495" CitationRef="c01494" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c01496" CitationRef="c01494" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/schedule/2/paragraph/7" Operative="true" SectionRef="schedule-2-paragraph-7">Sch. 2 para.7</CitationSubRef> (with <CitationSubRef id="c01497" CitationRef="c01494" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/6" SectionRef="article-6">art. 6</CitationSubRef>).</Text></Para></Commentary><Commentary id="c13694061" Type="I"><Para><Text>S. 161 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01500" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01501" CitationRef="c01500" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01502" CitationRef="c01500" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13694071" Type="C"><Para><Text>S. 161 amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01504" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01505" CitationRef="c01504" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/19/1" Operative="true" SectionRef="regulation-19-1">reg. 19(1)</CitationSubRef></Text></Para></Commentary><Commentary id="c13694081" Type="F"><Para><Text>Words in s. 161(4) substituted (15.9.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c01507" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">Enterprise Act 2002 (c. 40)</Citation>, ss. 248, 279, Sch. 17 para. 45 (with savings in s. 249(1)-(3)); <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/2093" id="c01508" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="2093">S.I. 2003/2093</Citation>, <CitationSubRef id="c01509" CitationRef="c01508" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/article/2/1" SectionRef="article-2-1" Operative="true">art. 2(1)</CitationSubRef>, <CitationSubRef id="c01510" CitationRef="c01508" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/schedule/1" SectionRef="schedule-1">Sch. 1</CitationSubRef> (subject to transitional provisions in <CitationSubRef id="c01511" CitationRef="c01508" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2003/2093/article/8" Type="group" StartSectionRef="article-3" EndSectionRef="article-8">arts. 3-8</CitationSubRef> (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/2332" id="c01512" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="2332">S.I. 2003/2332</Citation>, <CitationSubRef id="c01513" CitationRef="c01512" URI="http://www.legislation.gov.uk/id/uksi/2003/2332/article/2" SectionRef="article-2">art. 2</CitationSubRef>))</Text></Para></Commentary><Commentary id="c13694101" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/66" id="c01515" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="66">1985 c. 66</Citation>. </Text></Para></Commentary><Commentary id="c13694111" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1987/18" id="c01516" Year="1987" Class="UnitedKingdomPublicGeneralAct" Number="18">1987 c. 18</Citation>. </Text></Para></Commentary><Commentary id="c13694161" Type="I"><Para><Text>S. 162 wholly in force at 1.10.1991; s. 162 in force for certain purposes at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01520" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01521" CitationRef="c01520" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01522" CitationRef="c01520" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef> and wholly in force at 1.10.1991 see <CitationSubRef id="c01523" CitationRef="c01520" URI="http://www.legislation.gov.uk/id/uksi/1991/878/section/215" SectionRef="section-215">s. 215</CitationSubRef> and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/2173" id="c01524" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="2173">S.I. 1991/2173</Citation>, <CitationSubRef id="c01525" CitationRef="c01524" URI="http://www.legislation.gov.uk/id/uksi/1991/2173/article/2" Operative="true" SectionRef="article-2">art. 2</CitationSubRef></Text></Para></Commentary><Commentary id="c13694171" Type="C"><Para><Text>S. 162 applied (with modifications) (E.W.S.) (11.12.1999) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1999/2979" id="c01527" Class="UnitedKingdomStatutoryInstrument" Year="1999" Number="2979">S.I. 1999/2979</Citation>, <CitationSubRef id="c01528" CitationRef="c01527" URI="http://www.legislation.gov.uk/id/uksi/1999/2979/regulation/15/1" Operative="true" SectionRef="regulation-15-1">reg. 15(1)</CitationSubRef></Text></Para></Commentary><Commentary id="c13694181" Type="F"><Para><Text>Words in s. 162(1) inserted by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01530" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01531" CitationRef="c01530" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/6/2" Operative="true" SectionRef="regulation-6-2">reg. 6(2)</CitationSubRef></Text></Para></Commentary><Commentary id="c13694201" Type="F"><Para><Text>S. 162(1A) inserted by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01537" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01538" CitationRef="c01537" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/6/3" Operative="true" SectionRef="regulation-6-3">reg. 6(3)</CitationSubRef></Text></Para></Commentary><Commentary id="c13694221" Type="F"><Para><Text>Words in s. 162(4) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01544" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c01545" CitationRef="c01544" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c01546" CitationRef="c01544" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/80/4/a" SectionRef="article-80-4-a">80(4)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c13694231" Type="F"><Para><Text>Word in s. 162(4) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01548" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c01549" CitationRef="c01548" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c01550" CitationRef="c01548" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/80/4/b" SectionRef="article-80-4-b">80(4)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c13694241" Type="F"><Para><Text>Words in s. 162(4) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01552" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c01553" CitationRef="c01552" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c01554" CitationRef="c01552" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/80/4/c" SectionRef="article-80-4-c">80(4)(c)</CitationSubRef></Text></Para></Commentary><Commentary id="c13694281" Type="I"><Para><Text>S. 163 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01557" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01558" CitationRef="c01557" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01559" CitationRef="c01557" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13694291" Type="C"><Para><Text>S. 163 amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01561" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01562" CitationRef="c01561" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/19/1" Operative="true" SectionRef="regulation-19-1">reg. 19(1)</CitationSubRef></Text></Para><Para><Text>S. 163 applied (with modifications) (11.12.1999) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1999/2979" id="c01564" Class="UnitedKingdomStatutoryInstrument" Year="1999" Number="2979">S.I. 1999/2979</Citation>, <CitationSubRef id="c01565" CitationRef="c01564" URI="http://www.legislation.gov.uk/id/uksi/1999/2979/regulation/15/1" Operative="true" SectionRef="regulation-15-1">reg. 15(1)</CitationSubRef></Text></Para></Commentary><Commentary id="c13694301" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c01566" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c. 45</Citation>. </Text></Para></Commentary><Commentary id="c13694321" Type="C"><Para><Text>S. 163(4)-(6) excluded in part (11.12.1999) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1999/2979" id="c01569" Class="UnitedKingdomStatutoryInstrument" Year="1999" Number="2979">S.I. 1999/2979</Citation>, <CitationSubRef id="c01570" CitationRef="c01569" URI="http://www.legislation.gov.uk/id/uksi/1999/2979/regulation/21/2/a" Operative="true" SectionRef="regulation-21-2-a">reg. 21(2)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c13694331" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c01571" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c. 45</Citation>. </Text></Para></Commentary><Commentary id="c13694371" Type="I"><Para><Text>S. 164 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01574" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01575" CitationRef="c01574" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01576" CitationRef="c01574" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13694381" Type="C"><Para><Text>S. 164 amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01578" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01579" CitationRef="c01578" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/19/1" Operative="true" SectionRef="regulation-19-1">reg. 19(1)</CitationSubRef></Text></Para></Commentary><Commentary id="c13694401" Type="C"><Para><Text>S. 164(4)-(6) excluded in part (11.12.1999) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1999/2979" id="c01582" Class="UnitedKingdomStatutoryInstrument" Year="1999" Number="2979">S.I. 1999/2979</Citation>, <CitationSubRef id="c01583" CitationRef="c01582" URI="http://www.legislation.gov.uk/id/uksi/1999/2979/regulation/21/2/b" Operative="true" SectionRef="regulation-21-2-b">reg. 21(2)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c13694441" Type="I"><Para><Text>S. 165 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01586" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01587" CitationRef="c01586" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01588" CitationRef="c01586" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13694491" Type="I"><Para><Text>S. 166 wholly in force at 1.10.1991; s. 166 in force for certain purposes at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01593" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef CitationRef="c01593" id="c01594" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef CitationRef="c01593" id="c01595" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef> (subject to savings in <CitationSubRef CitationRef="c01593" id="c01596" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/3/2" SectionRef="article-3-2">art. 3(2)</CitationSubRef>) and wholly in force at 1.10.1991 see <CitationSubRef CitationRef="c01593" id="c01597" URI="http://www.legislation.gov.uk/id/uksi/1991/878/section/I" SectionRef="section-I">S.I</CitationSubRef>. 1991/2173, art. 2.</Text></Para></Commentary><Commentary id="c13694511" Type="F"><Para><Text>Words in s. 166(2)(a)(b) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01603" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c01603" id="c01604" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c01603" id="c01605" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/81/2/b" SectionRef="article-81-2-b">81(2)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c13694551" Type="F"><Para><Text>Words in s. 166(3) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01611" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c01611" id="c01612" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c01611" id="c01613" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/81/3/b" SectionRef="article-81-3-b">81(3)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c13694611" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1988/36" id="c01626" Year="1988" Class="UnitedKingdomPublicGeneralAct" Number="36">1988 c. 36</Citation>. </Text></Para></Commentary><Commentary id="c13694761" Type="I"><Para><Text>S. 167 wholly in force at 1.10.1991; s. 167 in force for certain purposes at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01630" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01631" CitationRef="c01630" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01632" CitationRef="c01630" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef> and wholly in force at 1.10.1991 see <CitationSubRef id="c01633" CitationRef="c01630" URI="http://www.legislation.gov.uk/id/uksi/1991/878/section/I" SectionRef="section-I">S.I</CitationSubRef>. 1991/2173, art. 2</Text></Para></Commentary><Commentary id="c13694811" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1971/80" id="c01654" Year="1971" Class="UnitedKingdomPublicGeneralAct" Number="80">1971 c. 80</Citation>. </Text></Para></Commentary><Commentary id="c13694851" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1988/36" id="c01663" Year="1988" Class="UnitedKingdomPublicGeneralAct" Number="36">1988 c. 36</Citation>. </Text></Para></Commentary><Commentary id="c13694901" Type="F"><Para><Text>S. 168 repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01665" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c01666" CitationRef="c01665" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c01667" CitationRef="c01665" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/f" SectionRef="article-75-f">75(f)</CitationSubRef></Text></Para></Commentary><Commentary id="c13694951" Type="I"><Para><Text>S. 169 partly in force: s. 169(1)(2)(3)(5) in force 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01670" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01671" CitationRef="c01670" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01672" CitationRef="c01670" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13694961" Type="F"><Para><Text>S. 169(1)(4) repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01674" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c01675" CitationRef="c01674" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c01676" CitationRef="c01674" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/g" SectionRef="article-75-g">75(g)</CitationSubRef></Text></Para></Commentary><Commentary id="c13694971" Type="F"><Para><Text>Words in s. 169(2) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01678" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c01679" CitationRef="c01678" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c01680" CitationRef="c01678" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/83/2" SectionRef="article-83-2">83(2)</CitationSubRef></Text></Para></Commentary><Commentary id="c13694981" Type="C"><Para><Text>S. 169(3) applied (with modifications) (E.W.S.) (15.8.1995) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/2049" id="c01682" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="2049">S.I. 1995/2049</Citation>, <CitationSubRef id="c01683" CitationRef="c01682" URI="http://www.legislation.gov.uk/id/uksi/1995/2049/regulation/28" Operative="true" SectionRef="regulation-28">reg. 28</CitationSubRef></Text></Para></Commentary><Commentary id="c13694991" Type="F"><Para><Text>Words in s. 169(3) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01685" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c01686" CitationRef="c01685" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c01687" CitationRef="c01685" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/83/3/a" SectionRef="article-83-3-a">83(3)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c13695001" Type="F"><Para><Text>Words in s. 169(3) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01689" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c01690" CitationRef="c01689" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c01691" CitationRef="c01689" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/83/3/b" SectionRef="article-83-3-b">83(3)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c13695011" Type="F"><Para><Text>S. 169(3A) inserted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01693" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c01694" CitationRef="c01693" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c01695" CitationRef="c01693" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/83/4" SectionRef="article-83-4">83(4)</CitationSubRef></Text></Para></Commentary><Commentary id="c13695031" Type="F"><Para><Text>Words in s. 169(5) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01697" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c01698" CitationRef="c01697" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c01699" CitationRef="c01697" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/83/5/a" SectionRef="article-83-5-a">83(5)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c13695041" Type="F"><Para><Text>Words in s. 169(5) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01701" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c01702" CitationRef="c01701" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c01703" CitationRef="c01701" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/83/5/b" SectionRef="article-83-5-b">83(5)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c13695071" Type="C"><Para><Text>Ss. 170-174: certain functions made exercisable (7.6.1992) jointly by the Secretary of State and the Treasury by <Citation URI="http://www.legislation.gov.uk/id/uksi/1992/1315" id="c01705" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="1315">S.I. 1992/1315</Citation>, <CitationSubRef CitationRef="c01705" id="c01706" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef CitationRef="c01705" id="c01707" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/schedule/2/paragraph/7" Operative="true" SectionRef="schedule-2-paragraph-7">Sch. 2 para. 7</CitationSubRef> (with <CitationSubRef CitationRef="c01705" id="c01708" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/6" SectionRef="article-6">art. 6</CitationSubRef>).</Text></Para></Commentary><Commentary id="c13695081" Type="I"><Para><Text>S. 170 partly in force; s. 170 not in force at Royal Assent see s. 215(1)(2); s. 170 in force for certain purposes at 25.3.1991 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c01713" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef CitationRef="c01713" id="c01714" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>.</Text></Para></Commentary><Commentary id="c13695111" Type="F"><Para><Text>Word in s. 170(2) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01724" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c01724" id="c01725" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c01724" id="c01726" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/84/3/a" SectionRef="article-84-3-a">84(3)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c13695121" Type="F"><Para><Text>Words in s. 170(2) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01728" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c01728" id="c01729" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c01728" id="c01730" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/84/3/b" SectionRef="article-84-3-b">84(3)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c13695131" Type="F"><Para><Text>Words in s. 170(4)(5)(a)(6) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01732" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c01732" id="c01733" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c01732" id="c01734" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/84/4" SectionRef="article-84-4">84(4)</CitationSubRef></Text></Para></Commentary><Commentary id="c13695421" Type="F"><Para><Text>S. 171 repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01736" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c01736" id="c01737" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c01736" id="c01738" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/h" SectionRef="article-75-h">75(h)</CitationSubRef></Text></Para></Commentary><Commentary id="c13695441" Type="C"><Para><Text>Ss. 170-174: certain functions made exercisable (7.6.1992) jointly by the Secretary of State and the Treasury by <Citation URI="http://www.legislation.gov.uk/id/uksi/1992/1315" id="c01740" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="1315">S.I. 1992/1315</Citation>, <CitationSubRef CitationRef="c01740" id="c01741" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef CitationRef="c01740" id="c01742" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/schedule/2/paragraph/7" Operative="true" SectionRef="schedule-2-paragraph-7">Sch. 2 para.7</CitationSubRef> (with <CitationSubRef CitationRef="c01740" id="c01743" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/6" SectionRef="article-6">art. 6</CitationSubRef>).</Text></Para></Commentary><Commentary id="c13695451" Type="I"><Para><Text>S. 172 partly in force; s. 172 not in force at Royal Assent see s. 215(1)(2); s. 172 in force for certain purposes at 25.3.1991 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c01748" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef CitationRef="c01748" id="c01749" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>.</Text></Para></Commentary><Commentary id="c13695461" Type="F"><Para><Text>Words in s. 172(3) substituted (7.6.1992) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1992/1315" id="c01751" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="1315">S.I. 1992/1315</Citation>, <CitationSubRef CitationRef="c01751" id="c01752" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/10/1" SectionRef="article-10-1">art. 10(1)</CitationSubRef>, <CitationSubRef CitationRef="c01751" id="c01753" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/schedule/4/paragraph/13/b" Operative="true" SectionRef="schedule-4-paragraph-13-b">Sch. 4 para. 13(b)</CitationSubRef> (with <CitationSubRef CitationRef="c01751" id="c01754" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/6" SectionRef="article-6">art. 6</CitationSubRef>).</Text></Para></Commentary><Commentary id="c13695581" Type="I"><Para><Text>S. 173 wholly in force; s. 173(4)(5) in force for certain purposes at 25.3.1991 and s. 173 wholly in force at 25.4.1991 see s. 215(2); <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c01758" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c01759" CitationRef="c01758" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01760" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01761" CitationRef="c01760" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01762" CitationRef="c01760" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13695591" Type="C"><Para><Text>Ss. 170-174: certain functions made exercisable (7.6.1992) jointly by the Secretary of State and the Treasury by <Citation URI="http://www.legislation.gov.uk/id/uksi/1992/1315" id="c01764" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="1315">S.I. 1992/1315</Citation>, <CitationSubRef id="c01765" CitationRef="c01764" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c01766" CitationRef="c01764" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/schedule/2/paragraph/7" Operative="true" SectionRef="schedule-2-paragraph-7">Sch. 2 para.7</CitationSubRef> (with <CitationSubRef id="c01767" CitationRef="c01764" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/6" SectionRef="article-6">art. 6</CitationSubRef>).</Text></Para></Commentary><Commentary id="c13695601" Type="F"><Para><Text>S. 173(1)(aa) inserted by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01769" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01770" CitationRef="c01769" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/9/a" Operative="true" SectionRef="regulation-9-a">reg. 9(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c13695611" Type="F"><Para><Text>Words in s. 173(1)(c) inserted by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01772" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01773" CitationRef="c01772" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/9/b" Operative="true" SectionRef="regulation-9-b">reg. 9(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c13695631" Type="F"><Para><Text>Word in s. 173(2) inserted by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01775" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01776" CitationRef="c01775" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/9/c" Operative="true" SectionRef="regulation-9-c">reg. 9(c)</CitationSubRef></Text></Para></Commentary><Commentary id="c13695641" Type="F"><Para><Text>Words in s. 173(3) substituted by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01778" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01779" CitationRef="c01778" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/9/d" Operative="true" SectionRef="regulation-9-d">reg. 9(d)</CitationSubRef></Text></Para></Commentary><Commentary id="c13695651" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1982/41" id="c01780" Year="1982" Class="UnitedKingdomPublicGeneralAct" Number="41">1982 c. 41</Citation>. </Text></Para></Commentary><Commentary id="c13695661" Type="F"><Para><Text>Words in s. 173(6) substituted (7.6.1992) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1992/1315" id="c01782" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="1315">S.I. 1992/1315</Citation>, <CitationSubRef id="c01783" CitationRef="c01782" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/10/1" SectionRef="article-10-1">art. 10(1)</CitationSubRef>, <CitationSubRef id="c01784" CitationRef="c01782" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/schedule/4/paragraph/13" Operative="true" SectionRef="schedule-4-paragraph-13">Sch. 4 para. 13</CitationSubRef></Text></Para></Commentary><Commentary id="c13695691" Type="I"><Para><Text><CitationSubRef id="c01785" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/174" SectionRef="section-174">S. 174</CitationSubRef> wholly in force; <CitationSubRef id="c01786" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/174" SectionRef="section-174">s. 174</CitationSubRef> not in force at Royal Assent see <CitationSubRef id="c01787" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/215/2" SectionRef="section-215-2">s. 215(2)</CitationSubRef>; <CitationSubRef id="c01788" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/174/2/4" SectionRef="section-174-2-4">s. 174(2)(4)</CitationSubRef> in force for certain purposes at 25.3.1991 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c01789" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c01790" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" CitationRef="c01789" SectionRef="article-2-2">art. 2(2)</CitationSubRef>; <CitationSubRef id="c01791" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/174" SectionRef="section-174">s. 174</CitationSubRef> wholly in force at 25.4.1991 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01792" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01793" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" CitationRef="c01792" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01794" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" CitationRef="c01792" SectionRef="schedule">Sch.</CitationSubRef> (subject to certain savings for <CitationSubRef id="c01795" URI="http://www.legislation.gov.uk/id/uksi/1991/878/section/174/1" CitationRef="c01792" SectionRef="section-174-1">s. 174(1)</CitationSubRef> in <CitationSubRef id="c01796" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/3/4" CitationRef="c01792" SectionRef="article-3-4">art. 3(4)</CitationSubRef>).</Text></Para></Commentary><Commentary id="c13695701" Type="C"><Para><Text><CitationSubRef id="c01797" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/174" Type="group" StartSectionRef="section-170" EndSectionRef="section-174">Ss. 170-174</CitationSubRef>: certain functions made exercisable (7.6.1992) jointly by the Secretary of State and the Treasury by <Citation URI="http://www.legislation.gov.uk/id/uksi/1992/1315" id="c01798" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="1315">S.I. 1992/1315</Citation>, <CitationSubRef id="c01799" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/4" CitationRef="c01798" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c01800" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/schedule/2/paragraph/7" Operative="true" CitationRef="c01798" SectionRef="schedule-2-paragraph-7">Sch. 2 para.7</CitationSubRef> (with <CitationSubRef id="c01801" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/6" CitationRef="c01798" SectionRef="article-6">art. 6</CitationSubRef>).</Text></Para></Commentary><Commentary id="c13695711" Type="F"><Para><Text>Words in <CitationSubRef id="c01802" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/174/5" SectionRef="section-174-5">s. 174(5)</CitationSubRef> substituted (7.6.1992) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1992/1315" id="c01803" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="1315">S.I. 1992/1315</Citation>, <CitationSubRef id="c01804" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/10/1" CitationRef="c01803" SectionRef="article-10-1">art. 10(1)</CitationSubRef>, <CitationSubRef id="c01805" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/schedule/4/paragraph/13/d" Operative="true" CitationRef="c01803" SectionRef="schedule-4-paragraph-13-d">Sch. 4 para. 13(d)</CitationSubRef> (with <CitationSubRef id="c01806" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/6" CitationRef="c01803" SectionRef="article-6">art. 6</CitationSubRef>).</Text></Para></Commentary><Commentary id="c13695861" Type="I"><Para><Text>S. 175 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01809" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01810" CitationRef="c01809" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01811" CitationRef="c01809" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef> (subject to certain savings in <CitationSubRef id="c01812" CitationRef="c01809" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/3/4" SectionRef="article-3-4">art. 3(4)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13695871" Type="F"><Para><Text>S. 175(1)(1A) substituted (15.9.2003) for s. 175(1) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c01814" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c01815" CitationRef="c01814" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/248" SectionRef="section-248">ss. 248</CitationSubRef>, <CitationSubRef id="c01816" CitationRef="c01814" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c01817" CitationRef="c01814" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/17/paragraph/47/2" SectionRef="schedule-17-paragraph-47-2">Sch. 17 para. 47(2)</CitationSubRef> (with <CitationSubRef id="c01818" CitationRef="c01814" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/249/1" UpTo="http://www.legislation.gov.uk/id/ukpga/2002/40/section/249/3" Type="group" StartSectionRef="section-249-1" EndSectionRef="section-249-3">s. 249(1)-(3)</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/2093" id="c01819" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="2093">S.I. 2003/2093</Citation>, <CitationSubRef id="c01820" CitationRef="c01819" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/article/2/1" SectionRef="article-2-1" Operative="true">art. 2(1)</CitationSubRef>, <CitationSubRef id="c01821" CitationRef="c01819" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/schedule/1" SectionRef="schedule-1">Sch. 1</CitationSubRef> (subject to transitional provisions in <CitationSubRef id="c01822" CitationRef="c01819" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2003/2093/article/8" Type="group" StartSectionRef="article-3" EndSectionRef="article-8">arts. 3-8</CitationSubRef> (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/2332" id="c01823" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="2332">S.I. 2003/2332</Citation>, <CitationSubRef id="c01824" CitationRef="c01823" URI="http://www.legislation.gov.uk/id/uksi/2003/2332/article/2" SectionRef="article-2">art. 2</CitationSubRef>))</Text></Para></Commentary><Commentary id="c13695881" Type="C"><Para><Text>S. 175(2) restricted (25.2.1991) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/145" id="c01826" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="145">S.I. 1991/145</Citation>, <CitationSubRef id="c01827" CitationRef="c01826" URI="http://www.legislation.gov.uk/id/uksi/1991/145/article/3" Operative="true" SectionRef="article-3">art. 3</CitationSubRef></Text></Para><Para><Text>S. 175(2) amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01829" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01830" CitationRef="c01829" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/19/2" Operative="true" SectionRef="regulation-19-2">reg. 19(2)</CitationSubRef></Text></Para></Commentary><Commentary id="c13695891" Type="F"><Para><Text>Words in s. 175(2) substituted (15.9.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c01832" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c01833" CitationRef="c01832" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/248" SectionRef="section-248">ss. 248</CitationSubRef>, <CitationSubRef id="c01834" CitationRef="c01832" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c01835" CitationRef="c01832" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/17/paragraph/47/3" SectionRef="schedule-17-paragraph-47-3">Sch. 17 para. 47(3)</CitationSubRef> (with <CitationSubRef id="c01836" CitationRef="c01832" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/249/1" UpTo="http://www.legislation.gov.uk/id/ukpga/2002/40/section/249/3" Type="group" StartSectionRef="section-249-1" EndSectionRef="section-249-3">s. 249(1)-(3)</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/2093" id="c01837" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="2093">S.I. 2003/2093</Citation>, <CitationSubRef id="c01838" CitationRef="c01837" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/article/2/1" SectionRef="article-2-1" Operative="true">art. 2(1)</CitationSubRef>, <CitationSubRef id="c01839" CitationRef="c01837" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/schedule/1" SectionRef="schedule-1">Sch. 1</CitationSubRef> (subject to transitional provisions in <CitationSubRef id="c01840" CitationRef="c01837" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2003/2093/article/8" Type="group" StartSectionRef="article-3" EndSectionRef="article-8">arts. 3-8</CitationSubRef> (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/2332" id="c01841" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="2332">S.I. 2003/2332</Citation>, <CitationSubRef id="c01842" CitationRef="c01841" URI="http://www.legislation.gov.uk/id/uksi/2003/2332/article/2" SectionRef="article-2">art. 2</CitationSubRef>))</Text></Para></Commentary><Commentary id="c13695901" Type="F"><Para><Text>Words in s. 175(2) inserted by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01844" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01845" CitationRef="c01844" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/18" Operative="true" SectionRef="regulation-18">reg. 18</CitationSubRef></Text></Para></Commentary><Commentary id="c13695911" Type="F"><Para><Text>S. 175(2A) inserted (15.9.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c01847" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c01848" CitationRef="c01847" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/248" SectionRef="section-248">ss. 248</CitationSubRef>, <CitationSubRef id="c01849" CitationRef="c01847" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c01850" CitationRef="c01847" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/17/paragraph/47/4" SectionRef="schedule-17-paragraph-47-4">Sch. 17 para. 47(4)</CitationSubRef> (with <CitationSubRef id="c01851" CitationRef="c01847" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/249/1" UpTo="http://www.legislation.gov.uk/id/ukpga/2002/40/section/249/3" Type="group" StartSectionRef="section-249-1" EndSectionRef="section-249-3">s. 249(1)-(3)</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/2093" id="c01852" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="2093">S.I. 2003/2093</Citation>, <CitationSubRef id="c01853" CitationRef="c01852" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/article/2/1" SectionRef="article-2-1" Operative="true">art. 2(1)</CitationSubRef>, <CitationSubRef id="c01854" CitationRef="c01852" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/schedule/1" SectionRef="schedule-1">Sch. 1</CitationSubRef> (subject to transitional provisions in <CitationSubRef id="c01855" CitationRef="c01852" URI="http://www.legislation.gov.uk/id/uksi/2003/2093/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2003/2093/article/8" Type="group" StartSectionRef="article-3" EndSectionRef="article-8">arts. 3-8</CitationSubRef> (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/2332" id="c01856" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="2332">S.I. 2003/2332</Citation>, <CitationSubRef id="c01857" CitationRef="c01856" URI="http://www.legislation.gov.uk/id/uksi/2003/2332/article/2" SectionRef="article-2">art. 2</CitationSubRef>))</Text></Para></Commentary><Commentary id="c13695921" Type="C"><Para><Text>S. 175(1)(b)(3) amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01859" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01860" CitationRef="c01859" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/15" Operative="true" SectionRef="regulation-15">reg. 15</CitationSubRef></Text></Para><Para><Text>S. 175(1)(b)(3) modified (15.8.1995) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/2049" id="c01862" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="2049">S.I. 1995/2049</Citation>, <CitationSubRef id="c01863" CitationRef="c01862" URI="http://www.legislation.gov.uk/id/uksi/1995/2049/regulation/24" Operative="true" SectionRef="regulation-24">reg. 24</CitationSubRef></Text></Para><Para><Text>S. 175(1)(b)(3) modified (15.7.1996) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1996/1469" id="c01865" Class="UnitedKingdomStatutoryInstrument" Year="1996" Number="1469">S.I. 1996/1469</Citation>, <CitationSubRef id="c01866" CitationRef="c01865" URI="http://www.legislation.gov.uk/id/uksi/1996/1469/regulation/8/2" Operative="true" SectionRef="regulation-8-2">reg. 8(2)</CitationSubRef></Text></Para></Commentary><Commentary id="c13695941" Type="C"><Para><Text>S. 175(5) amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01869" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01870" CitationRef="c01869" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/19/1" Operative="true" SectionRef="regulation-19-1">reg. 19(1)</CitationSubRef></Text></Para></Commentary><Commentary id="c13695951" Type="C"><Para><Text>S. 175(5)(6) excluded in part (11.12.1999) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1999/2979" id="c01872" Class="UnitedKingdomStatutoryInstrument" Year="1999" Number="2979">S.I. 1999/2979</Citation>, <CitationSubRef id="c01873" CitationRef="c01872" URI="http://www.legislation.gov.uk/id/uksi/1999/2979/regulation/21/2/c" Operative="true" SectionRef="regulation-21-2-c">reg. 21(2)(c)</CitationSubRef></Text></Para></Commentary><Commentary id="c13696121" Type="C"><Para><Text>S. 176: certain functions made exercisable (7.6.1992) jointly by the Secretary of State and the Treasury by <Citation URI="http://www.legislation.gov.uk/id/uksi/1992/1315" id="c01875" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="1315">S.I. 1992/1315</Citation>, <CitationSubRef CitationRef="c01875" id="c01876" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef CitationRef="c01875" id="c01877" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/schedule/2/paragraph/7" Operative="true" SectionRef="schedule-2-paragraph-7">Sch. 2 para. 7</CitationSubRef> (with <CitationSubRef CitationRef="c01875" id="c01878" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/6" SectionRef="article-6">art. 6</CitationSubRef>).</Text></Para></Commentary><Commentary id="c13696131" Type="I"><Para><Text>S. 176 wholly in force: s. 176 not in force at Royal Assent see s. 215(1)(2); s. 176 in force for certain purposes at 25.3.1991 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c01882" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef CitationRef="c01882" id="c01883" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>; s. 176 wholly in force at 4.7.1995 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/1591" id="c01885" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="1591">S.I. 1995/1591</Citation>, <CitationSubRef CitationRef="c01885" id="c01886" URI="http://www.legislation.gov.uk/id/uksi/1995/1591/article/2" Operative="true" SectionRef="article-2">art. 2</CitationSubRef></Text></Para></Commentary><Commentary id="c13696141" Type="C"><Para><Text>S. 176 amended (1.1.1993) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1992/3218" id="c01888" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="3218">S.I. 1992/3218</Citation>, <CitationSubRef CitationRef="c01888" id="c01889" URI="http://www.legislation.gov.uk/id/uksi/1992/3218/regulation/82/1" SectionRef="regulation-82-1">reg. 82(1)</CitationSubRef>, <CitationSubRef CitationRef="c01888" id="c01890" URI="http://www.legislation.gov.uk/id/uksi/1992/3218/schedule/10/part/I/paragraph/29" Operative="true" SectionRef="schedule-10-part-I-paragraph-29">Sch. 10 Pt. I para. 29</CitationSubRef></Text></Para><Para><Text>S. 176(2) extended (1.1.1996) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/3275" id="c01892" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="3275">S.I. 1995/3275</Citation>, <CitationSubRef CitationRef="c01892" id="c01893" URI="http://www.legislation.gov.uk/id/uksi/1995/3275/regulation/57" SectionRef="regulation-57">reg. 57</CitationSubRef>, <CitationSubRef CitationRef="c01892" id="c01894" URI="http://www.legislation.gov.uk/id/uksi/1995/3275/schedule/10/part/I/paragraph/13" Operative="true" SectionRef="schedule-10-part-I-paragraph-13">Sch. 10 Pt. I para. 13</CitationSubRef></Text></Para></Commentary><Commentary id="c13696181" Type="F"><Para><Text>Words in s. 176(2)(b) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01906" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c01906" id="c01907" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c01906" id="c01908" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/85/2/b" SectionRef="article-85-2-b">85(2)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c13696191" Type="F"><Para><Text>S. 176(2)(d)(e) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01910" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c01910" id="c01911" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c01910" id="c01912" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/85/3" SectionRef="article-85-3">85(3)</CitationSubRef></Text></Para></Commentary><Commentary id="c13696201" Type="F"><Para><Text>S. 176(6)(6A) substituted (1.6.1998) for s. 176(6) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/11" id="c01914" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="11">1998 c. 11</Citation>, <CitationSubRef CitationRef="c01914" id="c01915" URI="http://www.legislation.gov.uk/id/ukpga/1998/11/section/23" SectionRef="section-23">s. 23</CitationSubRef>, <CitationSubRef CitationRef="c01914" id="c01916" URI="http://www.legislation.gov.uk/id/ukpga/1998/11/schedule/5/part/III/paragraph/48/3" Operative="true" SectionRef="schedule-5-part-III-paragraph-48-3">Sch. 5 Pt. III para. 48(3)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/1998/1120" id="c01917" Class="UnitedKingdomStatutoryInstrument" Year="1998" Number="1120">S.I. 1998/1120</Citation>, <CitationSubRef CitationRef="c01917" id="c01918" URI="http://www.legislation.gov.uk/id/uksi/1998/1120/article/2" Operative="true" SectionRef="article-2">art. 2</CitationSubRef></Text></Para></Commentary><Commentary id="c13696211" Type="F"><Para><Text>Words in s. 176(6) repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01920" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c01920" id="c01921" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c01920" id="c01922" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/85/4/a" SectionRef="article-85-4-a">85(4)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c13696221" Type="F"><Para><Text>Words in s. 176(6) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01924" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c01924" id="c01925" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c01924" id="c01926" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/85/4/b" SectionRef="article-85-4-b">85(4)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c13696231" Type="F"><Para><Text>S. 176(8)(9) inserted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01928" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c01928" id="c01929" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c01928" id="c01930" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/85/5" SectionRef="article-85-5">85(5)</CitationSubRef></Text></Para></Commentary><Commentary id="c18763981" Type="F"><Para><Text>S. 176(8)(ba) inserted (1.4.2007 for certain purposes and otherwise 1.11.2007) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2006/3384" id="c01932" Class="UnitedKingdomStatutoryInstrument" Year="2006" Number="3384" Title="The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment No. 3) Order 2006">The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment No. 3) Order 2006 (S.I. 2006/3384)</Citation>, <CitationSubRef CitationRef="c01932" id="c01933" URI="http://www.legislation.gov.uk/id/uksi/2006/3384/article/1/2" SectionRef="article-1-2">arts. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="c01932" id="c01934" URI="http://www.legislation.gov.uk/id/uksi/2006/3384/article/32" SectionRef="article-32" Operative="true">32</CitationSubRef></Text></Para></Commentary><Commentary id="c13696241" Type="I"><Para><Text>S. 177 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01937" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01938" CitationRef="c01937" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01939" CitationRef="c01937" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef> (subject to certain savings in <CitationSubRef id="c01940" CitationRef="c01937" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/3/5" SectionRef="article-3-5">art. 3(5)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13696251" Type="C"><Para><Text>S. 177 applied (15.8.1995) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/2049" id="c01942" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="2049">S.I. 1995/2049</Citation>, <CitationSubRef id="c01943" CitationRef="c01942" URI="http://www.legislation.gov.uk/id/uksi/1995/2049/regulation/25/1" Operative="true" SectionRef="regulation-25-1">reg. 25(1)</CitationSubRef></Text></Para></Commentary><Commentary id="c13696261" Type="I"><Para><Text><CitationSubRef id="c01944" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/179" SectionRef="section-179">S. 179</CitationSubRef> wholly in force at 25.4.1991 see <CitationSubRef id="c01945" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/215" SectionRef="section-215">s. 215</CitationSubRef> and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01946" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01947" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" CitationRef="c01946" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01948" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" CitationRef="c01946" SectionRef="schedule">Sch.</CitationSubRef> (subject to certain savings in <CitationSubRef id="c01949" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/3/6" CitationRef="c01946" SectionRef="article-3-6">art. 3(6)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13696271" Type="C"><Para><Text><CitationSubRef id="c01950" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/179" SectionRef="section-179">S. 179</CitationSubRef> applied (15.8.1995) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/2049" id="c01951" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="2049">S.I. 1995/2049</Citation>, <CitationSubRef id="c01952" URI="http://www.legislation.gov.uk/id/uksi/1995/2049/regulation/25/2" Operative="true" CitationRef="c01951" SectionRef="regulation-25-2">reg. 25(2)</CitationSubRef></Text></Para></Commentary><Commentary id="c13696301" Type="I"><Para><Text>S. 180 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01955" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01956" CitationRef="c01955" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01957" CitationRef="c01955" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef> (subject to certain savings in <CitationSubRef id="c01958" CitationRef="c01955" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/3/7" SectionRef="article-3-7">art. 3(7)</CitationSubRef>).</Text></Para></Commentary><Commentary id="c13696311" Type="C"><Para><Text>S. 180 applied (15.8.1995) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/2049" id="c01960" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="2049">S.I. 1995/2049</Citation>, <CitationSubRef id="c01961" CitationRef="c01960" URI="http://www.legislation.gov.uk/id/uksi/1995/2049/regulation/25/3" Operative="true" SectionRef="regulation-25-3">reg. 25(3)</CitationSubRef></Text></Para></Commentary><Commentary id="c13696321" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c01962" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c. 45</Citation>. </Text></Para></Commentary><Commentary id="c13696331" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/66" id="c01963" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="66">1985 c. 66</Citation>. </Text></Para></Commentary><Commentary id="c13696361" Type="C"><Para><Text><CitationSubRef id="c01970" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/181" SectionRef="section-181">S. 181</CitationSubRef>: certain functions made exercisable (7.6.1992) jointly by the Secretary of State and the Treasury by <Citation URI="http://www.legislation.gov.uk/id/uksi/1992/1315" id="c01971" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="1315">S.I. 1992/1315</Citation>, <CitationSubRef id="c01972" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/4" CitationRef="c01971" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c01973" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/schedule/2/paragraph/7" Operative="true" CitationRef="c01971" SectionRef="schedule-2-paragraph-7">Sch. 2 para. 7</CitationSubRef> (with <CitationSubRef id="c01974" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/6" CitationRef="c01971" SectionRef="article-6">art. 6</CitationSubRef>).</Text></Para></Commentary><Commentary id="c13696371" Type="I"><Para><Text><CitationSubRef id="c01975" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/181" SectionRef="section-181">S. 181</CitationSubRef> wholly in force: s. 181 not in force at Royal Assent see <CitationSubRef id="c01976" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/215/1/2" SectionRef="section-215-1-2">s. 215(1)(2)</CitationSubRef>; <CitationSubRef id="c01977" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/181" SectionRef="section-181">s. 181</CitationSubRef> in force for certain purposes at 25.3.1991 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c01978" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c01979" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" CitationRef="c01978" SectionRef="article-2-2">art. 2(2)</CitationSubRef>; <CitationSubRef id="c01980" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/181" SectionRef="section-181">s. 181</CitationSubRef> wholly in force at 4.7.1995 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/1591" id="c01981" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="1591">S.I. 1995/1591</Citation>, <CitationSubRef id="c01982" URI="http://www.legislation.gov.uk/id/uksi/1995/1591/article/2" Operative="true" CitationRef="c01981" SectionRef="article-2">art. 2</CitationSubRef></Text></Para></Commentary><Commentary id="c13696381" Type="F"><Para><Text>Words in <CitationSubRef id="c01983" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/181/1" SectionRef="section-181-1">s. 181(1)</CitationSubRef> substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01984" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c01985" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c01984" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c01986" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/86/2" CitationRef="c01984" SectionRef="article-86-2">86(2)</CitationSubRef></Text></Para></Commentary><Commentary id="c13696391" Type="F"><Para><Text><CitationSubRef id="c01987" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/181/3" SectionRef="section-181-3">S. 181(3)</CitationSubRef> inserted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c01988" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c01989" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c01988" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c01990" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/86/3" CitationRef="c01988" SectionRef="article-86-3">86(3)</CitationSubRef></Text></Para></Commentary><Commentary id="c13696431" Type="I"><Para><Text>S. 182 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c01993" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c01994" CitationRef="c01993" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c01995" CitationRef="c01993" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13696441" Type="C"><Para><Text>S. 182 amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c01997" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c01998" CitationRef="c01997" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/19/1" Operative="true" SectionRef="regulation-19-1">reg. 19(1)</CitationSubRef></Text></Para></Commentary><Commentary id="c13696451" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c01999" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c. 45</Citation>. </Text></Para></Commentary><Commentary id="c13696471" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1889/39" id="c02001" Year="1889" Class="UnitedKingdomPublicGeneralAct" Number="39">1889 c. 39</Citation>. </Text></Para></Commentary><Commentary id="c13696531" Type="I"><Para><Text>S. 183 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c02004" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef CitationRef="c02004" id="c02005" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef CitationRef="c02004" id="c02006" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13696541" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c02007" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c. 45</Citation>. </Text></Para></Commentary><Commentary id="c13696551" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1982/27" id="c02008" Year="1982" Class="UnitedKingdomPublicGeneralAct" Number="27">1982 c. 27</Citation>. </Text></Para></Commentary><Commentary id="c13696581" Type="I"><Para><Text>S. 184 wholly in force at 1.10.1991; s. 184 in force for certain purposes on 25.3.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c02020" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c02021" CitationRef="c02020" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c02022" CitationRef="c02020" URI="http://www.legislation.gov.uk/id/uksi/1991/488/section/184" SectionRef="section-184">s. 184</CitationSubRef> in force for certain purposes on 25.4.1991 see <CitationSubRef id="c02023" CitationRef="c02020" URI="http://www.legislation.gov.uk/id/uksi/1991/488/section/215" SectionRef="section-215">s. 215</CitationSubRef> and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c02024" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c02025" CitationRef="c02024" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2/schedule" Operative="true" SectionRef="article-2-schedule">art. 2 Sch.</CitationSubRef>, <CitationSubRef id="c02026" CitationRef="c02024" URI="http://www.legislation.gov.uk/id/uksi/1991/878/section/184" SectionRef="section-184">s. 184</CitationSubRef> wholly in force at 1.10.1991 see <CitationSubRef id="c02027" CitationRef="c02024" URI="http://www.legislation.gov.uk/id/uksi/1991/878/section/I" SectionRef="section-I">S.I</CitationSubRef>. 1991/2173, art. 3</Text></Para></Commentary><Commentary id="c13696591" Type="F"><Para><Text>Words in s. 184(5) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02029" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02030" CitationRef="c02029" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02031" CitationRef="c02029" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/87" SectionRef="article-87">87</CitationSubRef></Text></Para></Commentary><Commentary id="c13696621" Type="I"><Para><Text>S. 185 wholly in force at 10.8.1998. In force for certain purposes at 25.3.1991 by s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c02033" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c02034" CitationRef="c02033" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, and for all remaining purposes at 10.8.1998 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1998/1747" id="c02035" Class="UnitedKingdomStatutoryInstrument" Year="1998" Number="1747">S.I. 1998/1747</Citation>, <CitationSubRef id="c02036" CitationRef="c02035" URI="http://www.legislation.gov.uk/id/uksi/1998/1747/article/2" Operative="true" SectionRef="article-2">art. 2</CitationSubRef></Text></Para></Commentary><Commentary id="c13696631" Type="C"><Para><Text>S. 185: certain functions made exercisable (7.6.1992) jointly by the Secretary of State and the Treasury by <Citation URI="http://www.legislation.gov.uk/id/uksi/1992/1315" id="c02038" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="1315">S.I. 1992/1315</Citation>, <CitationSubRef id="c02039" CitationRef="c02038" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c02040" CitationRef="c02038" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/schedule/2/paragraph/7" Operative="true" SectionRef="schedule-2-paragraph-7">Sch. 2 para. 7</CitationSubRef> (with <CitationSubRef id="c02041" CitationRef="c02038" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/6" SectionRef="article-6">art. 6</CitationSubRef>).</Text></Para></Commentary><Commentary id="c13696641" Type="F"><Para><Text>S. 185(4) inserted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02043" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02044" CitationRef="c02043" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02045" CitationRef="c02043" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/88" SectionRef="article-88">88</CitationSubRef></Text></Para></Commentary><Commentary id="c13696651" Type="C"><Para><Text>S. 186: certain functions made exercisable (7.6.1992) jointly by the Secretary of State and the Treasury by s.I. 1992/1315, art. 4, Sch. 2 para. 7 (with art. 6)</Text></Para></Commentary><Commentary id="c13696661" Type="I"><Para><Text>S.186 wholly in force at 10.8.1998. In force for certain purposes at 25.3.1991 by s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c02048" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c02049" CitationRef="c02048" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef> and for all remaining purposes at 8.10.1998 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1998/1747" id="c02050" Class="UnitedKingdomStatutoryInstrument" Year="1998" Number="1747">S.I. 1998/1747</Citation>, <CitationSubRef id="c02051" CitationRef="c02050" URI="http://www.legislation.gov.uk/id/uksi/1998/1747/article/2" Operative="true" SectionRef="article-2">art. 2</CitationSubRef></Text></Para></Commentary><Commentary id="c13696671" Type="C"><Para><Text>S. 187(1) amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c02053" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c02054" CitationRef="c02053" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/16/2" Operative="true" SectionRef="regulation-16-2">reg. 16(2)</CitationSubRef></Text></Para></Commentary><Commentary id="c13696681" Type="I"><Para><Text>S.187 wholly in force; s. 187(3) in force for certain purposes at 25.3.1991, s. 187 wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c02058" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c02059" CitationRef="c02058" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c02060" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c02061" CitationRef="c02060" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c02062" CitationRef="c02060" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13696691" Type="I"><Para><Text>S. 188 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c02065" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c02066" CitationRef="c02065" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c02067" CitationRef="c02065" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13696721" Type="I"><Para><Text>S. 189 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c02070" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c02071" CitationRef="c02070" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c02072" CitationRef="c02070" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13696741" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c02074" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c.45</Citation>. </Text></Para></Commentary><Commentary id="c13696841" Type="I"><Para><Text>S. 190 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c02077" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef CitationRef="c02077" id="c02078" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef CitationRef="c02077" id="c02079" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13696861" Type="F"><Para><Text>Definitions of “clearing house”, “investment”, “investment exchange” and “recognised” in s. 190(1) repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02083" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c02083" id="c02084" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c02083" id="c02085" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/89/3" SectionRef="article-89-3">89(3)</CitationSubRef></Text></Para></Commentary><Commentary id="c13696901" Type="F"><Para><Text>Definition of “The Stock Exchange” in s. 190(1) substituted (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02089" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c02089" id="c02090" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c02089" id="c02091" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/89/5" SectionRef="article-89-5">89(5)</CitationSubRef></Text></Para></Commentary><Commentary id="c13696911" Type="F"><Para><Text>S. 190(4) repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02093" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef CitationRef="c02093" id="c02094" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c02093" id="c02095" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/89/6" SectionRef="article-89-6">89(6)</CitationSubRef></Text></Para></Commentary><Commentary id="c13696951" Type="I"><Para><Text>S. 191 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c02100" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef CitationRef="c02100" id="c02101" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef CitationRef="c02100" id="c02102" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13693561" Type="C"><Para><Text><CitationSubRef id="c02109" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/VII" SectionRef="part-VII">Pt. VII</CitationSubRef> (ss. 154-191): functions of the Secretary of State transferred (7.6.1992) to the Treasury by <Citation URI="http://www.legislation.gov.uk/id/uksi/1992/1315" id="c02110" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="1315">S.I. 1992/1315</Citation>, <CitationSubRef id="c02111" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/2/1/c" Operative="true" CitationRef="c02110" SectionRef="article-2-1-c">art. 2(1)(c)</CitationSubRef> (with <CitationSubRef id="c02112" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/6" CitationRef="c02110" SectionRef="article-6">art. 6</CitationSubRef>)</Text></Para><Para><Text><CitationSubRef id="c02113" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/VII" SectionRef="part-VII">Pt. VII</CitationSubRef> (ss. 154-191) applied (E.W.S.) (15.8.1995) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/2049" id="c02114" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="2049">S.I. 1995/2049</Citation>, <CitationSubRef id="c02115" URI="http://www.legislation.gov.uk/id/uksi/1995/2049/regulation/3" Operative="true" CitationRef="c02114" SectionRef="regulation-3">reg.3</CitationSubRef>; and applied (with modifications) (E.W.S.) (15.8.1995) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/2049" id="c02116" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="2049">S.I. 1995/2049</Citation>, <CitationSubRef id="c02117" URI="http://www.legislation.gov.uk/id/uksi/1995/2049/regulation/3" Operative="true" CitationRef="c02116" SectionRef="regulation-3">regs.3</CitationSubRef>,4,5,19, 26; and applied (with modifications) (15.7.1996) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1996/1469" id="c02118" Class="UnitedKingdomStatutoryInstrument" Year="1996" Number="1469">S.I. 1996/1469</Citation>, <CitationSubRef id="c02119" URI="http://www.legislation.gov.uk/id/uksi/1996/1469/regulation/3" Operative="true" CitationRef="c02118" SectionRef="regulation-3">regs.3</CitationSubRef>, <CitationSubRef id="c02120" URI="http://www.legislation.gov.uk/id/uksi/1996/1469/regulation/4" CitationRef="c02118" SectionRef="regulation-4">4</CitationSubRef>, <CitationSubRef id="c02121" URI="http://www.legislation.gov.uk/id/uksi/1996/1469/regulation/5" CitationRef="c02118" SectionRef="regulation-5">5</CitationSubRef></Text></Para></Commentary><Commentary id="c13693571" Type="C"><Para><Text><CitationSubRef id="c02122" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/VII" SectionRef="part-VII">Pt. VII</CitationSubRef>: power to apply conferred (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2000/8" id="c02123" Year="2000" Class="UnitedKingdomPublicGeneralAct" Number="8">2000 c. 8</Citation>, <CitationSubRef id="c02124" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/301/1/a" Operative="true" CitationRef="c02123" SectionRef="section-301-1-a">s. 301(1)(a)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3538" id="c02125" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3538">S.I. 2001/3538</Citation>, <CitationSubRef id="c02126" URI="http://www.legislation.gov.uk/id/uksi/2001/3538/article/2/1" Operative="true" CitationRef="c02125" SectionRef="article-2-1">art. 2(1)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697091" Type="F"><Para><Text><CitationSubRef id="c02127" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/192" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/197" Type="group" StartSectionRef="section-192" EndSectionRef="section-197">Ss. 192-197</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02128" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02129" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c02128" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02130" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/i" CitationRef="c02128" SectionRef="article-75-i">75(i)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697151" Type="F"><Para><Text><CitationSubRef id="c02131" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/192" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/197" Type="group" StartSectionRef="section-192" EndSectionRef="section-197">Ss. 192-197</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02132" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02133" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c02132" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02134" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/i" CitationRef="c02132" SectionRef="article-75-i">75(i)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697161" Type="F"><Para><Text><CitationSubRef id="c02135" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/192" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/197" Type="group" StartSectionRef="section-192" EndSectionRef="section-197">Ss. 192-197</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02136" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02137" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c02136" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02138" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/i" CitationRef="c02136" SectionRef="article-75-i">75(i)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697181" Type="F"><Para><Text><CitationSubRef id="c02139" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/192" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/197" Type="group" StartSectionRef="section-192" EndSectionRef="section-197">Ss. 192-197</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02140" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02141" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c02140" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02142" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/i" CitationRef="c02140" SectionRef="article-75-i">75(i)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697201" Type="F"><Para><Text><CitationSubRef id="c02143" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/192" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/197" Type="group" StartSectionRef="section-192" EndSectionRef="section-197">Ss. 192-197</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02144" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02145" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c02144" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02146" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/i" CitationRef="c02144" SectionRef="article-75-i">75(i)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697221" Type="F"><Para><Text><CitationSubRef id="c02147" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/192" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/197" Type="group" StartSectionRef="section-192" EndSectionRef="section-197">Ss. 192-197</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02148" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02149" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c02148" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02150" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/i" CitationRef="c02148" SectionRef="article-75-i">75(i)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697231" Type="F"><Para><Text><CitationSubRef id="c02151" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/198" SectionRef="section-198">S. 198</CitationSubRef> repealed (19.6.1995) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/1537" id="c02152" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="1537">S.I. 1995/1537</Citation>, <CitationSubRef id="c02153" URI="http://www.legislation.gov.uk/id/uksi/1995/1537/regulation/1/1" CitationRef="c02152" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c02154" URI="http://www.legislation.gov.uk/id/uksi/1995/1537/regulation/17" CitationRef="c02152" SectionRef="regulation-17">17</CitationSubRef>, <CitationSubRef id="c02155" URI="http://www.legislation.gov.uk/id/uksi/1995/1537/schedule/2/part/II/paragraph/10" Operative="true" CitationRef="c02152" SectionRef="schedule-2-part-II-paragraph-10">Sch. 2 Pt. II para.10</CitationSubRef></Text></Para></Commentary><Commentary id="c13697251" Type="F"><Para><Text><CitationSubRef id="c02156" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/199" SectionRef="section-199">S. 199</CitationSubRef> repealed (19.6.1995) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/1537" id="c02157" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="1537">S.I. 1995/1537</Citation>, <CitationSubRef id="c02158" URI="http://www.legislation.gov.uk/id/uksi/1995/1537/regulation/1/1" CitationRef="c02157" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c02159" URI="http://www.legislation.gov.uk/id/uksi/1995/1537/regulation/17" CitationRef="c02157" SectionRef="regulation-17">17</CitationSubRef>, <CitationSubRef id="c02160" URI="http://www.legislation.gov.uk/id/uksi/1995/1537/schedule/2/part/II/paragraph/10" Operative="true" CitationRef="c02157" SectionRef="schedule-2-part-II-paragraph-10">Sch. 2 Pt. II para.10</CitationSubRef></Text></Para></Commentary><Commentary id="c13697271" Type="F"><Para><Text><CitationSubRef id="c02161" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/200/1" SectionRef="section-200-1">S. 200(1)</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02162" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02163" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c02162" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02164" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/j" CitationRef="c02162" SectionRef="article-75-j">75(j)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697281" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1982/27" id="c02165" Year="1982" Class="UnitedKingdomPublicGeneralAct" Number="27">1982 c. 27</Citation>. </Text></Para></Commentary><Commentary id="c13697301" Type="F"><Para><Text><CitationSubRef id="c02166" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/201" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/206" Type="group" StartSectionRef="section-201" EndSectionRef="section-206">Ss. 201-206</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02167" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02168" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c02167" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02169" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/k" CitationRef="c02167" SectionRef="article-75-k">75(k)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697321" Type="F"><Para><Text><CitationSubRef id="c02170" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/201" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/206" Type="group" StartSectionRef="section-201" EndSectionRef="section-206">Ss. 201-206</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02171" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02172" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c02171" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02173" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/k" CitationRef="c02171" SectionRef="article-75-k">75(k)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697341" Type="F"><Para><Text><CitationSubRef id="c02174" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/201" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/206" Type="group" StartSectionRef="section-201" EndSectionRef="section-206">Ss. 201-206</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02175" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02176" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c02175" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02177" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/k" CitationRef="c02175" SectionRef="article-75-k">75(k)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697391" Type="F"><Para><Text><CitationSubRef id="c02178" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/201" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/206" Type="group" StartSectionRef="section-201" EndSectionRef="section-206">Ss. 201-206</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02179" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02180" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c02179" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02181" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/k" CitationRef="c02179" SectionRef="article-75-k">75(k)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697411" Type="F"><Para><Text><CitationSubRef id="c02182" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/201" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/206" Type="group" StartSectionRef="section-201" EndSectionRef="section-206">Ss. 201-206</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02183" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02184" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c02183" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02185" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/k" CitationRef="c02183" SectionRef="article-75-k">75(k)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697431" Type="F"><Para><Text><CitationSubRef id="c02186" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/201" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/206" Type="group" StartSectionRef="section-201" EndSectionRef="section-206">Ss. 201-206</CitationSubRef> repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02187" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02188" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" CitationRef="c02187" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02189" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/k" CitationRef="c02187" SectionRef="article-75-k">75(k)</CitationSubRef></Text></Para></Commentary><Commentary id="c18770561" Type="F"><Para><Text><CitationSubRef id="c02190" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/207" SectionRef="section-207">S. 207</CitationSubRef> repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02191" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02192" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c02191" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02193" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c02191" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02194" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c02191" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02195" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02196" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" CitationRef="c02195" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02197" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" CitationRef="c02195" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02198" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" CitationRef="c02195" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02199" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" CitationRef="c02195" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13697441" Type="C"><Para><Text>Part IX (s. 207): functions of the Secretary of State transferred (7.6.1992) to the Treasury by <Citation URI="http://www.legislation.gov.uk/id/uksi/1992/1315" id="c02200" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="1315">S.I. 1992/1315</Citation>, <CitationSubRef id="c02201" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/2/1" Operative="true" CitationRef="c02200" SectionRef="article-2-1">art. 2(1)</CitationSubRef> (with <CitationSubRef id="c02202" URI="http://www.legislation.gov.uk/id/uksi/1992/1315/article/6" CitationRef="c02200" SectionRef="article-6">art. 6</CitationSubRef>).</Text></Para></Commentary><Commentary id="c13697511" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/46" id="c02203" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="46">1986 c. 46</Citation>. </Text></Para></Commentary><Commentary id="c13697521" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c02204" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c. 45</Citation>. </Text></Para></Commentary><Commentary id="c13697541" Type="F"><Para><Text>S. 209 repealed (1.3.1994) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1993/36" id="c02206" Year="1993" Class="UnitedKingdomPublicGeneralAct" Number="36">1993 c. 36</Citation>, <CitationSubRef id="c02207" CitationRef="c02206" URI="http://www.legislation.gov.uk/id/ukpga/1993/36/section/79/14" SectionRef="section-79-14">s. 79(14)</CitationSubRef>, <CitationSubRef id="c02208" CitationRef="c02206" URI="http://www.legislation.gov.uk/id/ukpga/1993/36/schedule/6/part/I" Operative="true" SectionRef="schedule-6-part-I">Sch. 6 Pt.I</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/1994/242" id="c02209" Class="UnitedKingdomStatutoryInstrument" Year="1994" Number="242">S.I. 1994/242</Citation>, <CitationSubRef id="c02210" CitationRef="c02209" URI="http://www.legislation.gov.uk/id/uksi/1994/242/article/2" Operative="true" SectionRef="article-2">art. 2</CitationSubRef>,Sch.</Text></Para></Commentary><Commentary id="c13697601" Type="I"><Para><Text>S. 211 wholly in force; s. 211(2)(3) in force at 31.7.1990 see S.I. 1990/1392; s. 211(1) in force at 1.10.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/1996" id="c02216" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="1996">S.I. 1991/1996</Citation>, <CitationSubRef id="c02217" CitationRef="c02216" URI="http://www.legislation.gov.uk/id/uksi/1991/1996/article/2/1/b" Operative="true" SectionRef="article-2-1-b">art. 2(1)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697611" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/53" id="c02218" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="53">1986 c. 53</Citation>. </Text></Para></Commentary><Commentary id="c13697621" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c02219" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c. 45</Citation>. </Text></Para></Commentary><Commentary id="c13697631" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/46" id="c02220" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="46">1986 c. 46</Citation>. </Text></Para></Commentary><Commentary id="c13697651" Type="I"><Para><Text>S. 212 partly in force: s. 212 partly in force at Royal Assent see s. 215(1)(2); s. 212 in force for certain purposes at 1.7.1991 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c02224" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c02225" CitationRef="c02224" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/4" Operative="true" SectionRef="article-2-4">art. 2(4)</CitationSubRef>; s. 212 partly in force for certain purposes at 1.10.1991 and 1.11.1991 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/1996" id="c02227" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="1996">S.I. 1991/1996</Citation>, <CitationSubRef id="c02228" CitationRef="c02227" URI="http://www.legislation.gov.uk/id/uksi/1991/1996/article/2/1/2" Operative="true" SectionRef="article-2-1-2">art. 2(1)(2)</CitationSubRef>; s. 212 in force for certain purposes at 3.7.1995 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/1352" id="c02230" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="1352">S.I. 1995/1352</Citation>, <CitationSubRef id="c02231" CitationRef="c02230" URI="http://www.legislation.gov.uk/id/uksi/1995/1352/article/3/c/i/ii" Operative="true" SectionRef="article-3-c-i-ii">art. 3(c)(i)(ii)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697661" Type="E"><Para><Text>For information relating to the extent of this section see s. 213</Text></Para></Commentary><Commentary id="c13697761" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c02234" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c. 45</Citation>. </Text></Para></Commentary><Commentary id="c13697771" Type="F"><Para><Text>S. 213(5)(b)(6) repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02236" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02237" CitationRef="c02236" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02238" CitationRef="c02236" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/l" SectionRef="article-75-l">75(l)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697791" Type="F"><Para><Text>Words in s. 213(7) repealed (2.12.1999) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/47" id="c02240" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="47">1998 c. 47</Citation>, <CitationSubRef id="c02241" CitationRef="c02240" URI="http://www.legislation.gov.uk/id/ukpga/1998/47/section/100/2" SectionRef="section-100-2">s. 100(2)</CitationSubRef>, <CitationSubRef id="c02242" CitationRef="c02240" URI="http://www.legislation.gov.uk/id/ukpga/1998/47/schedule/15" Operative="true" SectionRef="schedule-15">Sch. 15</CitationSubRef> (with <CitationSubRef id="c02243" CitationRef="c02240" URI="http://www.legislation.gov.uk/id/ukpga/1998/47/section/95" SectionRef="section-95">s. 95</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/1999/3209" id="c02244" Class="UnitedKingdomStatutoryInstrument" Year="1999" Number="3209">S.I. 1999/3209</Citation>, <CitationSubRef id="c02245" CitationRef="c02244" URI="http://www.legislation.gov.uk/id/uksi/1999/3209/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c02246" CitationRef="c02244" URI="http://www.legislation.gov.uk/id/uksi/1999/3209/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13697811" Type="F"><Para><Text>S. 214 repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02248" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02249" CitationRef="c02248" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02250" CitationRef="c02248" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/m" SectionRef="article-75-m">75(m)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697821" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/60" id="c02251" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="60">1986 c. 60</Citation>. </Text></Para></Commentary><Commentary id="c13697831" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1973/41" id="c02252" Year="1973" Class="UnitedKingdomPublicGeneralAct" Number="41">1973 c. 41</Citation>. </Text></Para></Commentary><Commentary id="c13697841" Type="P"><Para><Text>Power of appointment conferred by s. 215(2) partly exercised: <Citation URI="http://www.legislation.gov.uk/id/uksi/1990/98" id="c02253" Class="UnitedKingdomStatutoryInstrument" Year="1990" Number="98">S.I. 1990/98</Citation>, 142, 354, 355, 713, 1392, 1707, 2569</Text></Para><Para><Text>S. 215(2) power partly exercised: 1.1.2005 appointed for specified provisions by {<Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3322" id="c02255" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3322">S.I. 2004/3322</Citation>}, art. 2(1)</Text></Para></Commentary><Commentary id="c18770651" Type="F"><Para><Text>Sch. 1 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02257" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02258" CitationRef="c02257" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02259" CitationRef="c02257" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02260" CitationRef="c02257" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02261" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02262" CitationRef="c02261" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02263" CitationRef="c02261" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02264" CitationRef="c02261" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02265" CitationRef="c02261" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770661" Type="F"><Para><Text>Sch. 2 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02267" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02268" CitationRef="c02267" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02269" CitationRef="c02267" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02270" CitationRef="c02267" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02271" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02272" CitationRef="c02271" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02273" CitationRef="c02271" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02274" CitationRef="c02271" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02275" CitationRef="c02271" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770671" Type="F"><Para><Text>Sch. 3 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02277" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02278" CitationRef="c02277" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02279" CitationRef="c02277" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02280" CitationRef="c02277" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02281" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02282" CitationRef="c02281" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02283" CitationRef="c02281" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02284" CitationRef="c02281" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02285" CitationRef="c02281" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770681" Type="F"><Para><Text>Sch. 4 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02287" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02288" CitationRef="c02287" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02289" CitationRef="c02287" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02290" CitationRef="c02287" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02291" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02292" CitationRef="c02291" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02293" CitationRef="c02291" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02294" CitationRef="c02291" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02295" CitationRef="c02291" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770691" Type="F"><Para><Text>Sch. 5 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02297" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02298" CitationRef="c02297" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02299" CitationRef="c02297" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02300" CitationRef="c02297" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02301" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02302" CitationRef="c02301" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02303" CitationRef="c02301" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02304" CitationRef="c02301" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02305" CitationRef="c02301" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770701" Type="F"><Para><Text>Sch. 6 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02307" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02308" CitationRef="c02307" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02309" CitationRef="c02307" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02310" CitationRef="c02307" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02311" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02312" CitationRef="c02311" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02313" CitationRef="c02311" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02314" CitationRef="c02311" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02315" CitationRef="c02311" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770711" Type="F"><Para><Text>Sch. 7 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02317" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02318" CitationRef="c02317" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02319" CitationRef="c02317" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02320" CitationRef="c02317" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02321" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02322" CitationRef="c02321" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02323" CitationRef="c02321" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02324" CitationRef="c02321" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02325" CitationRef="c02321" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770721" Type="F"><Para><Text>Sch. 8 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02327" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02328" CitationRef="c02327" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02329" CitationRef="c02327" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02330" CitationRef="c02327" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02331" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02332" CitationRef="c02331" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02333" CitationRef="c02331" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02334" CitationRef="c02331" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02335" CitationRef="c02331" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770731" Type="F"><Para><Text>Sch. 9 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02337" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02338" CitationRef="c02337" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02339" CitationRef="c02337" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02340" CitationRef="c02337" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02341" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02342" CitationRef="c02341" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02343" CitationRef="c02341" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02344" CitationRef="c02341" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02345" CitationRef="c02341" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770901" Type="F"><Para><Text>Sch. 10 para. 2 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02352" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02353" CitationRef="c02352" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02354" CitationRef="c02352" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02355" CitationRef="c02352" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02356" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02357" CitationRef="c02356" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02358" CitationRef="c02356" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02359" CitationRef="c02356" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02360" CitationRef="c02356" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18765631" Type="F"><Para><Text>Sch. 10 para. 3 repealed (20.1.2007) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02362" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02363" CitationRef="c02362" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02364" CitationRef="c02362" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300" SectionRef="section-1300">1300</CitationSubRef>, <CitationSubRef id="c02365" CitationRef="c02362" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2006/3428" id="c02366" Class="UnitedKingdomStatutoryInstrument" Year="2006" Number="3428">S.I. 2006/3428</Citation>, <CitationSubRef id="c02367" CitationRef="c02366" URI="http://www.legislation.gov.uk/id/uksi/2006/3428/article/7/b" SectionRef="article-7-b" Operative="true">art. 7(b)</CitationSubRef>, <CitationSubRef id="c02368" CitationRef="c02366" URI="http://www.legislation.gov.uk/id/uksi/2006/3428/schedule/3/part/1" SectionRef="schedule-3-part-1">Sch. 3 Pt. 1</CitationSubRef></Text></Para></Commentary><Commentary id="c18770921" Type="F"><Para><Text>Sch. 10 para. 4 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02370" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02371" CitationRef="c02370" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02372" CitationRef="c02370" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02373" CitationRef="c02370" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02374" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02375" CitationRef="c02374" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02376" CitationRef="c02374" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02377" CitationRef="c02374" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02378" CitationRef="c02374" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770931" Type="F"><Para><Text>Sch. 10 para. 5 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02380" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02381" CitationRef="c02380" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02382" CitationRef="c02380" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02383" CitationRef="c02380" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02384" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02385" CitationRef="c02384" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02386" CitationRef="c02384" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02387" CitationRef="c02384" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02388" CitationRef="c02384" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18765641" Type="F"><Para><Text>Sch. 10 para. 6 repealed (20.1.2007) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02390" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02391" CitationRef="c02390" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02392" CitationRef="c02390" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300" SectionRef="section-1300">1300</CitationSubRef>, <CitationSubRef id="c02393" CitationRef="c02390" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2006/3428" id="c02394" Class="UnitedKingdomStatutoryInstrument" Year="2006" Number="3428">S.I. 2006/3428</Citation>, <CitationSubRef id="c02395" CitationRef="c02394" URI="http://www.legislation.gov.uk/id/uksi/2006/3428/article/7/b" SectionRef="article-7-b" Operative="true">art. 7(b)</CitationSubRef>, <CitationSubRef id="c02396" CitationRef="c02394" URI="http://www.legislation.gov.uk/id/uksi/2006/3428/schedule/3/part/1" SectionRef="schedule-3-part-1">Sch. 3 Pt. 1</CitationSubRef></Text></Para></Commentary><Commentary id="c18770951" Type="F"><Para><Text>Sch. 10 para. 7 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02398" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02399" CitationRef="c02398" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02400" CitationRef="c02398" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02401" CitationRef="c02398" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02402" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02403" CitationRef="c02402" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02404" CitationRef="c02402" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02405" CitationRef="c02402" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02406" CitationRef="c02402" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770961" Type="F"><Para><Text>Sch. 10 para. 8 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02408" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02409" CitationRef="c02408" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02410" CitationRef="c02408" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02411" CitationRef="c02408" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02412" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02413" CitationRef="c02412" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02414" CitationRef="c02412" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02415" CitationRef="c02412" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02416" CitationRef="c02412" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770981" Type="F"><Para><Text>Sch. 10 para. 10 repealed (1.10.2007) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02423" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02424" CitationRef="c02423" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02425" CitationRef="c02423" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02426" CitationRef="c02423" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/2194" id="c02427" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="2194">S.I. 2007/2194</Citation>. {art. 8}, Sch. 2 Pt. 1 (with art. 12, Sch. 3 (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/2607" id="c02428" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="2607">S.I. 2007/2607</Citation>, <CitationSubRef id="c02429" CitationRef="c02428" URI="http://www.legislation.gov.uk/id/uksi/2007/2607/article/1" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02430" CitationRef="c02428" URI="http://www.legislation.gov.uk/id/uksi/2007/2607/article/4" SectionRef="article-4">4</CitationSubRef> and <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02431" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02432" CitationRef="c02431" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/2/6" SectionRef="article-2-6">arts. 2(6)</CitationSubRef>, <CitationSubRef id="c02433" CitationRef="c02431" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/11" SectionRef="article-11">11</CitationSubRef>, <CitationSubRef id="c02434" CitationRef="c02431" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/5/paragraph/2/3" UpTo="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/5/paragraph/2/7" Type="group" StartSectionRef="schedule-5-paragraph-2-3" EndSectionRef="schedule-5-paragraph-2-7">Sch. 5 para. 2(3)-(7)</CitationSubRef>) and subject to Sch. 1)</Text></Para></Commentary><Commentary id="c13697921" Type="F"><Para><Text>Sch. 10 para. 11 repealed (28.2.1994) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1994/233" id="c02436" Class="UnitedKingdomStatutoryInstrument" Year="1994" Number="233">S.I. 1994/233</Citation>, <CitationSubRef id="c02437" CitationRef="c02436" URI="http://www.legislation.gov.uk/id/uksi/1994/233/regulation/1/2" Operative="true" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="c02438" CitationRef="c02436" URI="http://www.legislation.gov.uk/id/uksi/1994/233/regulation/6/5/b" SectionRef="regulation-6-5-b">6(5)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c18765651" Type="F"><Para><Text>Sch. 10 para. 14 repealed (20.1.2007) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02450" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02451" CitationRef="c02450" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02452" CitationRef="c02450" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300" SectionRef="section-1300">1300</CitationSubRef>, <CitationSubRef id="c02453" CitationRef="c02450" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2006/3428" id="c02454" Class="UnitedKingdomStatutoryInstrument" Year="2006" Number="3428">S.I. 2006/3428</Citation>, <CitationSubRef id="c02455" CitationRef="c02454" URI="http://www.legislation.gov.uk/id/uksi/2006/3428/article/7/b" SectionRef="article-7-b" Operative="true">art. 7(b)</CitationSubRef>, <CitationSubRef id="c02456" CitationRef="c02454" URI="http://www.legislation.gov.uk/id/uksi/2006/3428/schedule/3/part/1" SectionRef="schedule-3-part-1">Sch. 3 Pt. 1</CitationSubRef></Text></Para></Commentary><Commentary id="c18771071" Type="F"><Para><Text>Sch. 10 para. 19 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02477" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02478" CitationRef="c02477" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02479" CitationRef="c02477" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02480" CitationRef="c02477" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02481" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02482" CitationRef="c02481" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02483" CitationRef="c02481" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02484" CitationRef="c02481" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02485" CitationRef="c02481" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18771081" Type="F"><Para><Text>Sch. 10 para. 20 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02487" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02488" CitationRef="c02487" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02489" CitationRef="c02487" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02490" CitationRef="c02487" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02491" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02492" CitationRef="c02491" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02493" CitationRef="c02491" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02494" CitationRef="c02491" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02495" CitationRef="c02491" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18771091" Type="F"><Para><Text>Sch. 10 para. 21 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02497" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02498" CitationRef="c02497" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02499" CitationRef="c02497" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02500" CitationRef="c02497" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02501" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02502" CitationRef="c02501" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02503" CitationRef="c02501" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02504" CitationRef="c02501" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02505" CitationRef="c02501" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18771101" Type="F"><Para><Text>Sch. 10 para. 22 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02507" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02508" CitationRef="c02507" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02509" CitationRef="c02507" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02510" CitationRef="c02507" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02511" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02512" CitationRef="c02511" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02513" CitationRef="c02511" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02514" CitationRef="c02511" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02515" CitationRef="c02511" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18771111" Type="F"><Para><Text>Sch. 10 para. 23 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02517" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02518" CitationRef="c02517" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02519" CitationRef="c02517" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02520" CitationRef="c02517" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02521" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02522" CitationRef="c02521" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02523" CitationRef="c02521" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02524" CitationRef="c02521" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02525" CitationRef="c02521" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18763441" Type="F"><Para><Text>Sch. 10 para. 25 repealed (1.9.2007) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2005/19" id="c02532" Year="2005" Class="UnitedKingdomPublicGeneralAct" Number="19" Title="Gambling Act 2005">Gambling Act 2005 (c. 19)</Citation>, <CitationSubRef id="c02533" CitationRef="c02532" URI="http://www.legislation.gov.uk/id/ukpga/2005/19/section/356/4/5" SectionRef="section-356-4-5">ss. 356(4)(5)</CitationSubRef>, <CitationSubRef id="c02534" CitationRef="c02532" URI="http://www.legislation.gov.uk/id/ukpga/2005/19/section/358" SectionRef="section-358">358</CitationSubRef>, <CitationSubRef id="c02535" CitationRef="c02532" URI="http://www.legislation.gov.uk/id/ukpga/2005/19/schedule/17" SectionRef="schedule-17" Operative="true">Sch. 17</CitationSubRef> (with <CitationSubRef id="c02536" CitationRef="c02532" URI="http://www.legislation.gov.uk/id/ukpga/2005/19/section/352" SectionRef="section-352">ss. 352</CitationSubRef>, <CitationSubRef id="c02537" CitationRef="c02532" URI="http://www.legislation.gov.uk/id/ukpga/2005/19/section/354" SectionRef="section-354">354</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2006/3272" id="c02538" Class="UnitedKingdomStatutoryInstrument" Year="2006" Number="3272">S.I. 2006/3272</Citation>, <CitationSubRef id="c02539" CitationRef="c02538" URI="http://www.legislation.gov.uk/id/uksi/2006/3272/article/2/4" SectionRef="article-2-4" Operative="true">art. 2(4)</CitationSubRef> (with <CitationSubRef id="c02540" CitationRef="c02538" URI="http://www.legislation.gov.uk/id/uksi/2006/3272/schedule/4" SectionRef="schedule-4">Sch. 4</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13697931" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/6" id="c02541" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="6">1985 c. 6</Citation>. </Text></Para></Commentary><Commentary id="c18717431" Type="F"><Para><Text>Sch. 10 para. 27 repealed (27.3.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1994/21" id="c02543" Year="1994" Class="UnitedKingdomPublicGeneralAct" Number="21">1994 c. 21</Citation>, <CitationSubRef id="c02544" CitationRef="c02543" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/section/67" SectionRef="section-67">ss. 67</CitationSubRef>, <CitationSubRef id="c02545" CitationRef="c02543" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/section/68/3/b/c" SectionRef="section-68-3-b-c">68(3)(b)(c)</CitationSubRef>, <CitationSubRef id="c02546" CitationRef="c02543" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/schedule/11/part/IV" SectionRef="schedule-11-part-IV">Sch. 11 Pt. IV</CitationSubRef> (with <CitationSubRef id="c02547" CitationRef="c02543" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/section/40/7" SectionRef="section-40-7">s. 40(7)</CitationSubRef>, <CitationSubRef id="c02548" CitationRef="c02543" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/section/66" SectionRef="section-66">66</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/144" id="c02549" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="144">S.I. 2004/144</Citation>, <CitationSubRef id="c02550" CitationRef="c02549" URI="http://www.legislation.gov.uk/id/uksi/2004/144/article/3" SectionRef="article-3" Operative="true">art. 3</CitationSubRef></Text></Para></Commentary><Commentary id="c13697951" Type="F"><Para><Text>Sch. 10 para. 29 repealed (21.3.1997) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1995/24" id="c02552" Year="1995" Class="UnitedKingdomPublicGeneralAct" Number="24">1995 c. 24</Citation>, <CitationSubRef id="c02553" CitationRef="c02552" URI="http://www.legislation.gov.uk/id/ukpga/1995/24/section/13/2" SectionRef="section-13-2">s. 13(2)</CitationSubRef>, <CitationSubRef id="c02554" CitationRef="c02552" URI="http://www.legislation.gov.uk/id/ukpga/1995/24/schedule/2/part/I" Operative="true" SectionRef="schedule-2-part-I">Sch. 2 Pt.I</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/1997/1139" id="c02555" Class="UnitedKingdomStatutoryInstrument" Year="1997" Number="1139">S.I. 1997/1139</Citation>, <CitationSubRef id="c02556" CitationRef="c02555" URI="http://www.legislation.gov.uk/id/uksi/1997/1139/article/2" Operative="true" SectionRef="article-2">art.2</CitationSubRef></Text></Para></Commentary><Commentary id="c13697961" Type="F"><Para><Text>Sch. 10 para. 30 repealed (26.3.2001) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2000/26" id="c02558" Year="2000" Class="UnitedKingdomPublicGeneralAct" Number="26">2000 c. 26</Citation>, <CitationSubRef id="c02559" CitationRef="c02558" URI="http://www.legislation.gov.uk/id/ukpga/2000/26/section/127/6" SectionRef="section-127-6">s. 127(6)</CitationSubRef>, <CitationSubRef id="c02560" CitationRef="c02558" URI="http://www.legislation.gov.uk/id/ukpga/2000/26/schedule/9" Operative="true" SectionRef="schedule-9">Sch. 9</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/1148" id="c02561" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="1148">S.I. 2001/1148</Citation>, <CitationSubRef id="c02562" CitationRef="c02561" URI="http://www.legislation.gov.uk/id/uksi/2001/1148/article/2/2" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c02563" CitationRef="c02561" URI="http://www.legislation.gov.uk/id/uksi/2001/1148/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef> Table</Text></Para></Commentary><Commentary id="c13697971" Type="F"><Para><Text>Sch. 10 paras. 36, 37 repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02566" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02567" CitationRef="c02566" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02568" CitationRef="c02566" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/n" SectionRef="article-75-n">75(n)</CitationSubRef></Text></Para></Commentary><Commentary id="c13697981" Type="F"><Para><Text>Sch. 10 paras. 36, 37 repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c02571" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c02572" CitationRef="c02571" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02573" CitationRef="c02571" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/n" SectionRef="article-75-n">75(n)</CitationSubRef></Text></Para></Commentary><Commentary id="c13698001" Type="F"><Para><Text>Sch. 10 para. 38(2) repealed (19.3.1997) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1997/16" id="c02575" Year="1997" Class="UnitedKingdomPublicGeneralAct" Number="16">1997 c. 16</Citation>, <CitationSubRef id="c02576" CitationRef="c02575" URI="http://www.legislation.gov.uk/id/ukpga/1997/16/section/61/2/3" SectionRef="section-61-2-3">ss. 61(2)(3)</CitationSubRef>, <CitationSubRef id="c02577" CitationRef="c02575" URI="http://www.legislation.gov.uk/id/ukpga/1997/16/section/113" SectionRef="section-113">113</CitationSubRef>, <CitationSubRef id="c02578" CitationRef="c02575" URI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/18/part/VI/3" Operative="true" SectionRef="schedule-18-part-VI-3">Sch. 18 Pt. VI(3)</CitationSubRef> (with effect as mentioned in the Notes 1 and 2 at the end of Pt. VI(3), Note 2 providing that the repeal does not affect the repealed provision in relation to profit periods beginning before 1.1.2000 or for certain other purposes in relation to any such periods)</Text></Para></Commentary><Commentary id="c18756671" Type="F"><Para><Text>Sch. 10 para. 38(3) repealed (22.7.2004 with effect in accordance with <CitationSubRef id="c02580" CitationRef="c02581" URI="http://www.legislation.gov.uk/id/ukpga/2004/12/section/77" SectionRef="section-77">s. 77</CitationSubRef> of the amending Act) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/12" id="c02581" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="12" Title="Finance Act 2004">Finance Act 2004 (c. 12)</Citation>, <CitationSubRef id="c02582" CitationRef="c02581" URI="http://www.legislation.gov.uk/id/ukpga/2004/12/section/326" SectionRef="section-326">s. 326</CitationSubRef>, <CitationSubRef id="c02583" CitationRef="c02581" URI="http://www.legislation.gov.uk/id/ukpga/2004/12/schedule/42/part/2/7" SectionRef="schedule-42-part-2-7" Operative="true">Sch. 42 Pt. 2(7)</CitationSubRef></Text></Para></Commentary><Commentary id="c18770741" Type="F"><Para><Text>Sch. 11 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02585" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02586" CitationRef="c02585" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02587" CitationRef="c02585" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02588" CitationRef="c02585" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02589" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02590" CitationRef="c02589" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02591" CitationRef="c02589" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02592" CitationRef="c02589" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02593" CitationRef="c02589" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c02594" CitationRef="c02589" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/38/2" SectionRef="schedule-4-paragraph-38-2">Sch. 4 para. 38(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770751" Type="F"><Para><Text>Sch. 12 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02596" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02597" CitationRef="c02596" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02598" CitationRef="c02596" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02599" CitationRef="c02596" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02600" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02601" CitationRef="c02600" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02602" CitationRef="c02600" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02603" CitationRef="c02600" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02604" CitationRef="c02600" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c02605" CitationRef="c02600" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/38/2" SectionRef="schedule-4-paragraph-38-2">Sch. 4 para. 38(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18770761" Type="F"><Para><Text>Sch. 13 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c02607" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c02608" CitationRef="c02607" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c02609" CitationRef="c02607" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c02610" CitationRef="c02607" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02611" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02612" CitationRef="c02611" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02613" CitationRef="c02611" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02614" CitationRef="c02611" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02615" CitationRef="c02611" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c02616" CitationRef="c02611" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/4/paragraph/42" SectionRef="schedule-4-paragraph-42">Sch. 4 para. 42</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13698041" Type="F"><Para><Text>Words in Sch. 14 para. 1(1) substituted (1.4.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c02618" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c02619" CitationRef="c02618" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c02620" CitationRef="c02618" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c02621" CitationRef="c02618" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/25/paragraph/21/4/a/i" SectionRef="schedule-25-paragraph-21-4-a-i">Sch. 25 para. 21(4)(a)(i)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/766" id="c02622" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="766">S.I. 2003/766</Citation>, <CitationSubRef id="c02623" CitationRef="c02622" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c02624" CitationRef="c02622" URI="http://www.legislation.gov.uk/id/uksi/2003/766/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with transitional and transitory provision in <CitationSubRef id="c02625" CitationRef="c02622" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13698061" Type="F"><Para><Text>Words in Sch. 14 para. 1(2) substituted (1.4.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c02627" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c02628" CitationRef="c02627" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c02629" CitationRef="c02627" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c02630" CitationRef="c02627" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/25/paragraph/21/4/a/ii" SectionRef="schedule-25-paragraph-21-4-a-ii">Sch. 25 para. 21(4)(a)(ii)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/766" id="c02631" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="766">S.I. 2003/766</Citation>, <CitationSubRef id="c02632" CitationRef="c02631" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c02633" CitationRef="c02631" URI="http://www.legislation.gov.uk/id/uksi/2003/766/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with transitional and transitory provision in <CitationSubRef id="c02634" CitationRef="c02631" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13698081" Type="F"><Para><Text>Words in Sch. 14 para. 3 substituted (1.4.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c02636" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c02637" CitationRef="c02636" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c02638" CitationRef="c02636" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c02639" CitationRef="c02636" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/25/paragraph/21/4/b/i" SectionRef="schedule-25-paragraph-21-4-b-i">Sch. 25 para. 21(4)(b)(i)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/766" id="c02640" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="766">S.I. 2003/766</Citation>, <CitationSubRef id="c02641" CitationRef="c02640" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c02642" CitationRef="c02640" URI="http://www.legislation.gov.uk/id/uksi/2003/766/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with transitional and transitory provision in <CitationSubRef id="c02643" CitationRef="c02640" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13698091" Type="F"><Para><Text>Words in Sch. 14 para. 3(1) substituted (1.4.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c02645" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c02646" CitationRef="c02645" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c02647" CitationRef="c02645" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c02648" CitationRef="c02645" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/25/paragraph/21/4/b/ii" SectionRef="schedule-25-paragraph-21-4-b-ii">Sch. 25 para. 21(4)(b)(ii)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/766" id="c02649" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="766">S.I. 2003/766</Citation>, <CitationSubRef id="c02650" CitationRef="c02649" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c02651" CitationRef="c02649" URI="http://www.legislation.gov.uk/id/uksi/2003/766/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with transitional and transitory provision in <CitationSubRef id="c02652" CitationRef="c02649" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13698161" Type="F"><Para><Text>Word in Sch. 14 para. 3(3) substituted (1.4.2003 by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c02654" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c02655" CitationRef="c02654" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c02656" CitationRef="c02654" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c02657" CitationRef="c02654" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/25/paragraph/21/4/b/iii" SectionRef="schedule-25-paragraph-21-4-b-iii">Sch. 25 para. 21(4)(b)(iii)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/766" id="c02658" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="766">S.I. 2003/766</Citation>, <CitationSubRef id="c02659" CitationRef="c02658" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c02660" CitationRef="c02658" URI="http://www.legislation.gov.uk/id/uksi/2003/766/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with transitional and transitory provision in <CitationSubRef id="c02661" CitationRef="c02658" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13698181" Type="F"><Para><Text>Words in Sch. 14 para. 3(4) substituted (1.4.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c02663" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c02664" CitationRef="c02663" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c02665" CitationRef="c02663" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c02666" CitationRef="c02663" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/25/paragraph/21/4/b/iv" SectionRef="schedule-25-paragraph-21-4-b-iv">Sch. 25 para. 21(4)(b)(iv)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/766" id="c02667" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="766">S.I. 2003/766</Citation>, <CitationSubRef id="c02668" CitationRef="c02667" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c02669" CitationRef="c02667" URI="http://www.legislation.gov.uk/id/uksi/2003/766/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with transitional and transitory provision in <CitationSubRef id="c02670" CitationRef="c02667" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13698221" Type="F"><Para><Text>Words in Sch. 14 para. 4 substituted (1.4.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c02672" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c02673" CitationRef="c02672" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c02674" CitationRef="c02672" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c02675" CitationRef="c02672" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/25/paragraph/21/4/c/i" SectionRef="schedule-25-paragraph-21-4-c-i">Sch. 25 para. 21(4)(c)(i)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/766" id="c02676" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="766">S.I. 2003/766</Citation>, <CitationSubRef id="c02677" CitationRef="c02676" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c02678" CitationRef="c02676" URI="http://www.legislation.gov.uk/id/uksi/2003/766/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with transitional and transitory provision in <CitationSubRef id="c02679" CitationRef="c02676" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13698231" Type="F"><Para><Text>Word in Sch. 14 para. 4(1) substituted (1.4.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c02681" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c02682" CitationRef="c02681" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c02683" CitationRef="c02681" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c02684" CitationRef="c02681" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/25/paragraph/21/4/c/ii" SectionRef="schedule-25-paragraph-21-4-c-ii">Sch. 25 para. 21(4)(c)(ii)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/766" id="c02685" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="766">S.I. 2003/766</Citation>, <CitationSubRef id="c02686" CitationRef="c02685" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c02687" CitationRef="c02685" URI="http://www.legislation.gov.uk/id/uksi/2003/766/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with transitional and transitory provision in <CitationSubRef id="c02688" CitationRef="c02685" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13698261" Type="F"><Para><Text>Word in Sch. 14 para. 4(2) substituted (1.4.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c02690" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c02691" CitationRef="c02690" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c02692" CitationRef="c02690" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c02693" CitationRef="c02690" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/25/paragraph/21/4/c/iii" SectionRef="schedule-25-paragraph-21-4-c-iii">Sch. 25 para. 21(4)(c)(iii)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/766" id="c02694" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="766">S.I. 2003/766</Citation>, <CitationSubRef id="c02695" CitationRef="c02694" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c02696" CitationRef="c02694" URI="http://www.legislation.gov.uk/id/uksi/2003/766/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with transitional and transitory provision in <CitationSubRef id="c02697" CitationRef="c02694" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18710451" Type="F"><Para><Text>Sch. 14 para. 4(5) repealed (1.4.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c02699" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c02700" CitationRef="c02699" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c02701" CitationRef="c02699" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c02702" CitationRef="c02699" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/25/paragraph/21/4/c/iv" SectionRef="schedule-25-paragraph-21-4-c-iv">Sch. 25 para. 21(4)(c)(iv)</CitationSubRef>, <CitationSubRef id="c02703" CitationRef="c02699" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/766" id="c02704" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="766">S.I. 2003/766</Citation>, <CitationSubRef id="c02705" CitationRef="c02704" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c02706" CitationRef="c02704" URI="http://www.legislation.gov.uk/id/uksi/2003/766/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with transitional and transitory provision in <CitationSubRef id="c02707" CitationRef="c02704" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13698321" Type="F"><Para><Text>Sch. 14 para. 4A inserted (1.4.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c02709" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c02710" CitationRef="c02709" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c02711" CitationRef="c02709" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c02712" CitationRef="c02709" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/25/paragraph/21/4/d" SectionRef="schedule-25-paragraph-21-4-d">Sch. 25 para. 21(4)(d)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/766" id="c02713" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="766">S.I. 2003/766</Citation>, <CitationSubRef id="c02714" CitationRef="c02713" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c02715" CitationRef="c02713" URI="http://www.legislation.gov.uk/id/uksi/2003/766/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with transitional and transitory provision in <CitationSubRef id="c02716" CitationRef="c02713" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18756101" Type="F"><Para><Text>Sch. 14 para. 4A(6A) inserted (20.6.2003) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1398" id="c02718" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1398" Title="The Enterprise Act 2002 (Consequential and Supplemental Provisions) Order 2003">The Enterprise Act 2002 (Consequential and Supplemental Provisions) Order 2003 (S.I. 2003/1398)</Citation>, <CitationSubRef id="c02719" CitationRef="c02718" URI="http://www.legislation.gov.uk/id/uksi/2003/1398/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c02720" CitationRef="c02718" URI="http://www.legislation.gov.uk/id/uksi/2003/1398/schedule/paragraph/10/2" SectionRef="schedule-paragraph-10-2" Operative="true">Sch. para. 10(2)</CitationSubRef></Text></Para></Commentary><Commentary id="c13698331" Type="F"><Para><Text>Sch. 14 para. 4B inserted (1.4.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c02722" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c02723" CitationRef="c02722" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">s. 278</CitationSubRef>, <CitationSubRef id="c02724" CitationRef="c02722" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/25/paragraph/21/4/d" SectionRef="schedule-25-paragraph-21-4-d">Sch. 25 para. 21(4)(d)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/766" id="c02725" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="766">S.I. 2003/766</Citation>, <CitationSubRef id="c02726" CitationRef="c02725" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c02727" CitationRef="c02725" URI="http://www.legislation.gov.uk/id/uksi/2003/766/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with transitional and transitory provision in <CitationSubRef id="c02728" CitationRef="c02725" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13698341" Type="F"><Para><Text>Words in Sch. 14 para. 5 substituted (1.4.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c02730" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c02731" CitationRef="c02730" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c02732" CitationRef="c02730" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c02733" CitationRef="c02730" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/25/paragraph/21/4/e" SectionRef="schedule-25-paragraph-21-4-e">Sch. 25 para. 21(4)(e)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/766" id="c02734" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="766">S.I. 2003/766</Citation>, <CitationSubRef id="c02735" CitationRef="c02734" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c02736" CitationRef="c02734" URI="http://www.legislation.gov.uk/id/uksi/2003/766/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with transitional and transitory provision in <CitationSubRef id="c02737" CitationRef="c02734" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13698391" Type="F"><Para><Text>Word in Sch. 14 para. 6 substituted (1.4.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c02739" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c02740" CitationRef="c02739" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c02741" CitationRef="c02739" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c02742" CitationRef="c02739" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/25/paragraph/21/4/f" SectionRef="schedule-25-paragraph-21-4-f">Sch. 25 para. 21(4)(f)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/766" id="c02743" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="766">S.I. 2003/766</Citation>, <CitationSubRef id="c02744" CitationRef="c02743" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c02745" CitationRef="c02743" URI="http://www.legislation.gov.uk/id/uksi/2003/766/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with transitional and transitory provision in <CitationSubRef id="c02746" CitationRef="c02743" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13698411" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1988/36" id="c02747" Year="1988" Class="UnitedKingdomPublicGeneralAct" Number="36">1988 c. 36</Citation>. </Text></Para></Commentary><Commentary id="c13698421" Type="F"><Para><Text>Word in Sch. 14 para. 7 substituted (1.4.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c02749" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c02750" CitationRef="c02749" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c02751" CitationRef="c02749" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c02752" CitationRef="c02749" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/25/paragraph/21/4/f" SectionRef="schedule-25-paragraph-21-4-f">Sch. 25 para. 21(4)(f)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/766" id="c02753" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="766">S.I. 2003/766</Citation>, <CitationSubRef id="c02754" CitationRef="c02753" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c02755" CitationRef="c02753" URI="http://www.legislation.gov.uk/id/uksi/2003/766/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with transitional and transitory provision in <CitationSubRef id="c02756" CitationRef="c02753" URI="http://www.legislation.gov.uk/id/uksi/2003/766/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18755841" Type="F"><Para><Text>Sch. 14 para. 8 repealed (20.6.2003) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c02758" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c02759" CitationRef="c02758" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>,  <CitationSubRef id="c02760" CitationRef="c02758" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c02761" CitationRef="c02758" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/25/paragraph/21/4/g" SectionRef="schedule-25-paragraph-21-4-g">Sch. 25 para. 21(4)(g)</CitationSubRef>, <CitationSubRef id="c02762" CitationRef="c02758" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" Operative="true" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c02763" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, art. {2(1)}, Sch.</Text></Para></Commentary><Commentary id="c13698481" Type="F"><Para><Text>Sch. 14 para. 9 and cross-heading substituted (1.3.2000) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/41" id="c02765" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="41">1998 c. 41</Citation>, <CitationSubRef id="c02766" CitationRef="c02765" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/section/3/1/b" SectionRef="section-3-1-b">s. 3(1)(b)</CitationSubRef>, <CitationSubRef id="c02767" CitationRef="c02765" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/schedule/2/part/II/paragraph/2/2" Operative="true" SectionRef="schedule-2-part-II-paragraph-2-2">Sch. 2 Pt. II para. 2(2)</CitationSubRef> (with <CitationSubRef id="c02768" CitationRef="c02765" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/section/73" SectionRef="section-73">s. 73</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2000/344" id="c02769" Class="UnitedKingdomStatutoryInstrument" Year="2000" Number="344">S.I. 2000/344</Citation>, <CitationSubRef id="c02770" CitationRef="c02769" URI="http://www.legislation.gov.uk/id/uksi/2000/344/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c02771" CitationRef="c02769" URI="http://www.legislation.gov.uk/id/uksi/2000/344/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13698461" Type="F"><Para><Text>Sch. 14 para. 9 and cross-heading substituted (1.3.2000) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/41" id="c02773" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="41">1998 c. 41</Citation>, <CitationSubRef id="c02774" CitationRef="c02773" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/section/3/1/b" SectionRef="section-3-1-b">s. 3(1)(b)</CitationSubRef>, <CitationSubRef id="c02775" CitationRef="c02773" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/schedule/2/part/II/paragraph/2/2" Operative="true" SectionRef="schedule-2-part-II-paragraph-2-2">Sch. 2 Pt. II para. 2(2)</CitationSubRef> (with <CitationSubRef id="c02776" CitationRef="c02773" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/section/73" SectionRef="section-73">s. 73</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2000/344" id="c02777" Class="UnitedKingdomStatutoryInstrument" Year="2000" Number="344">S.I. 2000/344</Citation>, <CitationSubRef id="c02778" CitationRef="c02777" URI="http://www.legislation.gov.uk/id/uksi/2000/344/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c02779" CitationRef="c02777" URI="http://www.legislation.gov.uk/id/uksi/2000/344/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13698491" Type="F"><Para><Text>Sch. 14 para. 10 repealed (1.3.2000) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2000/311" id="c02781" Class="UnitedKingdomStatutoryInstrument" Year="2000" Number="311">S.I. 2000/311</Citation>, <CitationSubRef id="c02782" CitationRef="c02781" URI="http://www.legislation.gov.uk/id/uksi/2000/311/article/24/a" Operative="true" SectionRef="article-24-a">art. 24(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c18757491" Type="F"><Para><Text>Sch. 14 ceased to have effect (1.5.2004) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/1261" id="c02784" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="1261" Title="The Competition Act 1998 and Other Enactments (Amendment) Regulations 2004">The Competition Act 1998 and Other Enactments (Amendment) Regulations 2004 (S.I. 2004/1261)</Citation>, <CitationSubRef id="c02785" CitationRef="c02784" URI="http://www.legislation.gov.uk/id/uksi/2004/1261/regulation/5" SectionRef="regulation-5">reg. 5</CitationSubRef>, <CitationSubRef id="c02786" CitationRef="c02784" URI="http://www.legislation.gov.uk/id/uksi/2004/1261/schedule/2/paragraph/2/2" SectionRef="schedule-2-paragraph-2-2" Operative="true">Sch. 2 para. 2(2)</CitationSubRef> (with <CitationSubRef id="c02787" CitationRef="c02784" URI="http://www.legislation.gov.uk/id/uksi/2004/1261/regulation/6/2" SectionRef="regulation-6-2">reg. 6(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18756451" Type="F"><Para><Text>Sch. 18 paras. 2, 11, 19, 26 repealed (22.7.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/14" id="c02896" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="14" Title="Statute Law (Repeals) Act 2004">Statute Law (Repeals) Act 2004 (c. 14)</Citation>, <CitationSubRef id="c02897" CitationRef="c02896" URI="http://www.legislation.gov.uk/id/ukpga/2004/14/section/1/1" Operative="true" SectionRef="section-1-1">s. 1(1)</CitationSubRef>, {Sch. 1 Pt. 17 Group 5}</Text></Para></Commentary><Commentary id="c18756081" Type="F"><Para><Text>Sch. 18 para. 3 repealed (E.W.) (1.6.2004) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/3096" id="c02899" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="3096" Title="The Regulatory Reform (Business Tenancies) (England and Wales) Order 2003">The Regulatory Reform (Business Tenancies) (England and Wales) Order 2003 (S.I. 2003/3096)</Citation>, <CitationSubRef id="c02900" CitationRef="c02899" URI="http://www.legislation.gov.uk/id/uksi/2003/3096/article/28/2" SectionRef="article-28-2">art. 28(2)</CitationSubRef>, <CitationSubRef id="c02901" CitationRef="c02899" URI="http://www.legislation.gov.uk/id/uksi/2003/3096/schedule/6" SectionRef="schedule-6" Operative="true">Sch. 6</CitationSubRef></Text></Para></Commentary><Commentary id="c13698691" Type="F"><Para><Text>Sch. 18 para. 7 repealed (1.1.1996) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1995/23" id="c02903" Year="1995" Class="UnitedKingdomPublicGeneralAct" Number="23">1995 c. 23</Citation>, <CitationSubRef id="c02904" CitationRef="c02903" URI="http://www.legislation.gov.uk/id/ukpga/1995/23/section/60/2" SectionRef="section-60-2">s. 60(2)</CitationSubRef>, <CitationSubRef id="c02905" CitationRef="c02903" URI="http://www.legislation.gov.uk/id/ukpga/1995/23/schedule/8/part/I" Operative="true" SectionRef="schedule-8-part-I">Sch. 8 Pt.I</CitationSubRef> (with <CitationSubRef id="c02906" CitationRef="c02903" URI="http://www.legislation.gov.uk/id/ukpga/1995/23/section/54" SectionRef="section-54">ss. 54</CitationSubRef>, <CitationSubRef id="c02907" CitationRef="c02903" URI="http://www.legislation.gov.uk/id/ukpga/1995/23/section/55" SectionRef="section-55">55</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/2181" id="c02908" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="2181">S.I. 1995/2181</Citation>, <CitationSubRef id="c02909" CitationRef="c02908" URI="http://www.legislation.gov.uk/id/uksi/1995/2181/article/2" Operative="true" SectionRef="article-2">art.2</CitationSubRef></Text></Para></Commentary><Commentary id="c18717461" Type="F"><Para><Text>Sch. 18 para. 10 repealed (27.3.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1994/21" id="c02911" Year="1994" Class="UnitedKingdomPublicGeneralAct" Number="21">1994 c. 21</Citation>, <CitationSubRef id="c02912" CitationRef="c02911" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/section/67" SectionRef="section-67">ss. 67</CitationSubRef>, <CitationSubRef id="c02913" CitationRef="c02911" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/section/68/3/b/c" SectionRef="section-68-3-b-c">68(3)(b)(c)</CitationSubRef>, <CitationSubRef id="c02914" CitationRef="c02911" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/schedule/11/part/IV" SectionRef="schedule-11-part-IV">Sch. 11 Pt. IV</CitationSubRef> (with <CitationSubRef id="c02915" CitationRef="c02911" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/section/40/7" SectionRef="section-40-7">ss. 40(7)</CitationSubRef>, <CitationSubRef id="c02916" CitationRef="c02911" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/section/66" SectionRef="section-66">66</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/144" id="c02917" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="144">S.I. 2004/144</Citation>, <CitationSubRef id="c02918" CitationRef="c02917" URI="http://www.legislation.gov.uk/id/uksi/2004/144/article/3" SectionRef="article-3" Operative="true">art. 3</CitationSubRef></Text></Para></Commentary><Commentary id="c18756461" Type="F"><Para><Text>Sch. 18 paras. 2, 11, 19, 26 repealed (22.7.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/14" id="c02923" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="14" Title="Statute Law (Repeals) Act 2004">Statute Law (Repeals) Act 2004 (c. 14)</Citation>, <CitationSubRef id="c02924" CitationRef="c02923" URI="http://www.legislation.gov.uk/id/ukpga/2004/14/section/1/1" Operative="true" SectionRef="section-1-1">s. 1(1)</CitationSubRef>, {Sch. 1 Pt. 17 Group 5}</Text></Para></Commentary><Commentary id="c13698711" Type="F"><Para><Text>Sch. 18 para. 12 repealed (1.4.1991) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1990/35" id="c02926" Year="1990" Class="UnitedKingdomPublicGeneralAct" Number="35" Title="Enterprise and New Towns (Scotland) Act 1990">Enterprise and New Towns (Scotland) Act 1990 (c. 35, SIF 64)</Citation>, <CitationSubRef id="c02927" CitationRef="c02926" URI="http://www.legislation.gov.uk/id/ukpga/1990/35/section/38/2" SectionRef="section-38-2">s. 38(2)</CitationSubRef>, <CitationSubRef id="c02928" CitationRef="c02926" URI="http://www.legislation.gov.uk/id/ukpga/1990/35/schedule/5" Operative="true" SectionRef="schedule-5">Sch. 5 Part I</CitationSubRef></Text></Para></Commentary><Commentary id="c13698721" Type="F"><Para><Text>Sch. 18 para. 14 repealed (1.3.2000) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2000/311" id="c02930" Class="UnitedKingdomStatutoryInstrument" Year="2000" Number="311">S.I. 2000/311</Citation>, <CitationSubRef id="c02931" CitationRef="c02930" URI="http://www.legislation.gov.uk/id/uksi/2000/311/article/24/b" Operative="true" SectionRef="article-24-b">art. 24(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c18727971" Type="F"><Para><Text>Sch. 18 para. 18 repealed (27.3.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1994/21" id="c02933" Year="1994" Class="UnitedKingdomPublicGeneralAct" Number="21">1994 c. 21</Citation>, <CitationSubRef id="c02934" CitationRef="c02933" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/section/67" SectionRef="section-67">ss. 67</CitationSubRef>, <CitationSubRef id="c02935" CitationRef="c02933" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/section/68" SectionRef="section-68">68</CitationSubRef>, <CitationSubRef id="c02936" CitationRef="c02933" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/schedule/11/part/III" SectionRef="schedule-11-part-III">Sch. 11 Pt.III</CitationSubRef> (with <CitationSubRef id="c02937" CitationRef="c02933" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/section/40/7" SectionRef="section-40-7">ss. 40(7)</CitationSubRef>, <CitationSubRef id="c02938" CitationRef="c02933" URI="http://www.legislation.gov.uk/id/ukpga/1994/21/section/66" SectionRef="section-66">66</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/144" id="c02939" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="144">S.I. 2004/144</Citation>, <CitationSubRef id="c02940" CitationRef="c02939" URI="http://www.legislation.gov.uk/id/uksi/2004/144/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c02941" CitationRef="c02939" URI="http://www.legislation.gov.uk/id/uksi/2004/144/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c18756511" Type="F"><Para><Text>Sch. 18 paras. 2, 11, 19, 26 repealed (22.7.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/14" id="c02946" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="14" Title="Statute Law (Repeals) Act 2004">Statute Law (Repeals) Act 2004 (c. 14)</Citation>, <CitationSubRef id="c02947" CitationRef="c02946" URI="http://www.legislation.gov.uk/id/ukpga/2004/14/section/1/1" Operative="true" SectionRef="section-1-1">s. 1(1)</CitationSubRef>, {Sch. 1 Pt. 17 Group 5}</Text></Para></Commentary><Commentary id="c13698741" Type="F"><Para><Text>Sch. 18 para. 20 repealed (6.3.1992 with effect as mentioned in s. 289(1)(2) of the repealing Act) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1992/12" id="c02949" Year="1992" Class="UnitedKingdomPublicGeneralAct" Number="12" Title="Taxation of Chargeable Gains Act 1992">Taxation of Chargeable Gains Act 1992 (c. 12)</Citation>, <CitationSubRef id="c02950" CitationRef="c02949" URI="http://www.legislation.gov.uk/id/ukpga/1992/12/section/289" SectionRef="section-289">ss. 289</CitationSubRef>, <CitationSubRef id="c02951" CitationRef="c02949" URI="http://www.legislation.gov.uk/id/ukpga/1992/12/section/290" SectionRef="section-290">290</CitationSubRef>, <CitationSubRef id="c02952" CitationRef="c02949" URI="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/12" Operative="true" SectionRef="schedule-12">Sch.12</CitationSubRef> (with <CitationSubRef id="c02953" CitationRef="c02949" URI="http://www.legislation.gov.uk/id/ukpga/1992/12/section/201/3" SectionRef="section-201-3">s. 201(3)</CitationSubRef>, <CitationSubRef id="c02954" CitationRef="c02949" URI="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/11/paragraph/20" SectionRef="schedule-11-paragraph-20">Sch. 11 paras. 20</CitationSubRef>, <CitationSubRef id="c02955" CitationRef="c02949" URI="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/11/paragraph/22" SectionRef="schedule-11-paragraph-22">22</CitationSubRef>, <CitationSubRef id="c02956" CitationRef="c02949" URI="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/11/paragraph/26/2" SectionRef="schedule-11-paragraph-26-2">26(2)</CitationSubRef>, <CitationSubRef id="c02957" CitationRef="c02949" URI="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/11/paragraph/27" SectionRef="schedule-11-paragraph-27">27</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18756481" Type="F"><Para><Text>Sch. 18 paras. 2, 11, 19, 26 repealed (22.7.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/14" id="c02962" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="14" Title="Statute Law (Repeals) Act 2004">Statute Law (Repeals) Act 2004 (c. 14)</Citation>, <CitationSubRef id="c02963" CitationRef="c02962" URI="http://www.legislation.gov.uk/id/ukpga/2004/14/section/1/1" Operative="true" SectionRef="section-1-1">s. 1(1)</CitationSubRef>, {Sch. 1 Pt. 17 Group 5}</Text></Para></Commentary><Commentary id="c13698751" Type="F"><Para><Text>Sch. 18 para. 27 repealed (1.9.1994) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1994/23" id="c02965" Year="1994" Class="UnitedKingdomPublicGeneralAct" Number="23">1994 c. 23</Citation>, <CitationSubRef id="c02966" CitationRef="c02965" URI="http://www.legislation.gov.uk/id/ukpga/1994/23/section/100/2" SectionRef="section-100-2">ss. 100(2)</CitationSubRef>, <CitationSubRef id="c02967" CitationRef="c02965" URI="http://www.legislation.gov.uk/id/ukpga/1994/23/section/101/1" SectionRef="section-101-1">101(1)</CitationSubRef>, <CitationSubRef id="c02968" CitationRef="c02965" URI="http://www.legislation.gov.uk/id/ukpga/1994/23/schedule/15" Operative="true" SectionRef="schedule-15">Sch.15</CitationSubRef> (with <CitationSubRef id="c02969" CitationRef="c02965" URI="http://www.legislation.gov.uk/id/ukpga/1994/23/schedule/13/paragraph/2" SectionRef="schedule-13-paragraph-2">Sch. 13 para. 2</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18756191" Type="F"><Para><Text>Sch. 18 para. 28 repealed (25.7.2003 for specified purposes, 29.12.2003 for further specified purposes) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2003/21" id="c02971" Year="2003" Class="UnitedKingdomPublicGeneralAct" Number="21" Title="Communications Act 2003">Communications Act 2003 (c. 21)</Citation>, <CitationSubRef id="c02972" CitationRef="c02971" URI="http://www.legislation.gov.uk/id/ukpga/2003/21/section/406/7" SectionRef="section-406-7">ss. 406(7)</CitationSubRef>, <CitationSubRef id="c02973" CitationRef="c02971" URI="http://www.legislation.gov.uk/id/ukpga/2003/21/section/408" SectionRef="section-408">408</CitationSubRef>, <CitationSubRef id="c02974" CitationRef="c02971" URI="http://www.legislation.gov.uk/id/ukpga/2003/21/section/411" SectionRef="section-411">411</CitationSubRef>, <CitationSubRef id="c02975" CitationRef="c02971" URI="http://www.legislation.gov.uk/id/ukpga/2003/21/schedule/19/1" SectionRef="schedule-19-1" Operative="true">Sch. 19(1)</CitationSubRef> (with transitional provisions in <CitationSubRef id="c02976" CitationRef="c02971" URI="http://www.legislation.gov.uk/id/ukpga/2003/21/schedule/18" SectionRef="schedule-18">Sch. 18</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1900" id="c02977" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1900">S.I. 2003/1900</Citation>, <CitationSubRef id="c02978" CitationRef="c02977" URI="http://www.legislation.gov.uk/id/uksi/2003/1900/article/1/2" SectionRef="article-1-2">art. 1(2)</CitationSubRef>, <CitationSubRef id="c02979" CitationRef="c02977" URI="http://www.legislation.gov.uk/id/uksi/2003/1900/article/2/1" SectionRef="article-2-1" Operative="true">2(1)</CitationSubRef>, <CitationSubRef id="c02980" CitationRef="c02977" URI="http://www.legislation.gov.uk/id/uksi/2003/1900/article/3/1" SectionRef="article-3-1">3(1)</CitationSubRef>, <CitationSubRef id="c02981" CitationRef="c02977" URI="http://www.legislation.gov.uk/id/uksi/2003/1900/schedule/1" SectionRef="schedule-1">Sch. 1</CitationSubRef> (with <CitationSubRef id="c02982" CitationRef="c02977" URI="http://www.legislation.gov.uk/id/uksi/2003/1900/article/3/2" SectionRef="article-3-2">art. 3(2)</CitationSubRef> (as amended (<CitationSubRef id="c02983" CitationRef="c02977" URI="http://www.legislation.gov.uk/id/uksi/2003/1900/article/8" SectionRef="article-8">8</CitationSubRef>.<CitationSubRef id="c02984" CitationRef="c02977" URI="http://www.legislation.gov.uk/id/uksi/2003/1900/article/12" SectionRef="article-12">12</CitationSubRef>.<CitationSubRef id="c02985" CitationRef="c02977" URI="http://www.legislation.gov.uk/id/uksi/2003/1900/article/2003" SectionRef="article-2003">2003</CitationSubRef>) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/3142" id="c02986" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="3142">S.I. 2003/3142</Citation>, <CitationSubRef id="c02987" CitationRef="c02986" URI="http://www.legislation.gov.uk/id/uksi/2003/3142/article/1/3" SectionRef="article-1-3">art. 1(3)</CitationSubRef>)); <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/3142" id="c02988" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="3142">S.I. 2003/3142</Citation>, <CitationSubRef id="c02989" CitationRef="c02988" URI="http://www.legislation.gov.uk/id/uksi/2003/3142/article/3/2" SectionRef="article-3-2" Operative="true">art. 3(2)</CitationSubRef> (with <CitationSubRef id="c02990" CitationRef="c02988" URI="http://www.legislation.gov.uk/id/uksi/2003/3142/article/11" SectionRef="article-11">art. 11</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18756171" Type="F"><Para><Text>Sch. 18 para. 46 repealed (6.4.2003 with effect as mentioned in <CitationSubRef id="c03051" CitationRef="c03052" URI="http://www.legislation.gov.uk/id/ukpga/2003/1/section/723/1/a/b" SectionRef="section-723-1-a-b">s. 723(1)(a)(b)</CitationSubRef> of the amending Act (subject to Sch. 7)) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2003/1" id="c03052" Year="2003" Class="UnitedKingdomPublicGeneralAct" Number="1" Title="Income Tax (Earnings and Pensions) Act 2003">Income Tax (Earnings and Pensions) Act 2003 (c. 1)</Citation>, <CitationSubRef id="c03053" CitationRef="c03052" URI="http://www.legislation.gov.uk/id/ukpga/2003/1/section/723/1" SectionRef="section-723-1">ss. 723(1)</CitationSubRef>, <CitationSubRef id="c03054" CitationRef="c03052" URI="http://www.legislation.gov.uk/id/ukpga/2003/1/section/724" SectionRef="section-724">724</CitationSubRef>, <CitationSubRef id="c03055" CitationRef="c03052" URI="http://www.legislation.gov.uk/id/ukpga/2003/1/schedule/8/part/1" SectionRef="schedule-8-part-1" Operative="true">Sch. 8 Pt. 1</CitationSubRef></Text></Para></Commentary><Commentary id="c18771361" Type="F"><Para><Text>Sch. 19 para. 17 repealed (1.10.2007) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c03155" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c03156" CitationRef="c03155" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c03157" CitationRef="c03155" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c03158" CitationRef="c03155" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/2194" id="c03159" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="2194">S.I. 2007/2194</Citation>. {art. 8}, Sch. 2 Pt. 1 (with art. 12, Sch. 3 (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/2607" id="c03160" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="2607">S.I. 2007/2607</Citation>, <CitationSubRef id="c03161" CitationRef="c03160" URI="http://www.legislation.gov.uk/id/uksi/2007/2607/article/1" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c03162" CitationRef="c03160" URI="http://www.legislation.gov.uk/id/uksi/2007/2607/article/4" SectionRef="article-4">4</CitationSubRef> and <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c03163" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c03164" CitationRef="c03163" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/2/6" SectionRef="article-2-6">arts. 2(6)</CitationSubRef>, <CitationSubRef id="c03165" CitationRef="c03163" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/11" SectionRef="article-11">11</CitationSubRef>, <CitationSubRef id="c03166" CitationRef="c03163" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/5/paragraph/2/3" UpTo="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/5/paragraph/2/7" Type="group" StartSectionRef="schedule-5-paragraph-2-3" EndSectionRef="schedule-5-paragraph-2-7">Sch. 5 para. 2(3)-(7)</CitationSubRef>) and subject to Sch. 1)</Text></Para></Commentary><Commentary id="c18771371" Type="F"><Para><Text>Sch. 19 para. 18 repealed (6.4.2008) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c03168" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c03169" CitationRef="c03168" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c03170" CitationRef="c03168" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c03171" CitationRef="c03168" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c03172" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c03173" CitationRef="c03172" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c03174" CitationRef="c03172" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c03175" CitationRef="c03172" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c03176" CitationRef="c03172" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18756491" Type="F"><Para><Text>Sch. 20 paras. 1, 20 repealed (22.7.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/14" id="c03198" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="14" Title="Statute Law (Repeals) Act 2004">Statute Law (Repeals) Act 2004 (c. 14)</Citation>, <CitationSubRef id="c03199" CitationRef="c03198" URI="http://www.legislation.gov.uk/id/ukpga/2004/14/section/1/1" Operative="true" SectionRef="section-1-1">s. 1(1)</CitationSubRef>, {Sch. 1 Pt. 17 Group 5}</Text></Para></Commentary><Commentary id="c18756241" Type="F"><Para><Text>Sch. 20 para. 2 repealed (25.7.2003 for specified purposes, 29.12.2003 for further specified purposes) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2003/21" id="c03201" Year="2003" Class="UnitedKingdomPublicGeneralAct" Number="21" Title="Communications Act 2003">Communications Act 2003 (c. 21)</Citation>, <CitationSubRef id="c03202" CitationRef="c03201" URI="http://www.legislation.gov.uk/id/ukpga/2003/21/section/406/7" SectionRef="section-406-7">ss. 406(7)</CitationSubRef>, <CitationSubRef id="c03203" CitationRef="c03201" URI="http://www.legislation.gov.uk/id/ukpga/2003/21/section/411" SectionRef="section-411">411</CitationSubRef>, <CitationSubRef id="c03204" CitationRef="c03201" URI="http://www.legislation.gov.uk/id/ukpga/2003/21/schedule/19/1" SectionRef="schedule-19-1" Operative="true">Sch. 19(1)</CitationSubRef>,(with transitional provisions in Sch. 18); <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1900" id="c03205" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1900">S.I. 2003/1900</Citation>, <CitationSubRef id="c03206" CitationRef="c03205" URI="http://www.legislation.gov.uk/id/uksi/2003/1900/article/1/2" SectionRef="article-1-2">art. 1(2)</CitationSubRef>, <CitationSubRef id="c03207" CitationRef="c03205" URI="http://www.legislation.gov.uk/id/uksi/2003/1900/article/2/1" SectionRef="article-2-1" Operative="true">2(1)</CitationSubRef>, <CitationSubRef id="c03208" CitationRef="c03205" URI="http://www.legislation.gov.uk/id/uksi/2003/1900/article/3/1" SectionRef="article-3-1">3(1)</CitationSubRef>, <CitationSubRef id="c03209" CitationRef="c03205" URI="http://www.legislation.gov.uk/id/uksi/2003/1900/schedule/1" SectionRef="schedule-1">Sch. 1</CitationSubRef> (with <CitationSubRef id="c03210" CitationRef="c03205" URI="http://www.legislation.gov.uk/id/uksi/2003/1900/article/3/2" SectionRef="article-3-2">art. 3(2)</CitationSubRef> (as amended (<CitationSubRef id="c03211" CitationRef="c03205" URI="http://www.legislation.gov.uk/id/uksi/2003/1900/article/8" SectionRef="article-8">8</CitationSubRef>.<CitationSubRef id="c03212" CitationRef="c03205" URI="http://www.legislation.gov.uk/id/uksi/2003/1900/article/12" SectionRef="article-12">12</CitationSubRef>.<CitationSubRef id="c03213" CitationRef="c03205" URI="http://www.legislation.gov.uk/id/uksi/2003/1900/article/2003" SectionRef="article-2003">2003</CitationSubRef>) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/3142" id="c03214" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="3142">S.I. 2003/3142</Citation>, <CitationSubRef id="c03215" CitationRef="c03214" URI="http://www.legislation.gov.uk/id/uksi/2003/3142/article/1/3" SectionRef="article-1-3">art. 1(3)</CitationSubRef>)); <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/3142" id="c03216" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="3142">S.I. 2003/3142</Citation>, <CitationSubRef id="c03217" CitationRef="c03216" URI="http://www.legislation.gov.uk/id/uksi/2003/3142/article/3/2" SectionRef="article-3-2" Operative="true">art. 3(2)</CitationSubRef> (with <CitationSubRef id="c03218" CitationRef="c03216" URI="http://www.legislation.gov.uk/id/uksi/2003/3142/article/11" SectionRef="article-11">art. 11</CitationSubRef>) and Sch. 20 para. 2(2) expressed to be repealed (22.7.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/14" id="c03219" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="14" Title="Statute Law (Repeals) Act 2004">Statute Law (Repeals) Act 2004 (c. 14)</Citation>, <CitationSubRef id="c03220" CitationRef="c03219" URI="http://www.legislation.gov.uk/id/ukpga/2004/14/section/1/1" SectionRef="section-1-1">s. 1(1)</CitationSubRef>, {Sch. 1 Pt. 17 Group 5}</Text></Para></Commentary><Commentary id="c18717561" Type="F"><Para><Text>Sch. 20 para. 3 repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c03222" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c03223" CitationRef="c03222" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c03224" CitationRef="c03222" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c03225" CitationRef="c03222" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c03226" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c03227" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c03228" CitationRef="c03227" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c03229" CitationRef="c03227" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c03230" CitationRef="c03227" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18728011" Type="F"><Para><Text>Sch. 20 para. 4 repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c03232" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c03233" CitationRef="c03232" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c03234" CitationRef="c03232" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c03235" CitationRef="c03232" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c03236" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c03237" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c03238" CitationRef="c03237" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c03239" CitationRef="c03237" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c03240" CitationRef="c03237" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18728021" Type="F"><Para><Text>Sch. 20 para. 5 repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c03242" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c03243" CitationRef="c03242" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c03244" CitationRef="c03242" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c03245" CitationRef="c03242" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c03246" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c03247" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c03248" CitationRef="c03247" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c03249" CitationRef="c03247" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c03250" CitationRef="c03247" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18755391" Type="F"><Para><Text>Sch. 20 para. 6 repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c03252" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c03253" CitationRef="c03252" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c03254" CitationRef="c03252" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c03255" CitationRef="c03252" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c03256" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c03257" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c03258" CitationRef="c03257" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c03259" CitationRef="c03257" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c03260" CitationRef="c03257" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18755441" Type="F"><Para><Text>Sch. 20 para. 7 repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c03262" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c03263" CitationRef="c03262" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c03264" CitationRef="c03262" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c03265" CitationRef="c03262" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c03266" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c03267" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c03268" CitationRef="c03267" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c03269" CitationRef="c03267" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c03270" CitationRef="c03267" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18755471" Type="F"><Para><Text>Sch. 20 para. 8 repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c03272" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c03273" CitationRef="c03272" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c03274" CitationRef="c03272" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c03275" CitationRef="c03272" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c03276" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c03277" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c03278" CitationRef="c03277" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c03279" CitationRef="c03277" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c03280" CitationRef="c03277" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18755511" Type="F"><Para><Text>Sch. 20 para. 9 repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c03282" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c03283" CitationRef="c03282" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c03284" CitationRef="c03282" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c03285" CitationRef="c03282" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c03286" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c03287" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c03288" CitationRef="c03287" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c03289" CitationRef="c03287" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c03290" CitationRef="c03287" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18755531" Type="F"><Para><Text>Sch. 20 para. 10 repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c03292" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c03293" CitationRef="c03292" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c03294" CitationRef="c03292" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c03295" CitationRef="c03292" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c03296" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c03297" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c03298" CitationRef="c03297" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c03299" CitationRef="c03297" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c03300" CitationRef="c03297" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18755561" Type="F"><Para><Text>Sch. 20 para. 11 repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c03302" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c03303" CitationRef="c03302" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c03304" CitationRef="c03302" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c03305" CitationRef="c03302" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c03306" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c03307" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c03308" CitationRef="c03307" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c03309" CitationRef="c03307" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c03310" CitationRef="c03307" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18756141" Type="F"><Para><Text>Sch. 20 para. 12 repealed (29.12.2003) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/3180" id="c03312" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="3180" Title="The Enterprise Act 2002 and Media Mergers (Consequential Amendments) Order 2003">The Enterprise Act 2002 and Media Mergers (Consequential Amendments) Order 2003 (S.I. 2003/3180)</Citation>, <CitationSubRef id="c03313" CitationRef="c03312" URI="http://www.legislation.gov.uk/id/uksi/2003/3180/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c03314" CitationRef="c03312" URI="http://www.legislation.gov.uk/id/uksi/2003/3180/schedule/paragraph/4/2" SectionRef="schedule-paragraph-4-2" Operative="true">Sch. para. 4(2)</CitationSubRef> (with <CitationSubRef id="c03315" CitationRef="c03312" URI="http://www.legislation.gov.uk/id/uksi/2003/3180/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18756161" Type="F"><Para><Text>Sch. 20 para. 13(1) repealed (29.12.2003) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/3180" id="c03317" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="3180" Title="The Enterprise Act 2002 and Media Mergers (Consequential Amendments) Order 2003">The Enterprise Act 2002 and Media Mergers (Consequential Amendments) Order 2003 (S.I. 2003/3180)</Citation>, <CitationSubRef id="c03318" CitationRef="c03317" URI="http://www.legislation.gov.uk/id/uksi/2003/3180/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c03319" CitationRef="c03317" URI="http://www.legislation.gov.uk/id/uksi/2003/3180/schedule/paragraph/4/2" SectionRef="schedule-paragraph-4-2" Operative="true">Sch. para. 4(2)</CitationSubRef> (with <CitationSubRef id="c03320" CitationRef="c03317" URI="http://www.legislation.gov.uk/id/uksi/2003/3180/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18757681" Type="F"><Para><Text>Sch. 20 para. 13(2) repealed (22.7.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/14" id="c03322" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="14" Title="Statute Law (Repeals) Act 2004">Statute Law (Repeals) Act 2004 (c. 14)</Citation>, <CitationSubRef id="c03323" CitationRef="c03322" URI="http://www.legislation.gov.uk/id/ukpga/2004/14/section/1/1" Operative="true" SectionRef="section-1-1">s. 1(1)</CitationSubRef>, {Sch. 1 Pt. 17 Group 5}</Text></Para></Commentary><Commentary id="c18755701" Type="F"><Para><Text>Sch. 20 para. 14 repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c03325" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c03326" CitationRef="c03325" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c03327" CitationRef="c03325" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c03328" CitationRef="c03325" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c03329" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c03330" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c03331" CitationRef="c03330" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c03332" CitationRef="c03330" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c03333" CitationRef="c03330" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18755721" Type="F"><Para><Text>Sch. 20 para. 15 repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c03335" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c03336" CitationRef="c03335" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c03337" CitationRef="c03335" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c03338" CitationRef="c03335" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c03339" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c03340" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c03341" CitationRef="c03340" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c03342" CitationRef="c03340" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c03343" CitationRef="c03340" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18755731" Type="F"><Para><Text>Sch. 20 para. 16 repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c03345" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c03346" CitationRef="c03345" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c03347" CitationRef="c03345" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c03348" CitationRef="c03345" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c03349" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c03350" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c03351" CitationRef="c03350" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c03352" CitationRef="c03350" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c03353" CitationRef="c03350" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18755761" Type="F"><Para><Text>Sch. 20 para. 19 repealed (20.6.2003 for certain purposes and otherwise 29.12.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/40" id="c03355" Year="2002" Class="UnitedKingdomPublicGeneralAct" Number="40">2002 c. 40</Citation>, <CitationSubRef id="c03356" CitationRef="c03355" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278" SectionRef="section-278">ss. 278</CitationSubRef>, <CitationSubRef id="c03357" CitationRef="c03355" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279" SectionRef="section-279">279</CitationSubRef>, <CitationSubRef id="c03358" CitationRef="c03355" URI="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26" SectionRef="schedule-26">Sch. 26</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1397" id="c03359" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1397">S.I. 2003/1397</Citation>, arts. {2(1)}, 3(1), Sch.; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3233" id="c03360" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3233">S.I. 2004/3233</Citation>, <CitationSubRef id="c03361" CitationRef="c03360" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>, <CitationSubRef id="c03362" CitationRef="c03360" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/schedule" SectionRef="schedule">Sch.</CitationSubRef> (with <CitationSubRef id="c03363" CitationRef="c03360" URI="http://www.legislation.gov.uk/id/uksi/2004/3233/article/3" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3233/article/5" Type="group" StartSectionRef="article-3" EndSectionRef="article-5">arts. 3-5</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18756501" Type="F"><Para><Text>Sch. 20 paras. 1, 20 repealed (22.7.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/14" id="c03366" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="14" Title="Statute Law (Repeals) Act 2004">Statute Law (Repeals) Act 2004 (c. 14)</Citation>, <CitationSubRef id="c03367" CitationRef="c03366" URI="http://www.legislation.gov.uk/id/ukpga/2004/14/section/1/1" Operative="true" SectionRef="section-1-1">s. 1(1)</CitationSubRef>, {Sch. 1 Pt. 17 Group 5}</Text></Para></Commentary><Commentary id="c13699031" Type="F"><Para><Text>Sch. 20 paras. 21-24 repealed (1.3.2000) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/41" id="c03369" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="41">1998 c. 41</Citation>, <CitationSubRef id="c03370" CitationRef="c03369" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/section/74/1/3" SectionRef="section-74-1-3">s. 74(1)(3)</CitationSubRef>, <CitationSubRef id="c03371" CitationRef="c03369" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/schedule/12/paragraph/13" SectionRef="schedule-12-paragraph-13">Sch. 12 para. 13</CitationSubRef>, <CitationSubRef id="c03372" CitationRef="c03369" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/schedule/14/part/I" Operative="true" SectionRef="schedule-14-part-I">Sch. 14 Pt.I</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2000/344" id="c03373" Class="UnitedKingdomStatutoryInstrument" Year="2000" Number="344">S.I. 2000/344</Citation>, <CitationSubRef id="c03374" CitationRef="c03373" URI="http://www.legislation.gov.uk/id/uksi/2000/344/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c03375" CitationRef="c03373" URI="http://www.legislation.gov.uk/id/uksi/2000/344/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699041" Type="F"><Para><Text>Sch. 20 paras. 21-24 repealed (1.3.2000) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/41" id="c03377" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="41">1998 c. 41</Citation>, <CitationSubRef id="c03378" CitationRef="c03377" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/section/74/1/3" SectionRef="section-74-1-3">s. 74(1)(3)</CitationSubRef>, <CitationSubRef id="c03379" CitationRef="c03377" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/schedule/12/paragraph/13" SectionRef="schedule-12-paragraph-13">Sch. 12 para. 13</CitationSubRef>, <CitationSubRef id="c03380" CitationRef="c03377" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/schedule/14/part/I" Operative="true" SectionRef="schedule-14-part-I">Sch. 14 Pt.I</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2000/344" id="c03381" Class="UnitedKingdomStatutoryInstrument" Year="2000" Number="344">S.I. 2000/344</Citation>, <CitationSubRef id="c03382" CitationRef="c03381" URI="http://www.legislation.gov.uk/id/uksi/2000/344/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c03383" CitationRef="c03381" URI="http://www.legislation.gov.uk/id/uksi/2000/344/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699051" Type="F"><Para><Text>Sch. 20 paras. 21-24 repealed (1.3.2000) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/41" id="c03385" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="41">1998 c. 41</Citation>, <CitationSubRef id="c03386" CitationRef="c03385" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/section/74/1/3" SectionRef="section-74-1-3">s. 74(1)(3)</CitationSubRef>, <CitationSubRef id="c03387" CitationRef="c03385" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/schedule/12/paragraph/13" SectionRef="schedule-12-paragraph-13">Sch. 12 para. 13</CitationSubRef>, <CitationSubRef id="c03388" CitationRef="c03385" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/schedule/14/part/I" Operative="true" SectionRef="schedule-14-part-I">Sch. 14 Pt.I</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2000/344" id="c03389" Class="UnitedKingdomStatutoryInstrument" Year="2000" Number="344">S.I. 2000/344</Citation>, <CitationSubRef id="c03390" CitationRef="c03389" URI="http://www.legislation.gov.uk/id/uksi/2000/344/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c03391" CitationRef="c03389" URI="http://www.legislation.gov.uk/id/uksi/2000/344/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699061" Type="F"><Para><Text>Sch. 20 paras. 21-24 repealed (1.3.2000) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/41" id="c03393" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="41">1998 c. 41</Citation>, <CitationSubRef id="c03394" CitationRef="c03393" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/section/74/1/3" SectionRef="section-74-1-3">s. 74(1)(3)</CitationSubRef>, <CitationSubRef id="c03395" CitationRef="c03393" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/schedule/12/paragraph/13" SectionRef="schedule-12-paragraph-13">Sch. 12 para. 13</CitationSubRef>, <CitationSubRef id="c03396" CitationRef="c03393" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/schedule/14/part/I" Operative="true" SectionRef="schedule-14-part-I">Sch. 14 Pt.I</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2000/344" id="c03397" Class="UnitedKingdomStatutoryInstrument" Year="2000" Number="344">S.I. 2000/344</Citation>, <CitationSubRef id="c03398" CitationRef="c03397" URI="http://www.legislation.gov.uk/id/uksi/2000/344/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c03399" CitationRef="c03397" URI="http://www.legislation.gov.uk/id/uksi/2000/344/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699071" Type="F"><Para><Text>Sch. 20 para. 26 repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c03401" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c03402" CitationRef="c03401" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c03403" CitationRef="c03401" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/o" SectionRef="article-75-o">75(o)</CitationSubRef></Text></Para></Commentary><Commentary id="c13699081" Type="F"><Para><Text>Sch. 21 repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c03405" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c03406" CitationRef="c03405" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c03407" CitationRef="c03405" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/p" SectionRef="article-75-p">75(p)</CitationSubRef></Text></Para></Commentary><Commentary id="c13699321" Type="F"><Para><Text>Sch. 22 repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c03409" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c03410" CitationRef="c03409" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c03411" CitationRef="c03409" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/q" SectionRef="article-75-q">75(q)</CitationSubRef></Text></Para></Commentary><Commentary id="c13699601" Type="F"><Para><Text>Sch. 23 repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="c03413" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649">S.I. 2001/3649</Citation>, <CitationSubRef id="c03414" CitationRef="c03413" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c03415" CitationRef="c03413" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/75/r" SectionRef="article-75-r">75(r)</CitationSubRef></Text></Para></Commentary><Commentary id="c13699771" Type="C"><Para><Text>Sch. 24 restricted by <Citation URI="http://www.legislation.gov.uk/id/uksi/1990/354" id="c03417" Class="UnitedKingdomStatutoryInstrument" Year="1990" Number="354">S.I. 1990/354</Citation>, <CitationSubRef id="c03418" CitationRef="c03417" URI="http://www.legislation.gov.uk/id/uksi/1990/354/article/6/4" Operative="true" SectionRef="article-6-4">art. 6(4)</CitationSubRef></Text></Para></Commentary><Commentary id="c13699781" Type="I"><Para><Text>Sch. 24 partly in force: Sch. 24 in force for certain purposes at 1.7.1991 by s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c03420" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c03421" CitationRef="c03420" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/4" Operative="true" SectionRef="article-2-4">art. 2(4)</CitationSubRef>; Sch. 24 partly in force for certain purposes at 1.10.1991 and 1.11.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/1996" id="c03424" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="1996">S.I. 1991/1996</Citation>, <CitationSubRef id="c03425" CitationRef="c03424" URI="http://www.legislation.gov.uk/id/uksi/1991/1996/article/2/1/2" Operative="true" SectionRef="article-2-1-2">art. 2(1)(2)</CitationSubRef>; Sch. 24 in force for certain purposes at 3.7.1995 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/1352" id="c03428" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="1352">S.I. 1995/1352</Citation>, <CitationSubRef id="c03429" CitationRef="c03428" URI="http://www.legislation.gov.uk/id/uksi/1995/1352/article/3/c/i/ii" Operative="true" SectionRef="article-3-c-i-ii">art. 3(c)(i)(ii)</CitationSubRef></Text></Para></Commentary><Commentary id="c19701911" Type="F"><Para><Text><CitationSubRef id="c04566" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/114" SectionRef="section-114">S. 114</CitationSubRef> repealed (1.10.2007 for s. 114(1) and otherwise prosp.) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c04567" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c04568" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1295" CitationRef="c04567" SectionRef="section-1295">ss. 1295</CitationSubRef>, <CitationSubRef id="c04569" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" CitationRef="c04567" SectionRef="section-1300-2">1300(2)</CitationSubRef>, <CitationSubRef id="c04570" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" CitationRef="c04567" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/2194" id="c04571" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="2194">S.I. 2007/2194</Citation>. {art. 8}, Sch. 2 Pt. 1 (with art. 12, Sch. 3 (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/2607" id="c04572" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="2607">S.I. 2007/2607</Citation>, <CitationSubRef id="c04573" URI="http://www.legislation.gov.uk/id/uksi/2007/2607/article/1" CitationRef="c04572" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c04574" URI="http://www.legislation.gov.uk/id/uksi/2007/2607/article/4" CitationRef="c04572" SectionRef="article-4">4</CitationSubRef> and <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c04575" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c04576" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/2/6" CitationRef="c04575" SectionRef="article-2-6">arts. 2(6)</CitationSubRef>, <CitationSubRef id="c04577" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/11" CitationRef="c04575" SectionRef="article-11">11</CitationSubRef>, <CitationSubRef id="c04578" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/5/paragraph/2/3" UpTo="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/5/paragraph/2/7" CitationRef="c04575" Type="group" StartSectionRef="schedule-5-paragraph-2-3" EndSectionRef="schedule-5-paragraph-2-7">Sch. 5 para. 2(3)-(7)</CitationSubRef>) and subject to Sch. 1)</Text></Para></Commentary><Commentary id="c13697551" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1975/75" id="c05209" Year="1975" Class="UnitedKingdomPublicGeneralAct" Number="75">1975 c. 75</Citation>. </Text></Para></Commentary><Commentary id="c13697561" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1982/50" id="c05210" Year="1982" Class="UnitedKingdomPublicGeneralAct" Number="50">1982 c. 50</Citation>. </Text></Para></Commentary><Commentary id="c13697851" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/6" id="c05232" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="6">1985 c. 6</Citation>. </Text></Para></Commentary><Commentary id="c18757621" Type="F"><Para><Text>Sch. 4 para. 4(3) repealed (22.7.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/14" id="c05234" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="14" Title="Statute Law (Repeals) Act 2004">Statute Law (Repeals) Act 2004 (c. 14)</Citation>, <CitationSubRef id="c05235" CitationRef="c05234" URI="http://www.legislation.gov.uk/id/ukpga/2004/14/section/1/1" Operative="true" SectionRef="section-1-1">s. 1(1)</CitationSubRef>, {Sch. 1 Pt. 17 Group 5}</Text></Para></Commentary><Commentary id="c18756441" Type="F"><Para><Text>Sch. 4 para. 7 repealed (22.7.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/14" id="c05237" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="14" Title="Statute Law (Repeals) Act 2004">Statute Law (Repeals) Act 2004 (c. 14)</Citation>, <CitationSubRef id="c05238" CitationRef="c05237" URI="http://www.legislation.gov.uk/id/ukpga/2004/14/section/1/1" Operative="true" SectionRef="section-1-1">s. 1(1)</CitationSubRef>, {Sch. 1 Pt. 17 Group 5}</Text></Para></Commentary><Commentary id="c13697861" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/6" id="c05239" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="6">1985 c. 6</Citation>. </Text></Para></Commentary><Commentary id="c18757631" Type="F"><Para><Text>Sch. 5 para. 2(1) repealed (22.7.2004) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/14" id="c05241" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="14" Title="Statute Law (Repeals) Act 2004">Statute Law (Repeals) Act 2004 (c. 14)</Citation>, <CitationSubRef id="c05242" CitationRef="c05241" URI="http://www.legislation.gov.uk/id/ukpga/2004/14/section/1/1" Operative="true" SectionRef="section-1-1">s. 1(1)</CitationSubRef>, {Sch. 1 Pt. 17 Group 5}</Text></Para></Commentary><Commentary id="c13697871" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/6" id="c05243" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="6">1985 c. 6</Citation>. </Text></Para></Commentary><Commentary id="c13697881" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/6" id="c05244" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="6">1985 c. 6</Citation>. </Text></Para></Commentary><Commentary id="c13697891" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1987/22" id="c05245" Year="1987" Class="UnitedKingdomPublicGeneralAct" Number="22">1987 c. 22</Citation>. </Text></Para></Commentary><Commentary id="c13697901" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1987/22" id="c05246" Year="1987" Class="UnitedKingdomPublicGeneralAct" Number="22">1987 c. 22</Citation>. </Text></Para></Commentary><Commentary id="c18759561" Type="F"><Para><Text>Sch. 11 para. 7(1A) inserted (6.4.2005) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/27" id="c05254" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="27" Title="Companies (Audit, Investigations and Community Enterprise) Act 2004">Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27)</Citation>, <CitationSubRef id="c05255" CitationRef="c05254" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/1/2" SectionRef="section-1-2" Operative="true">ss. 1(2)</CitationSubRef>, <CitationSubRef id="c05256" CitationRef="c05254" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/65" SectionRef="section-65">65</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3322" id="c05257" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3322">S.I. 2004/3322</Citation>, <CitationSubRef id="c05258" CitationRef="c05257" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/2/2" SectionRef="article-2-2" Operative="true">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05259" CitationRef="c05257" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef> (subject to transitional provisions in <CitationSubRef id="c05260" CitationRef="c05257" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/4" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3322/article/13" Type="group" StartSectionRef="article-4" EndSectionRef="article-13">arts. 4-13</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18759621" Type="F"><Para><Text>Sch. 11 para. 8 renumbered as Sch. 11 para. 8(1) (6.4.2005) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/27" id="c05262" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="27" Title="Companies (Audit, Investigations and Community Enterprise) Act 2004">Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27)</Citation>, <CitationSubRef id="c05263" CitationRef="c05262" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/1/3" SectionRef="section-1-3" Operative="true">ss. 1(3)</CitationSubRef>, <CitationSubRef id="c05264" CitationRef="c05262" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/65" SectionRef="section-65">65</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3322" id="c05265" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3322">S.I. 2004/3322</Citation>, <CitationSubRef id="c05266" CitationRef="c05265" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/2/2" SectionRef="article-2-2" Operative="true">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05267" CitationRef="c05265" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef> (subject to transitional provisions in <CitationSubRef id="c05268" CitationRef="c05265" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/4" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3322/article/13" Type="group" StartSectionRef="article-4" EndSectionRef="article-13">arts. 4-13</CitationSubRef>)</Text></Para></Commentary><Commentary id="c18759631" Type="F"><Para><Text>Sch. 11 para. 8(2) inserted (6.4.2005) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/27" id="c05270" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="27" Title="Companies (Audit, Investigations and Community Enterprise) Act 2004">Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27)</Citation>, <CitationSubRef id="c05271" CitationRef="c05270" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/1/3" SectionRef="section-1-3" Operative="true">ss. 1(3)</CitationSubRef>, <CitationSubRef id="c05272" CitationRef="c05270" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/65" SectionRef="section-65">65</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3322" id="c05273" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3322">S.I. 2004/3322</Citation>, <CitationSubRef id="c05274" CitationRef="c05273" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/2/2" SectionRef="article-2-2" Operative="true">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05275" CitationRef="c05273" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef> (subject to transitional provisions in <CitationSubRef id="c05276" CitationRef="c05273" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/4" UpTo="http://www.legislation.gov.uk/id/uksi/2004/3322/article/13" Type="group" StartSectionRef="article-4" EndSectionRef="article-13">arts. 4-13</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13698021" Type="C"><Para><Text>Sch. 11 Pt. II amended (1.10.1991) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/824" id="c05278" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="824">S.I. 1991/824</Citation>, <CitationSubRef id="c05279" CitationRef="c05278" URI="http://www.legislation.gov.uk/id/uksi/1991/824/regulation/1/2/a" Operative="true" SectionRef="regulation-1-2-a">regs. 1(2)(a)</CitationSubRef>, <CitationSubRef id="c05280" CitationRef="c05278" URI="http://www.legislation.gov.uk/id/uksi/1991/824/regulation/11/6" SectionRef="regulation-11-6">11(6)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/1996" id="c05281" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="1996">S.I. 1991/1996</Citation>, <CitationSubRef id="c05282" CitationRef="c05281" URI="http://www.legislation.gov.uk/id/uksi/1991/1996/article/2/1/a" Operative="true" SectionRef="article-2-1-a">art. 2(1)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="c18763341" Type="C"><Para><Text>Sch. 11 Pt. II excluded (1.10.1991) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/824" id="c05284" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="824">S.I. 1991/824</Citation>, <CitationSubRef id="c05285" CitationRef="c05284" URI="http://www.legislation.gov.uk/id/uksi/1991/824/regulation/1/2/a" Operative="true" SectionRef="regulation-1-2-a">regs. 1(2)(a)</CitationSubRef>, <CitationSubRef id="c05286" CitationRef="c05284" URI="http://www.legislation.gov.uk/id/uksi/1991/824/regulation/11/4" SectionRef="regulation-11-4">11(4)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/1996" id="c05287" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="1996">S.I. 1991/1996</Citation>, <CitationSubRef id="c05288" CitationRef="c05287" URI="http://www.legislation.gov.uk/id/uksi/1991/1996/article/2/1/a" Operative="true" SectionRef="article-2-1-a">art. 2(1)(a)</CitationSubRef></Text></Para><Para><Text>Sch. 11 Pt. II excluded (9.2.2005) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2005/18" id="c05290" Class="UnitedKingdomStatutoryInstrument" Year="2005" Number="18" Title="The European Communities (Recognition of Professional Qualifications) (First General System) Regulations 2005">The European Communities (Recognition of Professional Qualifications) (First General System) Regulations 2005 (S.I. 2005/18)</Citation>, <CitationSubRef id="c05291" CitationRef="c05290" URI="http://www.legislation.gov.uk/id/uksi/2005/18/regulation/11/4" SectionRef="regulation-11-4" Operative="true">reg. 11(4)</CitationSubRef> (with <CitationSubRef id="c05292" CitationRef="c05290" URI="http://www.legislation.gov.uk/id/uksi/2005/18/regulation/3" SectionRef="regulation-3">reg. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="c13698031" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/nisi/1986/1032" id="c05317" Class="NorthernIrelandOrderInCouncil" Year="1986" Number="1032">S.I. 1986/1032 (N.I. 6)</Citation>. </Text></Para></Commentary><Commentary id="c18759881" Type="F"><Para><Text>Sch. 13 para. 1 and preceding cross-heading substituted (1.1.2005) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/27" id="c05319" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="27" Title="Companies (Audit, Investigations and Community Enterprise) Act 2004">Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27)</Citation>, <CitationSubRef id="c05320" CitationRef="c05319" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/5/2" SectionRef="section-5-2" Operative="true">ss. 5(2)</CitationSubRef>, <CitationSubRef id="c05321" CitationRef="c05319" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/65" SectionRef="section-65">65</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3322" id="c05322" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3322">S.I. 2004/3322</Citation>, <CitationSubRef id="c05323" CitationRef="c05322" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/2/1" SectionRef="article-2-1" Operative="true">art. 2(1)</CitationSubRef>, <CitationSubRef id="c05324" CitationRef="c05322" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/schedule/1" SectionRef="schedule-1">Sch. 1</CitationSubRef></Text></Para></Commentary><Commentary id="c18759851" Type="F"><Para><Text>Sch. 13 para. 1 and preceding cross-heading substituted (1.1.2005) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/27" id="c05326" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="27" Title="Companies (Audit, Investigations and Community Enterprise) Act 2004">Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27)</Citation>, <CitationSubRef id="c05327" CitationRef="c05326" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/5/2" SectionRef="section-5-2" Operative="true">ss. 5(2)</CitationSubRef>, <CitationSubRef id="c05328" CitationRef="c05326" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/65" SectionRef="section-65">65</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3322" id="c05329" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3322">S.I. 2004/3322</Citation>, <CitationSubRef id="c05330" CitationRef="c05329" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/2/1" SectionRef="article-2-1" Operative="true">art. 2(1)</CitationSubRef>, <CitationSubRef id="c05331" CitationRef="c05329" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/schedule/1" SectionRef="schedule-1">Sch. 1</CitationSubRef></Text></Para></Commentary><Commentary id="c18759921" Type="F"><Para><Text>Sch. 13 para. 10(2A) inserted (1.1.2005) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/27" id="c05333" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="27" Title="Companies (Audit, Investigations and Community Enterprise) Act 2004">Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27)</Citation>, <CitationSubRef id="c05334" CitationRef="c05333" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/5/3/a" SectionRef="section-5-3-a" Operative="true">ss. 5(3)(a)</CitationSubRef>, <CitationSubRef id="c05335" CitationRef="c05333" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/65" SectionRef="section-65">65</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3322" id="c05336" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3322">S.I. 2004/3322</Citation>, <CitationSubRef id="c05337" CitationRef="c05336" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/2/1" SectionRef="article-2-1" Operative="true">art. 2(1)</CitationSubRef>, <CitationSubRef id="c05338" CitationRef="c05336" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/schedule/1" SectionRef="schedule-1">Sch. 1</CitationSubRef></Text></Para></Commentary><Commentary id="c18759941" Type="F"><Para><Text>Sch. 13 para. 10(5)(6) inserted (1.1.2005) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/27" id="c05340" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="27" Title="Companies (Audit, Investigations and Community Enterprise) Act 2004">Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27)</Citation>, <CitationSubRef id="c05341" CitationRef="c05340" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/5/3/b" SectionRef="section-5-3-b" Operative="true">ss. 5(3)(b)</CitationSubRef>, <CitationSubRef id="c05342" CitationRef="c05340" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/65" SectionRef="section-65">65</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3322" id="c05343" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3322">S.I. 2004/3322</Citation>, <CitationSubRef id="c05344" CitationRef="c05343" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/2/1" SectionRef="article-2-1" Operative="true">art. 2(1)</CitationSubRef>, <CitationSubRef id="c05345" CitationRef="c05343" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/schedule/1" SectionRef="schedule-1">Sch. 1</CitationSubRef></Text></Para></Commentary><Commentary id="c18760011" Type="F"><Para><Text>Words in Sch. 13 para. 11 substituted (1.1.2005) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/27" id="c05347" Year="2004" Class="UnitedKingdomPublicGeneralAct" Number="27" Title="Companies (Audit, Investigations and Community Enterprise) Act 2004">Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27)</Citation>, <CitationSubRef id="c05348" CitationRef="c05347" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/5/4" SectionRef="section-5-4" Operative="true">ss. 5(4)</CitationSubRef>, <CitationSubRef id="c05349" CitationRef="c05347" URI="http://www.legislation.gov.uk/id/ukpga/2004/27/section/65" SectionRef="section-65">65</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3322" id="c05350" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3322">S.I. 2004/3322</Citation>, <CitationSubRef id="c05351" CitationRef="c05350" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/article/2/1" SectionRef="article-2-1" Operative="true">art. 2(1)</CitationSubRef>, <CitationSubRef id="c05352" CitationRef="c05350" URI="http://www.legislation.gov.uk/id/uksi/2004/3322/schedule/1" SectionRef="schedule-1">Sch. 1</CitationSubRef></Text></Para></Commentary><Commentary id="c13699101" Type="I"><Para><Text>Sch. 21 wholly in force at 25.4.1991; Sch. 21 in force on 25.3.1991 insofar as is necessary to enable regulations to be made under para. 2(3) and wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c05466" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c05467" CitationRef="c05466" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05468" CitationRef="c05466" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/1991" SectionRef="article-1991">1991</CitationSubRef>/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13699111" Type="F"><Para><Text>Words in Sch. 21 para. 1(4)(5) replaced (11.8.1998) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1998/1748" id="c05470" Class="UnitedKingdomStatutoryInstrument" Year="1998" Number="1748">S.I. 1998/1748</Citation>, <CitationSubRef id="c05471" CitationRef="c05470" URI="http://www.legislation.gov.uk/id/uksi/1998/1748/regulation/5/1/2" Operative="true" SectionRef="regulation-5-1-2">reg. 5(1)(2)</CitationSubRef></Text></Para></Commentary><Commentary id="c13699141" Type="I"><Para><Text>Sch. 21 wholly in force at 25.4.1991; Sch. 21 in force on 25.3.1991 insofar as is necessary to enable regulations to be made under para. 2(3) and wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c05477" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c05478" CitationRef="c05477" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05479" CitationRef="c05477" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/1991" SectionRef="article-1991">1991</CitationSubRef>/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13699151" Type="F"><Para><Text>Schedule 21, para. 2(4) added by <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/880" id="c05482" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="880">S.I. 1991/880</Citation>, <CitationSubRef id="c05483" CitationRef="c05482" URI="http://www.legislation.gov.uk/id/uksi/1991/880/regulation/17" Operative="true" SectionRef="regulation-17">reg. 17</CitationSubRef></Text></Para></Commentary><Commentary id="c13699161" Type="I"><Para><Text>Sch. 21 wholly in force at 25.4.1991; Sch. 21 in force on 25.3.1991 insofar as is necessary to enable regulations to be made under para. 2(3) and wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c05487" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c05488" CitationRef="c05487" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05489" CitationRef="c05487" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/1991" SectionRef="article-1991">1991</CitationSubRef>/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13699171" Type="I"><Para><Text>Sch. 21 wholly in force at 25.4.1991; Sch. 21 in force on 25.3.1991 insofar as is necessary to enable regulations to be made under para. 2(3) and wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c05493" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c05494" CitationRef="c05493" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05495" CitationRef="c05493" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/1991" SectionRef="article-1991">1991</CitationSubRef>/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13699181" Type="I"><Para><Text>Sch. 21 wholly in force at 25.4.1991; Sch. 21 in force on 25.3.1991 insofar as is necessary to enable regulations to be made under para. 2(3) and wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c05499" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c05500" CitationRef="c05499" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05501" CitationRef="c05499" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/1991" SectionRef="article-1991">1991</CitationSubRef>/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13699191" Type="I"><Para><Text>Sch. 21 wholly in force at 25.4.1991; Sch. 21 in force on 25.3.1991 insofar as is necessary to enable regulations to be made under para. 2(3) and wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c05505" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c05506" CitationRef="c05505" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05507" CitationRef="c05505" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/1991" SectionRef="article-1991">1991</CitationSubRef>/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13699211" Type="I"><Para><Text>Sch. 21 wholly in force at 25.4.1991; Sch. 21 in force on 25.3.1991 insofar as is necessary to enable regulations to be made under para. 2(3) and wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c05517" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c05518" CitationRef="c05517" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05519" CitationRef="c05517" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/1991" SectionRef="article-1991">1991</CitationSubRef>/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13699221" Type="F"><Para><Text>Sch. 21 para. 7 substituted (11.8.1998) by <Citation URI="http://www.legislation.gov.uk/id/uksi/1998/1748" id="c05521" Class="UnitedKingdomStatutoryInstrument" Year="1998" Number="1748">S.I. 1998/1748</Citation>, <CitationSubRef id="c05522" CitationRef="c05521" URI="http://www.legislation.gov.uk/id/uksi/1998/1748/regulation/6" Operative="true" SectionRef="regulation-6">reg.6</CitationSubRef></Text></Para></Commentary><Commentary id="c13699231" Type="I"><Para><Text>Sch. 21 wholly in force at 25.4.1991; Sch. 21 in force on 25.3.1991 insofar as is necessary to enable regulations to be made under para. 2(3) and wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c05526" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c05527" CitationRef="c05526" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05528" CitationRef="c05526" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/1991" SectionRef="article-1991">1991</CitationSubRef>/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13699241" Type="I"><Para><Text>Sch. 21 wholly in force at 25.4.1991; Sch. 21 in force on 25.3.1991 insofar as is necessary to enable regulations to be made under para. 2(3) and wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c05532" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c05533" CitationRef="c05532" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05534" CitationRef="c05532" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/1991" SectionRef="article-1991">1991</CitationSubRef>/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13699251" Type="I"><Para><Text>Sch. 21 wholly in force at 25.4.1991; Sch. 21 in force on 25.3.1991 insofar as is necessary to enable regulations to be made under para. 2(3) and wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c05538" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c05539" CitationRef="c05538" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05540" CitationRef="c05538" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/1991" SectionRef="article-1991">1991</CitationSubRef>/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13699261" Type="I"><Para><Text>Sch. 21 wholly in force at 25.4.1991; Sch. 21 in force on 25.3.1991 insofar as is necessary to enable regulations to be made under para. 2(3) and wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c05544" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c05545" CitationRef="c05544" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05546" CitationRef="c05544" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/1991" SectionRef="article-1991">1991</CitationSubRef>/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13699271" Type="I"><Para><Text>Sch. 21 wholly in force at 25.4.1991; Sch. 21 in force on 25.3.1991 insofar as is necessary to enable regulations to be made under para. 2(3) and wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c05550" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c05551" CitationRef="c05550" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05552" CitationRef="c05550" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/1991" SectionRef="article-1991">1991</CitationSubRef>/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13699281" Type="I"><Para><Text>Sch. 21 wholly in force at 25.4.1991; Sch. 21 in force on 25.3.1991 insofar as is necessary to enable regulations to be made under para. 2(3) and wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c05556" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c05557" CitationRef="c05556" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05558" CitationRef="c05556" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/1991" SectionRef="article-1991">1991</CitationSubRef>/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13699291" Type="I"><Para><Text>Sch. 21 wholly in force at 25.4.1991; Sch. 21 in force on 25.3.1991 insofar as is necessary to enable regulations to be made under para. 2(3) and wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c05562" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c05563" CitationRef="c05562" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05564" CitationRef="c05562" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/1991" SectionRef="article-1991">1991</CitationSubRef>/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13699301" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/60" id="c05565" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="60">1986 c. 60</Citation>. </Text></Para></Commentary><Commentary id="c13699311" Type="I"><Para><Text>Sch. 21 wholly in force at 25.4.1991; Sch. 21 in force on 25.3.1991 insofar as is necessary to enable regulations to be made under para. 2(3) and wholly in force at 25.4.1991 see s. 215(2) and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/488" id="c05569" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="488">S.I. 1991/488</Citation>, <CitationSubRef id="c05570" CitationRef="c05569" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/2/2" Operative="true" SectionRef="article-2-2">art. 2(2)</CitationSubRef>, <CitationSubRef id="c05571" CitationRef="c05569" URI="http://www.legislation.gov.uk/id/uksi/1991/488/article/1991" SectionRef="article-1991">1991</CitationSubRef>/878, art. 2, Sch.</Text></Para></Commentary><Commentary id="c13699331" Type="I"><Para><Text>Sch. 22 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c05574" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c05575" CitationRef="c05574" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c05576" CitationRef="c05574" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699341" Type="I"><Para><Text>Sch. 22 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c05579" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c05580" CitationRef="c05579" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c05581" CitationRef="c05579" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699351" Type="I"><Para><Text>Sch. 22 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c05584" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c05585" CitationRef="c05584" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c05586" CitationRef="c05584" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699361" Type="I"><Para><Text>Sch. 22 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c05589" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c05590" CitationRef="c05589" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c05591" CitationRef="c05589" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699371" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c05592" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c. 45</Citation>. </Text></Para></Commentary><Commentary id="c13699381" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/66" id="c05593" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="66">1985 c. 66</Citation>. </Text></Para></Commentary><Commentary id="c13699391" Type="I"><Para><Text>Sch. 22 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c05596" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c05597" CitationRef="c05596" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c05598" CitationRef="c05596" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699401" Type="I"><Para><Text>Sch. 22 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c05601" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c05602" CitationRef="c05601" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c05603" CitationRef="c05601" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699411" Type="I"><Para><Text>Sch. 22 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c05606" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c05607" CitationRef="c05606" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c05608" CitationRef="c05606" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699421" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c05609" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c. 45</Citation>. </Text></Para></Commentary><Commentary id="c13699431" Type="I"><Para><Text>Sch. 22 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c05612" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c05613" CitationRef="c05612" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c05614" CitationRef="c05612" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699441" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/66" id="c05615" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="66">1985 c.66</Citation>. </Text></Para></Commentary><Commentary id="c13699451" Type="I"><Para><Text>Sch. 22 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c05618" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c05619" CitationRef="c05618" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c05620" CitationRef="c05618" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699461" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1982/41" id="c05621" Year="1982" Class="UnitedKingdomPublicGeneralAct" Number="41">1982 c. 41</Citation>. </Text></Para></Commentary><Commentary id="c13699471" Type="I"><Para><Text>Sch. 22 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c05624" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c05625" CitationRef="c05624" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c05626" CitationRef="c05624" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699481" Type="I"><Para><Text>Sch. 22 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c05629" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c05630" CitationRef="c05629" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c05631" CitationRef="c05629" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699491" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c05632" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c. 45</Citation>. </Text></Para></Commentary><Commentary id="c13699501" Type="I"><Para><Text>Sch. 22 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c05635" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c05636" CitationRef="c05635" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c05637" CitationRef="c05635" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699511" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c05638" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c. 45</Citation>. </Text></Para></Commentary><Commentary id="c13699521" Type="I"><Para><Text>Sch. 22 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c05641" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c05642" CitationRef="c05641" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c05643" CitationRef="c05641" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699531" Type="I"><Para><Text>Sch. 22 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c05646" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c05647" CitationRef="c05646" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c05648" CitationRef="c05646" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699541" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/66" id="c05649" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="66">1985 c. 66</Citation>. </Text></Para></Commentary><Commentary id="c13699551" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/6" id="c05650" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="6">1985 c. 6</Citation>. </Text></Para></Commentary><Commentary id="c13699561" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/45" id="c05651" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="45">1986 c. 45</Citation></Text></Para></Commentary><Commentary id="c13699571" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/66" id="c05652" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="66">1985 c.66</Citation>. </Text></Para></Commentary><Commentary id="c13699581" Type="I"><Para><Text>Sch. 22 wholly in force at 25.4.1991 see s. 215 and <Citation URI="http://www.legislation.gov.uk/id/uksi/1991/878" id="c05655" Class="UnitedKingdomStatutoryInstrument" Year="1991" Number="878">S.I. 1991/878</Citation>, <CitationSubRef id="c05656" CitationRef="c05655" URI="http://www.legislation.gov.uk/id/uksi/1991/878/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="c05657" CitationRef="c05655" URI="http://www.legislation.gov.uk/id/uksi/1991/878/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="c13699591" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/60" id="c05658" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="60">1986 c. 60</Citation>. </Text></Para></Commentary><Commentary id="c13699611" Type="C"><Para><Text>Sch. 23 para. 1 restricted by <Citation URI="http://www.legislation.gov.uk/id/uksi/1990/354" id="c05660" Class="UnitedKingdomStatutoryInstrument" Year="1990" Number="354">S.I. 1990/354</Citation>, <CitationSubRef id="c05661" CitationRef="c05660" URI="http://www.legislation.gov.uk/id/uksi/1990/354/article/6/2/b" Operative="true" SectionRef="article-6-2-b">art. 6(2)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c13699621" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/60" id="c05662" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="60">1986 c. 60</Citation>. </Text></Para></Commentary><Commentary id="c13699631" Type="C"><Para><Text>Sch. 23 para. 6 restricted by <Citation URI="http://www.legislation.gov.uk/id/uksi/1990/354" id="c05664" Class="UnitedKingdomStatutoryInstrument" Year="1990" Number="354">S.I. 1990/354</Citation>, <CitationSubRef id="c05665" CitationRef="c05664" URI="http://www.legislation.gov.uk/id/uksi/1990/354/article/6/4" Operative="true" SectionRef="article-6-4">art. 6(4)</CitationSubRef></Text></Para></Commentary><Commentary id="c13699641" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/60" id="c05666" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="60">1986 c. 60</Citation>. </Text></Para></Commentary><Commentary id="c13699651" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/60" id="c05667" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="60">1986 c. 60</Citation>. </Text></Para></Commentary><Commentary id="c13699661" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/60" id="c05668" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="60">1986 c. 60</Citation>. </Text></Para></Commentary><Commentary id="c13699671" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/60" id="c05669" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="60">1986 c. 60</Citation>. </Text></Para></Commentary><Commentary id="c13699681" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/60" id="c05670" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="60">1986 c. 60</Citation>. </Text></Para></Commentary><Commentary id="c13699691" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/60" id="c05671" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="60">1986 c. 60</Citation>. </Text></Para></Commentary><Commentary id="c13699701" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/60" id="c05672" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="60">1986 c. 60</Citation>. </Text></Para></Commentary><Commentary id="c13699711" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1986/60" id="c05673" Year="1986" Class="UnitedKingdomPublicGeneralAct" Number="60">1986 c. 60</Citation>. </Text></Para></Commentary><Commentary id="c13699721" Type="C"><Para><Text>Sch. 23 para. 29 restricted by <Citation URI="http://www.legislation.gov.uk/id/uksi/1990/354" id="c05675" Class="UnitedKingdomStatutoryInstrument" Year="1990" Number="354">S.I. 1990/354</Citation>, <CitationSubRef id="c05676" CitationRef="c05675" URI="http://www.legislation.gov.uk/id/uksi/1990/354/article/6/2/b" Operative="true" SectionRef="article-6-2-b">art. 6(2)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="c13699731" Type="C"><Para><Text>Sch. 23 para. 34 restricted by <Citation URI="http://www.legislation.gov.uk/id/uksi/1990/354" id="c05678" Class="UnitedKingdomStatutoryInstrument" Year="1990" Number="354">S.I. 1990/354</Citation>, <CitationSubRef id="c05679" CitationRef="c05678" URI="http://www.legislation.gov.uk/id/uksi/1990/354/article/6/4" Operative="true" SectionRef="article-6-4">art. 6(4)</CitationSubRef></Text></Para></Commentary><Commentary id="key-1c84169f0846f6654335dd8eda2eedb0" Type="F"><Para><Text>S. 112(8)-(11) substituted for s. 112(8) (1.10.2008) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/948" id="c4i7m8323-00008" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="948" Title="The Companies Act 2006 (Consequential Amendments etc) Order 2008">The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948)</Citation>, <CitationSubRef id="c4i7m8323-00009" CitationRef="c4i7m8323-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/948/article/2/3" SectionRef="article-2-3">art. 2(3)</CitationSubRef>, <CitationSubRef id="c4i7m8323-00010" CitationRef="c4i7m8323-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/948/schedule/3/paragraph/6" SectionRef="schedule-3-paragraph-6" Operative="true">Sch. 3 para. 6</CitationSubRef> (with <CitationSubRef id="c4i7m8323-00011" CitationRef="c4i7m8323-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/948/article/6" SectionRef="article-6">arts. 6</CitationSubRef>, <CitationSubRef id="c4i7m8323-00012" CitationRef="c4i7m8323-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/948/article/11" SectionRef="article-11">11</CitationSubRef>, <CitationSubRef id="c4i7m8323-00013" CitationRef="c4i7m8323-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/948/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-1272f1bec7174e5a05c79c89e7b92d2a" Type="C"><Para><Text><CitationSubRef id="c4i7r98k3-00007" SectionRef="introduction" URI="http://www.legislation.gov.uk/id/ukpga/1989/40">Act</CitationSubRef> modified (21.2.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/317" id="c4i7r98k3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="317" Title="The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009">The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317)</Citation>, <CitationSubRef CitationRef="c4i7r98k3-00008" id="c4i7r98k3-00009" SectionRef="article-1" URI="http://www.legislation.gov.uk/id/uksi/2009/317/article/1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c4i7r98k3-00008" id="c4i7r98k3-00010" SectionRef="article-3" URI="http://www.legislation.gov.uk/id/uksi/2009/317/article/3">3</CitationSubRef>, <CitationSubRef CitationRef="c4i7r98k3-00008" id="c4i7r98k3-00011" SectionRef="schedule" URI="http://www.legislation.gov.uk/id/uksi/2009/317/schedule" Operative="true">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-aff84a4c13dd2980d2897edd205ea5d4" Type="C"><Para><Text>S. 161(4) (as it has effect by virtue of Enterprise Act 2002 (c. 40), s. 249(1)) modified (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4i7zz8q3-00544" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4i7zz8q3-00545" CitationRef="c4i7zz8q3-00544" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4i7zz8q3-00546" CitationRef="c4i7zz8q3-00544" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/6/c" SectionRef="regulation-2-6-c" Operative="true">2(6)(c)</CitationSubRef> (with <CitationSubRef id="c4i7zz8q3-00547" CitationRef="c4i7zz8q3-00544" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4i7zz8q3-00548" CitationRef="c4i7zz8q3-00544" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-f3bd3fd4fea4daec9b47aaf4b7009aea" Type="C"><Para><Text>S. 175 (as it has effect by virtue of Enterprise Act 2002 (c. 40), s. 249(1)) modified (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4i7zz8q3-00555" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4i7zz8q3-00556" CitationRef="c4i7zz8q3-00555" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4i7zz8q3-00557" CitationRef="c4i7zz8q3-00555" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/12" SectionRef="regulation-2-12" Operative="true">2(12)</CitationSubRef> (with <CitationSubRef id="c4i7zz8q3-00558" CitationRef="c4i7zz8q3-00555" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4i7zz8q3-00559" CitationRef="c4i7zz8q3-00555" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-c37280e220d3f0a6b9e4098b6b5d4ef3" Type="F"><Para><Text>S. 155(3A) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4ibvvgl3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4ibvvgl3-00008" CitationRef="c4ibvvgl3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4ibvvgl3-00009" CitationRef="c4ibvvgl3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/3/d" SectionRef="regulation-2-3-d" Operative="true">2(3)(d)</CitationSubRef></Text></Para></Commentary><Commentary id="key-d5bd8e5159969995a9bff54264c1d51c" Type="F"><Para><Text>Word in s. 155(2)(a) omitted (15.6.2009) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4ibvvgl3-00016" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4ibvvgl3-00017" CitationRef="c4ibvvgl3-00016" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4ibvvgl3-00018" CitationRef="c4ibvvgl3-00016" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/3/a" SectionRef="regulation-2-3-a" Operative="true">2(3)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-4a150d36c5dd2fdc8f6b01f52f070fe4" Type="F"><Para><Text>S. 155(2)(b)(c) substituted for s. 155(2)(b) (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4ibvvgl3-00027" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4ibvvgl3-00028" CitationRef="c4ibvvgl3-00027" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4ibvvgl3-00029" CitationRef="c4ibvvgl3-00027" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/3/a" SectionRef="regulation-2-3-a" Operative="true">2(3)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-54412c67e8b8c4fbac79580befdbfb4c" Type="F"><Para><Text>S. 155(2A) substituted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4ibvvgl3-00037" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4ibvvgl3-00038" CitationRef="c4ibvvgl3-00037" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4ibvvgl3-00039" CitationRef="c4ibvvgl3-00037" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/3/b" SectionRef="regulation-2-3-b" Operative="true">2(3)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-319520a3bd07a3a767f683e3e65d323d" Type="F"><Para><Text>S. 155(3) substituted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4ibvvgl3-00047" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4ibvvgl3-00048" CitationRef="c4ibvvgl3-00047" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4ibvvgl3-00049" CitationRef="c4ibvvgl3-00047" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/3/c" SectionRef="regulation-2-3-c" Operative="true">2(3)(c)</CitationSubRef></Text></Para></Commentary><Commentary id="key-2a49c5200da605445dab1b57d05bfc15" Type="F"><Para><Text>S. 163(3A) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4iclrxq3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4iclrxq3-00008" CitationRef="c4iclrxq3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4iclrxq3-00009" CitationRef="c4iclrxq3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/7/c" SectionRef="regulation-2-7-c" Operative="true">2(7)(c)</CitationSubRef> (with <CitationSubRef id="c4iclrxq3-00010" CitationRef="c4iclrxq3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4iclrxq3-00011" CitationRef="c4iclrxq3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-0a37d1b9bde11b6a8a38df1442b99eaf" Type="F"><Para><Text>Words in s. 163(2) substituted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4iclrxq3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4iclrxq3-00019" CitationRef="c4iclrxq3-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4iclrxq3-00020" CitationRef="c4iclrxq3-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/7/a/i" SectionRef="regulation-2-7-a-i" Operative="true">2(7)(a)(i)</CitationSubRef> (with <CitationSubRef id="c4iclrxq3-00021" CitationRef="c4iclrxq3-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4iclrxq3-00022" CitationRef="c4iclrxq3-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-687927a80001b33961bdb17c9e4f18cd" Type="F"><Para><Text>Words in s. 163(2) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4iclrxq3-00029" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4iclrxq3-00030" CitationRef="c4iclrxq3-00029" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4iclrxq3-00031" CitationRef="c4iclrxq3-00029" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/7/a/iv" SectionRef="regulation-2-7-a-iv" Operative="true">2(7)(a)(iv)</CitationSubRef> (with <CitationSubRef id="c4iclrxq3-00032" CitationRef="c4iclrxq3-00029" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4iclrxq3-00033" CitationRef="c4iclrxq3-00029" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-52564c2e9b0a710c321e6c575a70abbe" Type="F"><Para><Text>Words in s. 163(2) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4iclrxq3-00040" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4iclrxq3-00041" CitationRef="c4iclrxq3-00040" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4iclrxq3-00042" CitationRef="c4iclrxq3-00040" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/7/a/v" SectionRef="regulation-2-7-a-v" Operative="true">2(7)(a)(v)</CitationSubRef> (with <CitationSubRef id="c4iclrxq3-00043" CitationRef="c4iclrxq3-00040" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4iclrxq3-00044" CitationRef="c4iclrxq3-00040" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-53528dfb099842cd1f802166b7699a75" Type="F"><Para><Text>Words in s. 163(2)(a) substituted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4iclrxq3-00051" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4iclrxq3-00052" CitationRef="c4iclrxq3-00051" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4iclrxq3-00053" CitationRef="c4iclrxq3-00051" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/7/a/ii" SectionRef="regulation-2-7-a-ii" Operative="true">2(7)(a)(ii)</CitationSubRef> (with <CitationSubRef id="c4iclrxq3-00054" CitationRef="c4iclrxq3-00051" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4iclrxq3-00055" CitationRef="c4iclrxq3-00051" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-3c6067099cec75c3aef87cbff0c1eb27" Type="F"><Para><Text>Words in s. 163(2)(b) added (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4iclrxq3-00062" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4iclrxq3-00063" CitationRef="c4iclrxq3-00062" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4iclrxq3-00064" CitationRef="c4iclrxq3-00062" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/7/a/iii" SectionRef="regulation-2-7-a-iii" Operative="true">2(7)(a)(iii)</CitationSubRef> (with <CitationSubRef id="c4iclrxq3-00065" CitationRef="c4iclrxq3-00062" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4iclrxq3-00066" CitationRef="c4iclrxq3-00062" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-f6f91394d1d7c76944bf45333640972e" Type="F"><Para><Text>Words in s. 163(3) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4iclrxq3-00073" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4iclrxq3-00074" CitationRef="c4iclrxq3-00073" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4iclrxq3-00075" CitationRef="c4iclrxq3-00073" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/7/b/i" SectionRef="regulation-2-7-b-i" Operative="true">2(7)(b)(i)</CitationSubRef> (with <CitationSubRef id="c4iclrxq3-00076" CitationRef="c4iclrxq3-00073" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4iclrxq3-00077" CitationRef="c4iclrxq3-00073" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-c22679b922f71b217fe6fbaf39efb24f" Type="F"><Para><Text>Words in s. 163(3) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4iclrxq3-00084" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4iclrxq3-00085" CitationRef="c4iclrxq3-00084" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4iclrxq3-00086" CitationRef="c4iclrxq3-00084" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/7/b/iii" SectionRef="regulation-2-7-b-iii" Operative="true">2(7)(b)(iii)</CitationSubRef> (with <CitationSubRef id="c4iclrxq3-00087" CitationRef="c4iclrxq3-00084" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4iclrxq3-00088" CitationRef="c4iclrxq3-00084" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-f97bf23057607883e49f0ea2dd523f72" Type="F"><Para><Text>Words in s. 163(3)(a) substituted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4iclrxq3-00095" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4iclrxq3-00096" CitationRef="c4iclrxq3-00095" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4iclrxq3-00097" CitationRef="c4iclrxq3-00095" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/7/b/ii" SectionRef="regulation-2-7-b-ii" Operative="true">2(7)(b)(ii)</CitationSubRef> (with <CitationSubRef id="c4iclrxq3-00098" CitationRef="c4iclrxq3-00095" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4iclrxq3-00099" CitationRef="c4iclrxq3-00095" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-27180f7248a4fd21274a062dfad950b8" Type="F"><Para><Text>Words in s. 163(3)(b) substituted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4iclrxq3-00106" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4iclrxq3-00107" CitationRef="c4iclrxq3-00106" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4iclrxq3-00108" CitationRef="c4iclrxq3-00106" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/7/b/ii" SectionRef="regulation-2-7-b-ii" Operative="true">2(7)(b)(ii)</CitationSubRef> (with <CitationSubRef id="c4iclrxq3-00109" CitationRef="c4iclrxq3-00106" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4iclrxq3-00110" CitationRef="c4iclrxq3-00106" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-51954f0e444ce770eb8804a5930d3040" Type="F"><Para><Text>Word in s. 163(4)(a) omitted (15.6.2009) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4iclrxq3-00117" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4iclrxq3-00118" CitationRef="c4iclrxq3-00117" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4iclrxq3-00119" CitationRef="c4iclrxq3-00117" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/7/d" SectionRef="regulation-2-7-d" Operative="true">2(7)(d)</CitationSubRef> (with <CitationSubRef id="c4iclrxq3-00120" CitationRef="c4iclrxq3-00117" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4iclrxq3-00121" CitationRef="c4iclrxq3-00117" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-8d475a2fd78b95fccbb0cc74e214cb94" Type="F"><Para><Text>Word in s. 163(4)(b) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4iclrxq3-00139" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4iclrxq3-00140" CitationRef="c4iclrxq3-00139" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4iclrxq3-00141" CitationRef="c4iclrxq3-00139" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/7/d" SectionRef="regulation-2-7-d" Operative="true">2(7)(d)</CitationSubRef> (with <CitationSubRef id="c4iclrxq3-00142" CitationRef="c4iclrxq3-00139" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4iclrxq3-00143" CitationRef="c4iclrxq3-00139" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-6e2e4c36521827eee85d7f6c27ef59bc" Type="F"><Para><Text>S. 163(4)(c) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4iclrxq3-00128" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4iclrxq3-00129" CitationRef="c4iclrxq3-00128" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4iclrxq3-00130" CitationRef="c4iclrxq3-00128" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/7/d" SectionRef="regulation-2-7-d" Operative="true">2(7)(d)</CitationSubRef> (with <CitationSubRef id="c4iclrxq3-00131" CitationRef="c4iclrxq3-00128" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4iclrxq3-00132" CitationRef="c4iclrxq3-00128" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-71cbad394c25f8f09815cedc545b9418" Type="F"><Para><Text>Words in s. 164(1)(b) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4ig6xui3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4ig6xui3-00008" CitationRef="c4ig6xui3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4ig6xui3-00009" CitationRef="c4ig6xui3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/8/a" SectionRef="regulation-2-8-a" Operative="true">2(8)(a)</CitationSubRef> (with <CitationSubRef id="c4ig6xui3-00010" CitationRef="c4ig6xui3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4ig6xui3-00011" CitationRef="c4ig6xui3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-727692a06c7a78db7c8dff6b4b558125" Type="F"><Para><Text>S. 164(3)(ba) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4ig6xui3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4ig6xui3-00019" CitationRef="c4ig6xui3-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4ig6xui3-00020" CitationRef="c4ig6xui3-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/8/b/i" SectionRef="regulation-2-8-b-i" Operative="true">2(8)(b)(i)</CitationSubRef> (with <CitationSubRef id="c4ig6xui3-00021" CitationRef="c4ig6xui3-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4ig6xui3-00022" CitationRef="c4ig6xui3-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-0c252a3b83e056d4fcf7ef84b418f131" Type="F"><Para><Text>Words in s. 164(3)(c) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4ig6xui3-00029" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4ig6xui3-00030" CitationRef="c4ig6xui3-00029" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4ig6xui3-00031" CitationRef="c4ig6xui3-00029" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/8/b/ii" SectionRef="regulation-2-8-b-ii" Operative="true">2(8)(b)(ii)</CitationSubRef> (with <CitationSubRef id="c4ig6xui3-00032" CitationRef="c4ig6xui3-00029" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4ig6xui3-00033" CitationRef="c4ig6xui3-00029" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-65cdd9faeabbb5f1a55c6a52a2cae746" Type="F"><Para><Text>Words in s. 164(3)(d) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4ig6xui3-00040" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4ig6xui3-00041" CitationRef="c4ig6xui3-00040" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4ig6xui3-00042" CitationRef="c4ig6xui3-00040" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/8/b/iii" SectionRef="regulation-2-8-b-iii" Operative="true">2(8)(b)(iii)</CitationSubRef> (with <CitationSubRef id="c4ig6xui3-00043" CitationRef="c4ig6xui3-00040" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4ig6xui3-00044" CitationRef="c4ig6xui3-00040" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-4ec8ab90e9f069ac74e4c208e4ed6069" Type="F"><Para><Text>Words in s. 164(4) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4ig6xui3-00051" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4ig6xui3-00052" CitationRef="c4ig6xui3-00051" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4ig6xui3-00053" CitationRef="c4ig6xui3-00051" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/8/c/i" SectionRef="regulation-2-8-c-i" Operative="true">2(8)(c)(i)</CitationSubRef> (with <CitationSubRef id="c4ig6xui3-00054" CitationRef="c4ig6xui3-00051" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4ig6xui3-00055" CitationRef="c4ig6xui3-00051" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-469d1a0433c3449bc46e8d2af37ca0c0" Type="F"><Para><Text>Words in s. 164(4) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4ig6xui3-00062" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4ig6xui3-00063" CitationRef="c4ig6xui3-00062" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4ig6xui3-00064" CitationRef="c4ig6xui3-00062" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/8/c/ii" SectionRef="regulation-2-8-c-ii" Operative="true">2(8)(c)(ii)</CitationSubRef> (with <CitationSubRef id="c4ig6xui3-00065" CitationRef="c4ig6xui3-00062" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4ig6xui3-00066" CitationRef="c4ig6xui3-00062" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-51b55d4400590d8c1e9f04a43799568c" Type="F"><Para><Text>Words in s. 159(1) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4igik743-00007" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4igik743-00008" CitationRef="c4igik743-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4igik743-00009" CitationRef="c4igik743-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/5/a" SectionRef="regulation-2-5-a" Operative="true">2(5)(a)</CitationSubRef> (with <CitationSubRef id="c4igik743-00010" CitationRef="c4igik743-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4igik743-00011" CitationRef="c4igik743-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-206d75a3a84689a7216266c44e3a334c" Type="F"><Para><Text>Words in s. 159(4) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4igik743-00018" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4igik743-00019" CitationRef="c4igik743-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4igik743-00020" CitationRef="c4igik743-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/5/b" SectionRef="regulation-2-5-b" Operative="true">2(5)(b)</CitationSubRef> (with <CitationSubRef id="c4igik743-00021" CitationRef="c4igik743-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4igik743-00022" CitationRef="c4igik743-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-f9e0e16a6fb210d1956cecc5ad66dbac" Type="F"><Para><Text>Words in s. 159(4A)(b) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4igik743-00029" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4igik743-00030" CitationRef="c4igik743-00029" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4igik743-00031" CitationRef="c4igik743-00029" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/5/c" SectionRef="regulation-2-5-c" Operative="true">2(5)(c)</CitationSubRef> (with <CitationSubRef id="c4igik743-00032" CitationRef="c4igik743-00029" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4igik743-00033" CitationRef="c4igik743-00029" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-fa2e349a6217b5f2f4baffc5a79d1156" Type="F"><Para><Text>S. 165(5) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4ign9v33-00007" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4ign9v33-00008" CitationRef="c4ign9v33-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4ign9v33-00009" CitationRef="c4ign9v33-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/9/b" SectionRef="regulation-2-9-b" Operative="true">2(9)(b)</CitationSubRef> (with <CitationSubRef id="c4ign9v33-00010" CitationRef="c4ign9v33-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4ign9v33-00011" CitationRef="c4ign9v33-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-a5d2baa8c0f6e37fb6154aa8099a6c71" Type="F"><Para><Text>Words in s. 165(4)(c) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4ign9v33-00018" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4ign9v33-00019" CitationRef="c4ign9v33-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4ign9v33-00020" CitationRef="c4ign9v33-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/9/a" SectionRef="regulation-2-9-a" Operative="true">2(9)(a)</CitationSubRef> (with <CitationSubRef id="c4ign9v33-00021" CitationRef="c4ign9v33-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4ign9v33-00022" CitationRef="c4ign9v33-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-ecc692edbe0807968b85b32f3b30ae2c" Type="F"><Para><Text>S. 167(1)-(1B) substituted for s. 167(1)(1A) (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4o6v5803-00008" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4o6v5803-00009" CitationRef="c4o6v5803-00008" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4o6v5803-00010" CitationRef="c4o6v5803-00008" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/10/a" SectionRef="regulation-2-10-a" Operative="true">2(10)(a)</CitationSubRef> (with <CitationSubRef id="c4o6v5803-00011" CitationRef="c4o6v5803-00008" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4o6v5803-00012" CitationRef="c4o6v5803-00008" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-447cd7b52f344dc677820b1ff2e5c914" Type="F"><Para><Text>Words in s. 167(3) substituted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4o6v5803-00041" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4o6v5803-00042" CitationRef="c4o6v5803-00041" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4o6v5803-00043" CitationRef="c4o6v5803-00041" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/10/c/ii" SectionRef="regulation-2-10-c-ii" Operative="true">2(10)(c)(ii)</CitationSubRef> (with <CitationSubRef id="c4o6v5803-00044" CitationRef="c4o6v5803-00041" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4o6v5803-00045" CitationRef="c4o6v5803-00041" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-48b8863ee92d6473b8c87618680727dd" Type="F"><Para><Text>Words in s. 161(4) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4o87d4e3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4o87d4e3-00008" CitationRef="c4o87d4e3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4o87d4e3-00009" CitationRef="c4o87d4e3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/6/b/i" SectionRef="regulation-2-6-b-i" Operative="true">2(6)(b)(i)</CitationSubRef> (with <CitationSubRef id="c4o87d4e3-00010" CitationRef="c4o87d4e3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4o87d4e3-00011" CitationRef="c4o87d4e3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-685d546f443fc7f894d97dde5c816d5f" Type="F"><Para><Text>Words in s. 161(4) substituted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4o87d4e3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4o87d4e3-00019" CitationRef="c4o87d4e3-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4o87d4e3-00020" CitationRef="c4o87d4e3-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/6/b/ii" SectionRef="regulation-2-6-b-ii" Operative="true">2(6)(b)(ii)</CitationSubRef> (with <CitationSubRef id="c4o87d4e3-00021" CitationRef="c4o87d4e3-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4o87d4e3-00022" CitationRef="c4o87d4e3-00018" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-496a79ab6617d7cac86746f6b026db75" Type="F"><Para><Text>Words in s. 161(2) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4o87d4e3-00040" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4o87d4e3-00041" CitationRef="c4o87d4e3-00040" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4o87d4e3-00042" CitationRef="c4o87d4e3-00040" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/6/a" SectionRef="regulation-2-6-a" Operative="true">2(6)(a)</CitationSubRef> (with <CitationSubRef id="c4o87d4e3-00043" CitationRef="c4o87d4e3-00040" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4o87d4e3-00044" CitationRef="c4o87d4e3-00040" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-29a11168ce5f491991c12aa4f3b137e5" Type="F"><Para><Text>Words in <CitationSubRef id="c4o8extx3-00006" SectionRef="section-154-c" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/154/c">s. 154(c)</CitationSubRef> inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4o8extx3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4o8extx3-00008" CitationRef="c4o8extx3-00007" SectionRef="regulation-1-1" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4o8extx3-00009" CitationRef="c4o8extx3-00007" SectionRef="regulation-2-2" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/2" Operative="true">2(2)</CitationSubRef></Text></Para></Commentary><Commentary id="key-29e4ae4f5fbca3a9c0bba88c41b6ce76" Type="F"><Para><Text>Words in s. 177(1) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4o911xc3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4o911xc3-00008" CitationRef="c4o911xc3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4o911xc3-00009" CitationRef="c4o911xc3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/13/b" SectionRef="regulation-2-13-b" Operative="true">2(13)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-d53ac101610ccb8c7781e40d75d4ffc9" Type="F"><Para><Text>Words in s. 177(2) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4o911xc3-00016" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4o911xc3-00017" CitationRef="c4o911xc3-00016" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4o911xc3-00018" CitationRef="c4o911xc3-00016" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/13/b" SectionRef="regulation-2-13-b" Operative="true">2(13)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-b6ddb268bd987ebd80dc423e24ef9bf6" Type="F"><Para><Text>Words in s. 177(3) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4o911xc3-00025" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4o911xc3-00026" CitationRef="c4o911xc3-00025" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4o911xc3-00027" CitationRef="c4o911xc3-00025" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/13/c" SectionRef="regulation-2-13-c" Operative="true">2(13)(c)</CitationSubRef></Text></Para></Commentary><Commentary id="key-dfc8a7386d79410495a0c688f190466e" Type="F"><Para><Text>Words in s. 180(1) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4o98e3w3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4o98e3w3-00008" CitationRef="c4o98e3w3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4o98e3w3-00009" CitationRef="c4o98e3w3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/14/a" SectionRef="regulation-2-14-a" Operative="true">2(14)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-eea7b65d97334be0722f31e8a54e2fda" Type="F"><Para><Text>Words in s. 180(1)(a) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4o98e3w3-00016" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4o98e3w3-00017" CitationRef="c4o98e3w3-00016" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4o98e3w3-00018" CitationRef="c4o98e3w3-00016" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/14/b" SectionRef="regulation-2-14-b" Operative="true">2(14)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-a12aa990db7ef6f357eb64a343f2f9da" Type="F"><Para><Text>S. 188(3A) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4oanxwp3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4oanxwp3-00008" CitationRef="c4oanxwp3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4oanxwp3-00009" CitationRef="c4oanxwp3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/15/b" SectionRef="regulation-2-15-b" Operative="true">2(15)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-bdc5696b6e3967ab8fd4e1ac22101e2c" Type="F"><Para><Text>Words in s. 188(1) inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4oanxwp3-00016" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4oanxwp3-00017" CitationRef="c4oanxwp3-00016" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4oanxwp3-00018" CitationRef="c4oanxwp3-00016" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/15/a" SectionRef="regulation-2-15-a" Operative="true">2(15)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-0c29f08ac4eb469d59385026668ba546" Type="F"><Para><Text>Words in s. 177 heading inserted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4ob3d883-00007" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4ob3d883-00008" CitationRef="c4ob3d883-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4ob3d883-00009" CitationRef="c4ob3d883-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/13/a" SectionRef="regulation-2-13-a" Operative="true">2(13)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-521e934d1bcb8a3f9fb1265c481a694c" Type="F"><Para><Text>S. 158(2)(a)(aa) substituted for s. 158(2)(a) (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4ob8x6n3-00009" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef id="c4ob8x6n3-00010" CitationRef="c4ob8x6n3-00009" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef id="c4ob8x6n3-00011" CitationRef="c4ob8x6n3-00009" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/4/a" SectionRef="regulation-2-4-a" Operative="true">2(4)(a)</CitationSubRef> (with <CitationSubRef id="c4ob8x6n3-00012" CitationRef="c4ob8x6n3-00009" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/2" SectionRef="regulation-1-2">reg. 1(2)</CitationSubRef><CitationSubRef id="c4ob8x6n3-00013" CitationRef="c4ob8x6n3-00009" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/3" SectionRef="regulation-1-3">(3)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-99a84bc2550f190cb3a772779d7ef0c5" Type="F"><Para><Text>S. 170(1) substituted (15.6.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/853" id="c4obdzdt3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="853" Title="The Financial Markets and Insolvency Regulations 2009">The Financial Markets and Insolvency Regulations 2009 (S.I. 2009/853)</Citation>, <CitationSubRef CitationRef="c4obdzdt3-00008" id="c4obdzdt3-00009" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>, <CitationSubRef CitationRef="c4obdzdt3-00008" id="c4obdzdt3-00010" URI="http://www.legislation.gov.uk/id/uksi/2009/853/regulation/2/11" SectionRef="regulation-2-11" Operative="true">2(11)</CitationSubRef></Text></Para></Commentary><Commentary id="key-86dab8da11faf9f99c4fdc0b7ab6bfa1" Type="F"><Para><Text>Sch. 18 paras. 32-38 repealed (1.10.2007 for the repeal of Sch. 18 paras. 34-36, 1.10.2009 in so far as not already in force) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c4obw6qd3-00286" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation> ss. 1295, <CitationSubRef id="c4obw6qd3-00287" CitationRef="c4obw6qd3-00286" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2"> s. 1300(2)</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00288" CitationRef="c4obw6qd3-00286" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/2194" id="c4obw6qd3-00289" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="2194" Title="The Companies Act 2006 (Commencement No. 3, Consequential Amendments, Transitional Provisions and Savings) Order 2007">S.I. 2007/2194</Citation>, <CitationSubRef id="c4obw6qd3-00290" CitationRef="c4obw6qd3-00289" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/article/8" SectionRef="article-8">art. 8</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00291" CitationRef="c4obw6qd3-00289" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4obw6qd3-00292" CitationRef="c4obw6qd3-00289" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00293" CitationRef="c4obw6qd3-00289" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/article/12" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00294" CitationRef="c4obw6qd3-00289" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/schedule/3/paragraph/48" SectionRef="schedule-3-paragraph-48">Sch. 3 para. 48  ( and as amended by S.I. 2007/2607, arts. 1, 4 and S.I. 2007/3495, arts. 2(6), 11, Sch. 5 para. 2(3)-(7)) and subject to Sch.1) </CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="c4obw6qd3-00295" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="c4obw6qd3-00296" CitationRef="c4obw6qd3-00295" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00297" CitationRef="c4obw6qd3-00295" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4obw6qd3-00298" CitationRef="c4obw6qd3-00295" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00299" CitationRef="c4obw6qd3-00295" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00300" CitationRef="c4obw6qd3-00295" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="c4obw6qd3-00301" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="c4obw6qd3-00304" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-1e9f4f2b4681eb6e295fc6a1f5114d74" Type="F"><Para><Text>Sch. 19 paras. 1-9 repealed (1.10.2007 for the repeal of Sch. 19 paras. 8, 9, 1.10.2009 in so far as not already in force) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c4obw6qd3-00314" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c4obw6qd3-00315" CitationRef="c4obw6qd3-00314" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00316" CitationRef="c4obw6qd3-00314" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/2194" id="c4obw6qd3-00317" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="2194" Title="The Companies Act 2006 (Commencement No. 3, Consequential Amendments, Transitional Provisions and Savings) Order 2007">S.I. 2007/2194</Citation>, <CitationSubRef id="c4obw6qd3-00318" CitationRef="c4obw6qd3-00317" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/article/8" SectionRef="article-8">art. 8</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00319" CitationRef="c4obw6qd3-00317" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4obw6qd3-00320" CitationRef="c4obw6qd3-00317" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00321" CitationRef="c4obw6qd3-00317" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/article/12" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00322" CitationRef="c4obw6qd3-00317" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/schedule/3/paragraph/48" SectionRef="schedule-3-paragraph-48">Sch. 3 para. 48</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="c4obw6qd3-00323" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="c4obw6qd3-00324" CitationRef="c4obw6qd3-00323" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00325" CitationRef="c4obw6qd3-00323" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4obw6qd3-00326" CitationRef="c4obw6qd3-00323" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00327" CitationRef="c4obw6qd3-00323" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00328" CitationRef="c4obw6qd3-00323" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="c4obw6qd3-00329" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="c4obw6qd3-00332" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-544e11ddea7b7c6d954d87a93688abaa" Type="F"><Para><Text>S. 123 repealed (6.4.2008 for the repeal of s. 123(1)-(4), 1.10.2009 in so far as not already in force) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c4obw6qd3-00410" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c4obw6qd3-00411" CitationRef="c4obw6qd3-00410" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00412" CitationRef="c4obw6qd3-00410" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c4obw6qd3-00413" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495" Title="The Companies Act 2006 (Commencement No. 5, Transitional Provisions and Savings) Order 2007">S.I. 2007/3495</Citation>, <CitationSubRef id="c4obw6qd3-00414" CitationRef="c4obw6qd3-00413" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8/a" SectionRef="article-8-a">art. 8(a)</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00415" CitationRef="c4obw6qd3-00413" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4obw6qd3-00416" CitationRef="c4obw6qd3-00413" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00417" CitationRef="c4obw6qd3-00413" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="c4obw6qd3-00418" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="c4obw6qd3-00419" CitationRef="c4obw6qd3-00418" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00420" CitationRef="c4obw6qd3-00418" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4obw6qd3-00421" CitationRef="c4obw6qd3-00418" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00422" CitationRef="c4obw6qd3-00418" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00423" CitationRef="c4obw6qd3-00418" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="c4obw6qd3-00424" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="c4obw6qd3-00427" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-38d9a028e598d4ecb0ce53bd37b914e7" Type="F"><Para><Text><CitationSubRef id="c4of3fwk3-00006" SectionRef="part-IV" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/IV">Pt. IV</CitationSubRef> repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c4of3fwk3-00007" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c4of3fwk3-00008" CitationRef="c4of3fwk3-00007" SectionRef="section-1180" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1180">ss. 1180</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00009" CitationRef="c4of3fwk3-00007" SectionRef="section-1300-2" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2">1300(2)</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00010" CitationRef="c4of3fwk3-00007" SectionRef="schedule-16" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="c4of3fwk3-00011" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="c4of3fwk3-00012" CitationRef="c4of3fwk3-00011" SectionRef="article-3-v" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/3/v">art. 3(v)</CitationSubRef> (with <CitationSubRef id="c4of3fwk3-00013" CitationRef="c4of3fwk3-00011" SectionRef="article-7" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7">arts. 7</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00014" CitationRef="c4of3fwk3-00011" SectionRef="article-8" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8">8</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00015" CitationRef="c4of3fwk3-00011" SectionRef="schedule-2-paragraph-1" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2/paragraph/1">Sch. 2 para. 1</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-728d8765ea85703a3574d370bb563f1f" Type="F"><Para><Text>Sch. 15 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c4of3fwk3-00021" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c4of3fwk3-00022" CitationRef="c4of3fwk3-00021" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00023" CitationRef="c4of3fwk3-00021" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="c4of3fwk3-00024" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="c4of3fwk3-00025" CitationRef="c4of3fwk3-00024" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00026" CitationRef="c4of3fwk3-00024" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4of3fwk3-00027" CitationRef="c4of3fwk3-00024" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00028" CitationRef="c4of3fwk3-00024" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00029" CitationRef="c4of3fwk3-00024" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-b7e1e056b0726837f11ff09c5db85721" Type="F"><Para><Text>Sch. 16 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c4of3fwk3-00219" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c4of3fwk3-00220" CitationRef="c4of3fwk3-00219" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00221" CitationRef="c4of3fwk3-00219" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="c4of3fwk3-00222" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="c4of3fwk3-00223" CitationRef="c4of3fwk3-00222" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00224" CitationRef="c4of3fwk3-00222" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4of3fwk3-00225" CitationRef="c4of3fwk3-00222" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00226" CitationRef="c4of3fwk3-00222" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00227" CitationRef="c4of3fwk3-00222" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-fc4c55fc278562a25d1f565bb690e606" Type="F"><Para><Text>Ss. 108-110 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c4prc3dy3-00035" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c4prc3dy3-00036" CitationRef="c4prc3dy3-00035" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="c4prc3dy3-00037" CitationRef="c4prc3dy3-00035" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="c4prc3dy3-00038" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="c4prc3dy3-00039" CitationRef="c4prc3dy3-00038" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c4prc3dy3-00040" CitationRef="c4prc3dy3-00038" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4prc3dy3-00041" CitationRef="c4prc3dy3-00038" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4prc3dy3-00042" CitationRef="c4prc3dy3-00038" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="c4prc3dy3-00043" CitationRef="c4prc3dy3-00038" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="c4prc3dy3-00044" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="c4prc3dy3-00047" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-1465b9d58b7df5eace827bc8c6a9fe4f" Type="F"><Para><Text>Ss. 126-129 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c4ofdoxx3-00156" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c4ofdoxx3-00157" CitationRef="c4ofdoxx3-00156" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="c4ofdoxx3-00158" CitationRef="c4ofdoxx3-00156" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="c4ofdoxx3-00159" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="c4ofdoxx3-00160" CitationRef="c4ofdoxx3-00159" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c4ofdoxx3-00161" CitationRef="c4ofdoxx3-00159" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4ofdoxx3-00162" CitationRef="c4ofdoxx3-00159" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4ofdoxx3-00163" CitationRef="c4ofdoxx3-00159" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="c4ofdoxx3-00164" CitationRef="c4ofdoxx3-00159" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="c4ofdoxx3-00165" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="c4ofdoxx3-00168" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-fc418de1b9a101d351fe5d2ecd73ee36" Type="F"><Para><Text>Ss. 131-133 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c4prvh283-00177" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c4prvh283-00178" CitationRef="c4prvh283-00177" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="c4prvh283-00179" CitationRef="c4prvh283-00177" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="c4prvh283-00180" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="c4prvh283-00181" CitationRef="c4prvh283-00180" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c4prvh283-00182" CitationRef="c4prvh283-00180" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4prvh283-00183" CitationRef="c4prvh283-00180" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4prvh283-00184" CitationRef="c4prvh283-00180" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="c4prvh283-00185" CitationRef="c4prvh283-00180" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="c4prvh283-00186" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="c4prvh283-00189" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-53b8c6efff2d620172c43eeb0cf3768d" Type="F"><Para><Text>Sch. 19 paras. 11-16 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c4of3fwk3-00233" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c4of3fwk3-00234" CitationRef="c4of3fwk3-00233" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00235" CitationRef="c4of3fwk3-00233" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="c4of3fwk3-00236" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="c4of3fwk3-00237" CitationRef="c4of3fwk3-00236" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00238" CitationRef="c4of3fwk3-00236" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4of3fwk3-00239" CitationRef="c4of3fwk3-00236" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00240" CitationRef="c4of3fwk3-00236" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00241" CitationRef="c4of3fwk3-00236" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="c4of3fwk3-00242" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="c4of3fwk3-00245" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-8bdf5afa597d102adcea4ff58f09f1d1" Type="F"><Para><Text>Sch. 19 paras. 19-21 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c4of3fwk3-00254" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c4of3fwk3-00255" CitationRef="c4of3fwk3-00254" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00256" CitationRef="c4of3fwk3-00254" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="c4of3fwk3-00257" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="c4of3fwk3-00258" CitationRef="c4of3fwk3-00257" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00259" CitationRef="c4of3fwk3-00257" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4of3fwk3-00260" CitationRef="c4of3fwk3-00257" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00261" CitationRef="c4of3fwk3-00257" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="c4of3fwk3-00262" CitationRef="c4of3fwk3-00257" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="c4of3fwk3-00263" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="c4of3fwk3-00266" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-87c7f5998d726f78c2f7db7624f33c41" Type="F"><Para><Text>S. 116 repealed (1.10.2009 for the repeal of s. 116(1)(2)) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c4ojeldg3-00005" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c4ojeldg3-00006" CitationRef="c4ojeldg3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="c4ojeldg3-00007" CitationRef="c4ojeldg3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="c4ojeldg3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="c4ojeldg3-00009" CitationRef="c4ojeldg3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c4ojeldg3-00010" CitationRef="c4ojeldg3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4ojeldg3-00011" CitationRef="c4ojeldg3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4ojeldg3-00012" CitationRef="c4ojeldg3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="c4ojeldg3-00013" CitationRef="c4ojeldg3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="c4ojeldg3-00014" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="c4ojeldg3-00017" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-77aac21d751d60f6f460eef84cf19a5d" Type="F"><Para><Text>S. 117 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c4ojisej3-00005" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c4ojisej3-00006" CitationRef="c4ojisej3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="c4ojisej3-00007" CitationRef="c4ojisej3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="c4ojisej3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="c4ojisej3-00009" CitationRef="c4ojisej3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c4ojisej3-00010" CitationRef="c4ojisej3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4ojisej3-00011" CitationRef="c4ojisej3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4ojisej3-00012" CitationRef="c4ojisej3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="c4ojisej3-00013" CitationRef="c4ojisej3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="c4ojisej3-00014" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="c4ojisej3-00017" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="M_F_e26db4bd-95da-4193-91a3-5947e009049a" Type="F"><Para><Text>S. 115 repealed (1.10.2007 for the repeal of s. 115(2)(3), 1.10.2009 for the repeal of s. 115(1)) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c4obw6qd3-00342n1" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c4obw6qd3-00343n1" CitationRef="c4obw6qd3-00342" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00344n1" CitationRef="c4obw6qd3-00342" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/2194" id="c4obw6qd3-00345n1" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="2194" Title="The Companies Act 2006 (Commencement No. 3, Consequential Amendments, Transitional Provisions and Savings) Order 2007">S.I. 2007/2194</Citation>, <CitationSubRef id="c4obw6qd3-00346n1" CitationRef="c4obw6qd3-00345" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/article/8" SectionRef="article-8">art. 8</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00347n1" CitationRef="c4obw6qd3-00345" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4obw6qd3-00348n1" CitationRef="c4obw6qd3-00345" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00349n1" CitationRef="c4obw6qd3-00345" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/article/12" SectionRef="article-12">12</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00350n1" CitationRef="c4obw6qd3-00345" URI="http://www.legislation.gov.uk/id/uksi/2007/2194/schedule/3/paragraph/48" SectionRef="schedule-3-paragraph-48">Sch. 3 para. 48</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="c4obw6qd3-00351n1" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="c4obw6qd3-00352n1" CitationRef="c4obw6qd3-00351" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00353n1" CitationRef="c4obw6qd3-00351" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="c4obw6qd3-00354n1" CitationRef="c4obw6qd3-00351" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00355n1" CitationRef="c4obw6qd3-00351" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="c4obw6qd3-00356n1" CitationRef="c4obw6qd3-00351" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="c4obw6qd3-00357n1" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="c4obw6qd3-00360n1" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="M_F_ffe8ed95-4047-4e93-d039-84974f35f1a4" Type="F"><Para><Text>Ss. 141-143 repealed (20.1.2007 for the repeal of s. 143(5), 6.4.2007 for the repeal of s. 143(10), 1.10.2007 for the repeal of s. 143(8)(9), 6.4.2008 for the repeal of s. 143(4), 1.10.2008 for the repeal of s. 141(4) for specified purposes, 1.10.2009 in so far as not already in force) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="d13e4" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="cc00003" CitationRef="d13e4" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="cc00004" CitationRef="d13e4" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" Operative="true" SectionRef="schedule-16">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2006/3428" id="c4obw6qd3-00245n1" Class="UnitedKingdomStatutoryInstrument" Year="2006" Number="3428" Title="The Companies Act 2006 (Commencement No. 1, Transitional Provisions and Savings) Order 2006">S.I. 2006/3428</Citation>, art. 7(b)(c), Sch. 3 Pt. 1, Sch. 4 Pt. 1 (with arts. 6, 8(2)); <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/2194" id="c4obw6qd3-00252n1" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="2194" Title="The Companies Act 2006 (Commencement No. 3, Consequential Amendments, Transitional Provisions and Savings) Order 2007">S.I. 2007/2194</Citation>, art. 8, Sch. 2 Pt. 1 (with arts. 7, 12, Sch. 3 para. 48); <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c4obw6qd3-00258n1" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495" Title="The Companies Act 2006 (Commencement No. 5, Transitional Provisions and Savings) Order 2007">S.I. 2007/3495</Citation>, art. 8(a), Sch. 2 Pt. 1 (with arts. 7, 12); <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/1886" id="c4obw6qd3-00263n1" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="1886" Title="The Companies Act 2006 (Commencement No. 7, Transitional Provisions and Savings) Order 2008">S.I. 2008/1886</Citation>, art. 2(f) (with arts. 6, 7); <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="c4obw6qd3-00267n1" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, art. 4, Sch. 1 Pt. 1 (with arts. 7, 8, Sch. 2) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="c4obw6qd3-00273n1" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="c4obw6qd3-00276n1" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-e912d1fabbccfe9ecea95c2dfa85279a" Type="F"><Para><Text>S. 125 repealed (1.10.2009 for the repeal of s. 125(1)) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c9icdwls3-00005" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="c9icdwls3-00006" CitationRef="c9icdwls3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="c9icdwls3-00007" CitationRef="c9icdwls3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="c9icdwls3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="c9icdwls3-00009" CitationRef="c9icdwls3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="c9icdwls3-00010" CitationRef="c9icdwls3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="c9icdwls3-00011" CitationRef="c9icdwls3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c9icdwls3-00012" CitationRef="c9icdwls3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="c9icdwls3-00013" CitationRef="c9icdwls3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="c9icdwls3-00014" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="c9icdwls3-00017" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-ca6343322a9e895dbd4cb41b539846a1" Type="F"><Para><Text>Words in s. 112(1)(a) substituted (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1941" id="cemuw5z13-00007" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1941" Title="The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009">The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941)</Citation>, <CitationSubRef id="cemuw5z13-00008" CitationRef="cemuw5z13-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/article/1/2" SectionRef="article-1-2">art. 1(2)</CitationSubRef>, <CitationSubRef id="cemuw5z13-00009" CitationRef="cemuw5z13-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/schedule/1/paragraph/103/2/a" SectionRef="schedule-1-paragraph-103-2-a" Operative="true">Sch. 1 para. 103(2)(a)</CitationSubRef> (with <CitationSubRef id="cemuw5z13-00010" CitationRef="cemuw5z13-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/article/10" SectionRef="article-10">art. 10</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-7e9a696cc393d9bc932375c550787fb2" Type="F"><Para><Text>Words in s. 112(3) substituted (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1941" id="cemuw5z13-00017" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1941" Title="The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009">The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941)</Citation>, <CitationSubRef id="cemuw5z13-00018" CitationRef="cemuw5z13-00017" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/article/1/2" SectionRef="article-1-2">art. 1(2)</CitationSubRef>, <CitationSubRef id="cemuw5z13-00019" CitationRef="cemuw5z13-00017" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/schedule/1/paragraph/103/2/b" SectionRef="schedule-1-paragraph-103-2-b" Operative="true">Sch. 1 para. 103(2)(b)</CitationSubRef> (with <CitationSubRef id="cemuw5z13-00020" CitationRef="cemuw5z13-00017" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/article/10" SectionRef="article-10">art. 10</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-d2afba10551f8a45661dc746c1149d54" Type="F"><Para><Text>Word in s. 112(3)(b) substituted (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1941" id="cemuw5z13-00027" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1941" Title="The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009">The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941)</Citation>, <CitationSubRef id="cemuw5z13-00028" CitationRef="cemuw5z13-00027" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/article/1/2" SectionRef="article-1-2">art. 1(2)</CitationSubRef>, <CitationSubRef id="cemuw5z13-00029" CitationRef="cemuw5z13-00027" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/schedule/1/paragraph/103/2/c" SectionRef="schedule-1-paragraph-103-2-c" Operative="true">Sch. 1 para. 103(2)(c)</CitationSubRef> (with <CitationSubRef id="cemuw5z13-00030" CitationRef="cemuw5z13-00027" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/article/10" SectionRef="article-10">art. 10</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-0a31a8036062b714cd68733f387ab01e" Type="F"><Para><Text>Word in s. 112(4) substituted (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1941" id="cemuw5z13-00037" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1941" Title="The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009">The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941)</Citation>, <CitationSubRef id="cemuw5z13-00038" CitationRef="cemuw5z13-00037" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/article/1/2" SectionRef="article-1-2">art. 1(2)</CitationSubRef>, <CitationSubRef id="cemuw5z13-00039" CitationRef="cemuw5z13-00037" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/schedule/1/paragraph/103/2/c" SectionRef="schedule-1-paragraph-103-2-c" Operative="true">Sch. 1 para. 103(2)(c)</CitationSubRef> (with <CitationSubRef id="cemuw5z13-00040" CitationRef="cemuw5z13-00037" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/article/10" SectionRef="article-10">art. 10</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-1923d9ccb8dfbfd511a6e496b43be72f" Type="F"><Para><Text>Word in s. 112(5)(a) substituted (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1941" id="cemuw5z13-00047" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1941" Title="The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009">The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941)</Citation>, <CitationSubRef id="cemuw5z13-00048" CitationRef="cemuw5z13-00047" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/article/1/2" SectionRef="article-1-2">art. 1(2)</CitationSubRef>, <CitationSubRef id="cemuw5z13-00049" CitationRef="cemuw5z13-00047" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/schedule/1/paragraph/103/2/c" SectionRef="schedule-1-paragraph-103-2-c" Operative="true">Sch. 1 para. 103(2)(c)</CitationSubRef> (with <CitationSubRef id="cemuw5z13-00050" CitationRef="cemuw5z13-00047" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/article/10" SectionRef="article-10">art. 10</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-a48dd10638f538cfcae26bdfac859b33" Type="F"><Para><Text>S. 130 repealed (1.10.2009 for the repeal of s. 130(1)-(5)(7)) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="cepfe87m3-00005" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="cepfe87m3-00006" CitationRef="cepfe87m3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="cepfe87m3-00007" CitationRef="cepfe87m3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="cepfe87m3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="cepfe87m3-00009" CitationRef="cepfe87m3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="cepfe87m3-00010" CitationRef="cepfe87m3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="cepfe87m3-00011" CitationRef="cepfe87m3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="cepfe87m3-00012" CitationRef="cepfe87m3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="cepfe87m3-00013" CitationRef="cepfe87m3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="cepfe87m3-00014" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="cepfe87m3-00017" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-ab65effabd9fa568009f7d12481a1700" Type="F"><Para><Text><CitationSubRef id="cepg157m3-00004" SectionRef="section-136" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/136">S. 136</CitationSubRef> repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="cepg157m3-00005" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="cepg157m3-00006" CitationRef="cepg157m3-00005" SectionRef="section-1300-2" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="cepg157m3-00007" CitationRef="cepg157m3-00005" SectionRef="schedule-16" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="cepg157m3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="cepg157m3-00009" CitationRef="cepg157m3-00008" SectionRef="article-4" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4">art. 4</CitationSubRef>, <CitationSubRef id="cepg157m3-00010" CitationRef="cepg157m3-00008" SectionRef="schedule-1-part-1" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="cepg157m3-00011" CitationRef="cepg157m3-00008" SectionRef="article-7" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7">arts. 7</CitationSubRef>, <CitationSubRef id="cepg157m3-00012" CitationRef="cepg157m3-00008" SectionRef="article-8" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8">8</CitationSubRef>, <CitationSubRef id="cepg157m3-00013" CitationRef="cepg157m3-00008" SectionRef="schedule-2" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="cepg157m3-00014" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="cepg157m3-00017" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-443654c7c33309c5fff0d3740d451a23" Type="F"><Para><Text><CitationSubRef id="cepg460g3-00005" StartSectionRef="section-139-1" EndSectionRef="section-139-3" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/139/1" UpTo="http://www.legislation.gov.uk/id/ukpga/1989/40/section/139/3">S. 139(1)-(3)</CitationSubRef> repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="cepg460g3-00006" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="cepg460g3-00007" CitationRef="cepg460g3-00006" SectionRef="section-1300-2" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="cepg460g3-00008" CitationRef="cepg460g3-00006" SectionRef="schedule-16" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="cepg460g3-00009" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="cepg460g3-00010" CitationRef="cepg460g3-00009" SectionRef="article-4" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4">art. 4</CitationSubRef>, <CitationSubRef id="cepg460g3-00011" CitationRef="cepg460g3-00009" SectionRef="schedule-1-part-1" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="cepg460g3-00012" CitationRef="cepg460g3-00009" SectionRef="article-7" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7">arts. 7</CitationSubRef>, <CitationSubRef id="cepg460g3-00013" CitationRef="cepg460g3-00009" SectionRef="article-8" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8">8</CitationSubRef>, <CitationSubRef id="cepg460g3-00014" CitationRef="cepg460g3-00009" SectionRef="schedule-2" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="cepg460g3-00015" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="cepg460g3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-504112765f72a6534f24dafa883196ba" Type="F"><Para><Text>S. 144(1)-(3) repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="cepgx3ng3-00006" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="cepgx3ng3-00007" CitationRef="cepgx3ng3-00006" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="cepgx3ng3-00008" CitationRef="cepgx3ng3-00006" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="cepgx3ng3-00009" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="cepgx3ng3-00010" CitationRef="cepgx3ng3-00009" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="cepgx3ng3-00011" CitationRef="cepgx3ng3-00009" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="cepgx3ng3-00012" CitationRef="cepgx3ng3-00009" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="cepgx3ng3-00013" CitationRef="cepgx3ng3-00009" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="cepgx3ng3-00014" CitationRef="cepgx3ng3-00009" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="cepgx3ng3-00015" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="cepgx3ng3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-965b3d2597975abc435ebe2d7e76422e" Type="F"><Para><Text>Words in s. 213(2) omitted (1.10.2009) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1941" id="cepgzgko3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1941" Title="The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009">The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941)</Citation>, <CitationSubRef id="cepgzgko3-00008" CitationRef="cepgzgko3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/article/1/2" SectionRef="article-1-2">art. 1(2)</CitationSubRef>, <CitationSubRef id="cepgzgko3-00009" CitationRef="cepgzgko3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/schedule/1/paragraph/103/3" SectionRef="schedule-1-paragraph-103-3" Operative="true">Sch. 1 para. 103(3)</CitationSubRef> (with <CitationSubRef id="cepgzgko3-00010" CitationRef="cepgzgko3-00007" URI="http://www.legislation.gov.uk/id/uksi/2009/1941/article/10" SectionRef="article-10">art. 10</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-3c50e7358b53024bfa11a72d912986ed" Type="F"><Para><Text>Sch. 10 para. 1 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="ceph4rxu3-00005" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="ceph4rxu3-00006" CitationRef="ceph4rxu3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="ceph4rxu3-00007" CitationRef="ceph4rxu3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="ceph4rxu3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="ceph4rxu3-00009" CitationRef="ceph4rxu3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="ceph4rxu3-00010" CitationRef="ceph4rxu3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="ceph4rxu3-00011" CitationRef="ceph4rxu3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="ceph4rxu3-00012" CitationRef="ceph4rxu3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="ceph4rxu3-00013" CitationRef="ceph4rxu3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="ceph4rxu3-00014" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="ceph4rxu3-00017" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-9875d8da4bd7fc3245b7397f87abf8ce" Type="F"><Para><Text>Sch. 10 para. 9 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="cepk9w1a3-00005" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="cepk9w1a3-00006" CitationRef="cepk9w1a3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="cepk9w1a3-00007" CitationRef="cepk9w1a3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="cepk9w1a3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="cepk9w1a3-00009" CitationRef="cepk9w1a3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="cepk9w1a3-00010" CitationRef="cepk9w1a3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="cepk9w1a3-00011" CitationRef="cepk9w1a3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="cepk9w1a3-00012" CitationRef="cepk9w1a3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="cepk9w1a3-00013" CitationRef="cepk9w1a3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="cepk9w1a3-00014" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="cepk9w1a3-00017" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-b04e101381309bb8051a20b83248523c" Type="F"><Para><Text>Sch. 10 para. 12 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="cepkc41j3-00005" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="cepkc41j3-00006" CitationRef="cepkc41j3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="cepkc41j3-00007" CitationRef="cepkc41j3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="cepkc41j3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="cepkc41j3-00009" CitationRef="cepkc41j3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="cepkc41j3-00010" CitationRef="cepkc41j3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="cepkc41j3-00011" CitationRef="cepkc41j3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="cepkc41j3-00012" CitationRef="cepkc41j3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="cepkc41j3-00013" CitationRef="cepkc41j3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="cepkc41j3-00014" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="cepkc41j3-00017" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-e0438212babeed2937dd0175c4546af8" Type="F"><Para><Text>Sch. 10 para. 13 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="cepkdod13-00005" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="cepkdod13-00006" CitationRef="cepkdod13-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="cepkdod13-00007" CitationRef="cepkdod13-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="cepkdod13-00008" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="cepkdod13-00009" CitationRef="cepkdod13-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="cepkdod13-00010" CitationRef="cepkdod13-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="cepkdod13-00011" CitationRef="cepkdod13-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="cepkdod13-00012" CitationRef="cepkdod13-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="cepkdod13-00013" CitationRef="cepkdod13-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="cepkdod13-00014" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="cepkdod13-00017" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-0473ba9f062775697b8bfb76c32455d7" Type="F"><Para><Text>Sch. 10 para. 15 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="cepkf8t83-00005" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="cepkf8t83-00006" CitationRef="cepkf8t83-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="cepkf8t83-00007" CitationRef="cepkf8t83-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="cepkf8t83-00008" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="cepkf8t83-00009" CitationRef="cepkf8t83-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="cepkf8t83-00010" CitationRef="cepkf8t83-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="cepkf8t83-00011" CitationRef="cepkf8t83-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="cepkf8t83-00012" CitationRef="cepkf8t83-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="cepkf8t83-00013" CitationRef="cepkf8t83-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="cepkf8t83-00014" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="cepkf8t83-00017" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-8335970c9f8e2c828bc23372160f8adc" Type="F"><Para><Text>Sch. 10 para. 16 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="cepkhf2z3-00005" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="cepkhf2z3-00006" CitationRef="cepkhf2z3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="cepkhf2z3-00007" CitationRef="cepkhf2z3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="cepkhf2z3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="cepkhf2z3-00009" CitationRef="cepkhf2z3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="cepkhf2z3-00010" CitationRef="cepkhf2z3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="cepkhf2z3-00011" CitationRef="cepkhf2z3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="cepkhf2z3-00012" CitationRef="cepkhf2z3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="cepkhf2z3-00013" CitationRef="cepkhf2z3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="cepkhf2z3-00014" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="cepkhf2z3-00017" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-3f816141042d406df93771e552b0c1b1" Type="F"><Para><Text>Sch. 10 para. 17 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="cepkj5vo3-00005" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="cepkj5vo3-00006" CitationRef="cepkj5vo3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="cepkj5vo3-00007" CitationRef="cepkj5vo3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="cepkj5vo3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="cepkj5vo3-00009" CitationRef="cepkj5vo3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="cepkj5vo3-00010" CitationRef="cepkj5vo3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="cepkj5vo3-00011" CitationRef="cepkj5vo3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="cepkj5vo3-00012" CitationRef="cepkj5vo3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="cepkj5vo3-00013" CitationRef="cepkj5vo3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="cepkj5vo3-00014" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="cepkj5vo3-00017" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-f31efba66b21ef6ca88af3b7671c25c9" Type="F"><Para><Text>Sch. 10 para. 18 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="cepklavn3-00005" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="cepklavn3-00006" CitationRef="cepklavn3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="cepklavn3-00007" CitationRef="cepklavn3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="cepklavn3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="cepklavn3-00009" CitationRef="cepklavn3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="cepklavn3-00010" CitationRef="cepklavn3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="cepklavn3-00011" CitationRef="cepklavn3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="cepklavn3-00012" CitationRef="cepklavn3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="cepklavn3-00013" CitationRef="cepklavn3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="cepklavn3-00014" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="cepklavn3-00017" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-e1497930ea885ba095681d486b7ac754" Type="F"><Para><Text>Sch. 10 para. 24 repealed (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="ceplpr433-00005" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="ceplpr433-00006" CitationRef="ceplpr433-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="ceplpr433-00007" CitationRef="ceplpr433-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="ceplpr433-00008" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="ceplpr433-00009" CitationRef="ceplpr433-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="ceplpr433-00010" CitationRef="ceplpr433-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="ceplpr433-00011" CitationRef="ceplpr433-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="ceplpr433-00012" CitationRef="ceplpr433-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="ceplpr433-00013" CitationRef="ceplpr433-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="ceplpr433-00014" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="ceplpr433-00017" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-3841260b4490b4285582175ed31384cc" Type="F"><Para><Text>S. 87(2A) inserted (1.1.2010) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2007/29" id="cepmyisp3-00007" Class="UnitedKingdomPublicGeneralAct" Year="2007" Number="29" Title="Legal Services Act 2007">Legal Services Act 2007 (c. 29)</Citation>, <CitationSubRef CitationRef="cepmyisp3-00007" id="cepmyisp3-00008" URI="http://www.legislation.gov.uk/id/ukpga/2007/29/section/211/2" SectionRef="section-211-2">s. 211(2)</CitationSubRef>, <CitationSubRef CitationRef="cepmyisp3-00007" id="cepmyisp3-00009" URI="http://www.legislation.gov.uk/id/ukpga/2007/29/schedule/21/paragraph/82/b" SectionRef="schedule-21-paragraph-82-b" Operative="true">Sch. 21 para. 82(b)</CitationSubRef> (with <CitationSubRef CitationRef="cepmyisp3-00007" id="cepmyisp3-00010" URI="http://www.legislation.gov.uk/id/ukpga/2007/29/section/29" SectionRef="section-29">ss. 29</CitationSubRef>, <CitationSubRef CitationRef="cepmyisp3-00007" id="cepmyisp3-00011" URI="http://www.legislation.gov.uk/id/ukpga/2007/29/section/192" SectionRef="section-192">192</CitationSubRef>, <CitationSubRef CitationRef="cepmyisp3-00007" id="cepmyisp3-00012" URI="http://www.legislation.gov.uk/id/ukpga/2007/29/section/193" SectionRef="section-193">193</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/3250" id="cepmyisp3-00013" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="3250" Title="The Legal Services Act 2007 (Commencement No. 6, Transitory, Transitional and Saving Provisions) Order 2009">S.I. 2009/3250</Citation>, <CitationSubRef CitationRef="cepmyisp3-00013" id="cepmyisp3-00014" URI="http://www.legislation.gov.uk/id/uksi/2009/3250/article/2/h" SectionRef="article-2-h">art. 2(h)</CitationSubRef></Text></Para></Commentary><Commentary id="key-516569eaf2857d1244f65b66a094da4a" Type="F"><Para><Text>Words in s. 87(2)(c)(i) substituted (1.1.2010) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2007/29" id="cepmyisp3-00021" Class="UnitedKingdomPublicGeneralAct" Year="2007" Number="29" Title="Legal Services Act 2007">Legal Services Act 2007 (c. 29)</Citation>, <CitationSubRef CitationRef="cepmyisp3-00021" id="cepmyisp3-00022" URI="http://www.legislation.gov.uk/id/ukpga/2007/29/section/211/2" SectionRef="section-211-2">s. 211(2)</CitationSubRef>, <CitationSubRef CitationRef="cepmyisp3-00021" id="cepmyisp3-00023" URI="http://www.legislation.gov.uk/id/ukpga/2007/29/schedule/21/paragraph/82/a" SectionRef="schedule-21-paragraph-82-a" Operative="true">Sch. 21 para. 82(a)</CitationSubRef> (with <CitationSubRef CitationRef="cepmyisp3-00021" id="cepmyisp3-00024" URI="http://www.legislation.gov.uk/id/ukpga/2007/29/section/29" SectionRef="section-29">ss. 29</CitationSubRef>, <CitationSubRef CitationRef="cepmyisp3-00021" id="cepmyisp3-00025" URI="http://www.legislation.gov.uk/id/ukpga/2007/29/section/192" SectionRef="section-192">192</CitationSubRef>, <CitationSubRef CitationRef="cepmyisp3-00021" id="cepmyisp3-00026" URI="http://www.legislation.gov.uk/id/ukpga/2007/29/section/193" SectionRef="section-193">193</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/3250" id="cepmyisp3-00027" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="3250" Title="The Legal Services Act 2007 (Commencement No. 6, Transitory, Transitional and Saving Provisions) Order 2009">S.I. 2009/3250</Citation>, <CitationSubRef CitationRef="cepmyisp3-00027" id="cepmyisp3-00028" URI="http://www.legislation.gov.uk/id/uksi/2009/3250/article/2/h" SectionRef="article-2-h">art. 2(h)</CitationSubRef></Text></Para></Commentary><Commentary id="key-d2978fa04a394cd563ddae16d4fc4028" Type="F"><Para><Text>Words in s. 87(2)(d) substituted (E.W.S.) (6.4.2010) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2010/22" id="cepn9pzu3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2010" Number="22" Title="The Transfer of Tribunal Functions Order 2010">The Transfer of Tribunal Functions Order 2010 (S.I. 2010/22)</Citation>, <CitationSubRef CitationRef="cepn9pzu3-00007" id="cepn9pzu3-00008" URI="http://www.legislation.gov.uk/id/uksi/2010/22/article/1/2/e" SectionRef="article-1-2-e">art. 1(2)(e)</CitationSubRef>, <CitationSubRef CitationRef="cepn9pzu3-00007" id="cepn9pzu3-00009" URI="http://www.legislation.gov.uk/id/uksi/2010/22/schedule/2/paragraph/9/b" SectionRef="schedule-2-paragraph-9-b" Operative="true">Sch. 2 para. 9(b)</CitationSubRef> (with <CitationSubRef CitationRef="cepn9pzu3-00007" id="cepn9pzu3-00010" URI="http://www.legislation.gov.uk/id/uksi/2010/22/schedule/5" SectionRef="schedule-5">Sch. 5</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-8b850763e6971c7e1ca3dcaaf772484d" Type="F"><Para><Text>S. 87(2)(b) substituted (6.4.2010) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2010/22" id="cepn9pzu3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2010" Number="22" Title="The Transfer of Tribunal Functions Order 2010">The Transfer of Tribunal Functions Order 2010 (S.I. 2010/22)</Citation>, <CitationSubRef CitationRef="cepn9pzu3-00018" id="cepn9pzu3-00019" URI="http://www.legislation.gov.uk/id/uksi/2010/22/article/1/2/e" SectionRef="article-1-2-e">art. 1(2)(e)</CitationSubRef>, <CitationSubRef CitationRef="cepn9pzu3-00018" id="cepn9pzu3-00020" URI="http://www.legislation.gov.uk/id/uksi/2010/22/schedule/2/paragraph/9/a" SectionRef="schedule-2-paragraph-9-a" Operative="true">Sch. 2 para. 9(a)</CitationSubRef> (with <CitationSubRef CitationRef="cepn9pzu3-00018" id="cepn9pzu3-00021" URI="http://www.legislation.gov.uk/id/uksi/2010/22/schedule/5" SectionRef="schedule-5">Sch. 5</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-e8d98d00c52e064a1114cc989b42abdb" Type="C"><Para><Text><CitationSubRef id="cepnexqk3-00006" SectionRef="introduction" URI="http://www.legislation.gov.uk/id/ukpga/1989/40">Act</CitationSubRef> applied (with modifications) (8.2.2011) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2011/245" id="cepnexqk3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2011" Number="245" Title="The Investment Bank Special Administration Regulations 2011">The Investment Bank Special Administration Regulations 2011 (S.I. 2011/245)</Citation>, <CitationSubRef CitationRef="cepnexqk3-00007" id="cepnexqk3-00008" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2011/245/regulation/1">reg. 1</CitationSubRef>, <CitationSubRef CitationRef="cepnexqk3-00007" id="cepnexqk3-00009" SectionRef="schedule-6-part-1" URI="http://www.legislation.gov.uk/id/uksi/2011/245/schedule/6/part/1" Operative="true">Sch. 6 Pt. 1</CitationSubRef> (with <CitationSubRef CitationRef="cepnexqk3-00007" id="cepnexqk3-00010" SectionRef="regulation-27-a" URI="http://www.legislation.gov.uk/id/uksi/2011/245/regulation/27/a">reg. 27(a)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-2f88313ba908a7c28fd2b35fd17982ac" Type="F"><Para><Text>Words in Act substituted (22.4.2011) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2011/1043" id="cepoeq7a3-00020" Class="UnitedKingdomStatutoryInstrument" Year="2011" Number="1043" Title="The Treaty of Lisbon (Changes in Terminology) Order 2011">The Treaty of Lisbon (Changes in Terminology) Order 2011 (S.I. 2011/1043)</Citation>, <CitationSubRef CitationRef="cepoeq7a3-00020" id="cepoeq7a3-00021" URI="http://www.legislation.gov.uk/id/uksi/2011/1043/article/2" SectionRef="article-2">arts. 2</CitationSubRef>, <CitationSubRef CitationRef="cepoeq7a3-00020" id="cepoeq7a3-00022" URI="http://www.legislation.gov.uk/id/uksi/2011/1043/article/3" SectionRef="article-3" Operative="true">3</CitationSubRef>, <CitationSubRef CitationRef="cepoeq7a3-00020" id="cepoeq7a3-00023" URI="http://www.legislation.gov.uk/id/uksi/2011/1043/article/6" SectionRef="article-6">6</CitationSubRef> (with <CitationSubRef CitationRef="cepoeq7a3-00020" id="cepoeq7a3-00024" URI="http://www.legislation.gov.uk/id/uksi/2011/1043/article/3/2" SectionRef="article-3-2">art. 3(2)</CitationSubRef><CitationSubRef CitationRef="cepoeq7a3-00020" id="cepoeq7a3-00025" URI="http://www.legislation.gov.uk/id/uksi/2011/1043/article/3/3" SectionRef="article-3-3">(3)</CitationSubRef>, <CitationSubRef CitationRef="cepoeq7a3-00020" id="cepoeq7a3-00026" URI="http://www.legislation.gov.uk/id/uksi/2011/1043/article/4/2" SectionRef="article-4-2">4(2)</CitationSubRef>, <CitationSubRef CitationRef="cepoeq7a3-00020" id="cepoeq7a3-00027" URI="http://www.legislation.gov.uk/id/uksi/2011/1043/article/6/4" SectionRef="article-6-4">6(4)</CitationSubRef><CitationSubRef CitationRef="cepoeq7a3-00020" id="cepoeq7a3-00028" URI="http://www.legislation.gov.uk/id/uksi/2011/1043/article/6/5" SectionRef="article-6-5">(5)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-2a8885c5b892f1e087260139a7b9a748" Type="F"><Para><Text>Sch. 10 para. 28 omitted (22.3.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/687" id="cepor3eu3-00005" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="687" Title="The Public Bodies (Abolition of British Shipbuilders) Order 2013">The Public Bodies (Abolition of British Shipbuilders) Order 2013 (S.I. 2013/687)</Citation>, <CitationSubRef id="cepor3eu3-00006" CitationRef="cepor3eu3-00005" URI="http://www.legislation.gov.uk/id/uksi/2013/687/article/1/2" SectionRef="article-1-2">art. 1(2)</CitationSubRef>, <CitationSubRef id="cepor3eu3-00007" CitationRef="cepor3eu3-00005" URI="http://www.legislation.gov.uk/id/uksi/2013/687/schedule/1/paragraph/12" SectionRef="schedule-1-paragraph-12" Operative="true">Sch. 1 para. 12</CitationSubRef></Text></Para></Commentary><Commentary id="key-71e472bde05d56a0f0c1fa54cc63b0d1" Type="C"><Para><Text>S. 82(5) restricted (cond.) (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/442" id="cepotkc03-00279" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="442" Title="The Financial Services Act 2012 (Transitional Provisions) (Miscellaneous Provisions) Order 2013">The Financial Services Act 2012 (Transitional Provisions) (Miscellaneous Provisions) Order 2013 (S.I. 2013/442)</Citation>, <CitationSubRef id="cepotkc03-00280" CitationRef="cepotkc03-00279" URI="http://www.legislation.gov.uk/id/uksi/2013/442/article/1/3" SectionRef="article-1-3">arts. 1(3)</CitationSubRef>, <CitationSubRef id="cepotkc03-00281" CitationRef="cepotkc03-00279" URI="http://www.legislation.gov.uk/id/uksi/2013/442/article/64/3" SectionRef="article-64-3" Operative="true">64(3)</CitationSubRef></Text></Para></Commentary><Commentary id="key-f066dc44cdd9304d925c2af214a8f3ba" Type="C"><Para><Text>S. 82(3) modified (cond.) (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/442" id="cepotkc03-00340" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="442" Title="The Financial Services Act 2012 (Transitional Provisions) (Miscellaneous Provisions) Order 2013">The Financial Services Act 2012 (Transitional Provisions) (Miscellaneous Provisions) Order 2013 (S.I. 2013/442)</Citation>, <CitationSubRef id="cepotkc03-00341" CitationRef="cepotkc03-00340" URI="http://www.legislation.gov.uk/id/uksi/2013/442/article/1/3" SectionRef="article-1-3">arts. 1(3)</CitationSubRef>, <CitationSubRef id="cepotkc03-00342" CitationRef="cepotkc03-00340" URI="http://www.legislation.gov.uk/id/uksi/2013/442/article/64/2" SectionRef="article-64-2" Operative="true">64(2)</CitationSubRef></Text></Para></Commentary><Commentary id="key-cc9d6c8460b8a687bddf8c618111101f" Type="C"><Para><Text>S. 167 applied (with modifications) (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/442" id="cepotkc03-00946" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="442" Title="The Financial Services Act 2012 (Transitional Provisions) (Miscellaneous Provisions) Order 2013">The Financial Services Act 2012 (Transitional Provisions) (Miscellaneous Provisions) Order 2013 (S.I. 2013/442)</Citation>, <CitationSubRef id="cepotkc03-00947" CitationRef="cepotkc03-00946" URI="http://www.legislation.gov.uk/id/uksi/2013/442/article/1/3" SectionRef="article-1-3">arts. 1(3)</CitationSubRef>, <CitationSubRef id="cepotkc03-00948" CitationRef="cepotkc03-00946" URI="http://www.legislation.gov.uk/id/uksi/2013/442/article/67/4" SectionRef="article-67-4" Operative="true">67(4)</CitationSubRef></Text></Para></Commentary><Commentary id="key-f9885405b64a7f193b112e8e403d408b" Type="C"><Para><Text>S. 166 applied (with modifications) (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/442" id="cepotkc03-01124" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="442" Title="The Financial Services Act 2012 (Transitional Provisions) (Miscellaneous Provisions) Order 2013">The Financial Services Act 2012 (Transitional Provisions) (Miscellaneous Provisions) Order 2013 (S.I. 2013/442)</Citation>, <CitationSubRef CitationRef="cepotkc03-01124" id="cepotkc03-01125" URI="http://www.legislation.gov.uk/id/uksi/2013/442/article/1/3" SectionRef="article-1-3">arts. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="cepotkc03-01124" id="cepotkc03-01126" URI="http://www.legislation.gov.uk/id/uksi/2013/442/article/67/4" SectionRef="article-67-4" Operative="true">67(4)</CitationSubRef></Text></Para></Commentary><Commentary id="key-2e0315e6991bb9a885cae99cb76bf4b6" Type="F"><Para><Text>S. 82(3A) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cepp204k3-00007" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cepp204k3-00008" CitationRef="cepp204k3-00007" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cepp204k3-00009" CitationRef="cepp204k3-00007" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/63/4" SectionRef="schedule-18-paragraph-63-4" Operative="true">Sch. 18 para. 63(4)</CitationSubRef> (with <CitationSubRef id="cepp204k3-00010" CitationRef="cepp204k3-00007" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cepp204k3-00011" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cepp204k3-00012" CitationRef="cepp204k3-00011" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cepp204k3-00013" CitationRef="cepp204k3-00011" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-d4e68a0eb508394982370acd6034b0e5" Type="F"><Para><Text>S. 82(2)(a)(iii) omitted (1.4.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cepp204k3-00018" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cepp204k3-00019" CitationRef="cepp204k3-00018" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cepp204k3-00020" CitationRef="cepp204k3-00018" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/63/2/b" SectionRef="schedule-18-paragraph-63-2-b" Operative="true">Sch. 18 para. 63(2)(b)</CitationSubRef> (with <CitationSubRef id="cepp204k3-00021" CitationRef="cepp204k3-00018" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cepp204k3-00022" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cepp204k3-00023" CitationRef="cepp204k3-00022" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cepp204k3-00024" CitationRef="cepp204k3-00022" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-3de7d6b6e950e11b6267b77b0d08e3d1" Type="F"><Para><Text>Words in s. 82(2)(a)(ii) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cepp204k3-00031" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cepp204k3-00032" CitationRef="cepp204k3-00031" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cepp204k3-00033" CitationRef="cepp204k3-00031" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/63/2/a" SectionRef="schedule-18-paragraph-63-2-a" Operative="true">Sch. 18 para. 63(2)(a)</CitationSubRef> (with <CitationSubRef id="cepp204k3-00034" CitationRef="cepp204k3-00031" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cepp204k3-00035" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cepp204k3-00036" CitationRef="cepp204k3-00035" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cepp204k3-00037" CitationRef="cepp204k3-00035" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-399240046f83c479250c7256ae604c49" Type="F"><Para><Text>Words in s. 82(5) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cepp204k3-00044" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cepp204k3-00045" CitationRef="cepp204k3-00044" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cepp204k3-00046" CitationRef="cepp204k3-00044" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/63/5/a" SectionRef="schedule-18-paragraph-63-5-a" Operative="true">Sch. 18 para. 63(5)(a)</CitationSubRef> (with <CitationSubRef id="cepp204k3-00047" CitationRef="cepp204k3-00044" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cepp204k3-00048" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cepp204k3-00049" CitationRef="cepp204k3-00048" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cepp204k3-00050" CitationRef="cepp204k3-00048" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-09f72a7f226a1fc703d888070a61ef70" Type="F"><Para><Text>Words in s. 82(5) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cepp204k3-00057" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cepp204k3-00058" CitationRef="cepp204k3-00057" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cepp204k3-00059" CitationRef="cepp204k3-00057" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/63/5/b" SectionRef="schedule-18-paragraph-63-5-b" Operative="true">Sch. 18 para. 63(5)(b)</CitationSubRef> (with <CitationSubRef id="cepp204k3-00060" CitationRef="cepp204k3-00057" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cepp204k3-00061" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cepp204k3-00062" CitationRef="cepp204k3-00061" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cepp204k3-00063" CitationRef="cepp204k3-00061" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-573fbd4b6f4cf6efbe842f12f9e36ee4" Type="F"><Para><Text>Words in s. 82(5) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cepp204k3-00070" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cepp204k3-00071" CitationRef="cepp204k3-00070" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cepp204k3-00072" CitationRef="cepp204k3-00070" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/63/5/c" SectionRef="schedule-18-paragraph-63-5-c" Operative="true">Sch. 18 para. 63(5)(c)</CitationSubRef> (with <CitationSubRef id="cepp204k3-00073" CitationRef="cepp204k3-00070" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cepp204k3-00074" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cepp204k3-00075" CitationRef="cepp204k3-00074" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cepp204k3-00076" CitationRef="cepp204k3-00074" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-05caa52904204ec9b2055917a30888d0" Type="F"><Para><Text>Words in s. 82(3) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cepp204k3-00092" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cepp204k3-00093" CitationRef="cepp204k3-00092" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cepp204k3-00094" CitationRef="cepp204k3-00092" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/63/3" SectionRef="schedule-18-paragraph-63-3" Operative="true">Sch. 18 para. 63(3)</CitationSubRef> (with <CitationSubRef id="cepp204k3-00095" CitationRef="cepp204k3-00092" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cepp204k3-00096" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cepp204k3-00097" CitationRef="cepp204k3-00096" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cepp204k3-00098" CitationRef="cepp204k3-00096" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-204881c6ff612b869822e29458d900df" Type="F"><Para><Text>S. 163(1) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cetzc2p73-00008" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cetzc2p73-00009" CitationRef="cetzc2p73-00008" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cetzc2p73-00010" CitationRef="cetzc2p73-00008" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/8" SectionRef="regulation-4-8" Operative="true">4(8)</CitationSubRef> (with <CitationSubRef id="cetzc2p73-00011" CitationRef="cetzc2p73-00008" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-2b311b610753c1db749439f5becace35" Type="F"><Para><Text>Ss. 170A, 170B inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceu0cnyu3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef CitationRef="ceu0cnyu3-00018" id="ceu0cnyu3-00019" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="ceu0cnyu3-00018" id="ceu0cnyu3-00020" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/12" SectionRef="regulation-4-12" Operative="true">4(12)</CitationSubRef> (with <CitationSubRef CitationRef="ceu0cnyu3-00018" id="ceu0cnyu3-00021" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-2b728c3bc03efafc711ed324673ddbe0" Type="F"><Para><Text>S. 187(2A) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceu1c0x13-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="ceu1c0x13-00008" CitationRef="ceu1c0x13-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="ceu1c0x13-00009" CitationRef="ceu1c0x13-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/16" SectionRef="regulation-4-16" Operative="true">4(16)</CitationSubRef> (with <CitationSubRef id="ceu1c0x13-00010" CitationRef="ceu1c0x13-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-159cf2633fd7085e61ef866df944f08f" Type="F"><Para><Text>S. 166(3A)-(3C) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceu20qql3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef CitationRef="ceu20qql3-00007" id="ceu20qql3-00008" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00007" id="ceu20qql3-00009" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/11/b" SectionRef="regulation-4-11-b" Operative="true">4(11)(b)</CitationSubRef> (with <CitationSubRef CitationRef="ceu20qql3-00007" id="ceu20qql3-00010" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-632c776592626c3fc03aabdbcf58af89" Type="F"><Para><Text>S. 166(7A)(7B) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="ceu20qql3-00018" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="ceu20qql3-00018" id="ceu20qql3-00019" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/111/6" SectionRef="section-111-6" Operative="true">ss. 111(6)</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00018" id="ceu20qql3-00020" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">122(3)</CitationSubRef> (with <CitationSubRef CitationRef="ceu20qql3-00018" id="ceu20qql3-00021" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="ceu20qql3-00022" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="ceu20qql3-00022" id="ceu20qql3-00023" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00022" id="ceu20qql3-00024" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-6e1c661d7358a3f86093218659885286" Type="F"><Para><Text>S. 166(9) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="ceu20qql3-00031" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="ceu20qql3-00031" id="ceu20qql3-00032" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/111/8" SectionRef="section-111-8" Operative="true">ss. 111(8)</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00031" id="ceu20qql3-00033" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">122(3)</CitationSubRef> (with <CitationSubRef CitationRef="ceu20qql3-00031" id="ceu20qql3-00034" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="ceu20qql3-00035" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="ceu20qql3-00035" id="ceu20qql3-00036" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00035" id="ceu20qql3-00037" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-14696e66705586d3891a06a5be5b49c0" Type="F"><Para><Text>Words in s. 166(2)(a) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="ceu20qql3-00053" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="ceu20qql3-00053" id="ceu20qql3-00054" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/111/2/a" SectionRef="section-111-2-a" Operative="true">ss. 111(2)(a)</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00053" id="ceu20qql3-00055" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">122(3)</CitationSubRef> (with <CitationSubRef CitationRef="ceu20qql3-00053" id="ceu20qql3-00056" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="ceu20qql3-00057" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="ceu20qql3-00057" id="ceu20qql3-00058" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00057" id="ceu20qql3-00059" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-a4397d5bf694b40cd63198b2f17a2afb" Type="F"><Para><Text>Word in s. 166(2)(a) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="ceu20qql3-00066" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="ceu20qql3-00066" id="ceu20qql3-00067" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/111/2/b" SectionRef="section-111-2-b" Operative="true">ss. 111(2)(b)</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00066" id="ceu20qql3-00068" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">122(3)</CitationSubRef> (with <CitationSubRef CitationRef="ceu20qql3-00066" id="ceu20qql3-00069" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="ceu20qql3-00070" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="ceu20qql3-00070" id="ceu20qql3-00071" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00070" id="ceu20qql3-00072" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-0e3208affe3264943889362367440ab4" Type="F"><Para><Text>Words in s. 166(2)(b) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="ceu20qql3-00079" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="ceu20qql3-00079" id="ceu20qql3-00080" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/111/3/a" SectionRef="section-111-3-a" Operative="true">ss. 111(3)(a)</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00079" id="ceu20qql3-00081" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">122(3)</CitationSubRef> (with <CitationSubRef CitationRef="ceu20qql3-00079" id="ceu20qql3-00082" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="ceu20qql3-00083" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="ceu20qql3-00083" id="ceu20qql3-00084" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00083" id="ceu20qql3-00085" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-82a8a7cbf9f00bc803a1a44e94d6d7a9" Type="F"><Para><Text>Word in s. 166(2)(b) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="ceu20qql3-00092" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="ceu20qql3-00092" id="ceu20qql3-00093" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/111/3/b" SectionRef="section-111-3-b" Operative="true">ss. 111(3)(b)</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00092" id="ceu20qql3-00094" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">122(3)</CitationSubRef> (with <CitationSubRef CitationRef="ceu20qql3-00092" id="ceu20qql3-00095" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="ceu20qql3-00096" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="ceu20qql3-00096" id="ceu20qql3-00097" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00096" id="ceu20qql3-00098" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-1ba97aac205211258c38da05009d5c46" Type="F"><Para><Text>Words in s. 166(3) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="ceu20qql3-00105" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="ceu20qql3-00105" id="ceu20qql3-00106" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/111/4/a" SectionRef="section-111-4-a" Operative="true">ss. 111(4)(a)</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00105" id="ceu20qql3-00107" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">122(3)</CitationSubRef> (with <CitationSubRef CitationRef="ceu20qql3-00105" id="ceu20qql3-00108" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="ceu20qql3-00109" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="ceu20qql3-00109" id="ceu20qql3-00110" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00109" id="ceu20qql3-00111" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-a5603b30d22601ba60e48baea121f995" Type="F"><Para><Text>Word in s. 166(3) omitted (1.4.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="ceu20qql3-00118" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="ceu20qql3-00118" id="ceu20qql3-00119" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/111/4/b" SectionRef="section-111-4-b" Operative="true">ss. 111(4)(b)</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00118" id="ceu20qql3-00120" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">122(3)</CitationSubRef> (with <CitationSubRef CitationRef="ceu20qql3-00118" id="ceu20qql3-00121" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="ceu20qql3-00122" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="ceu20qql3-00122" id="ceu20qql3-00123" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00122" id="ceu20qql3-00124" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-d5112472526a59c987e5c81c25bc37ca" Type="F"><Para><Text>S. 166(3)(c)(d) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="ceu20qql3-00132" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="ceu20qql3-00132" id="ceu20qql3-00133" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/111/4/c" SectionRef="section-111-4-c" Operative="true">ss. 111(4)(c)</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00132" id="ceu20qql3-00134" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">122(3)</CitationSubRef> (with <CitationSubRef CitationRef="ceu20qql3-00132" id="ceu20qql3-00135" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="ceu20qql3-00136" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="ceu20qql3-00136" id="ceu20qql3-00137" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00136" id="ceu20qql3-00138" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-e048567d0136378cc4a9e578e9e972eb" Type="F"><Para><Text>Words in s. 166(7) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="ceu20qql3-00145" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="ceu20qql3-00145" id="ceu20qql3-00146" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/111/5/a" SectionRef="section-111-5-a" Operative="true">ss. 111(5)(a)</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00145" id="ceu20qql3-00147" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">122(3)</CitationSubRef> (with <CitationSubRef CitationRef="ceu20qql3-00145" id="ceu20qql3-00148" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="ceu20qql3-00149" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="ceu20qql3-00149" id="ceu20qql3-00150" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00149" id="ceu20qql3-00151" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-2005f8ccc1feda88913c7b78589eadd0" Type="F"><Para><Text>Words in s. 166(7) omitted (1.4.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="ceu20qql3-00158" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="ceu20qql3-00158" id="ceu20qql3-00159" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/111/5/b" SectionRef="section-111-5-b" Operative="true">ss. 111(5)(b)</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00158" id="ceu20qql3-00160" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">122(3)</CitationSubRef> (with <CitationSubRef CitationRef="ceu20qql3-00158" id="ceu20qql3-00161" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="ceu20qql3-00162" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="ceu20qql3-00162" id="ceu20qql3-00163" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00162" id="ceu20qql3-00164" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-c6eca56a177f32d0187cfb270e39cd00" Type="F"><Para><Text>Words in s. 166(8) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceu20qql3-00171" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef CitationRef="ceu20qql3-00171" id="ceu20qql3-00172" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00171" id="ceu20qql3-00173" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/11/c" SectionRef="regulation-4-11-c" Operative="true">4(11)(c)</CitationSubRef> (with <CitationSubRef CitationRef="ceu20qql3-00171" id="ceu20qql3-00174" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-937fafa670427dc749fd106b9f778a88" Type="F"><Para><Text>Words in s. 166(8) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="ceu20qql3-00181" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="ceu20qql3-00181" id="ceu20qql3-00182" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/111/7" SectionRef="section-111-7" Operative="true">ss. 111(7)</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00181" id="ceu20qql3-00183" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">122(3)</CitationSubRef> (with <CitationSubRef CitationRef="ceu20qql3-00181" id="ceu20qql3-00184" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="ceu20qql3-00185" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="ceu20qql3-00185" id="ceu20qql3-00186" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00185" id="ceu20qql3-00187" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-8693f4126ef048df7e3bfc57321d0254" Type="F"><Para><Text>Words in s. 166(1) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceu20qql3-00194" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef CitationRef="ceu20qql3-00194" id="ceu20qql3-00195" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00194" id="ceu20qql3-00196" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/11/a" SectionRef="regulation-4-11-a" Operative="true">4(11)(a)</CitationSubRef> (with <CitationSubRef CitationRef="ceu20qql3-00194" id="ceu20qql3-00197" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-665345ddc39a78900379e2d0f84e8006" Type="F"><Para><Text>Words in s. 166(9)(b) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceu20qql3-00204" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef CitationRef="ceu20qql3-00204" id="ceu20qql3-00205" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="ceu20qql3-00204" id="ceu20qql3-00206" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/11/d" SectionRef="regulation-4-11-d" Operative="true">4(11)(d)</CitationSubRef> (with <CitationSubRef CitationRef="ceu20qql3-00204" id="ceu20qql3-00207" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-a3882101e390277a024570c4b6efea84" Type="F"><Para><Text>S. 159(1)(d)-(h) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceu5u7um3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="ceu5u7um3-00008" CitationRef="ceu5u7um3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="ceu5u7um3-00009" CitationRef="ceu5u7um3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/6/b" SectionRef="regulation-4-6-b" Operative="true">4(6)(b)</CitationSubRef> (with <CitationSubRef id="ceu5u7um3-00010" CitationRef="ceu5u7um3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-a68efdafd7847fa5180bdc28d5fb7e06" Type="F"><Para><Text>Words in s. 159(1)(c) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceu5u7um3-00027" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="ceu5u7um3-00028" CitationRef="ceu5u7um3-00027" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="ceu5u7um3-00029" CitationRef="ceu5u7um3-00027" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/6/a/ii" SectionRef="regulation-4-6-a-ii" Operative="true">4(6)(a)(ii)</CitationSubRef> (with <CitationSubRef id="ceu5u7um3-00030" CitationRef="ceu5u7um3-00027" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-d93808657d7899f690dbc9b8ba95ed00" Type="F"><Para><Text>Words in s. 159(2) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceu5u7um3-00037" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="ceu5u7um3-00038" CitationRef="ceu5u7um3-00037" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="ceu5u7um3-00039" CitationRef="ceu5u7um3-00037" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/6/c" SectionRef="regulation-4-6-c" Operative="true">4(6)(c)</CitationSubRef> (with <CitationSubRef id="ceu5u7um3-00040" CitationRef="ceu5u7um3-00037" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-8bb1d2e9178a2d0c189a6bc74c7e7196" Type="F"><Para><Text>S. 159(2)(c)-(g) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceu6wwqi3-00057" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="ceu6wwqi3-00058" CitationRef="ceu6wwqi3-00057" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="ceu6wwqi3-00059" CitationRef="ceu6wwqi3-00057" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/6/f" SectionRef="regulation-4-6-f" Operative="true">4(6)(f)</CitationSubRef> (with <CitationSubRef id="ceu6wwqi3-00060" CitationRef="ceu6wwqi3-00057" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-8e5954ba6ebd2d014d33bdf3fe433abd" Type="F"><Para><Text>Word in s. 159(2)(a) omitted (1.4.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceu7ghmq3-00077" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="ceu7ghmq3-00078" CitationRef="ceu7ghmq3-00077" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="ceu7ghmq3-00079" CitationRef="ceu7ghmq3-00077" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/6/d/iii" SectionRef="regulation-4-6-d-iii" Operative="true">4(6)(d)(iii)</CitationSubRef> (with <CitationSubRef id="ceu7ghmq3-00080" CitationRef="ceu7ghmq3-00077" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-0643e2cb3866afe04df5cdd43d96dd6b" Type="F"><Para><Text>S. 155(1A) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceu9vuzr3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="ceu9vuzr3-00008" CitationRef="ceu9vuzr3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="ceu9vuzr3-00009" CitationRef="ceu9vuzr3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/2/b" SectionRef="regulation-4-2-b" Operative="true">4(2)(b)</CitationSubRef> (with <CitationSubRef id="ceu9vuzr3-00010" CitationRef="ceu9vuzr3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-f12bdaf09ceca021c8ca8e024832fdf8" Type="F"><Para><Text>S. 155(2B)(2C) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceu9vuzr3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="ceu9vuzr3-00019" CitationRef="ceu9vuzr3-00018" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="ceu9vuzr3-00020" CitationRef="ceu9vuzr3-00018" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/2/c" SectionRef="regulation-4-2-c" Operative="true">4(2)(c)</CitationSubRef> (with <CitationSubRef id="ceu9vuzr3-00021" CitationRef="ceu9vuzr3-00018" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-7ebc3bc1a1f4bb74d5f0859cfdf44884" Type="F"><Para><Text>Words in s. 155(3) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceu9vuzr3-00028" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="ceu9vuzr3-00029" CitationRef="ceu9vuzr3-00028" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="ceu9vuzr3-00030" CitationRef="ceu9vuzr3-00028" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/2/d" SectionRef="regulation-4-2-d" Operative="true">4(2)(d)</CitationSubRef> (with <CitationSubRef id="ceu9vuzr3-00031" CitationRef="ceu9vuzr3-00028" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-13e8bcd05277224d059197a3a77c62c8" Type="F"><Para><Text>S. 155(1) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceu9vuzr3-00039" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="ceu9vuzr3-00040" CitationRef="ceu9vuzr3-00039" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="ceu9vuzr3-00041" CitationRef="ceu9vuzr3-00039" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/2/a" SectionRef="regulation-4-2-a" Operative="true">4(2)(a)</CitationSubRef> (with <CitationSubRef id="ceu9vuzr3-00042" CitationRef="ceu9vuzr3-00039" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-5cdfc215b493ac8fa31fd023d6b6de8b" Type="F"><Para><Text>Words in s. 166 heading omitted (1.4.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="ceuaif1p3-00038" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="ceuaif1p3-00038" id="ceuaif1p3-00039" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/111/9" SectionRef="section-111-9" Operative="true">ss. 111(9)</CitationSubRef>, <CitationSubRef CitationRef="ceuaif1p3-00038" id="ceuaif1p3-00040" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">122(3)</CitationSubRef> (with <CitationSubRef CitationRef="ceuaif1p3-00038" id="ceuaif1p3-00041" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="ceuaif1p3-00042" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="ceuaif1p3-00042" id="ceuaif1p3-00043" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="ceuaif1p3-00042" id="ceuaif1p3-00044" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-37b8cae49b132e9345d0699c87cbb0fe" Type="F"><Para><Text>S. 155A inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceuazhxr3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="ceuazhxr3-00009" CitationRef="ceuazhxr3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cc132445658855" CitationRef="ceuazhxr3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/3" SectionRef="regulation-4-3" Operative="true">4(3)</CitationSubRef> (with <CitationSubRef id="ceuazhxr3-00010" CitationRef="ceuazhxr3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-a415db5e050a8dfb20990a7418154458" Type="F"><Para><Text>S. 182A inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="ceub9pum3-00028" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="ceub9pum3-00029" CitationRef="ceub9pum3-00028" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="ceub9pum3-00030" CitationRef="ceub9pum3-00028" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/15" SectionRef="regulation-4-15" Operative="true">4(15)</CitationSubRef> (with <CitationSubRef id="ceub9pum3-00031" CitationRef="ceub9pum3-00028" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-ecb02bb4528f563993a115bcac7a12f0" Type="F"><Para><Text>Words in s. 87(4) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cevf18e53-00007" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="cevf18e53-00007" id="cevf18e53-00008" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef CitationRef="cevf18e53-00007" id="cevf18e53-00009" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/64/3" SectionRef="schedule-18-paragraph-64-3" Operative="true">Sch. 18 para. 64(3)</CitationSubRef> (with <CitationSubRef CitationRef="cevf18e53-00007" id="cevf18e53-00010" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cevf18e53-00011" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="cevf18e53-00011" id="cevf18e53-00012" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="cevf18e53-00011" id="cevf18e53-00013" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-b94d7026847db4d74042f2e5a9e39b25" Type="F"><Para><Text>S. 87(2)(b)(i)(ia) substituted for s. 87(2)(b)(i) (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cevf4qv23-00025" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="cevf4qv23-00025" id="cevf4qv23-00026" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef CitationRef="cevf4qv23-00025" id="cevf4qv23-00027" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/64/2" SectionRef="schedule-18-paragraph-64-2" Operative="true">Sch. 18 para. 64(2)</CitationSubRef> (with <CitationSubRef CitationRef="cevf4qv23-00025" id="cevf4qv23-00028" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cevf4qv23-00029" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="cevf4qv23-00029" id="cevf4qv23-00030" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="cevf4qv23-00029" id="cevf4qv23-00031" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-1b0b6c603989cf43bb90784a26efdd6e" Type="F"><Para><Text>Words in s. 167(1B) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cevg1nac3-00029" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cevg1nac3-00030" CitationRef="cevg1nac3-00029" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cevg1nac3-00031" CitationRef="cevg1nac3-00029" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/67/2" SectionRef="schedule-18-paragraph-67-2" Operative="true">Sch. 18 para. 67(2)</CitationSubRef> (with <CitationSubRef id="cevg1nac3-00032" CitationRef="cevg1nac3-00029" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cevg1nac3-00033" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cevg1nac3-00034" CitationRef="cevg1nac3-00033" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cevg1nac3-00035" CitationRef="cevg1nac3-00033" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-2ca1b1547a1f61faed65d21bf1df00e8" Type="F"><Para><Text>Words in s. 167(3) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cevg1nac3-00042" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cevg1nac3-00043" CitationRef="cevg1nac3-00042" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cevg1nac3-00044" CitationRef="cevg1nac3-00042" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/67/2" SectionRef="schedule-18-paragraph-67-2" Operative="true">Sch. 18 para. 67(2)</CitationSubRef> (with <CitationSubRef id="cevg1nac3-00045" CitationRef="cevg1nac3-00042" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cevg1nac3-00046" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cevg1nac3-00047" CitationRef="cevg1nac3-00046" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cevg1nac3-00048" CitationRef="cevg1nac3-00046" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-cdf7005d2e7b140d01e454ff3b78857a" Type="F"><Para><Text>Words in s. 167(4) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cevg1nac3-00055" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cevg1nac3-00056" CitationRef="cevg1nac3-00055" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cevg1nac3-00057" CitationRef="cevg1nac3-00055" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/67/2" SectionRef="schedule-18-paragraph-67-2" Operative="true">Sch. 18 para. 67(2)</CitationSubRef> (with <CitationSubRef id="cevg1nac3-00058" CitationRef="cevg1nac3-00055" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cevg1nac3-00059" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cevg1nac3-00060" CitationRef="cevg1nac3-00059" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cevg1nac3-00061" CitationRef="cevg1nac3-00059" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-27580204aab098e0779e7ce46e6a601b" Type="F"><Para><Text>Words in s. 167(5) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cevg1nac3-00068" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cevg1nac3-00069" CitationRef="cevg1nac3-00068" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cevg1nac3-00070" CitationRef="cevg1nac3-00068" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/67/2" SectionRef="schedule-18-paragraph-67-2" Operative="true">Sch. 18 para. 67(2)</CitationSubRef> (with <CitationSubRef id="cevg1nac3-00071" CitationRef="cevg1nac3-00068" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cevg1nac3-00072" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cevg1nac3-00073" CitationRef="cevg1nac3-00072" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cevg1nac3-00074" CitationRef="cevg1nac3-00072" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-88787b676b251c95a9dbcf1177be5ac8" Type="F"><Para><Text>S. 169(3A)(b)(c) substituted for s. 169(3A)(b) (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cevgi1s03-00009" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cevgi1s03-00010" CitationRef="cevgi1s03-00009" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cevgi1s03-00011" CitationRef="cevgi1s03-00009" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/68/2" SectionRef="schedule-18-paragraph-68-2" Operative="true">Sch. 18 para. 68(2)</CitationSubRef> (with <CitationSubRef id="cevgi1s03-00012" CitationRef="cevgi1s03-00009" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cevgi1s03-00013" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cevgi1s03-00014" CitationRef="cevgi1s03-00013" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cevgi1s03-00015" CitationRef="cevgi1s03-00013" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-c508544e5b4a3ca26a12c04fe555a2b3" Type="F"><Para><Text>Words in s. 169(5) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cevgi1s03-00022" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cevgi1s03-00023" CitationRef="cevgi1s03-00022" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cevgi1s03-00024" CitationRef="cevgi1s03-00022" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/68/3" SectionRef="schedule-18-paragraph-68-3" Operative="true">Sch. 18 para. 68(3)</CitationSubRef> (with <CitationSubRef id="cevgi1s03-00025" CitationRef="cevgi1s03-00022" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cevgi1s03-00026" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cevgi1s03-00027" CitationRef="cevgi1s03-00026" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cevgi1s03-00028" CitationRef="cevgi1s03-00026" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-a49f96ba78695142650327d099f1f1d0" Type="F"><Para><Text>S. 190(6)-(6B) substituted for s. 190(6) (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cevhxiv63-00018" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef CitationRef="cevhxiv63-00018" id="cevhxiv63-00019" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="cevhxiv63-00018" id="cevhxiv63-00020" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/18/e" SectionRef="regulation-4-18-e" Operative="true">4(18)(e)</CitationSubRef> (with <CitationSubRef CitationRef="cevhxiv63-00018" id="cevhxiv63-00021" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-171228a588d7f73d9f1f0362cf2b6097" Type="F"><Para><Text>Words in s. 190 omitted (1.4.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cevhxiv63-00028" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="cevhxiv63-00028" id="cevhxiv63-00029" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef CitationRef="cevhxiv63-00028" id="cevhxiv63-00030" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/70/2" SectionRef="schedule-18-paragraph-70-2" Operative="true">Sch. 18 para. 70(2)</CitationSubRef> (with <CitationSubRef CitationRef="cevhxiv63-00028" id="cevhxiv63-00031" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cevhxiv63-00032" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="cevhxiv63-00032" id="cevhxiv63-00033" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="cevhxiv63-00032" id="cevhxiv63-00034" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-caf364f0714cea7d95e3ab391cd7076a" Type="F"><Para><Text>Words in s. 190 inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cevhxiv63-00041" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="cevhxiv63-00041" id="cevhxiv63-00042" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef CitationRef="cevhxiv63-00041" id="cevhxiv63-00043" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/70/3" SectionRef="schedule-18-paragraph-70-3" Operative="true">Sch. 18 para. 70(3)</CitationSubRef> (with <CitationSubRef CitationRef="cevhxiv63-00041" id="cevhxiv63-00044" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cevhxiv63-00045" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="cevhxiv63-00045" id="cevhxiv63-00046" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="cevhxiv63-00045" id="cevhxiv63-00047" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-740754bad341d119f6657f6b5cb25083" Type="F"><Para><Text>Words in s. 190 inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cevhxiv63-00054" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="cevhxiv63-00054" id="cevhxiv63-00055" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef CitationRef="cevhxiv63-00054" id="cevhxiv63-00056" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/70/4" SectionRef="schedule-18-paragraph-70-4" Operative="true">Sch. 18 para. 70(4)</CitationSubRef> (with <CitationSubRef CitationRef="cevhxiv63-00054" id="cevhxiv63-00057" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cevhxiv63-00058" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="cevhxiv63-00058" id="cevhxiv63-00059" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="cevhxiv63-00058" id="cevhxiv63-00060" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-ad229b7c72fbe5b37d282c8d14df1a40" Type="F"><Para><Text>Words in s. 190(1) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cevhxiv63-00067" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef CitationRef="cevhxiv63-00067" id="cevhxiv63-00068" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="cevhxiv63-00067" id="cevhxiv63-00069" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/18/a" SectionRef="regulation-4-18-a" Operative="true">4(18)(a)</CitationSubRef> (with <CitationSubRef CitationRef="cevhxiv63-00067" id="cevhxiv63-00070" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-b5d25aacf255ffdc65167d0f443f1e7d" Type="F"><Para><Text>Words in s. 190(1) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cevkrhal3-00087" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef CitationRef="cevkrhal3-00087" id="cevkrhal3-00088" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="cevkrhal3-00087" id="cevkrhal3-00089" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/18/b/ii" SectionRef="regulation-4-18-b-ii" Operative="true">4(18)(b)(ii)</CitationSubRef> (with <CitationSubRef CitationRef="cevkrhal3-00087" id="cevkrhal3-00090" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-cc71f1af3201816630332987231e2dd3" Type="F"><Para><Text>S. 190(2) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cevkrhal3-00098" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef CitationRef="cevkrhal3-00098" id="cevkrhal3-00099" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="cevkrhal3-00098" id="cevkrhal3-00100" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/18/c" SectionRef="regulation-4-18-c" Operative="true">4(18)(c)</CitationSubRef> (with <CitationSubRef CitationRef="cevkrhal3-00098" id="cevkrhal3-00101" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-5427f81ccb7d2af967486a45511b803c" Type="F"><Para><Text>Words in s. 213(5)(d) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cevl9dkd3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cevl9dkd3-00008" CitationRef="cevl9dkd3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cevl9dkd3-00009" CitationRef="cevl9dkd3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/20" SectionRef="regulation-4-20" Operative="true">4(20)</CitationSubRef> (with <CitationSubRef id="cevl9dkd3-00010" CitationRef="cevl9dkd3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-66bdffea69a88ce9fd26097c2a3383c0" Type="F"><Para><Text>S. 157(4) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cevlqqq73-00007" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cevlqqq73-00008" CitationRef="cevlqqq73-00007" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cevlqqq73-00009" CitationRef="cevlqqq73-00007" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/65/3" SectionRef="schedule-18-paragraph-65-3" Operative="true">Sch. 18 para. 65(3)</CitationSubRef> (with <CitationSubRef id="cevlqqq73-00010" CitationRef="cevlqqq73-00007" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cevlqqq73-00011" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cevlqqq73-00012" CitationRef="cevlqqq73-00011" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cevlqqq73-00013" CitationRef="cevlqqq73-00011" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-44f7c2ecf0db5e6e7f293014621b8377" Type="F"><Para><Text>Words in s. 157(1) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cevlqqq73-00030" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cevlqqq73-00031" CitationRef="cevlqqq73-00030" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cevlqqq73-00032" CitationRef="cevlqqq73-00030" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/4/a/ii" SectionRef="regulation-4-4-a-ii" Operative="true">4(4)(a)(ii)</CitationSubRef> (with <CitationSubRef id="cevlqqq73-00033" CitationRef="cevlqqq73-00030" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-02920cac2a6734c79bd3d4c247342036" Type="F"><Para><Text>Words in s. 157(1) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cevlqqq73-00040" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cevlqqq73-00041" CitationRef="cevlqqq73-00040" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cevlqqq73-00042" CitationRef="cevlqqq73-00040" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/65/2/a" SectionRef="schedule-18-paragraph-65-2-a" Operative="true">Sch. 18 para. 65(2)(a)</CitationSubRef> (with <CitationSubRef id="cevlqqq73-00043" CitationRef="cevlqqq73-00040" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cevlqqq73-00044" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cevlqqq73-00045" CitationRef="cevlqqq73-00044" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cevlqqq73-00046" CitationRef="cevlqqq73-00044" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-d92a1486454f35230617599a47475db7" Type="F"><Para><Text>Word in s. 157(1) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cevlqqq73-00053" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cevlqqq73-00054" CitationRef="cevlqqq73-00053" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cevlqqq73-00055" CitationRef="cevlqqq73-00053" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/65/2/b" SectionRef="schedule-18-paragraph-65-2-b" Operative="true">Sch. 18 para. 65(2)(b)</CitationSubRef> (with <CitationSubRef id="cevlqqq73-00056" CitationRef="cevlqqq73-00053" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cevlqqq73-00057" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cevlqqq73-00058" CitationRef="cevlqqq73-00057" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cevlqqq73-00059" CitationRef="cevlqqq73-00057" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-496d11c31e623733a2f795ac9cd2a04d" Type="F"><Para><Text> S. 157(1A) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cevlqqq73-00066" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cevlqqq73-00067" CitationRef="cevlqqq73-00066" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cevlqqq73-00068" CitationRef="cevlqqq73-00066" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/4/b" SectionRef="regulation-4-4-b" Operative="true">4(4)(b)</CitationSubRef> (with <CitationSubRef id="cevlqqq73-00069" CitationRef="cevlqqq73-00066" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-bb4a5889b48023b2d5337622a221ac15" Type="F"><Para><Text>Words in s. 157(4)(b) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cevlqqq73-00076" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cevlqqq73-00077" CitationRef="cevlqqq73-00076" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cevlqqq73-00078" CitationRef="cevlqqq73-00076" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/4/c" SectionRef="regulation-4-4-c" Operative="true">4(4)(c)</CitationSubRef> (with <CitationSubRef id="cevlqqq73-00079" CitationRef="cevlqqq73-00076" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-92654e433b02744bbff9d1fbd90a1b34" Type="F"><Para><Text>S. 158(1) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cevmt8dz3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cevmt8dz3-00009" CitationRef="cevmt8dz3-00008" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cevmt8dz3-00010" CitationRef="cevmt8dz3-00008" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/5/a" SectionRef="regulation-4-5-a" Operative="true">4(5)(a)</CitationSubRef> (with <CitationSubRef id="cevmt8dz3-00011" CitationRef="cevmt8dz3-00008" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-27b7b19dcd7eb21b41bb7963e795c745" Type="F"><Para><Text>Words in s. 158(2)(b) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cevmt8dz3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cevmt8dz3-00019" CitationRef="cevmt8dz3-00018" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cevmt8dz3-00020" CitationRef="cevmt8dz3-00018" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/5/b" SectionRef="regulation-4-5-b" Operative="true">4(5)(b)</CitationSubRef> (with <CitationSubRef id="cevmt8dz3-00021" CitationRef="cevmt8dz3-00018" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-7e3cd20e52db95966fa9617751624c5a" Type="F"><Para><Text>Words in s. 158(4) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cevmt8dz3-00028" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cevmt8dz3-00029" CitationRef="cevmt8dz3-00028" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cevmt8dz3-00030" CitationRef="cevmt8dz3-00028" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/5/c" SectionRef="regulation-4-5-c" Operative="true">4(5)(c)</CitationSubRef> (with <CitationSubRef id="cevmt8dz3-00031" CitationRef="cevmt8dz3-00028" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-22186c9438a980edb9bdd8bae6e2f8d5" Type="F"><Para><Text>S. 175(5A) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cewl5dwd3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cewl5dwd3-00008" CitationRef="cewl5dwd3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cewl5dwd3-00009" CitationRef="cewl5dwd3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/14" SectionRef="regulation-4-14" Operative="true">4(14)</CitationSubRef> (with <CitationSubRef id="cewl5dwd3-00010" CitationRef="cewl5dwd3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-779182d3ea5604e40d9f4510e325d56a" Type="F"><Para><Text>S. 175(5) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cewl5dwd3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cewl5dwd3-00019" CitationRef="cewl5dwd3-00018" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cewl5dwd3-00020" CitationRef="cewl5dwd3-00018" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/13" SectionRef="regulation-4-13" Operative="true">4(13)</CitationSubRef> (with <CitationSubRef id="cewl5dwd3-00021" CitationRef="cewl5dwd3-00018" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-2114d342ed9ae6b88546d688b442c786" Type="F"><Para><Text>Words in s. 165(4) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cewlga8d3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cewlga8d3-00008" CitationRef="cewlga8d3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cewlga8d3-00009" CitationRef="cewlga8d3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/10/c" SectionRef="regulation-4-10-c" Operative="true">4(10)(c)</CitationSubRef> (with <CitationSubRef id="cewlga8d3-00010" CitationRef="cewlga8d3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-7b53689ea058b2fcec2b0a46d9566d24" Type="F"><Para><Text>S. 165(4)(ab) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cewlga8d3-00017" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cewlga8d3-00018" CitationRef="cewlga8d3-00017" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cewlga8d3-00019" CitationRef="cewlga8d3-00017" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/10/d" SectionRef="regulation-4-10-d" Operative="true">4(10)(d)</CitationSubRef> (with <CitationSubRef id="cewlga8d3-00020" CitationRef="cewlga8d3-00017" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-51b9f59610aecd11eda84200d33d7b43" Type="F"><Para><Text>S. 165(5)(d)(e) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cewlga8d3-00028" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cewlga8d3-00029" CitationRef="cewlga8d3-00028" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cewlga8d3-00030" CitationRef="cewlga8d3-00028" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/10/g" SectionRef="regulation-4-10-g" Operative="true">4(10)(g)</CitationSubRef> (with <CitationSubRef id="cewlga8d3-00031" CitationRef="cewlga8d3-00028" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-4f0ce2ab8548488ad064f569158d8862" Type="F"><Para><Text>Word in s. 165(3)(a) omitted (1.4.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cewlga8d3-00038" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cewlga8d3-00039" CitationRef="cewlga8d3-00038" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cewlga8d3-00040" CitationRef="cewlga8d3-00038" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/10/a" SectionRef="regulation-4-10-a" Operative="true">4(10)(a)</CitationSubRef> (with <CitationSubRef id="cewlga8d3-00041" CitationRef="cewlga8d3-00038" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-78fa396083928985e9ba16ca929210f8" Type="F"><Para><Text>S. 165(3)(ab)(b) substituted for s. 165(3)(b) (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cewlga8d3-00050" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cewlga8d3-00051" CitationRef="cewlga8d3-00050" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cewlga8d3-00052" CitationRef="cewlga8d3-00050" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/10/b" SectionRef="regulation-4-10-b" Operative="true">4(10)(b)</CitationSubRef> (with <CitationSubRef id="cewlga8d3-00053" CitationRef="cewlga8d3-00050" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-fa3bf498bdd0444986a749611fd6fb84" Type="F"><Para><Text>Word in s. 165(5)(b) omitted (1.4.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cewlga8d3-00060" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cewlga8d3-00061" CitationRef="cewlga8d3-00060" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cewlga8d3-00062" CitationRef="cewlga8d3-00060" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/10/e" SectionRef="regulation-4-10-e" Operative="true">4(10)(e)</CitationSubRef> (with <CitationSubRef id="cewlga8d3-00063" CitationRef="cewlga8d3-00060" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-5991cfbed06fd21dbd72d59ba2f8bffa" Type="F"><Para><Text>Word in s. 165(5)(c) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cewlga8d3-00070" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cewlga8d3-00071" CitationRef="cewlga8d3-00070" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cewlga8d3-00072" CitationRef="cewlga8d3-00070" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/10/f" SectionRef="regulation-4-10-f" Operative="true">4(10)(f)</CitationSubRef> (with <CitationSubRef id="cewlga8d3-00073" CitationRef="cewlga8d3-00070" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-e46e6171c5762608f3a69a0f16eb8440" Type="F"><Para><Text>S. 162(1B) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cewpqvss3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cewpqvss3-00008" CitationRef="cewpqvss3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cewpqvss3-00009" CitationRef="cewpqvss3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/7/b" SectionRef="regulation-4-7-b" Operative="true">4(7)(b)</CitationSubRef> (with <CitationSubRef id="cewpqvss3-00010" CitationRef="cewpqvss3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-600b04f29e6988b4c02feb6612a4ef7b" Type="F"><Para><Text>S. 162(7) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cewpqvss3-00017" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cewpqvss3-00018" CitationRef="cewpqvss3-00017" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cewpqvss3-00019" CitationRef="cewpqvss3-00017" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/66/4" SectionRef="schedule-18-paragraph-66-4" Operative="true">Sch. 18 para. 66(4)</CitationSubRef> (with <CitationSubRef id="cewpqvss3-00020" CitationRef="cewpqvss3-00017" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cewpqvss3-00021" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cewpqvss3-00022" CitationRef="cewpqvss3-00021" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cewpqvss3-00023" CitationRef="cewpqvss3-00021" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-f168ce23750b102074b362f8961219a2" Type="F"><Para><Text>Words in s. 162(1) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cewpqvss3-00030" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cewpqvss3-00031" CitationRef="cewpqvss3-00030" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cewpqvss3-00032" CitationRef="cewpqvss3-00030" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/7/a" SectionRef="regulation-4-7-a" Operative="true">4(7)(a)</CitationSubRef> (with <CitationSubRef id="cewpqvss3-00033" CitationRef="cewpqvss3-00030" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-75a877dd34ce3152baa91abe0e88d70b" Type="F"><Para><Text>Words in s. 162(1) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cewpqvss3-00040" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cewpqvss3-00041" CitationRef="cewpqvss3-00040" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cewpqvss3-00042" CitationRef="cewpqvss3-00040" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/66/2" SectionRef="schedule-18-paragraph-66-2" Operative="true">Sch. 18 para. 66(2)</CitationSubRef> (with <CitationSubRef id="cewpqvss3-00043" CitationRef="cewpqvss3-00040" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cewpqvss3-00044" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cewpqvss3-00045" CitationRef="cewpqvss3-00044" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cewpqvss3-00046" CitationRef="cewpqvss3-00044" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-96043bd3612cae17ab04fe0ae53f0cf6" Type="F"><Para><Text>Words in s. 162(1A) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cewpqvss3-00053" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cewpqvss3-00054" CitationRef="cewpqvss3-00053" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cewpqvss3-00055" CitationRef="cewpqvss3-00053" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/66/2" SectionRef="schedule-18-paragraph-66-2" Operative="true">Sch. 18 para. 66(2)</CitationSubRef> (with <CitationSubRef id="cewpqvss3-00056" CitationRef="cewpqvss3-00053" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cewpqvss3-00057" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cewpqvss3-00058" CitationRef="cewpqvss3-00057" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cewpqvss3-00059" CitationRef="cewpqvss3-00057" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-86bcb1008d2250128a3fe8b067b3031f" Type="F"><Para><Text>Words in s. 162(4) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cewpqvss3-00066" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cewpqvss3-00067" CitationRef="cewpqvss3-00066" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cewpqvss3-00068" CitationRef="cewpqvss3-00066" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/66/3" SectionRef="schedule-18-paragraph-66-3" Operative="true">Sch. 18 para. 66(3)</CitationSubRef> (with <CitationSubRef id="cewpqvss3-00069" CitationRef="cewpqvss3-00066" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cewpqvss3-00070" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cewpqvss3-00071" CitationRef="cewpqvss3-00070" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cewpqvss3-00072" CitationRef="cewpqvss3-00070" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-4d4024f9649c9d573ee75d00113d6230" Type="F"><Para><Text>S. 164(1)(aa)-(ac) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cewr18hh3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cewr18hh3-00008" CitationRef="cewr18hh3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cewr18hh3-00009" CitationRef="cewr18hh3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/9/b" SectionRef="regulation-4-9-b" Operative="true">4(9)(b)</CitationSubRef> (with <CitationSubRef id="cewr18hh3-00010" CitationRef="cewr18hh3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-1c7c47ae5d5b5b2bfbcecc0474ed3dd5" Type="F"><Para><Text>S. 164(3)(bb)-(bd) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cewr18hh3-00017" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cewr18hh3-00018" CitationRef="cewr18hh3-00017" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cewr18hh3-00019" CitationRef="cewr18hh3-00017" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/9/c" SectionRef="regulation-4-9-c" Operative="true">4(9)(c)</CitationSubRef> (with <CitationSubRef id="cewr18hh3-00020" CitationRef="cewr18hh3-00017" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-6d040bea31151f279a4858f05948fd7e" Type="F"><Para><Text>S. 164(5) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cewr18hh3-00028" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cewr18hh3-00029" CitationRef="cewr18hh3-00028" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cewr18hh3-00030" CitationRef="cewr18hh3-00028" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/9/d" SectionRef="regulation-4-9-d" Operative="true">4(9)(d)</CitationSubRef> (with <CitationSubRef id="cewr18hh3-00031" CitationRef="cewr18hh3-00028" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-996a2103c8ff2c6c0f8a293a7c997c4c" Type="F"><Para><Text>Word in s. 164(1)(a) omitted (1.4.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cewr18hh3-00038" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cewr18hh3-00039" CitationRef="cewr18hh3-00038" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cewr18hh3-00040" CitationRef="cewr18hh3-00038" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/9/a" SectionRef="regulation-4-9-a" Operative="true">4(9)(a)</CitationSubRef> (with <CitationSubRef id="cewr18hh3-00041" CitationRef="cewr18hh3-00038" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-8e4e22c4b5d71367e019aab24a60af32" Type="F"><Para><Text>Words in s. 176(2)(b) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cewru4d03-00007" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="cewru4d03-00007" id="cewru4d03-00008" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef CitationRef="cewru4d03-00007" id="cewru4d03-00009" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/69/2/a" SectionRef="schedule-18-paragraph-69-2-a" Operative="true">Sch. 18 para. 69(2)(a)</CitationSubRef> (with <CitationSubRef CitationRef="cewru4d03-00007" id="cewru4d03-00010" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cewru4d03-00011" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="cewru4d03-00011" id="cewru4d03-00012" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="cewru4d03-00011" id="cewru4d03-00013" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-1a708aaa5555eec62489e7dbd7576e7f" Type="F"><Para><Text>Words in s. 176(6) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cewru4d03-00020" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="cewru4d03-00020" id="cewru4d03-00021" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef CitationRef="cewru4d03-00020" id="cewru4d03-00022" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/69/3/a" SectionRef="schedule-18-paragraph-69-3-a" Operative="true">Sch. 18 para. 69(3)(a)</CitationSubRef> (with <CitationSubRef CitationRef="cewru4d03-00020" id="cewru4d03-00023" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cewru4d03-00024" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="cewru4d03-00024" id="cewru4d03-00025" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="cewru4d03-00024" id="cewru4d03-00026" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-24a540af6d19c50a3a1243f53d7acda7" Type="F"><Para><Text>Word in s. 176(6) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cewru4d03-00033" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="cewru4d03-00033" id="cewru4d03-00034" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef CitationRef="cewru4d03-00033" id="cewru4d03-00035" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/69/3/b" SectionRef="schedule-18-paragraph-69-3-b" Operative="true">Sch. 18 para. 69(3)(b)</CitationSubRef> (with <CitationSubRef CitationRef="cewru4d03-00033" id="cewru4d03-00036" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cewru4d03-00037" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="cewru4d03-00037" id="cewru4d03-00038" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="cewru4d03-00037" id="cewru4d03-00039" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-a87672f2d9178433da9f6ca335d3df20" Type="F"><Para><Text>Words in s. 176(2)(d) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cewru4d03-00046" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="cewru4d03-00046" id="cewru4d03-00047" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef CitationRef="cewru4d03-00046" id="cewru4d03-00048" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/18/paragraph/69/2/b" SectionRef="schedule-18-paragraph-69-2-b" Operative="true">Sch. 18 para. 69(2)(b)</CitationSubRef> (with <CitationSubRef CitationRef="cewru4d03-00046" id="cewru4d03-00049" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cewru4d03-00050" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="cewru4d03-00050" id="cewru4d03-00051" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="cewru4d03-00050" id="cewru4d03-00052" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-58a7e4938f22f5078fcf0ef543ad2dd5" Type="F"><Para><Text>S. 191 Table substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cexxrdza3-00009" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef CitationRef="cexxrdza3-00009" id="cexxrdza3-00010" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="cexxrdza3-00009" id="cexxrdza3-00011" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/19" SectionRef="regulation-4-19">4(19)</CitationSubRef>, <CitationSubRef CitationRef="cexxrdza3-00009" id="cexxrdza3-00012" URI="http://www.legislation.gov.uk/id/uksi/2013/504/schedule" SectionRef="schedule" Operative="true">Sch.</CitationSubRef> (with <CitationSubRef CitationRef="cexxrdza3-00009" id="cexxrdza3-00013" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-b124a3280971277f74a4608517eef856" Type="F"><Para><Text>Words in s. 188(1) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cf9nbc6p3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cf9nbc6p3-00008" CitationRef="cf9nbc6p3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cf9nbc6p3-00009" CitationRef="cf9nbc6p3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/17/a" SectionRef="regulation-4-17-a" Operative="true">4(17)(a)</CitationSubRef> (with <CitationSubRef id="cf9nbc6p3-00010" CitationRef="cf9nbc6p3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-585313f3c3a28f3ee7b403762bf4f333" Type="F"><Para><Text>Words in s. 188(2) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/504" id="cf9nbc6p3-00017" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="504" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504)</Citation>, <CitationSubRef id="cf9nbc6p3-00018" CitationRef="cf9nbc6p3-00017" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef id="cf9nbc6p3-00019" CitationRef="cf9nbc6p3-00017" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/4/17/b" SectionRef="regulation-4-17-b" Operative="true">4(17)(b)</CitationSubRef> (with <CitationSubRef id="cf9nbc6p3-00020" CitationRef="cf9nbc6p3-00017" URI="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/52" UpTo="http://www.legislation.gov.uk/id/uksi/2013/504/regulation/58" StartSectionRef="regulation-52" EndSectionRef="regulation-58">regs. 52-58</CitationSubRef>)</Text></Para></Commentary><Commentary id="M_F_69716203-3757-43ad-90bf-2406413a35f9" Type="F"><Para><Text>Sch. 17 repealed (6.4.2007 for specified purposes, 6.4.2008 for specified purposes, 1.10.2009 insofar as not already in force) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="cepltqlj3-00005n1" Class="UnitedKingdomPublicGeneralAct" Year="2006" Number="46" Title="Companies Act 2006">Companies Act 2006 (c. 46)</Citation>, <CitationSubRef id="cepltqlj3-00006n1" CitationRef="cepltqlj3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/1300/2" SectionRef="section-1300-2">s. 1300(2)</CitationSubRef>, <CitationSubRef id="cepltqlj3-00007n1" CitationRef="cepltqlj3-00005" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/16" SectionRef="schedule-16" Operative="true">Sch. 16</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2006/3428" id="c02842n1" Class="UnitedKingdomStatutoryInstrument" Year="2006" Number="3428">S.I. 2006/3428</Citation>, <CitationSubRef id="c02843n1" CitationRef="c02842" URI="http://www.legislation.gov.uk/id/uksi/2006/3428/article/7/c" SectionRef="article-7-c" Operative="true">art. 7(c)</CitationSubRef>, <CitationSubRef id="c02844n1" CitationRef="c02842" URI="http://www.legislation.gov.uk/id/uksi/2006/3428/schedule/4/part/1" SectionRef="schedule-4-part-1">Sch. 4 Pt. 1</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2007/3495" id="c02860n1" Class="UnitedKingdomStatutoryInstrument" Year="2007" Number="3495">S.I. 2007/3495</Citation>, <CitationSubRef id="c02861n1" CitationRef="c02860" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/8" SectionRef="article-8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef id="c02862n1" CitationRef="c02860" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/schedule/2/part/1" SectionRef="schedule-2-part-1">Sch. 2 Pt. 1</CitationSubRef> (with <CitationSubRef id="c02863n1" CitationRef="c02860" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="c02864n1" CitationRef="c02860" URI="http://www.legislation.gov.uk/id/uksi/2007/3495/article/12" SectionRef="article-12">12</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2860" id="cepltqlj3-00008n1" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2860" Title="The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008">S.I. 2008/2860</Citation>, <CitationSubRef id="cepltqlj3-00009n1" CitationRef="cepltqlj3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/4" SectionRef="article-4">art. 4</CitationSubRef>, <CitationSubRef id="cepltqlj3-00010n1" CitationRef="cepltqlj3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/1/part/1" SectionRef="schedule-1-part-1">Sch. 1 Pt. 1</CitationSubRef> (with <CitationSubRef id="cepltqlj3-00011n1" CitationRef="cepltqlj3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/7" SectionRef="article-7">arts. 7</CitationSubRef>, <CitationSubRef id="cepltqlj3-00012n1" CitationRef="cepltqlj3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/article/8" SectionRef="article-8">8</CitationSubRef>, <CitationSubRef id="cepltqlj3-00013n1" CitationRef="cepltqlj3-00008" URI="http://www.legislation.gov.uk/id/uksi/2008/2860/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>) (which transitional provisions in Sch. 2 are amended (1.10.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/2476" id="cepltqlj3-00014n1" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="2476">S.I. 2009/2476</Citation>, arts. 1(3), 2(3)(4) and by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1802" id="cepltqlj3-00017n1" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1802">S.I. 2009/1802</Citation>, arts. 1, 18, Sch.)</Text></Para></Commentary><Commentary id="key-81f5991a4ca35211949dd96fc7720022" Type="F"><Para><Text>S. 176(8)(ea)-(ed) inserted (22.7.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1773" id="cgevb8hj3-00016" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1773" Title="The Alternative Investment Fund Managers Regulations 2013">The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773)</Citation>, <CitationSubRef CitationRef="cgevb8hj3-00016" id="cgevb8hj3-00017" URI="http://www.legislation.gov.uk/id/uksi/2013/1773/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef CitationRef="cgevb8hj3-00016" id="cgevb8hj3-00018" URI="http://www.legislation.gov.uk/id/uksi/2013/1773/schedule/1/paragraph/39" SectionRef="schedule-1-paragraph-39" Operative="true">Sch. 1 para. 39</CitationSubRef></Text></Para></Commentary><Commentary id="key-7ecdb8a2d7c9a023ee854ad5356a48f9" Type="F"><Para><Text>Word in s. 176(8) omitted (22.7.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1773" id="cgevb8hj3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1773" Title="The Alternative Investment Fund Managers Regulations 2013">The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773)</Citation>, <CitationSubRef CitationRef="cgevb8hj3-00007" id="cgevb8hj3-00008" URI="http://www.legislation.gov.uk/id/uksi/2013/1773/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef CitationRef="cgevb8hj3-00007" id="cgevb8hj3-00009" URI="http://www.legislation.gov.uk/id/uksi/2013/1773/schedule/1/paragraph/39" SectionRef="schedule-1-paragraph-39" Operative="true">Sch. 1 para. 39</CitationSubRef></Text></Para></Commentary><Commentary id="key-bc1f7ca14dfa356a1e11df77d53b00b8" Type="F"><Para><Text><CitationSubRef id="cgg512dl3-00006" SectionRef="section-189A" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/189A">S. 189A</CitationSubRef> inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg512dl3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg512dl3-00008" CitationRef="cgg512dl3-00007" SectionRef="regulation-1-3-c" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg512dl3-00009" CitationRef="cgg512dl3-00007" SectionRef="regulation-2-11" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/11" Operative="true">2(11)</CitationSubRef></Text></Para></Commentary><Commentary id="key-7829418a570ff9590e35e2d07edb3c41" Type="F"><Para><Text>S. 155(2D) inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg551er3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg551er3-00008" CitationRef="cgg551er3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg551er3-00009" CitationRef="cgg551er3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/2/b" SectionRef="regulation-2-2-b" Operative="true">2(2)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-4198af47568e1c9cfaf0c337b8557fdc" Type="F"><Para><Text>S. 155(3B)(3C) inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg551er3-00017" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg551er3-00018" CitationRef="cgg551er3-00017" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg551er3-00019" CitationRef="cgg551er3-00017" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/2/c" SectionRef="regulation-2-2-c" Operative="true">2(2)(c)</CitationSubRef></Text></Para></Commentary><Commentary id="key-31e7d84a1145bc22bdb356b2a48c0d94" Type="F"><Para><Text>Words in s. 155(2B)(c) inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg551er3-00026" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg551er3-00027" CitationRef="cgg551er3-00026" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg551er3-00028" CitationRef="cgg551er3-00026" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/2/a" SectionRef="regulation-2-2-a" Operative="true">2(2)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-6364d00ac8090a4f5ff31f933d06b1f6" Type="F"><Para><Text>S. 155A(4)(c) inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg5eys63-00016" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg5eys63-00017" CitationRef="cgg5eys63-00016" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg5eys63-00018" CitationRef="cgg5eys63-00016" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/3/b" SectionRef="regulation-2-3-b" Operative="true">2(3)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-cae65ed218df9dd068083d9c87b20b5f" Type="F"><Para><Text>Words in s. 158(1)(d) inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg5j6bb3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg5j6bb3-00008" CitationRef="cgg5j6bb3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg5j6bb3-00009" CitationRef="cgg5j6bb3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/4/a" SectionRef="regulation-2-4-a" Operative="true">2(4)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-51e76c2508f92d4492e26a3013c7590e" Type="F"><Para><Text>Word in s. 158(1)(d) omitted (26.8.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg5j6bb3-00016" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg5j6bb3-00017" CitationRef="cgg5j6bb3-00016" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg5j6bb3-00018" CitationRef="cgg5j6bb3-00016" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/4/b" SectionRef="regulation-2-4-b" Operative="true">2(4)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-b86f1e8f022284b343cd865df287bc4b" Type="F"><Para><Text>Words in s. 159(1)(f) inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg5n4c33-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg5n4c33-00008" CitationRef="cgg5n4c33-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg5n4c33-00009" CitationRef="cgg5n4c33-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/5/a/i" SectionRef="regulation-2-5-a-i" Operative="true">2(5)(a)(i)</CitationSubRef></Text></Para></Commentary><Commentary id="key-52998fb798bc79a8a0f0aeacfcc0a5ea" Type="F"><Para><Text>Words in s. 159(1)(f) substituted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg5n4c33-00016" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg5n4c33-00017" CitationRef="cgg5n4c33-00016" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg5n4c33-00018" CitationRef="cgg5n4c33-00016" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/5/a/ii" SectionRef="regulation-2-5-a-ii" Operative="true">2(5)(a)(ii)</CitationSubRef></Text></Para></Commentary><Commentary id="key-1e655b06f546ffcad9cebb99ce22dfd8" Type="F"><Para><Text>Words in s. 159(2)(d) inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg5n4c33-00025" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg5n4c33-00026" CitationRef="cgg5n4c33-00025" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg5n4c33-00027" CitationRef="cgg5n4c33-00025" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/5/b/i" SectionRef="regulation-2-5-b-i" Operative="true">2(5)(b)(i)</CitationSubRef></Text></Para></Commentary><Commentary id="key-3221e953c554a108a6fea7361bfac069" Type="F"><Para><Text>Words in s. 159(2)(d) substituted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg5n4c33-00034" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg5n4c33-00035" CitationRef="cgg5n4c33-00034" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg5n4c33-00036" CitationRef="cgg5n4c33-00034" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/5/b/ii" SectionRef="regulation-2-5-b-ii" Operative="true">2(5)(b)(ii)</CitationSubRef></Text></Para></Commentary><Commentary id="key-2628caa73b724129a1550e3a3602719a" Type="F"><Para><Text>Words in s. 166(9)(b) inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg5v9f93-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef CitationRef="cgg5v9f93-00007" id="cgg5v9f93-00008" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef CitationRef="cgg5v9f93-00007" id="cgg5v9f93-00009" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/6" SectionRef="regulation-2-6" Operative="true">2(6)</CitationSubRef></Text></Para></Commentary><Commentary id="key-d331ba20b8b1990bb236f5c4d0fa0ff6" Type="F"><Para><Text>S. 167(1)(c) and word inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg5yvqi3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg5yvqi3-00008" CitationRef="cgg5yvqi3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg5yvqi3-00009" CitationRef="cgg5yvqi3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/7/b" SectionRef="regulation-2-7-b" Operative="true">2(7)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-8f3254f9c0244c0a3e884b4d4d05d0f4" Type="F"><Para><Text>Word in s. 167(1)(a) omitted (26.8.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg5yvqi3-00025" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg5yvqi3-00026" CitationRef="cgg5yvqi3-00025" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg5yvqi3-00027" CitationRef="cgg5yvqi3-00025" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/7/a" SectionRef="regulation-2-7-a" Operative="true">2(7)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-54d0f372097659fa31ccbd6b9259d50d" Type="F"><Para><Text>S. 170A(1)(h) and word inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg65llz3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef CitationRef="cgg65llz3-00007" id="cgg65llz3-00008" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef CitationRef="cgg65llz3-00007" id="cgg65llz3-00009" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/8/a" SectionRef="regulation-2-8-a" Operative="true">2(8)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-790255105ee9b22de701b3bb14617c95" Type="F"><Para><Text>Words in s. 170A(2) inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg65llz3-00016" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef CitationRef="cgg65llz3-00016" id="cgg65llz3-00017" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef CitationRef="cgg65llz3-00016" id="cgg65llz3-00018" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/8/b" SectionRef="regulation-2-8-b" Operative="true">2(8)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-d1c95ad74e44d61be0f434782d0f890c" Type="F"><Para><Text>S. 182A(2) inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg6aohi3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg6aohi3-00008" CitationRef="cgg6aohi3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg6aohi3-00009" CitationRef="cgg6aohi3-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/9" SectionRef="regulation-2-9" Operative="true">2(9)</CitationSubRef></Text></Para></Commentary><Commentary id="key-3bc0cc9948671fa667fc4073824f53ff" Type="F"><Para><Text>S. 188(1A) inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg6dqx43-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg6dqx43-00008" CitationRef="cgg6dqx43-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg6dqx43-00009" CitationRef="cgg6dqx43-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/10/b" SectionRef="regulation-2-10-b" Operative="true">2(10)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-736dec3ee31a409943c19af56e25ec53" Type="F"><Para><Text>S. 188(2A) inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg6dqx43-00016" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg6dqx43-00017" CitationRef="cgg6dqx43-00016" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg6dqx43-00018" CitationRef="cgg6dqx43-00016" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/10/c" SectionRef="regulation-2-10-c" Operative="true">2(10)(c)</CitationSubRef></Text></Para></Commentary><Commentary id="key-80016533191bd2a96173e215f71bf1d1" Type="F"><Para><Text>Words in s. 188(1) omitted (26.8.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg6dqx43-00025" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef id="cgg6dqx43-00026" CitationRef="cgg6dqx43-00025" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef id="cgg6dqx43-00027" CitationRef="cgg6dqx43-00025" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/10/a" SectionRef="regulation-2-10-a" Operative="true">2(10)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-49adacb0cc1dfdbfbafda02ec01983f7" Type="F"><Para><Text>Words in s. 190 inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg6jqja3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef CitationRef="cgg6jqja3-00007" id="cgg6jqja3-00008" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef CitationRef="cgg6jqja3-00007" id="cgg6jqja3-00009" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/12/a" SectionRef="regulation-2-12-a" Operative="true">2(12)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-739babfc0f68e0bb7c91ca703cd60aa3" Type="F"><Para><Text>S. 190(3A) omitted (26.8.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg6jqja3-00014" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef CitationRef="cgg6jqja3-00014" id="cgg6jqja3-00015" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef CitationRef="cgg6jqja3-00014" id="cgg6jqja3-00016" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/12/b" SectionRef="regulation-2-12-b" Operative="true">2(12)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-4dea3b0bf975f55b941628dc315a18a5" Type="F"><Para><Text>Words in s. 191 Table inserted (26.8.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1908" id="cgg6y76f3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1908" Title="The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013">The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) (No. 2) Regulations 2013 (S.I. 2013/1908)</Citation>, <CitationSubRef CitationRef="cgg6y76f3-00007" id="cgg6y76f3-00008" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/1/3/c" SectionRef="regulation-1-3-c">regs. 1(3)(c)</CitationSubRef>, <CitationSubRef CitationRef="cgg6y76f3-00007" id="cgg6y76f3-00009" URI="http://www.legislation.gov.uk/id/uksi/2013/1908/regulation/2/13" SectionRef="regulation-2-13" Operative="true">2(13)</CitationSubRef></Text></Para></Commentary><Commentary id="key-c7d37786094265defdef83472b20cf0f" Type="F"><Para><Text>S. 87(4) Table: entry omitted (1.10.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/2329" id="cgg7z9u73-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="2329" Title="The Public Bodies (Merger of the Gambling Commission and the National Lottery Commission) Order 2013">The Public Bodies (Merger of the Gambling Commission and the National Lottery Commission) Order 2013 (S.I. 2013/2329)</Citation>, <CitationSubRef CitationRef="cgg7z9u73-00007" id="cgg7z9u73-00008" URI="http://www.legislation.gov.uk/id/uksi/2013/2329/article/1/2" SectionRef="article-1-2">art. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="cgg7z9u73-00007" id="cgg7z9u73-00009" URI="http://www.legislation.gov.uk/id/uksi/2013/2329/schedule/paragraph/23/a" SectionRef="schedule-paragraph-23-a" Operative="true">Sch. para. 23(a)</CitationSubRef> (with <CitationSubRef CitationRef="cgg7z9u73-00007" id="cgg7z9u73-00010" URI="http://www.legislation.gov.uk/id/uksi/2013/2329/article/8" SectionRef="article-8">art. 8</CitationSubRef>, <CitationSubRef CitationRef="cgg7z9u73-00007" id="cgg7z9u73-00011" URI="http://www.legislation.gov.uk/id/uksi/2013/2329/schedule/paragraph/43" SectionRef="schedule-paragraph-43">Sch. para. 43</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-a65b031d3d8983464b12b979619f8418" Type="F"><Para><Text>Words in s. 87(4) Table substituted (1.10.2013) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/2329" id="cgg838ln3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="2329" Title="The Public Bodies (Merger of the Gambling Commission and the National Lottery Commission) Order 2013">The Public Bodies (Merger of the Gambling Commission and the National Lottery Commission) Order 2013 (S.I. 2013/2329)</Citation>, <CitationSubRef CitationRef="cgg838ln3-00018" id="cgg838ln3-00019" URI="http://www.legislation.gov.uk/id/uksi/2013/2329/article/1/2" SectionRef="article-1-2">art. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="cgg838ln3-00018" id="cgg838ln3-00020" URI="http://www.legislation.gov.uk/id/uksi/2013/2329/schedule/paragraph/23/b" SectionRef="schedule-paragraph-23-b" Operative="true">Sch. para. 23(b)</CitationSubRef> (with <CitationSubRef CitationRef="cgg838ln3-00018" id="cgg838ln3-00021" URI="http://www.legislation.gov.uk/id/uksi/2013/2329/article/8" SectionRef="article-8">art. 8</CitationSubRef>, <CitationSubRef CitationRef="cgg838ln3-00018" id="cgg838ln3-00022" URI="http://www.legislation.gov.uk/id/uksi/2013/2329/schedule/paragraph/43" SectionRef="schedule-paragraph-43">Sch. para. 43</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-69e5766f3a9d455379f5a7581aefe335" Type="F"><Para><Text>Words in s. 87(4) Table substituted (1.4.2014) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2014/892" id="cgg8egkm3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="892" Title="The Enterprise and Regulatory Reform Act 2013 (Competition) (Consequential, Transitional and Saving Provisions) Order 2014">The Enterprise and Regulatory Reform Act 2013 (Competition) (Consequential, Transitional and Saving Provisions) Order 2014 (S.I. 2014/892)</Citation>, <CitationSubRef CitationRef="cgg8egkm3-00007" id="cgg8egkm3-00008" URI="http://www.legislation.gov.uk/id/uksi/2014/892/article/1/1" SectionRef="article-1-1">art. 1(1)</CitationSubRef>, <CitationSubRef CitationRef="cgg8egkm3-00007" id="cgg8egkm3-00009" URI="http://www.legislation.gov.uk/id/uksi/2014/892/schedule/1/paragraph/69" SectionRef="schedule-1-paragraph-69" Operative="true">Sch. 1 para. 69</CitationSubRef> (with <CitationSubRef CitationRef="cgg8egkm3-00007" id="cgg8egkm3-00010" URI="http://www.legislation.gov.uk/id/uksi/2014/892/article/3" SectionRef="article-3">art. 3</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-e4d6dba9f7ce82f8c5a2adf3a151acd1" Type="F"><Para><Text><CitationSubRef id="cgg8n6lk3-00004" SectionRef="section-151" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/151">S. 151</CitationSubRef> repealed (1.4.2014) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/19" id="cgg8n6lk3-00005" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="19" Title="Civil Aviation Act 2012">Civil Aviation Act 2012 (c. 19)</Citation>, <CitationSubRef id="cgg8n6lk3-00006" CitationRef="cgg8n6lk3-00005" SectionRef="section-110-1" URI="http://www.legislation.gov.uk/id/ukpga/2012/19/section/110/1">s. 110(1)</CitationSubRef>, <CitationSubRef id="cgg8n6lk3-00007" CitationRef="cgg8n6lk3-00005" SectionRef="schedule-9-paragraph-17" URI="http://www.legislation.gov.uk/id/ukpga/2012/19/schedule/9/paragraph/17" Operative="true">Sch. 9 para. 17</CitationSubRef> (with <CitationSubRef id="cgg8n6lk3-00008" CitationRef="cgg8n6lk3-00005" SectionRef="schedule-10-paragraph-12" URI="http://www.legislation.gov.uk/id/ukpga/2012/19/schedule/10/paragraph/12">Sch. 10 paras. 12</CitationSubRef>, <CitationSubRef id="cgg8n6lk3-00009" CitationRef="cgg8n6lk3-00005" SectionRef="schedule-10-paragraph-17" URI="http://www.legislation.gov.uk/id/ukpga/2012/19/schedule/10/paragraph/17">17</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/589" id="cgg8n6lk3-00010" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="589" Title="The Civil Aviation Act 2012 (Commencement No. 1, Transitional, Transitory and Saving Provisions) Order 2013">S.I. 2013/589</Citation>, <CitationSubRef id="cgg8n6lk3-00011" CitationRef="cgg8n6lk3-00010" SectionRef="article-5-1-b" URI="http://www.legislation.gov.uk/id/uksi/2013/589/article/5/1/b">art. 5(1)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-0c2188b07324dc971610ad1e7e7e74d0" Type="F"><Para><Text>Words in s. 180(1) inserted (6.4.2014) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2007/15" id="cgg8s1dy3-00007" Class="UnitedKingdomPublicGeneralAct" Year="2007" Number="15" Title="Tribunals, Courts and Enforcement Act 2007">Tribunals, Courts and Enforcement Act 2007 (c. 15)</Citation>, <CitationSubRef id="cgg8s1dy3-00008" CitationRef="cgg8s1dy3-00007" URI="http://www.legislation.gov.uk/id/ukpga/2007/15/section/148" SectionRef="section-148">s. 148</CitationSubRef>, <CitationSubRef id="cgg8s1dy3-00009" CitationRef="cgg8s1dy3-00007" URI="http://www.legislation.gov.uk/id/ukpga/2007/15/schedule/13/paragraph/91" SectionRef="schedule-13-paragraph-91" Operative="true">Sch. 13 para. 91</CitationSubRef> (with <CitationSubRef id="cgg8s1dy3-00010" CitationRef="cgg8s1dy3-00007" URI="http://www.legislation.gov.uk/id/ukpga/2007/15/section/89" SectionRef="section-89">s. 89</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2014/768" id="cgg8s1dy3-00011" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="768" Title="The Tribunals, Courts and Enforcement Act 2007 (Commencement No. 11) Order 2014">S.I. 2014/768</Citation>, <CitationSubRef id="cgg8s1dy3-00012" CitationRef="cgg8s1dy3-00011" URI="http://www.legislation.gov.uk/id/uksi/2014/768/article/2/1/b" SectionRef="article-2-1-b">art. 2(1)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-c6591adbc7dcaf31401c0828005e75a3" Type="F"><Para><Text><CitationSubRef id="cgg96wg53-00004" SectionRef="schedule-18-paragraph-16" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/schedule/18/paragraph/16">Sch. 18 para. 16</CitationSubRef> omitted (26.5.2015) by virtue of <Citation URI="http://www.legislation.gov.uk/id/ukpga/2015/20" id="cgg96wg53-00005" Class="UnitedKingdomPublicGeneralAct" Year="2015" Number="20" Title="Deregulation Act 2015">Deregulation Act 2015 (c. 20)</Citation>, <CitationSubRef id="cgg96wg53-00006" CitationRef="cgg96wg53-00005" SectionRef="section-115-3-r" URI="http://www.legislation.gov.uk/id/ukpga/2015/20/section/115/3/r">s. 115(3)(r)</CitationSubRef>, <CitationSubRef id="cgg96wg53-00007" CitationRef="cgg96wg53-00005" SectionRef="schedule-23-paragraph-9-3" URI="http://www.legislation.gov.uk/id/ukpga/2015/20/schedule/23/paragraph/9/3" Operative="true">Sch. 23 para. 9(3)</CitationSubRef></Text></Para></Commentary><Commentary id="key-c43f1f147834fdf840b249f8a730b15f" Type="F"><Para><Text>Words in s. 155(3B)(a) inserted (6.4.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/481" id="cgg9cb3i3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="481" Title="The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016">The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016 (S.I. 2016/481)</Citation>, <CitationSubRef id="cgg9cb3i3-00008" CitationRef="cgg9cb3i3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/481/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef id="cgg9cb3i3-00009" CitationRef="cgg9cb3i3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/481/schedule/1/paragraph/9/2" SectionRef="schedule-1-paragraph-9-2" Operative="true">Sch. 1 para. 9(2)</CitationSubRef></Text></Para></Commentary><Commentary id="key-efb9fe98af6d3d9bafec2b97e9d2470c" Type="F"><Para><Text>Words in s. 158(3)(a) inserted (6.4.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/481" id="cgg9grrd3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="481" Title="The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016">The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016 (S.I. 2016/481)</Citation>, <CitationSubRef id="cgg9grrd3-00008" CitationRef="cgg9grrd3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/481/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef id="cgg9grrd3-00009" CitationRef="cgg9grrd3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/481/schedule/1/paragraph/9/3" SectionRef="schedule-1-paragraph-9-3" Operative="true">Sch. 1 para. 9(3)</CitationSubRef></Text></Para></Commentary><Commentary id="key-376b718f6068829b985d36a54819e48a" Type="F"><Para><Text>Words in s. 163(4)(a) inserted (6.4.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/481" id="cgg9lz213-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="481" Title="The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016">The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016 (S.I. 2016/481)</Citation>, <CitationSubRef id="cgg9lz213-00008" CitationRef="cgg9lz213-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/481/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef id="cgg9lz213-00009" CitationRef="cgg9lz213-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/481/schedule/1/paragraph/9/4" SectionRef="schedule-1-paragraph-9-4" Operative="true">Sch. 1 para. 9(4)</CitationSubRef></Text></Para></Commentary><Commentary id="key-1adae6038e8b7db4b8d60b4f533f276b" Type="F"><Para><Text>Words in s. 164(3) inserted (6.4.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/481" id="cgg9q25a3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="481" Title="The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016">The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016 (S.I. 2016/481)</Citation>, <CitationSubRef id="cgg9q25a3-00008" CitationRef="cgg9q25a3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/481/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef id="cgg9q25a3-00009" CitationRef="cgg9q25a3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/481/schedule/1/paragraph/9/5/a" SectionRef="schedule-1-paragraph-9-5-a" Operative="true">Sch. 1 para. 9(5)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-8783950c5e20eedb791805cea287ecff" Type="F"><Para><Text>Words in s. 164(4)(a) inserted (6.4.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/481" id="cgg9q25a3-00016" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="481" Title="The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016">The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016 (S.I. 2016/481)</Citation>, <CitationSubRef id="cgg9q25a3-00017" CitationRef="cgg9q25a3-00016" URI="http://www.legislation.gov.uk/id/uksi/2016/481/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef id="cgg9q25a3-00018" CitationRef="cgg9q25a3-00016" URI="http://www.legislation.gov.uk/id/uksi/2016/481/schedule/1/paragraph/9/5/b" SectionRef="schedule-1-paragraph-9-5-b" Operative="true">Sch. 1 para. 9(5)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-a15a7a9ecaf8b5b5971b96606af90a0b" Type="F"><Para><Text>Words in s. 164(4)(b) substituted (6.4.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/481" id="cgg9q25a3-00025" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="481" Title="The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016">The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016 (S.I. 2016/481)</Citation>, <CitationSubRef id="cgg9q25a3-00026" CitationRef="cgg9q25a3-00025" URI="http://www.legislation.gov.uk/id/uksi/2016/481/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef id="cgg9q25a3-00027" CitationRef="cgg9q25a3-00025" URI="http://www.legislation.gov.uk/id/uksi/2016/481/schedule/1/paragraph/9/5/c" SectionRef="schedule-1-paragraph-9-5-c" Operative="true">Sch. 1 para. 9(5)(c)</CitationSubRef></Text></Para></Commentary><Commentary id="key-32f1d2d88017189f25fb3f5bbaa6f339" Type="F"><Para><Text>Words in s. 175(5) inserted (6.4.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/481" id="cgg9zgid3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="481" Title="The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016">The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016 (S.I. 2016/481)</Citation>, <CitationSubRef id="cgg9zgid3-00008" CitationRef="cgg9zgid3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/481/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef id="cgg9zgid3-00009" CitationRef="cgg9zgid3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/481/schedule/1/paragraph/9/6/b" SectionRef="schedule-1-paragraph-9-6-b" Operative="true">Sch. 1 para. 9(6)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-1e1b5d6001e41be10f13b3e15d39fc91" Type="F"><Para><Text>Words in s. 175(4) inserted (6.4.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/481" id="cgg9zgid3-00016" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="481" Title="The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016">The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016 (S.I. 2016/481)</Citation>, <CitationSubRef id="cgg9zgid3-00017" CitationRef="cgg9zgid3-00016" URI="http://www.legislation.gov.uk/id/uksi/2016/481/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef id="cgg9zgid3-00018" CitationRef="cgg9zgid3-00016" URI="http://www.legislation.gov.uk/id/uksi/2016/481/schedule/1/paragraph/9/6/a" SectionRef="schedule-1-paragraph-9-6-a" Operative="true">Sch. 1 para. 9(6)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-451ab69157e1ce0fcc67787ee792e6c1" Type="F"><Para><Text>S. 182(2)(za) inserted (6.4.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/481" id="cgga75bd3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="481" Title="The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016">The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016 (S.I. 2016/481)</Citation>, <CitationSubRef id="cgga75bd3-00008" CitationRef="cgga75bd3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/481/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef id="cgga75bd3-00009" CitationRef="cgga75bd3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/481/schedule/1/paragraph/9/7" SectionRef="schedule-1-paragraph-9-7" Operative="true">Sch. 1 para. 9(7)</CitationSubRef></Text></Para></Commentary><Commentary id="key-723b75a6bb49e8d3ce258dcf7404314c" Type="F"><Para><Text>Word in s. 159(2) substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggapuom3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef id="cggapuom3-00008" CitationRef="cggapuom3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef id="cggapuom3-00009" CitationRef="cggapuom3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/2" SectionRef="schedule-1-paragraph-6-2" Operative="true">Sch. 1 para. 6(2)</CitationSubRef></Text></Para></Commentary><Commentary id="key-cc391362296dece96c684abe304d2eda" Type="F"><Para><Text>Word in s. 161(4) substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggaxkqq3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef id="cggaxkqq3-00008" CitationRef="cggaxkqq3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef id="cggaxkqq3-00009" CitationRef="cggaxkqq3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/3/b" SectionRef="schedule-1-paragraph-6-3-b" Operative="true">Sch. 1 para. 6(3)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-1d35934676a9e836fc316b48b5d38152" Type="F"><Para><Text>Words in s. 161(2) substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggaxkqq3-00016" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef id="cggaxkqq3-00017" CitationRef="cggaxkqq3-00016" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef id="cggaxkqq3-00018" CitationRef="cggaxkqq3-00016" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/3/a" SectionRef="schedule-1-paragraph-6-3-a" Operative="true">Sch. 1 para. 6(3)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-2950ffdb9b4c46b139d37f68f9c01bde" Type="F"><Para><Text>Words in s. 163(3) substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggb335r3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef id="cggb335r3-00008" CitationRef="cggb335r3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef id="cggb335r3-00009" CitationRef="cggb335r3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/4" SectionRef="schedule-1-paragraph-6-4" Operative="true">Sch. 1 para. 6(4)</CitationSubRef></Text></Para></Commentary><Commentary id="key-0699603355300fe8015d923edb332c02" Type="F"><Para><Text>Words in s. 164(3) substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggb93wd3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef id="cggb93wd3-00008" CitationRef="cggb93wd3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef id="cggb93wd3-00009" CitationRef="cggb93wd3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/5/b/i" SectionRef="schedule-1-paragraph-6-5-b-i" Operative="true">Sch. 1 para. 6(5)(b)(i)</CitationSubRef></Text></Para></Commentary><Commentary id="key-0af27816240a23e8b29fe2c510b311f2" Type="F"><Para><Text>Word in s. 164(3) omitted (30.11.2016) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggb93wd3-00016" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef id="cggb93wd3-00017" CitationRef="cggb93wd3-00016" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef id="cggb93wd3-00018" CitationRef="cggb93wd3-00016" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/5/b/ii" SectionRef="schedule-1-paragraph-6-5-b-ii" Operative="true">Sch. 1 para. 6(5)(b)(ii)</CitationSubRef></Text></Para></Commentary><Commentary id="key-f0c5073740777dbc7196fcbc23bc060e" Type="F"><Para><Text>Words in s. 164(2) substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggb93wd3-00025" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef id="cggb93wd3-00026" CitationRef="cggb93wd3-00025" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef id="cggb93wd3-00027" CitationRef="cggb93wd3-00025" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/5/a/i" SectionRef="schedule-1-paragraph-6-5-a-i" Operative="true">Sch. 1 para. 6(5)(a)(i)</CitationSubRef></Text></Para></Commentary><Commentary id="key-685e94a73ca92b68f3aadc0d3a647aa2" Type="F"><Para><Text>Words in s. 164(2) substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggb93wd3-00034" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef id="cggb93wd3-00035" CitationRef="cggb93wd3-00034" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef id="cggb93wd3-00036" CitationRef="cggb93wd3-00034" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/5/a/ii" SectionRef="schedule-1-paragraph-6-5-a-ii" Operative="true">Sch. 1 para. 6(5)(a)(ii)</CitationSubRef></Text></Para></Commentary><Commentary id="key-6d11dbf64b58bba89c05b1f03d315f10" Type="F"><Para><Text>Words in s. 165(2)(a) substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggbhn373-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef id="cggbhn373-00008" CitationRef="cggbhn373-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef id="cggbhn373-00009" CitationRef="cggbhn373-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/6" SectionRef="schedule-1-paragraph-6-6" Operative="true">Sch. 1 para. 6(6)</CitationSubRef></Text></Para></Commentary><Commentary id="key-9f5a883418330e763ad8b48a9af4957a" Type="F"><Para><Text>Words in <CitationSubRef id="cggbnp4v3-00006" SectionRef="section-175-4" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/4">s. 175(4)</CitationSubRef> substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggbnp4v3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef id="cggbnp4v3-00008" CitationRef="cggbnp4v3-00007" SectionRef="article-1" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1">art. 1</CitationSubRef>, <CitationSubRef id="cggbnp4v3-00009" CitationRef="cggbnp4v3-00007" SectionRef="schedule-1-paragraph-6-7-i" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/7/i" Operative="true">Sch. 1 para. 6(7)(i)</CitationSubRef></Text></Para></Commentary><Commentary id="key-7043c2db3057840ea07e5db9ccc18e97" Type="F"><Para><Text>Word in <CitationSubRef id="cggbnp4v3-00015" SectionRef="section-175-4" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/175/4">s. 175(4)</CitationSubRef> omitted (30.11.2016) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggbnp4v3-00016" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef id="cggbnp4v3-00017" CitationRef="cggbnp4v3-00016" SectionRef="article-1" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1">art. 1</CitationSubRef>, <CitationSubRef id="cggbnp4v3-00018" CitationRef="cggbnp4v3-00016" SectionRef="schedule-1-paragraph-6-7-ii" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/7/ii" Operative="true">Sch. 1 para. 6(7)(ii)</CitationSubRef></Text></Para></Commentary><Commentary id="key-7d1ef99752ca5f5c3c689ec5fc67ee53" Type="F"><Para><Text>Word in s. 180(2) substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggbt8d73-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef id="cggbt8d73-00008" CitationRef="cggbt8d73-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef id="cggbt8d73-00009" CitationRef="cggbt8d73-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/8" SectionRef="schedule-1-paragraph-6-8" Operative="true">Sch. 1 para. 6(8)</CitationSubRef></Text></Para></Commentary><Commentary id="key-23d5225af46ccf602fb7d60cdd4b464d" Type="F"><Para><Text>Word in s. 182(2) substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggbwniw3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef id="cggbwniw3-00008" CitationRef="cggbwniw3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef id="cggbwniw3-00009" CitationRef="cggbwniw3-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/9" SectionRef="schedule-1-paragraph-6-9" Operative="true">Sch. 1 para. 6(9)</CitationSubRef></Text></Para></Commentary><Commentary id="key-c9c229906404d805e3414b3bb42426e7" Type="F"><Para><Text>Word in s. 189(1)(c) substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggc0h963-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef id="cggc0h963-00008" CitationRef="cggc0h963-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef id="cggc0h963-00009" CitationRef="cggc0h963-00007" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/10/a" SectionRef="schedule-1-paragraph-6-10-a" Operative="true">Sch. 1 para. 6(10)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-e248ffdc392e9352e2221a9f634a85fd" Type="F"><Para><Text>Word in s. 189(1)(c) substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggc0h963-00016" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef id="cggc0h963-00017" CitationRef="cggc0h963-00016" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef id="cggc0h963-00018" CitationRef="cggc0h963-00016" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/10/b" SectionRef="schedule-1-paragraph-6-10-b" Operative="true">Sch. 1 para. 6(10)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-22daece28c36e7aa19529043f16635d2" Type="F"><Para><Text>Words in s. 190(1) substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggcje9k3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef CitationRef="cggcje9k3-00007" id="cggcje9k3-00008" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef CitationRef="cggcje9k3-00007" id="cggcje9k3-00009" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/11/a/i" SectionRef="schedule-1-paragraph-6-11-a-i" Operative="true">Sch. 1 para. 6(11)(a)(i)</CitationSubRef></Text></Para></Commentary><Commentary id="key-0156d998fc93885dfb8b64e9d11bdcea" Type="F"><Para><Text>Words in s. 190(1) inserted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggcje9k3-00016" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef CitationRef="cggcje9k3-00016" id="cggcje9k3-00017" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef CitationRef="cggcje9k3-00016" id="cggcje9k3-00018" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/11/a/ii" SectionRef="schedule-1-paragraph-6-11-a-ii" Operative="true">Sch. 1 para. 6(11)(a)(ii)</CitationSubRef></Text></Para></Commentary><Commentary id="key-0917db1d64af750fbbf72d748c945b9b" Type="F"><Para><Text>Word in s. 190(6)(a) substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggcje9k3-00025" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef CitationRef="cggcje9k3-00025" id="cggcje9k3-00026" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef CitationRef="cggcje9k3-00025" id="cggcje9k3-00027" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/11/b" SectionRef="schedule-1-paragraph-6-11-b" Operative="true">Sch. 1 para. 6(11)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-a1da75823b1201cfe7274c318efb2c9c" Type="F"><Para><Text>Words in s. 190(7)(b) substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cggcje9k3-00034" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef CitationRef="cggcje9k3-00034" id="cggcje9k3-00035" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef CitationRef="cggcje9k3-00034" id="cggcje9k3-00036" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/11/c" SectionRef="schedule-1-paragraph-6-11-c" Operative="true">Sch. 1 para. 6(11)(c)</CitationSubRef></Text></Para></Commentary><Commentary id="key-1014bd8467631b16105fada5ca1e0237" Type="F"><Para><Text>S. 191 Table: entry omitted (30.11.2016) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cgge7oe53-00007" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef CitationRef="cgge7oe53-00007" id="cgge7oe53-00008" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef CitationRef="cgge7oe53-00007" id="cgge7oe53-00009" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/12/a" SectionRef="schedule-1-paragraph-6-12-a" Operative="true">Sch. 1 para. 6(12)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-a0d24bad68358b0c6cfa1e05483cb27b" Type="F"><Para><Text>S. 191 Table: entry substituted (30.11.2016) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2016/1034" id="cgge7oe53-00016" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="1034" Title="The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016">The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)</Citation>, <CitationSubRef CitationRef="cgge7oe53-00016" id="cgge7oe53-00017" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/article/1" SectionRef="article-1">art. 1</CitationSubRef>, <CitationSubRef CitationRef="cgge7oe53-00016" id="cgge7oe53-00018" URI="http://www.legislation.gov.uk/id/uksi/2016/1034/schedule/1/paragraph/6/12/b" SectionRef="schedule-1-paragraph-6-12-b" Operative="true">Sch. 1 para. 6(12)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-5c65f6c416a80d3d418de15110126493" Type="F"><Para><Text><CitationSubRef id="cggf5yie3-00006" SectionRef="section-211A" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/211A">S. 211A</CitationSubRef> inserted (1.3.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/80" id="cggf5yie3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="80" Title="The Bank of England and Financial Services (Consequential Amendments) Regulations 2017">The Bank of England and Financial Services (Consequential Amendments) Regulations 2017 (S.I. 2017/80)</Citation>, <CitationSubRef id="cggf5yie3-00008" CitationRef="cggf5yie3-00007" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/80/regulation/1">reg. 1</CitationSubRef>, <CitationSubRef id="cggf5yie3-00009" CitationRef="cggf5yie3-00007" SectionRef="schedule-paragraph-3-a" URI="http://www.legislation.gov.uk/id/uksi/2017/80/schedule/paragraph/3/a" Operative="true">Sch. para. 3(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-6144cf2d5de9880fed3997dbca488499" Type="F"><Para><Text>Words in s. 213(8) inserted (1.3.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/80" id="cggfcewd3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="80" Title="The Bank of England and Financial Services (Consequential Amendments) Regulations 2017">The Bank of England and Financial Services (Consequential Amendments) Regulations 2017 (S.I. 2017/80)</Citation>, <CitationSubRef id="cggfcewd3-00008" CitationRef="cggfcewd3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/80/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef id="cggfcewd3-00009" CitationRef="cggfcewd3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/80/schedule/paragraph/3/b" SectionRef="schedule-paragraph-3-b" Operative="true">Sch. para. 3(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-e049c35be3fedd90a9b55cb7ddcc2eb4" Type="F"><Para><Text>Words in s. 159(4A)(b) substituted (6.4.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/540" id="cggfqkzq3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="540" Title="The Deregulation Act 2015 and Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) (Savings) Regulations 2017">The Deregulation Act 2015 and Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) (Savings) Regulations 2017 (S.I. 2017/540)</Citation>, <CitationSubRef id="cggfqkzq3-00008" CitationRef="cggfqkzq3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/540/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef id="cggfqkzq3-00009" CitationRef="cggfqkzq3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/540/schedule/1/paragraph/2/2/b" SectionRef="schedule-1-paragraph-2-2-b" Operative="true">Sch. 1 para. 2(2)(b)</CitationSubRef> (with <CitationSubRef id="cggfqkzq3-00010" CitationRef="cggfqkzq3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/540/regulation/4" SectionRef="regulation-4">reg. 4</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-4ba8e64c5e6533b830b64fadb2349e24" Type="F"><Para><Text>Words in s. 159(4A)(a) substituted (6.4.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/540" id="cggfqkzq3-00017" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="540" Title="The Deregulation Act 2015 and Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) (Savings) Regulations 2017">The Deregulation Act 2015 and Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) (Savings) Regulations 2017 (S.I. 2017/540)</Citation>, <CitationSubRef id="cggfqkzq3-00018" CitationRef="cggfqkzq3-00017" URI="http://www.legislation.gov.uk/id/uksi/2017/540/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef id="cggfqkzq3-00019" CitationRef="cggfqkzq3-00017" URI="http://www.legislation.gov.uk/id/uksi/2017/540/schedule/1/paragraph/2/2/a/i" SectionRef="schedule-1-paragraph-2-2-a-i" Operative="true">Sch. 1 para. 2(2)(a)(i)</CitationSubRef> (with <CitationSubRef id="cggfqkzq3-00020" CitationRef="cggfqkzq3-00017" URI="http://www.legislation.gov.uk/id/uksi/2017/540/regulation/4" SectionRef="regulation-4">reg. 4</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-22f68a3717813136a60de46031f54ae3" Type="F"><Para><Text>Words in s. 159(4A)(a) substituted (6.4.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/540" id="cggfqkzq3-00027" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="540" Title="The Deregulation Act 2015 and Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) (Savings) Regulations 2017">The Deregulation Act 2015 and Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) (Savings) Regulations 2017 (S.I. 2017/540)</Citation>, <CitationSubRef id="cggfqkzq3-00028" CitationRef="cggfqkzq3-00027" URI="http://www.legislation.gov.uk/id/uksi/2017/540/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef id="cggfqkzq3-00029" CitationRef="cggfqkzq3-00027" URI="http://www.legislation.gov.uk/id/uksi/2017/540/schedule/1/paragraph/2/2/a/ii" SectionRef="schedule-1-paragraph-2-2-a-ii" Operative="true">Sch. 1 para. 2(2)(a)(ii)</CitationSubRef> (with <CitationSubRef id="cggfqkzq3-00030" CitationRef="cggfqkzq3-00027" URI="http://www.legislation.gov.uk/id/uksi/2017/540/regulation/4" SectionRef="regulation-4">reg. 4</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-9b699dc4baaa18de56caae6f54413074" Type="F"><Para><Text>Words in s. 163(4)(b) substituted (6.4.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/540" id="cggfx0yr3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="540" Title="The Deregulation Act 2015 and Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) (Savings) Regulations 2017">The Deregulation Act 2015 and Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) (Savings) Regulations 2017 (S.I. 2017/540)</Citation>, <CitationSubRef id="cggfx0yr3-00008" CitationRef="cggfx0yr3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/540/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef id="cggfx0yr3-00009" CitationRef="cggfx0yr3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/540/schedule/1/paragraph/2/3" SectionRef="schedule-1-paragraph-2-3" Operative="true">Sch. 1 para. 2(3)</CitationSubRef> (with <CitationSubRef id="cggfx0yr3-00010" CitationRef="cggfx0yr3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/540/regulation/4" SectionRef="regulation-4">reg. 4</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-9614e90c637f3915b0c101967cb3c956" Type="F"><Para><Text><CitationSubRef id="cggg74pa3-00007" SectionRef="part-VII-crossheading-recognised-investment-exchanges-and-clearing-houses" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/part/VII/crossheading/recognised-investment-exchanges-and-clearing-houses">S. 155 cross-heading</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cggg74pa3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cggg74pa3-00009" CitationRef="cggg74pa3-00008" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cggg74pa3-00010" CitationRef="cggg74pa3-00008" SectionRef="regulation-3-2" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/2" Operative="true">3(2)</CitationSubRef> (with <CitationSubRef id="cggg74pa3-00011" CitationRef="cggg74pa3-00008" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cggg74pa3-00012" CitationRef="cggg74pa3-00008" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-8dee730d6116ba70d64fe139ff566e46" Type="F"><Para><Text>S. 159 heading substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cggg74pa3-00020" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cggg74pa3-00021" CitationRef="cggg74pa3-00020" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cggg74pa3-00022" CitationRef="cggg74pa3-00020" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/6/a" SectionRef="regulation-3-6-a" Operative="true">3(6)(a)</CitationSubRef> (with <CitationSubRef id="cggg74pa3-00023" CitationRef="cggg74pa3-00020" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cggg74pa3-00024" CitationRef="cggg74pa3-00020" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-a9fd58e325c45e047e7cdb7c7ff960e8" Type="F"><Para><Text>Words in s. 87(4) Table substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgggkoit3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgggkoit3-00007" id="cgggkoit3-00008" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef CitationRef="cgggkoit3-00007" id="cgggkoit3-00009" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/schedule/paragraph/5/2/a" SectionRef="schedule-paragraph-5-2-a" Operative="true">Sch. para. 5(2)(a)</CitationSubRef> (with <CitationSubRef CitationRef="cgggkoit3-00007" id="cgggkoit3-00010" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgggkoit3-00007" id="cgggkoit3-00011" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-3425481818af9333fd2000a20d46629a" Type="F"><Para><Text>Words in s. 87(4) Table substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgggkoit3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgggkoit3-00018" id="cgggkoit3-00019" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef CitationRef="cgggkoit3-00018" id="cgggkoit3-00020" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/schedule/paragraph/5/2/b" SectionRef="schedule-paragraph-5-2-b" Operative="true">Sch. para. 5(2)(b)</CitationSubRef> (with <CitationSubRef CitationRef="cgggkoit3-00018" id="cgggkoit3-00021" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgggkoit3-00018" id="cgggkoit3-00022" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-acf762c1eaccb1c2348b60fb91296e0e" Type="F"><Para><Text>Words in <CitationSubRef id="cggh3r993-00006" SectionRef="section-157-1" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/157/1">s. 157(1)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cggh3r993-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cggh3r993-00008" CitationRef="cggh3r993-00007" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cggh3r993-00009" CitationRef="cggh3r993-00007" SectionRef="regulation-3-4-a-i" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/4/a/i" Operative="true">3(4)(a)(i)</CitationSubRef> (with <CitationSubRef id="cggh3r993-00010" CitationRef="cggh3r993-00007" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cggh3r993-00011" CitationRef="cggh3r993-00007" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-f593f17cc540517be6cdf26d52ebdc8f" Type="F"><Para><Text>Words in <CitationSubRef id="cggh3r993-00017" SectionRef="section-157-1" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/157/1">s. 157(1)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cggh3r993-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cggh3r993-00019" CitationRef="cggh3r993-00018" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cggh3r993-00020" CitationRef="cggh3r993-00018" SectionRef="regulation-3-4-a-ii" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/4/a/ii" Operative="true">3(4)(a)(ii)</CitationSubRef> (with <CitationSubRef id="cggh3r993-00021" CitationRef="cggh3r993-00018" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cggh3r993-00022" CitationRef="cggh3r993-00018" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-a74aed37fbda94fbcc9cf29b1807b86e" Type="F"><Para><Text>Words in <CitationSubRef id="cggh3r993-00028" SectionRef="section-157-4-b" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/157/4/b">s. 157(4)(b)</CitationSubRef> inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cggh3r993-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cggh3r993-00030" CitationRef="cggh3r993-00029" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cggh3r993-00031" CitationRef="cggh3r993-00029" SectionRef="regulation-3-4-c" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/4/c" Operative="true">3(4)(c)</CitationSubRef> (with <CitationSubRef id="cggh3r993-00032" CitationRef="cggh3r993-00029" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cggh3r993-00033" CitationRef="cggh3r993-00029" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-c55357bc0c088004094381c5f7bd761c" Type="F"><Para><Text>Words in <CitationSubRef id="cggh3r993-00039" SectionRef="section-157-3" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/157/3">s. 157(3)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cggh3r993-00040" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cggh3r993-00041" CitationRef="cggh3r993-00040" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cggh3r993-00042" CitationRef="cggh3r993-00040" SectionRef="regulation-3-4-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/4/b" Operative="true">3(4)(b)</CitationSubRef> (with <CitationSubRef id="cggh3r993-00043" CitationRef="cggh3r993-00040" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cggh3r993-00044" CitationRef="cggh3r993-00040" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-de82b5030c8a1bd62aaaa73a6148eccd" Type="F"><Para><Text><CitationSubRef id="cgkjom343-00006" SectionRef="section-158-2-ab" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/2/ab">S. 158(2)(ab)</CitationSubRef> inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkjom343-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkjom343-00008" CitationRef="cgkjom343-00007" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkjom343-00009" CitationRef="cgkjom343-00007" SectionRef="regulation-3-5-b-ii" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/5/b/ii" Operative="true">3(5)(b)(ii)</CitationSubRef> (with <CitationSubRef id="cgkjom343-00010" CitationRef="cgkjom343-00007" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkjom343-00011" CitationRef="cgkjom343-00007" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-45130f9829b43ce093b639098c723e89" Type="F"><Para><Text>Word in <CitationSubRef id="cgkjom343-00017" SectionRef="section-158-2-aa" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/2/aa">s. 158(2)(aa)</CitationSubRef> omitted (28.11.2017) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkjom343-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkjom343-00019" CitationRef="cgkjom343-00018" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkjom343-00020" CitationRef="cgkjom343-00018" SectionRef="regulation-3-5-b-i" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/5/b/i" Operative="true">3(5)(b)(i)</CitationSubRef> (with <CitationSubRef id="cgkjom343-00021" CitationRef="cgkjom343-00018" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkjom343-00022" CitationRef="cgkjom343-00018" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-7c251ebd930338491bbda3520a5cebca" Type="F"><Para><Text>Words in <CitationSubRef id="cgkjom343-00028" SectionRef="section-158-2-b" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/2/b">s. 158(2)(b)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkjom343-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkjom343-00030" CitationRef="cgkjom343-00029" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkjom343-00031" CitationRef="cgkjom343-00029" SectionRef="regulation-3-5-b-iii" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/5/b/iii" Operative="true">3(5)(b)(iii)</CitationSubRef> (with <CitationSubRef id="cgkjom343-00032" CitationRef="cgkjom343-00029" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkjom343-00033" CitationRef="cgkjom343-00029" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-d5dd35f77676290e00306525aac0de54" Type="F"><Para><Text>Words in <CitationSubRef id="cgkjom343-00039" SectionRef="section-158-1-b" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/158/1/b">s. 158(1)(b)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkjom343-00040" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkjom343-00041" CitationRef="cgkjom343-00040" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkjom343-00042" CitationRef="cgkjom343-00040" SectionRef="regulation-3-5-a" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/5/a" Operative="true">3(5)(a)</CitationSubRef> (with <CitationSubRef id="cgkjom343-00043" CitationRef="cgkjom343-00040" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkjom343-00044" CitationRef="cgkjom343-00040" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-baaf751d01a6180b08a94520a62aa1ef" Type="F"><Para><Text>Words in s. 159(1)(c) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkjzk9c3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkjzk9c3-00008" CitationRef="cgkjzk9c3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkjzk9c3-00009" CitationRef="cgkjzk9c3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/6/c" SectionRef="regulation-3-6-c" Operative="true">3(6)(c)</CitationSubRef> (with <CitationSubRef id="cgkjzk9c3-00010" CitationRef="cgkjzk9c3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkjzk9c3-00011" CitationRef="cgkjzk9c3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-ec73a4d2039fa65b40eb66587de4da77" Type="F"><Para><Text>Words in s. 159(2)(a) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkjzk9c3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkjzk9c3-00019" CitationRef="cgkjzk9c3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkjzk9c3-00020" CitationRef="cgkjzk9c3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/6/d" SectionRef="regulation-3-6-d" Operative="true">3(6)(d)</CitationSubRef> (with <CitationSubRef id="cgkjzk9c3-00021" CitationRef="cgkjzk9c3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkjzk9c3-00022" CitationRef="cgkjzk9c3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-c0e0184b2164d314fc91353c5fdd72ff" Type="F"><Para><Text>Words in s. 159(2)(b) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkjzk9c3-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkjzk9c3-00030" CitationRef="cgkjzk9c3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkjzk9c3-00031" CitationRef="cgkjzk9c3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/6/e" SectionRef="regulation-3-6-e" Operative="true">3(6)(e)</CitationSubRef> (with <CitationSubRef id="cgkjzk9c3-00032" CitationRef="cgkjzk9c3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkjzk9c3-00033" CitationRef="cgkjzk9c3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-fc3e501336f53cbb165dffc5f3cea42e" Type="F"><Para><Text>Words in s. 159(1)(b) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkjzk9c3-00040" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkjzk9c3-00041" CitationRef="cgkjzk9c3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkjzk9c3-00042" CitationRef="cgkjzk9c3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/6/b" SectionRef="regulation-3-6-b" Operative="true">3(6)(b)</CitationSubRef> (with <CitationSubRef id="cgkjzk9c3-00043" CitationRef="cgkjzk9c3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkjzk9c3-00044" CitationRef="cgkjzk9c3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-1670cd19fe7df23e25bc5cb5688c9b1e" Type="F"><Para><Text>Words in <CitationSubRef id="cgkkas173-00006" SectionRef="section-160-1" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/160/1">s. 160(1)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkkas173-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkkas173-00008" CitationRef="cgkkas173-00007" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkkas173-00009" CitationRef="cgkkas173-00007" SectionRef="regulation-3-7-a" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/7/a" Operative="true">3(7)(a)</CitationSubRef> (with <CitationSubRef id="cgkkas173-00010" CitationRef="cgkkas173-00007" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkkas173-00011" CitationRef="cgkkas173-00007" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-d42897f44d76f065b98fad3a416be3c7" Type="F"><Para><Text>Words in <CitationSubRef id="cgkkas173-00017" SectionRef="section-160-5" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/160/5">s. 160(5)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkkas173-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkkas173-00019" CitationRef="cgkkas173-00018" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkkas173-00020" CitationRef="cgkkas173-00018" SectionRef="regulation-3-7-a" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/7/a" Operative="true">3(7)(a)</CitationSubRef> (with <CitationSubRef id="cgkkas173-00021" CitationRef="cgkkas173-00018" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkkas173-00022" CitationRef="cgkkas173-00018" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-65533983bd7bd68325a6301500dc764a" Type="F"><Para><Text>Words in <CitationSubRef id="cgkkas173-00039" SectionRef="section-160-3" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/160/3">s. 160(3)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkkas173-00040" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkkas173-00041" CitationRef="cgkkas173-00040" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkkas173-00042" CitationRef="cgkkas173-00040" SectionRef="regulation-3-7-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/7/b" Operative="true">3(7)(b)</CitationSubRef> (with <CitationSubRef id="cgkkas173-00043" CitationRef="cgkkas173-00040" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkkas173-00044" CitationRef="cgkkas173-00040" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-1f5b4e362e17e8008770ed068c868ee9" Type="F"><Para><Text>Words in <CitationSubRef id="cgkkas173-00050" SectionRef="section-160-4" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/160/4">s. 160(4)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkkas173-00051" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkkas173-00052" CitationRef="cgkkas173-00051" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkkas173-00053" CitationRef="cgkkas173-00051" SectionRef="regulation-3-7-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/7/b" Operative="true">3(7)(b)</CitationSubRef> (with <CitationSubRef id="cgkkas173-00054" CitationRef="cgkkas173-00051" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkkas173-00055" CitationRef="cgkkas173-00051" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-e8ccce58843d2e91b2e9b0aebfa42490" Type="F"><Para><Text>Words in <CitationSubRef id="cgkkas173-00028" SectionRef="section-160-5" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/160/5">s. 160(5)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkkas173-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkkas173-00030" CitationRef="cgkkas173-00029" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkkas173-00031" CitationRef="cgkkas173-00029" SectionRef="regulation-3-7-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/7/b" Operative="true">3(7)(b)</CitationSubRef> (with <CitationSubRef id="cgkkas173-00032" CitationRef="cgkkas173-00029" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkkas173-00033" CitationRef="cgkkas173-00029" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-2d52443ea18d174b5b4a2fa1e396ae18" Type="F"><Para><Text>Words in <CitationSubRef id="cgkkg9sp3-00006" SectionRef="section-161-4" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/161/4">s. 161(4)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkkg9sp3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkkg9sp3-00008" CitationRef="cgkkg9sp3-00007" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkkg9sp3-00009" CitationRef="cgkkg9sp3-00007" SectionRef="regulation-3-8-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/8/b" Operative="true">3(8)(b)</CitationSubRef> (with <CitationSubRef id="cgkkg9sp3-00010" CitationRef="cgkkg9sp3-00007" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkkg9sp3-00011" CitationRef="cgkkg9sp3-00007" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-8d8f1b750f9a3a5cca7df7fc6d01eb2c" Type="F"><Para><Text>Words in <CitationSubRef id="cgkkg9sp3-00017" SectionRef="section-161-2" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/161/2">s. 161(2)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkkg9sp3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkkg9sp3-00019" CitationRef="cgkkg9sp3-00018" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkkg9sp3-00020" CitationRef="cgkkg9sp3-00018" SectionRef="regulation-3-8-a" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/8/a" Operative="true">3(8)(a)</CitationSubRef> (with <CitationSubRef id="cgkkg9sp3-00021" CitationRef="cgkkg9sp3-00018" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkkg9sp3-00022" CitationRef="cgkkg9sp3-00018" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-5933c391955dccf925c6ed3d53057b75" Type="F"><Para><Text>Words in <CitationSubRef id="cgkkljqj3-00006" SectionRef="section-162-1" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/1">s. 162(1)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkkljqj3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkkljqj3-00008" CitationRef="cgkkljqj3-00007" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkkljqj3-00009" CitationRef="cgkkljqj3-00007" SectionRef="regulation-3-9-a" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/9/a" Operative="true">3(9)(a)</CitationSubRef> (with <CitationSubRef id="cgkkljqj3-00010" CitationRef="cgkkljqj3-00007" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkkljqj3-00011" CitationRef="cgkkljqj3-00007" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-218aeda4c39e7cbcbc5e86d5fa7a2a1d" Type="F"><Para><Text>Words in <CitationSubRef id="cgkkljqj3-00017" SectionRef="section-162-2" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/2">s. 162(2)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkkljqj3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkkljqj3-00019" CitationRef="cgkkljqj3-00018" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkkljqj3-00020" CitationRef="cgkkljqj3-00018" SectionRef="regulation-3-9-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/9/b" Operative="true">3(9)(b)</CitationSubRef> (with <CitationSubRef id="cgkkljqj3-00021" CitationRef="cgkkljqj3-00018" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkkljqj3-00022" CitationRef="cgkkljqj3-00018" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-cfe8e3037f29f566e3c46729b9e15fd8" Type="F"><Para><Text>Words in <CitationSubRef id="cgkkljqj3-00028" SectionRef="section-162-3" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/3">s. 162(3)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkkljqj3-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkkljqj3-00030" CitationRef="cgkkljqj3-00029" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkkljqj3-00031" CitationRef="cgkkljqj3-00029" SectionRef="regulation-3-9-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/9/b" Operative="true">3(9)(b)</CitationSubRef> (with <CitationSubRef id="cgkkljqj3-00032" CitationRef="cgkkljqj3-00029" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkkljqj3-00033" CitationRef="cgkkljqj3-00029" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-da65dfcd393a8cbfc205f492fec8224d" Type="F"><Para><Text>Words in <CitationSubRef id="cgkkljqj3-00039" SectionRef="section-162-5" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/5">s. 162(5)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkkljqj3-00040" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkkljqj3-00041" CitationRef="cgkkljqj3-00040" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkkljqj3-00042" CitationRef="cgkkljqj3-00040" SectionRef="regulation-3-9-c" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/9/c" Operative="true">3(9)(c)</CitationSubRef> (with <CitationSubRef id="cgkkljqj3-00043" CitationRef="cgkkljqj3-00040" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkkljqj3-00044" CitationRef="cgkkljqj3-00040" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-0a7fb8e1d086d0b57c3989c746af1654" Type="F"><Para><Text>Words in <CitationSubRef id="cgkkljqj3-00050" SectionRef="section-162-6" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/6">s. 162(6)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkkljqj3-00051" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkkljqj3-00052" CitationRef="cgkkljqj3-00051" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkkljqj3-00053" CitationRef="cgkkljqj3-00051" SectionRef="regulation-3-9-d" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/9/d" Operative="true">3(9)(d)</CitationSubRef> (with <CitationSubRef id="cgkkljqj3-00054" CitationRef="cgkkljqj3-00051" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkkljqj3-00055" CitationRef="cgkkljqj3-00051" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-3eb6bb103a07e7a0fbd538b189f7906a" Type="F"><Para><Text>Words in <CitationSubRef id="cgkkljqj3-00061" SectionRef="section-162-7-b" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/162/7/b">s. 162(7)(b)</CitationSubRef> inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkkljqj3-00062" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkkljqj3-00063" CitationRef="cgkkljqj3-00062" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkkljqj3-00064" CitationRef="cgkkljqj3-00062" SectionRef="regulation-3-9-e" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/9/e" Operative="true">3(9)(e)</CitationSubRef> (with <CitationSubRef id="cgkkljqj3-00065" CitationRef="cgkkljqj3-00062" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkkljqj3-00066" CitationRef="cgkkljqj3-00062" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-6bcb16465918635ae4b892a02cb50293" Type="F"><Para><Text>Words in s. 163(1) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkl4v2l3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkl4v2l3-00008" CitationRef="cgkl4v2l3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkl4v2l3-00009" CitationRef="cgkl4v2l3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/10" SectionRef="regulation-3-10" Operative="true">3(10)</CitationSubRef> (with <CitationSubRef id="cgkl4v2l3-00010" CitationRef="cgkl4v2l3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkl4v2l3-00011" CitationRef="cgkl4v2l3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-e64321e449cd3c06cf0fb22af35d1524" Type="F"><Para><Text>Words in s. 163(5) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkl4v2l3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkl4v2l3-00019" CitationRef="cgkl4v2l3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkl4v2l3-00020" CitationRef="cgkl4v2l3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/10" SectionRef="regulation-3-10" Operative="true">3(10)</CitationSubRef> (with <CitationSubRef id="cgkl4v2l3-00021" CitationRef="cgkl4v2l3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkl4v2l3-00022" CitationRef="cgkl4v2l3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-885c4f16489ad26276837172bdcbef00" Type="F"><Para><Text>Words in s. 164(1)(b) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkld2ko3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkld2ko3-00008" CitationRef="cgkld2ko3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkld2ko3-00009" CitationRef="cgkld2ko3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/11/a" SectionRef="regulation-3-11-a" Operative="true">3(11)(a)</CitationSubRef> (with <CitationSubRef id="cgkld2ko3-00010" CitationRef="cgkld2ko3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkld2ko3-00011" CitationRef="cgkld2ko3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-a4ab7ea03ec5d6ee196bd730b18b0051" Type="F"><Para><Text>Words in s. 164(3) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkld2ko3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkld2ko3-00019" CitationRef="cgkld2ko3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkld2ko3-00020" CitationRef="cgkld2ko3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/11/b" SectionRef="regulation-3-11-b" Operative="true">3(11)(b)</CitationSubRef> (with <CitationSubRef id="cgkld2ko3-00021" CitationRef="cgkld2ko3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkld2ko3-00022" CitationRef="cgkld2ko3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-6dde7ece13b76342b19ad5a31151e4b5" Type="F"><Para><Text>Words in s. 164(5) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkld2ko3-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkld2ko3-00030" CitationRef="cgkld2ko3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkld2ko3-00031" CitationRef="cgkld2ko3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/11/c/i" SectionRef="regulation-3-11-c-i" Operative="true">3(11)(c)(i)</CitationSubRef> (with <CitationSubRef id="cgkld2ko3-00032" CitationRef="cgkld2ko3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkld2ko3-00033" CitationRef="cgkld2ko3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-a4ffd9c34dddb50babfe7bf66d166005" Type="F"><Para><Text>Words in s. 164(5) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkld2ko3-00040" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkld2ko3-00041" CitationRef="cgkld2ko3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkld2ko3-00042" CitationRef="cgkld2ko3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/11/c/ii" SectionRef="regulation-3-11-c-ii" Operative="true">3(11)(c)(ii)</CitationSubRef> (with <CitationSubRef id="cgkld2ko3-00043" CitationRef="cgkld2ko3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkld2ko3-00044" CitationRef="cgkld2ko3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-a56816b4b3e0776a60b300f68ffd0dd8" Type="F"><Para><Text>Words in <CitationSubRef id="cgklli4l3-00061" SectionRef="section-165-4-b" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/4/b">s. 165(4)(b)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgklli4l3-00062" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgklli4l3-00063" CitationRef="cgklli4l3-00062" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgklli4l3-00064" CitationRef="cgklli4l3-00062" SectionRef="regulation-3-12-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/12/b" Operative="true">3(12)(b)</CitationSubRef> (with <CitationSubRef id="cgklli4l3-00065" CitationRef="cgklli4l3-00062" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgklli4l3-00066" CitationRef="cgklli4l3-00062" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-3a97c422d0954e366ed6d9daf813d16a" Type="F"><Para><Text>Words in <CitationSubRef id="cgklli4l3-00006" SectionRef="section-165-4-c" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/4/c">s. 165(4)(c)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgklli4l3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgklli4l3-00008" CitationRef="cgklli4l3-00007" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgklli4l3-00009" CitationRef="cgklli4l3-00007" SectionRef="regulation-3-12-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/12/b" Operative="true">3(12)(b)</CitationSubRef> (with <CitationSubRef id="cgklli4l3-00010" CitationRef="cgklli4l3-00007" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgklli4l3-00011" CitationRef="cgklli4l3-00007" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-1cd9129e8584ab459e0ed44c6d3df00c" Type="F"><Para><Text>Words in <CitationSubRef id="cgklli4l3-00017" SectionRef="section-165-3-a" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/3/a">s. 165(3)(a)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgklli4l3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgklli4l3-00019" CitationRef="cgklli4l3-00018" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgklli4l3-00020" CitationRef="cgklli4l3-00018" SectionRef="regulation-3-12-a" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/12/a" Operative="true">3(12)(a)</CitationSubRef> (with <CitationSubRef id="cgklli4l3-00021" CitationRef="cgklli4l3-00018" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgklli4l3-00022" CitationRef="cgklli4l3-00018" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-41670748abbbf904aa5b3b22f37cb0aa" Type="F"><Para><Text>Words in <CitationSubRef id="cgklli4l3-00050" SectionRef="section-165-5-a" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/5/a">s. 165(5)(a)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgklli4l3-00051" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgklli4l3-00052" CitationRef="cgklli4l3-00051" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgklli4l3-00053" CitationRef="cgklli4l3-00051" SectionRef="regulation-3-12-a" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/12/a" Operative="true">3(12)(a)</CitationSubRef> (with <CitationSubRef id="cgklli4l3-00054" CitationRef="cgklli4l3-00051" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgklli4l3-00055" CitationRef="cgklli4l3-00051" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-4b155cbe108ab3bfa86446fbcc147d16" Type="F"><Para><Text>Words in <CitationSubRef id="cgklli4l3-00028" SectionRef="section-165-5-b" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/5/b">s. 165(5)(b)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgklli4l3-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgklli4l3-00030" CitationRef="cgklli4l3-00029" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgklli4l3-00031" CitationRef="cgklli4l3-00029" SectionRef="regulation-3-12-a" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/12/a" Operative="true">3(12)(a)</CitationSubRef> (with <CitationSubRef id="cgklli4l3-00032" CitationRef="cgklli4l3-00029" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgklli4l3-00033" CitationRef="cgklli4l3-00029" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-4a9171cc10675c791753ac023aacc98c" Type="F"><Para><Text>Words in <CitationSubRef id="cgklli4l3-00039" SectionRef="section-165-5-c" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/165/5/c">s. 165(5)(c)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgklli4l3-00040" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgklli4l3-00041" CitationRef="cgklli4l3-00040" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgklli4l3-00042" CitationRef="cgklli4l3-00040" SectionRef="regulation-3-12-a" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/12/a" Operative="true">3(12)(a)</CitationSubRef> (with <CitationSubRef id="cgklli4l3-00043" CitationRef="cgklli4l3-00040" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgklli4l3-00044" CitationRef="cgklli4l3-00040" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-68781f6e4f735605c5aecdaf706b4516" Type="F"><Para><Text>Words in <CitationSubRef id="cgklvub53-00006" SectionRef="section-166-2" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/2">s. 166(2)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgklvub53-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgklvub53-00007" id="cgklvub53-00008" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgklvub53-00007" id="cgklvub53-00009" SectionRef="regulation-3-13-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/13/b" Operative="true">3(13)(b)</CitationSubRef> (with <CitationSubRef CitationRef="cgklvub53-00007" id="cgklvub53-00010" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgklvub53-00007" id="cgklvub53-00011" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-0de62d805892d68ce1f87aebc7c0e1eb" Type="F"><Para><Text>Words in <CitationSubRef id="cgklvub53-00028" SectionRef="section-166-7" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/7">s. 166(7)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgklvub53-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgklvub53-00029" id="cgklvub53-00030" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgklvub53-00029" id="cgklvub53-00031" SectionRef="regulation-3-13-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/13/b" Operative="true">3(13)(b)</CitationSubRef> (with <CitationSubRef CitationRef="cgklvub53-00029" id="cgklvub53-00032" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgklvub53-00029" id="cgklvub53-00033" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-99450e8e76c032d6e9a1ca425a9a8147" Type="F"><Para><Text>Words in <CitationSubRef id="cgklvub53-00017" SectionRef="section-166-3" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3">s. 166(3)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgklvub53-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgklvub53-00018" id="cgklvub53-00019" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgklvub53-00018" id="cgklvub53-00020" SectionRef="regulation-3-13-c" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/13/c" Operative="true">3(13)(c)</CitationSubRef> (with <CitationSubRef CitationRef="cgklvub53-00018" id="cgklvub53-00021" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgklvub53-00018" id="cgklvub53-00022" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-d852778ddf3e19438b99912ceb77a5bd" Type="F"><Para><Text>Words in <CitationSubRef id="cgklvub53-00050" SectionRef="section-166-7A" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/7A">s. 166(7A)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgklvub53-00051" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgklvub53-00051" id="cgklvub53-00052" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgklvub53-00051" id="cgklvub53-00053" SectionRef="regulation-3-13-c" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/13/c" Operative="true">3(13)(c)</CitationSubRef> (with <CitationSubRef CitationRef="cgklvub53-00051" id="cgklvub53-00054" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgklvub53-00051" id="cgklvub53-00055" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-d605fc5b431a3bd617b0f76aaecbb959" Type="F"><Para><Text>Words in <CitationSubRef id="cgklvub53-00061" SectionRef="section-166-7B" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/7B">s. 166(7B)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgklvub53-00062" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgklvub53-00062" id="cgklvub53-00063" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgklvub53-00062" id="cgklvub53-00064" SectionRef="regulation-3-13-c" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/13/c" Operative="true">3(13)(c)</CitationSubRef> (with <CitationSubRef CitationRef="cgklvub53-00062" id="cgklvub53-00065" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgklvub53-00062" id="cgklvub53-00066" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-f102fd38da7ba9b4efed02d5a26c77a9" Type="F"><Para><Text>Words in <CitationSubRef id="cgklvub53-00039" SectionRef="section-166-8" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/8">s. 166(8)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgklvub53-00040" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgklvub53-00040" id="cgklvub53-00041" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgklvub53-00040" id="cgklvub53-00042" SectionRef="regulation-3-13-d" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/13/d" Operative="true">3(13)(d)</CitationSubRef> (with <CitationSubRef CitationRef="cgklvub53-00040" id="cgklvub53-00043" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgklvub53-00040" id="cgklvub53-00044" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-9e5c9dbf4bf73c3bfb04f9fb9bd51779" Type="F"><Para><Text>Words in <CitationSubRef id="cgklvub53-00072" SectionRef="section-166-1" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/1">s. 166(1)</CitationSubRef> inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgklvub53-00073" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgklvub53-00073" id="cgklvub53-00074" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgklvub53-00073" id="cgklvub53-00075" SectionRef="regulation-3-13-a" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/13/a" Operative="true">3(13)(a)</CitationSubRef> (with <CitationSubRef CitationRef="cgklvub53-00073" id="cgklvub53-00076" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgklvub53-00073" id="cgklvub53-00077" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-76e3ee308d8158d0ffa154e0bd636d79" Type="F"><Para><Text>Words in <CitationSubRef id="cgklvub53-00083" SectionRef="section-166-9-b" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/9/b">s. 166(9)(b)</CitationSubRef> inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgklvub53-00084" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgklvub53-00084" id="cgklvub53-00085" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgklvub53-00084" id="cgklvub53-00086" SectionRef="regulation-3-13-e" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/13/e" Operative="true">3(13)(e)</CitationSubRef> (with <CitationSubRef CitationRef="cgklvub53-00084" id="cgklvub53-00087" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgklvub53-00084" id="cgklvub53-00088" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-3235de8f3f0ac961f9f670babbeb7d93" Type="F"><Para><Text>S. 169(2A) inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkm9szm3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkm9szm3-00008" CitationRef="cgkm9szm3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkm9szm3-00009" CitationRef="cgkm9szm3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/15/a" SectionRef="regulation-3-15-a" Operative="true">3(15)(a)</CitationSubRef> (with <CitationSubRef id="cgkm9szm3-00010" CitationRef="cgkm9szm3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkm9szm3-00011" CitationRef="cgkm9szm3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-b4a27917c133440207e71303c02fe9c4" Type="F"><Para><Text>S. 169(3A)(d) and word inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkm9szm3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkm9szm3-00019" CitationRef="cgkm9szm3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkm9szm3-00020" CitationRef="cgkm9szm3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/15/c/ii" SectionRef="regulation-3-15-c-ii" Operative="true">3(15)(c)(ii)</CitationSubRef> (with <CitationSubRef id="cgkm9szm3-00021" CitationRef="cgkm9szm3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkm9szm3-00022" CitationRef="cgkm9szm3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-5bceb187491364cf113a3b2c046ed77b" Type="F"><Para><Text>Word in s. 169(3A)(b) omitted (28.11.2017) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkm9szm3-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkm9szm3-00030" CitationRef="cgkm9szm3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkm9szm3-00031" CitationRef="cgkm9szm3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/15/c/i" SectionRef="regulation-3-15-c-i" Operative="true">3(15)(c)(i)</CitationSubRef> (with <CitationSubRef id="cgkm9szm3-00032" CitationRef="cgkm9szm3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkm9szm3-00033" CitationRef="cgkm9szm3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-d36ed9514bf7c79f20c76c3087e3b404" Type="F"><Para><Text>Words in s. 169(3) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkm9szm3-00040" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkm9szm3-00041" CitationRef="cgkm9szm3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkm9szm3-00042" CitationRef="cgkm9szm3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/15/b" SectionRef="regulation-3-15-b" Operative="true">3(15)(b)</CitationSubRef> (with <CitationSubRef id="cgkm9szm3-00043" CitationRef="cgkm9szm3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkm9szm3-00044" CitationRef="cgkm9szm3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-88e1368a479cf239bc80fe0cb0096dbb" Type="F"><Para><Text>Words in s. 170A(1)(f) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkmi9b33-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgkmi9b33-00007" id="cgkmi9b33-00008" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgkmi9b33-00007" id="cgkmi9b33-00009" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/16" SectionRef="regulation-3-16" Operative="true">3(16)</CitationSubRef> (with <CitationSubRef CitationRef="cgkmi9b33-00007" id="cgkmi9b33-00010" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgkmi9b33-00007" id="cgkmi9b33-00011" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-1391d10e311111b66cccc99b2f3e987d" Type="F"><Para><Text>Words in s. 172(1) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkmmw6p3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgkmmw6p3-00007" id="cgkmmw6p3-00008" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgkmmw6p3-00007" id="cgkmmw6p3-00009" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/18" SectionRef="regulation-3-18" Operative="true">3(18)</CitationSubRef> (with <CitationSubRef CitationRef="cgkmmw6p3-00007" id="cgkmmw6p3-00010" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgkmmw6p3-00007" id="cgkmmw6p3-00011" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-3f95ed0f897bb8d4f74d58ee59822837" Type="F"><Para><Text>Word in <CitationSubRef id="cgkmqnyr3-00006" SectionRef="section-173-1-b" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/173/1/b">s. 173(1)(b)</CitationSubRef> omitted (28.11.2017) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkmqnyr3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkmqnyr3-00008" CitationRef="cgkmqnyr3-00007" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkmqnyr3-00009" CitationRef="cgkmqnyr3-00007" SectionRef="regulation-3-19-a-i" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/19/a/i" Operative="true">3(19)(a)(i)</CitationSubRef> (with <CitationSubRef id="cgkmqnyr3-00010" CitationRef="cgkmqnyr3-00007" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkmqnyr3-00011" CitationRef="cgkmqnyr3-00007" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-9a9755bad512edbb1d201c176bf18109" Type="F"><Para><Text><CitationSubRef id="cgkmqnyr3-00017" SectionRef="section-173-1-ba" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/173/1/ba">S. 173(1)(ba)</CitationSubRef> inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkmqnyr3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkmqnyr3-00019" CitationRef="cgkmqnyr3-00018" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkmqnyr3-00020" CitationRef="cgkmqnyr3-00018" SectionRef="regulation-3-19-a-ii" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/19/a/ii" Operative="true">3(19)(a)(ii)</CitationSubRef> (with <CitationSubRef id="cgkmqnyr3-00021" CitationRef="cgkmqnyr3-00018" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkmqnyr3-00022" CitationRef="cgkmqnyr3-00018" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-15b33bf4bcdfb801e084d7edf0921173" Type="F"><Para><Text>Word in <CitationSubRef id="cgkmqnyr3-00028" SectionRef="section-173-2" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/173/2">s. 173(2)</CitationSubRef> inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkmqnyr3-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkmqnyr3-00030" CitationRef="cgkmqnyr3-00029" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkmqnyr3-00031" CitationRef="cgkmqnyr3-00029" SectionRef="regulation-3-19-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/19/b" Operative="true">3(19)(b)</CitationSubRef> (with <CitationSubRef id="cgkmqnyr3-00032" CitationRef="cgkmqnyr3-00029" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkmqnyr3-00033" CitationRef="cgkmqnyr3-00029" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-68d7c58c5698d47a6820ba7bad7ce5e7" Type="F"><Para><Text>Word in <CitationSubRef id="cgkmqnyr3-00039" SectionRef="section-173-4" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/173/4">s. 173(4)</CitationSubRef> inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkmqnyr3-00040" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkmqnyr3-00041" CitationRef="cgkmqnyr3-00040" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkmqnyr3-00042" CitationRef="cgkmqnyr3-00040" SectionRef="regulation-3-19-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/19/b" Operative="true">3(19)(b)</CitationSubRef> (with <CitationSubRef id="cgkmqnyr3-00043" CitationRef="cgkmqnyr3-00040" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkmqnyr3-00044" CitationRef="cgkmqnyr3-00040" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-26aebf639aaac1aca37189d402bf0001" Type="F"><Para><Text>S. 176(2)(aa) inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkmyblr3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgkmyblr3-00007" id="cgkmyblr3-00008" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgkmyblr3-00007" id="cgkmyblr3-00009" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/20/a" SectionRef="regulation-3-20-a" Operative="true">3(20)(a)</CitationSubRef> (with <CitationSubRef CitationRef="cgkmyblr3-00007" id="cgkmyblr3-00010" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgkmyblr3-00007" id="cgkmyblr3-00011" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-37ffc3e277b51fd37298942b64f5d695" Type="F"><Para><Text>Words in s. 176(6) inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkmyblr3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgkmyblr3-00018" id="cgkmyblr3-00019" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgkmyblr3-00018" id="cgkmyblr3-00020" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/20/c" SectionRef="regulation-3-20-c" Operative="true">3(20)(c)</CitationSubRef> (with <CitationSubRef CitationRef="cgkmyblr3-00018" id="cgkmyblr3-00021" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgkmyblr3-00018" id="cgkmyblr3-00022" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-b8114a02e1ea6da0c5aee7fb51f61c17" Type="F"><Para><Text>Words in s. 176(3) inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkmyblr3-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgkmyblr3-00029" id="cgkmyblr3-00030" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgkmyblr3-00029" id="cgkmyblr3-00031" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/20/b/i" SectionRef="regulation-3-20-b-i" Operative="true">3(20)(b)(i)</CitationSubRef> (with <CitationSubRef CitationRef="cgkmyblr3-00029" id="cgkmyblr3-00032" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgkmyblr3-00029" id="cgkmyblr3-00033" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-1c348a413728ec5e9428c4a9434d90b7" Type="F"><Para><Text>Words in s. 176(3) inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkmyblr3-00040" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgkmyblr3-00040" id="cgkmyblr3-00041" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgkmyblr3-00040" id="cgkmyblr3-00042" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/20/b/ii" SectionRef="regulation-3-20-b-ii" Operative="true">3(20)(b)(ii)</CitationSubRef> (with <CitationSubRef CitationRef="cgkmyblr3-00040" id="cgkmyblr3-00043" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgkmyblr3-00040" id="cgkmyblr3-00044" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-00f82360dbcedf9e606e48cc2c97311f" Type="F"><Para><Text>Words in <CitationSubRef id="cgkn58c53-00006" SectionRef="section-177-1" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/177/1">s. 177(1)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkn58c53-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkn58c53-00008" CitationRef="cgkn58c53-00007" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkn58c53-00009" CitationRef="cgkn58c53-00007" SectionRef="regulation-3-21-a" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/21/a" Operative="true">3(21)(a)</CitationSubRef> (with <CitationSubRef id="cgkn58c53-00010" CitationRef="cgkn58c53-00007" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkn58c53-00011" CitationRef="cgkn58c53-00007" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-f9bc56c06ff466f1b5cf93edec970ce2" Type="F"><Para><Text>Words in <CitationSubRef id="cgkn58c53-00017" SectionRef="section-177-1" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/177/1">s. 177(1)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkn58c53-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkn58c53-00019" CitationRef="cgkn58c53-00018" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkn58c53-00020" CitationRef="cgkn58c53-00018" SectionRef="regulation-3-21-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/21/b" Operative="true">3(21)(b)</CitationSubRef> (with <CitationSubRef id="cgkn58c53-00021" CitationRef="cgkn58c53-00018" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkn58c53-00022" CitationRef="cgkn58c53-00018" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-81dc79b8f3863f87edc35a94fef2e582" Type="F"><Para><Text>Words in <CitationSubRef id="cgkn58c53-00028" SectionRef="section-177-2" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/177/2">s. 177(2)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkn58c53-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkn58c53-00030" CitationRef="cgkn58c53-00029" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkn58c53-00031" CitationRef="cgkn58c53-00029" SectionRef="regulation-3-21-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/21/b" Operative="true">3(21)(b)</CitationSubRef> (with <CitationSubRef id="cgkn58c53-00032" CitationRef="cgkn58c53-00029" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkn58c53-00033" CitationRef="cgkn58c53-00029" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-64e1a320e53576ba8fc1112d274aa650" Type="F"><Para><Text>Words in <CitationSubRef id="cgkn58c53-00039" SectionRef="section-177-3" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/177/3">s. 177(3)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkn58c53-00040" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkn58c53-00041" CitationRef="cgkn58c53-00040" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkn58c53-00042" CitationRef="cgkn58c53-00040" SectionRef="regulation-3-21-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/21/b" Operative="true">3(21)(b)</CitationSubRef> (with <CitationSubRef id="cgkn58c53-00043" CitationRef="cgkn58c53-00040" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkn58c53-00044" CitationRef="cgkn58c53-00040" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-c7eb319de868ed88fa90e13d61c9685a" Type="F"><Para><Text>Words in <CitationSubRef id="cgkn58c53-00050" SectionRef="section-177-4" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/177/4">s. 177(4)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkn58c53-00051" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkn58c53-00052" CitationRef="cgkn58c53-00051" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkn58c53-00053" CitationRef="cgkn58c53-00051" SectionRef="regulation-3-21-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/21/b" Operative="true">3(21)(b)</CitationSubRef> (with <CitationSubRef id="cgkn58c53-00054" CitationRef="cgkn58c53-00051" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkn58c53-00055" CitationRef="cgkn58c53-00051" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-4392df0ee6c6755e170f395b5e249e38" Type="F"><Para><Text>Words in <CitationSubRef id="cgkn58c53-00061" SectionRef="section-177-4" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/177/4">s. 177(4)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkn58c53-00062" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkn58c53-00063" CitationRef="cgkn58c53-00062" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkn58c53-00064" CitationRef="cgkn58c53-00062" SectionRef="regulation-3-21-c" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/21/c" Operative="true">3(21)(c)</CitationSubRef> (with <CitationSubRef id="cgkn58c53-00065" CitationRef="cgkn58c53-00062" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkn58c53-00066" CitationRef="cgkn58c53-00062" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-0b73d9cfaec1a777b4dbeebd7afd53d9" Type="F"><Para><Text>Words in <CitationSubRef id="cgkncxa93-00006" SectionRef="section-180-1" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/180/1">s. 180(1)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkncxa93-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkncxa93-00008" CitationRef="cgkncxa93-00007" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkncxa93-00009" CitationRef="cgkncxa93-00007" SectionRef="regulation-3-22-a" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/22/a" Operative="true">3(22)(a)</CitationSubRef> (with <CitationSubRef id="cgkncxa93-00010" CitationRef="cgkncxa93-00007" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkncxa93-00011" CitationRef="cgkncxa93-00007" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-f0fea6c69ff8bcb0c4feeb8c34bc6fbf" Type="F"><Para><Text>Words in <CitationSubRef id="cgkncxa93-00017" SectionRef="section-180-1-a" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/180/1/a">s. 180(1)(a)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgkncxa93-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgkncxa93-00019" CitationRef="cgkncxa93-00018" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgkncxa93-00020" CitationRef="cgkncxa93-00018" SectionRef="regulation-3-22-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/22/b" Operative="true">3(22)(b)</CitationSubRef> (with <CitationSubRef id="cgkncxa93-00021" CitationRef="cgkncxa93-00018" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgkncxa93-00022" CitationRef="cgkncxa93-00018" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-02f9f701b9a10f53918501a4bae65a19" Type="F"><Para><Text>Words in s. 184(4) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgknh4s73-00051" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgknh4s73-00052" CitationRef="cgknh4s73-00051" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgknh4s73-00053" CitationRef="cgknh4s73-00051" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/23/b" SectionRef="regulation-3-23-b" Operative="true">3(23)(b)</CitationSubRef> (with <CitationSubRef id="cgknh4s73-00054" CitationRef="cgknh4s73-00051" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgknh4s73-00055" CitationRef="cgknh4s73-00051" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-001f0432ecf21ee0232080dc9e70b94b" Type="F"><Para><Text>Words in s. 184(1) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgknh4s73-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgknh4s73-00019" CitationRef="cgknh4s73-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgknh4s73-00020" CitationRef="cgknh4s73-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/23/a" SectionRef="regulation-3-23-a" Operative="true">3(23)(a)</CitationSubRef> (with <CitationSubRef id="cgknh4s73-00021" CitationRef="cgknh4s73-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgknh4s73-00022" CitationRef="cgknh4s73-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-549b63858898f3ceb8e26599dad62230" Type="F"><Para><Text>Words in s. 184(2) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgknh4s73-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgknh4s73-00030" CitationRef="cgknh4s73-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgknh4s73-00031" CitationRef="cgknh4s73-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/23/a" SectionRef="regulation-3-23-a" Operative="true">3(23)(a)</CitationSubRef> (with <CitationSubRef id="cgknh4s73-00032" CitationRef="cgknh4s73-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgknh4s73-00033" CitationRef="cgknh4s73-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-a693ec49e5b0e4341604558306c66574" Type="F"><Para><Text>Words in s. 184(3) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgknh4s73-00040" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgknh4s73-00041" CitationRef="cgknh4s73-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgknh4s73-00042" CitationRef="cgknh4s73-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/23/a" SectionRef="regulation-3-23-a" Operative="true">3(23)(a)</CitationSubRef> (with <CitationSubRef id="cgknh4s73-00043" CitationRef="cgknh4s73-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgknh4s73-00044" CitationRef="cgknh4s73-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-193098fa9e33257a59b410004c19da59" Type="F"><Para><Text>Words in s. 184(5) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgknh4s73-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgknh4s73-00008" CitationRef="cgknh4s73-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgknh4s73-00009" CitationRef="cgknh4s73-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/23/a" SectionRef="regulation-3-23-a" Operative="true">3(23)(a)</CitationSubRef> (with <CitationSubRef id="cgknh4s73-00010" CitationRef="cgknh4s73-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgknh4s73-00011" CitationRef="cgknh4s73-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-b3ebd418c585dfe6c07356e5b44c3398" Type="F"><Para><Text>Words in s. 190(1) inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgndj7br3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgndj7br3-00007" id="cgndj7br3-00008" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgndj7br3-00007" id="cgndj7br3-00009" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/25/a" SectionRef="regulation-3-25-a" Operative="true">3(25)(a)</CitationSubRef> (with <CitationSubRef CitationRef="cgndj7br3-00007" id="cgndj7br3-00010" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgndj7br3-00007" id="cgndj7br3-00011" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-db81249d82e9a90410b8d8ded4bbe77a" Type="F"><Para><Text>Words in s. 190(1) inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgndj7br3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgndj7br3-00018" id="cgndj7br3-00019" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgndj7br3-00018" id="cgndj7br3-00020" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/25/b" SectionRef="regulation-3-25-b" Operative="true">3(25)(b)</CitationSubRef> (with <CitationSubRef CitationRef="cgndj7br3-00018" id="cgndj7br3-00021" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgndj7br3-00018" id="cgndj7br3-00022" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-5ea838fa7f7a3ec979148bd057c119f2" Type="F"><Para><Text>Words in s. 190(1) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgndj7br3-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgndj7br3-00029" id="cgndj7br3-00030" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgndj7br3-00029" id="cgndj7br3-00031" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/25/c" SectionRef="regulation-3-25-c" Operative="true">3(25)(c)</CitationSubRef> (with <CitationSubRef CitationRef="cgndj7br3-00029" id="cgndj7br3-00032" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgndj7br3-00029" id="cgndj7br3-00033" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-9f47eadcde79b4a2df3dd765f89ae9cc" Type="F"><Para><Text>Words in s. 191 Table inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgne0lkt3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgne0lkt3-00007" id="cgne0lkt3-00008" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgne0lkt3-00007" id="cgne0lkt3-00009" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/26/a" SectionRef="regulation-3-26-a" Operative="true">3(26)(a)</CitationSubRef> (with <CitationSubRef CitationRef="cgne0lkt3-00007" id="cgne0lkt3-00010" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgne0lkt3-00007" id="cgne0lkt3-00011" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-c117d8038b19dc44773e95232caf2d2e" Type="F"><Para><Text>Words in s. 191 Table substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgne0lkt3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef CitationRef="cgne0lkt3-00018" id="cgne0lkt3-00019" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgne0lkt3-00018" id="cgne0lkt3-00020" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/26/b" SectionRef="regulation-3-26-b" Operative="true">3(26)(b)</CitationSubRef> (with <CitationSubRef CitationRef="cgne0lkt3-00018" id="cgne0lkt3-00021" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef CitationRef="cgne0lkt3-00018" id="cgne0lkt3-00022" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-18dbfcea08c6631e1df6321966a0563f" Type="F"><Para><Text>Words in <CitationSubRef id="cgnelg0p3-00006" SectionRef="section-213-5-c" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/213/5/c">s. 213(5)(c)</CitationSubRef> substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgnelg0p3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgnelg0p3-00008" CitationRef="cgnelg0p3-00007" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">reg. 1</CitationSubRef>, <CitationSubRef id="cgnelg0p3-00009" CitationRef="cgnelg0p3-00007" SectionRef="schedule-paragraph-5-3" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/schedule/paragraph/5/3" Operative="true">Sch. para. 5(3)</CitationSubRef> (with <CitationSubRef id="cgnelg0p3-00010" CitationRef="cgnelg0p3-00007" SectionRef="regulation-7-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgnelg0p3-00011" CitationRef="cgnelg0p3-00007" SectionRef="regulation-9-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-485f12f3030ce23c6ee8b748bd71127f" Type="F"><Para><Text>S. 188(1B) inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgneucne3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgneucne3-00008" CitationRef="cgneucne3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgneucne3-00009" CitationRef="cgneucne3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/24/b" SectionRef="regulation-3-24-b" Operative="true">3(24)(b)</CitationSubRef> (with <CitationSubRef id="cgneucne3-00010" CitationRef="cgneucne3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgneucne3-00011" CitationRef="cgneucne3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-3622169285d6228c7e0e322047592a36" Type="F"><Para><Text>Words in s. 188(1) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgneucne3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgneucne3-00019" CitationRef="cgneucne3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgneucne3-00020" CitationRef="cgneucne3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/24/a/i" SectionRef="regulation-3-24-a-i" Operative="true">3(24)(a)(i)</CitationSubRef> (with <CitationSubRef id="cgneucne3-00021" CitationRef="cgneucne3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgneucne3-00022" CitationRef="cgneucne3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-a8f516f74de61e3d2cb59b6b7715375a" Type="F"><Para><Text>Words in s. 188(1) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgneucne3-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgneucne3-00030" CitationRef="cgneucne3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgneucne3-00031" CitationRef="cgneucne3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/24/a/ii" SectionRef="regulation-3-24-a-ii" Operative="true">3(24)(a)(ii)</CitationSubRef> (with <CitationSubRef id="cgneucne3-00032" CitationRef="cgneucne3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgneucne3-00033" CitationRef="cgneucne3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-0f16532e0833a8e001e995dc08b734da" Type="F"><Para><Text>S. 188(3A)(e)(f) inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgneucne3-00040" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgneucne3-00041" CitationRef="cgneucne3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgneucne3-00042" CitationRef="cgneucne3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/24/d/iv" SectionRef="regulation-3-24-d-iv" Operative="true">3(24)(d)(iv)</CitationSubRef> (with <CitationSubRef id="cgneucne3-00043" CitationRef="cgneucne3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgneucne3-00044" CitationRef="cgneucne3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-e7e123fe3a169a053ef04878354c7168" Type="F"><Para><Text>Words in s. 188(2) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgneucne3-00051" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgneucne3-00052" CitationRef="cgneucne3-00051" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgneucne3-00053" CitationRef="cgneucne3-00051" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/24/c" SectionRef="regulation-3-24-c" Operative="true">3(24)(c)</CitationSubRef> (with <CitationSubRef id="cgneucne3-00054" CitationRef="cgneucne3-00051" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgneucne3-00055" CitationRef="cgneucne3-00051" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-f71bc62389aa27695f3c54932886ee54" Type="F"><Para><Text>Words in s. 188(3) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgneucne3-00062" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgneucne3-00063" CitationRef="cgneucne3-00062" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgneucne3-00064" CitationRef="cgneucne3-00062" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/24/c" SectionRef="regulation-3-24-c" Operative="true">3(24)(c)</CitationSubRef> (with <CitationSubRef id="cgneucne3-00065" CitationRef="cgneucne3-00062" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgneucne3-00066" CitationRef="cgneucne3-00062" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-eaca0710356f4027e8e22bb80708ac4b" Type="F"><Para><Text>S. 188(3A)(c)(i) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgneucne3-00074" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgneucne3-00075" CitationRef="cgneucne3-00074" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgneucne3-00076" CitationRef="cgneucne3-00074" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/24/d/i" SectionRef="regulation-3-24-d-i" Operative="true">3(24)(d)(i)</CitationSubRef> (with <CitationSubRef id="cgneucne3-00077" CitationRef="cgneucne3-00074" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgneucne3-00078" CitationRef="cgneucne3-00074" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-cef15e2edd2d4fbb62b2978dd4851f00" Type="F"><Para><Text>Word in s. 188(3A)(c) omitted (28.11.2017) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgneucne3-00085" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgneucne3-00086" CitationRef="cgneucne3-00085" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgneucne3-00087" CitationRef="cgneucne3-00085" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/24/d/ii" SectionRef="regulation-3-24-d-ii" Operative="true">3(24)(d)(ii)</CitationSubRef> (with <CitationSubRef id="cgneucne3-00088" CitationRef="cgneucne3-00085" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgneucne3-00089" CitationRef="cgneucne3-00085" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-501212f36b32007db5cb83151015c90b" Type="F"><Para><Text>S. 188(3A)(d)(i) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgneucne3-00097" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgneucne3-00098" CitationRef="cgneucne3-00097" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgneucne3-00099" CitationRef="cgneucne3-00097" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/24/d/iii" SectionRef="regulation-3-24-d-iii" Operative="true">3(24)(d)(iii)</CitationSubRef> (with <CitationSubRef id="cgneucne3-00100" CitationRef="cgneucne3-00097" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgneucne3-00101" CitationRef="cgneucne3-00097" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-3cd4daeb676b40bacf74b033f9542795" Type="F"><Para><Text>Words in s. 188(4) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgneucne3-00108" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgneucne3-00109" CitationRef="cgneucne3-00108" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgneucne3-00110" CitationRef="cgneucne3-00108" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/24/e" SectionRef="regulation-3-24-e" Operative="true">3(24)(e)</CitationSubRef> (with <CitationSubRef id="cgneucne3-00111" CitationRef="cgneucne3-00108" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgneucne3-00112" CitationRef="cgneucne3-00108" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-7edf4b92e2182071d717616334bcdf6c" Type="F"><Para><Text>S. 167(1)(ba) inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgnfcgaw3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgnfcgaw3-00008" CitationRef="cgnfcgaw3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00009" CitationRef="cgnfcgaw3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/14/a/ii" SectionRef="regulation-3-14-a-ii" Operative="true">3(14)(a)(ii)</CitationSubRef> (with <CitationSubRef id="cgnfcgaw3-00010" CitationRef="cgnfcgaw3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00011" CitationRef="cgnfcgaw3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-f9012cef8a054c5a34542dea9571e71e" Type="F"><Para><Text>Words in s. 167(1) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgnfcgaw3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgnfcgaw3-00019" CitationRef="cgnfcgaw3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00020" CitationRef="cgnfcgaw3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/14/a/iii" SectionRef="regulation-3-14-a-iii" Operative="true">3(14)(a)(iii)</CitationSubRef> (with <CitationSubRef id="cgnfcgaw3-00021" CitationRef="cgnfcgaw3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00022" CitationRef="cgnfcgaw3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-898b630501e82e9242db742bc65a96b1" Type="F"><Para><Text>Words in s. 167(1B) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgnfcgaw3-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgnfcgaw3-00030" CitationRef="cgnfcgaw3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00031" CitationRef="cgnfcgaw3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/14/b" SectionRef="regulation-3-14-b" Operative="true">3(14)(b)</CitationSubRef> (with <CitationSubRef id="cgnfcgaw3-00032" CitationRef="cgnfcgaw3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00033" CitationRef="cgnfcgaw3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-80269b70a80d98a7e0fb8428f8189bba" Type="F"><Para><Text>Words in s. 167(1B) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgnfcgaw3-00040" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgnfcgaw3-00041" CitationRef="cgnfcgaw3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00042" CitationRef="cgnfcgaw3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/14/c" SectionRef="regulation-3-14-c" Operative="true">3(14)(c)</CitationSubRef> (with <CitationSubRef id="cgnfcgaw3-00043" CitationRef="cgnfcgaw3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00044" CitationRef="cgnfcgaw3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-51039c761230dd6eaf102baecd25787a" Type="F"><Para><Text>Words in s. 167(2) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgnfcgaw3-00051" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgnfcgaw3-00052" CitationRef="cgnfcgaw3-00051" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00053" CitationRef="cgnfcgaw3-00051" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/14/c" SectionRef="regulation-3-14-c" Operative="true">3(14)(c)</CitationSubRef> (with <CitationSubRef id="cgnfcgaw3-00054" CitationRef="cgnfcgaw3-00051" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00055" CitationRef="cgnfcgaw3-00051" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-f56eb9ca5b04ad67d88c9ab0fee21edf" Type="F"><Para><Text>Words in s. 167(3) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgnfcgaw3-00062" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgnfcgaw3-00063" CitationRef="cgnfcgaw3-00062" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00064" CitationRef="cgnfcgaw3-00062" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/14/c" SectionRef="regulation-3-14-c" Operative="true">3(14)(c)</CitationSubRef> (with <CitationSubRef id="cgnfcgaw3-00065" CitationRef="cgnfcgaw3-00062" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00066" CitationRef="cgnfcgaw3-00062" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-baef90725994d1a862015e16d7e6c9f6" Type="F"><Para><Text>Words in s. 167(4) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgnfcgaw3-00073" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgnfcgaw3-00074" CitationRef="cgnfcgaw3-00073" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00075" CitationRef="cgnfcgaw3-00073" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/14/c" SectionRef="regulation-3-14-c" Operative="true">3(14)(c)</CitationSubRef> (with <CitationSubRef id="cgnfcgaw3-00076" CitationRef="cgnfcgaw3-00073" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00077" CitationRef="cgnfcgaw3-00073" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-f532f4f20c56410441ad4394a9b60aca" Type="F"><Para><Text>Words in s. 167(5) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgnfcgaw3-00084" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgnfcgaw3-00085" CitationRef="cgnfcgaw3-00084" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00086" CitationRef="cgnfcgaw3-00084" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/14/c" SectionRef="regulation-3-14-c" Operative="true">3(14)(c)</CitationSubRef> (with <CitationSubRef id="cgnfcgaw3-00087" CitationRef="cgnfcgaw3-00084" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00088" CitationRef="cgnfcgaw3-00084" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-49123423d26aeda51e1f17932258eccf" Type="F"><Para><Text>S. 167(6) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgnfcgaw3-00096" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgnfcgaw3-00097" CitationRef="cgnfcgaw3-00096" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00098" CitationRef="cgnfcgaw3-00096" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/14/d" SectionRef="regulation-3-14-d" Operative="true">3(14)(d)</CitationSubRef> (with <CitationSubRef id="cgnfcgaw3-00099" CitationRef="cgnfcgaw3-00096" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00100" CitationRef="cgnfcgaw3-00096" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-e40fdbfa4b32bebcac514f857a3e9cda" Type="F"><Para><Text>Word in s. 167(1)(b) omitted (28.11.2017) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgnfcgaw3-00107" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgnfcgaw3-00108" CitationRef="cgnfcgaw3-00107" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00109" CitationRef="cgnfcgaw3-00107" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/14/a/i" SectionRef="regulation-3-14-a-i" Operative="true">3(14)(a)(i)</CitationSubRef> (with <CitationSubRef id="cgnfcgaw3-00110" CitationRef="cgnfcgaw3-00107" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgnfcgaw3-00111" CitationRef="cgnfcgaw3-00107" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-ad13fcbcc8e95c12facb885ecee5c544" Type="F"><Para><Text>S. 155(3ZA) inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgngjthb3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgngjthb3-00008" CitationRef="cgngjthb3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgngjthb3-00009" CitationRef="cgngjthb3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/3/e" SectionRef="regulation-3-3-e" Operative="true">3(3)(e)</CitationSubRef> (with <CitationSubRef id="cgngjthb3-00010" CitationRef="cgngjthb3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgngjthb3-00011" CitationRef="cgngjthb3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-551baeeb6f35a7b86d97f6db7e843521" Type="F"><Para><Text>S. 155(3D) inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgngjthb3-00018" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgngjthb3-00019" CitationRef="cgngjthb3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgngjthb3-00020" CitationRef="cgngjthb3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/3/g" SectionRef="regulation-3-3-g" Operative="true">3(3)(g)</CitationSubRef> (with <CitationSubRef id="cgngjthb3-00021" CitationRef="cgngjthb3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgngjthb3-00022" CitationRef="cgngjthb3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-f287f76e59ded85afa5f603ffd035924" Type="F"><Para><Text>Words in s. 155(2)(b)(c) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgngjthb3-00029" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgngjthb3-00030" CitationRef="cgngjthb3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgngjthb3-00031" CitationRef="cgngjthb3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/3/b/i" SectionRef="regulation-3-3-b-i" Operative="true">3(3)(b)(i)</CitationSubRef> (with <CitationSubRef id="cgngjthb3-00032" CitationRef="cgngjthb3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgngjthb3-00033" CitationRef="cgngjthb3-00029" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-356489f0dad41b6f831e4cc6d448f1cf" Type="F"><Para><Text>Words in s. 155(2)(b)(c) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgngjthb3-00040" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgngjthb3-00041" CitationRef="cgngjthb3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgngjthb3-00042" CitationRef="cgngjthb3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/3/b/ii" SectionRef="regulation-3-3-b-ii" Operative="true">3(3)(b)(ii)</CitationSubRef> (with <CitationSubRef id="cgngjthb3-00043" CitationRef="cgngjthb3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgngjthb3-00044" CitationRef="cgngjthb3-00040" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-6a82934b2727e4e33cbb2027359c09b4" Type="F"><Para><Text>Word in s. 155(1)(d) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgngjthb3-00051" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgngjthb3-00052" CitationRef="cgngjthb3-00051" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgngjthb3-00053" CitationRef="cgngjthb3-00051" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/3/a" SectionRef="regulation-3-3-a" Operative="true">3(3)(a)</CitationSubRef> (with <CitationSubRef id="cgngjthb3-00054" CitationRef="cgngjthb3-00051" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgngjthb3-00055" CitationRef="cgngjthb3-00051" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-6d9f52627a2928fc4a1f6587165b8e88" Type="F"><Para><Text>Words in s. 155(2B)(d) inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgngjthb3-00062" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgngjthb3-00063" CitationRef="cgngjthb3-00062" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgngjthb3-00064" CitationRef="cgngjthb3-00062" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/3/c/i" SectionRef="regulation-3-3-c-i" Operative="true">3(3)(c)(i)</CitationSubRef> (with <CitationSubRef id="cgngjthb3-00065" CitationRef="cgngjthb3-00062" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgngjthb3-00066" CitationRef="cgngjthb3-00062" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-d3b43bb71adc8e14b3ec342a5abb6804" Type="F"><Para><Text>Words in s. 155(2B)(d) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgngjthb3-00073" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgngjthb3-00074" CitationRef="cgngjthb3-00073" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgngjthb3-00075" CitationRef="cgngjthb3-00073" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/3/c/ii" SectionRef="regulation-3-3-c-ii" Operative="true">3(3)(c)(ii)</CitationSubRef> (with <CitationSubRef id="cgngjthb3-00076" CitationRef="cgngjthb3-00073" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgngjthb3-00077" CitationRef="cgngjthb3-00073" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-7ed2e56468a6aff177438175f292702f" Type="F"><Para><Text>Words in s. 155(3)(a) inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgngjthb3-00084" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgngjthb3-00085" CitationRef="cgngjthb3-00084" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgngjthb3-00086" CitationRef="cgngjthb3-00084" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/3/d/i" SectionRef="regulation-3-3-d-i" Operative="true">3(3)(d)(i)</CitationSubRef> (with <CitationSubRef id="cgngjthb3-00087" CitationRef="cgngjthb3-00084" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgngjthb3-00088" CitationRef="cgngjthb3-00084" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-8466714f07dadd7f2030ee3caf9a4cea" Type="F"><Para><Text>Words in s. 155(3)(a) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgngjthb3-00095" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgngjthb3-00096" CitationRef="cgngjthb3-00095" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgngjthb3-00097" CitationRef="cgngjthb3-00095" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/3/d/ii" SectionRef="regulation-3-3-d-ii" Operative="true">3(3)(d)(ii)</CitationSubRef> (with <CitationSubRef id="cgngjthb3-00098" CitationRef="cgngjthb3-00095" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgngjthb3-00099" CitationRef="cgngjthb3-00095" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-5c59fcd264742e2c29e93c18b7475817" Type="F"><Para><Text>Words in s. 155(3)(b) inserted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgngjthb3-00106" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgngjthb3-00107" CitationRef="cgngjthb3-00106" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgngjthb3-00108" CitationRef="cgngjthb3-00106" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/3/d/i" SectionRef="regulation-3-3-d-i" Operative="true">3(3)(d)(i)</CitationSubRef> (with <CitationSubRef id="cgngjthb3-00109" CitationRef="cgngjthb3-00106" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgngjthb3-00110" CitationRef="cgngjthb3-00106" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-1ec266daa0013806e1b1f4ec1e351b00" Type="F"><Para><Text>Words in s. 155(3)(b) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgngjthb3-00117" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgngjthb3-00118" CitationRef="cgngjthb3-00117" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgngjthb3-00119" CitationRef="cgngjthb3-00117" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/3/d/ii" SectionRef="regulation-3-3-d-ii" Operative="true">3(3)(d)(ii)</CitationSubRef> (with <CitationSubRef id="cgngjthb3-00120" CitationRef="cgngjthb3-00117" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgngjthb3-00121" CitationRef="cgngjthb3-00117" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-7e9cac96ccd813c9a8a29fbbc185aaf4" Type="F"><Para><Text>Words in s. 155(3A)(b) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgngjthb3-00128" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgngjthb3-00129" CitationRef="cgngjthb3-00128" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgngjthb3-00130" CitationRef="cgngjthb3-00128" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/3/f/i" SectionRef="regulation-3-3-f-i" Operative="true">3(3)(f)(i)</CitationSubRef> (with <CitationSubRef id="cgngjthb3-00131" CitationRef="cgngjthb3-00128" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgngjthb3-00132" CitationRef="cgngjthb3-00128" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-9c135b8cc85bad1c1687dcd6a2475d03" Type="F"><Para><Text>Words in s. 155(3A)(c) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgngjthb3-00139" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgngjthb3-00140" CitationRef="cgngjthb3-00139" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgngjthb3-00141" CitationRef="cgngjthb3-00139" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/3/f/ii" SectionRef="regulation-3-3-f-ii" Operative="true">3(3)(f)(ii)</CitationSubRef> (with <CitationSubRef id="cgngjthb3-00142" CitationRef="cgngjthb3-00139" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgngjthb3-00143" CitationRef="cgngjthb3-00139" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-79fa7ef94a2cfa434fc8dcec3e151225" Type="F"><Para><Text>Words in s. 155(4) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgngjthb3-00150" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgngjthb3-00151" CitationRef="cgngjthb3-00150" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgngjthb3-00152" CitationRef="cgngjthb3-00150" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/3/h" SectionRef="regulation-3-3-h" Operative="true">3(3)(h)</CitationSubRef> (with <CitationSubRef id="cgngjthb3-00153" CitationRef="cgngjthb3-00150" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgngjthb3-00154" CitationRef="cgngjthb3-00150" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-b9e30b3b4106eb668a9cd34aa4e005cc" Type="F"><Para><Text>Words in s. 155(5) substituted (28.11.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1064" id="cgngjthb3-00161" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1064" Title="The Central Securities Depositories Regulations 2017">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</Citation>, <CitationSubRef id="cgngjthb3-00162" CitationRef="cgngjthb3-00161" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cgngjthb3-00163" CitationRef="cgngjthb3-00161" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/3/3/i" SectionRef="regulation-3-3-i" Operative="true">3(3)(i)</CitationSubRef> (with <CitationSubRef id="cgngjthb3-00164" CitationRef="cgngjthb3-00161" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4" SectionRef="regulation-7-4">regs. 7(4)</CitationSubRef>, <CitationSubRef id="cgngjthb3-00165" CitationRef="cgngjthb3-00161" URI="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1" SectionRef="regulation-9-1">9(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-e0c355c20c47cee4332520c3c298148c" Type="F"><Para><Text><CitationSubRef id="cgnj1jty3-00007" SectionRef="section-155A-4-aa" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/155A/4/aa">S. 155A(4)(aa)</CitationSubRef> substituted (3.1.2018) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1247" id="cgnj1jty3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1247" Title="The Companies Act 1989 (Financial Markets and Insolvency) (Amendment) Regulations 2017">The Companies Act 1989 (Financial Markets and Insolvency) (Amendment) Regulations 2017 (S.I. 2017/1247)</Citation>, <CitationSubRef id="cgnj1jty3-00009" CitationRef="cgnj1jty3-00008" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1247/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgnj1jty3-00010" CitationRef="cgnj1jty3-00008" SectionRef="regulation-2-2" URI="http://www.legislation.gov.uk/id/uksi/2017/1247/regulation/2/2" Operative="true">2(2)</CitationSubRef></Text></Para></Commentary><Commentary id="key-ab94561b1b162ec9574fefe15298bf35" Type="F"><Para><Text>Words in <CitationSubRef id="cgnj8ezc3-00006" SectionRef="section-182A-1-a" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182A/1/a">s. 182A(1)(a)</CitationSubRef> substituted (3.1.2018) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1247" id="cgnj8ezc3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1247" Title="The Companies Act 1989 (Financial Markets and Insolvency) (Amendment) Regulations 2017">The Companies Act 1989 (Financial Markets and Insolvency) (Amendment) Regulations 2017 (S.I. 2017/1247)</Citation>, <CitationSubRef id="cgnj8ezc3-00008" CitationRef="cgnj8ezc3-00007" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1247/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgnj8ezc3-00009" CitationRef="cgnj8ezc3-00007" SectionRef="regulation-2-3-a" URI="http://www.legislation.gov.uk/id/uksi/2017/1247/regulation/2/3/a" Operative="true">2(3)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-b746d784514a2ea39f10db3544ae2e4e" Type="F"><Para><Text>Words in <CitationSubRef id="cgnj8ezc3-00015" SectionRef="section-182A-2-a" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/182A/2/a">s. 182A(2)(a)</CitationSubRef> substituted (3.1.2018) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1247" id="cgnj8ezc3-00016" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1247" Title="The Companies Act 1989 (Financial Markets and Insolvency) (Amendment) Regulations 2017">The Companies Act 1989 (Financial Markets and Insolvency) (Amendment) Regulations 2017 (S.I. 2017/1247)</Citation>, <CitationSubRef id="cgnj8ezc3-00017" CitationRef="cgnj8ezc3-00016" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1247/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgnj8ezc3-00018" CitationRef="cgnj8ezc3-00016" SectionRef="regulation-2-3-b" URI="http://www.legislation.gov.uk/id/uksi/2017/1247/regulation/2/3/b" Operative="true">2(3)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-f954d8d07239d6a0d3bbd77c8d587ee1" Type="F"><Para><Text>Words in <CitationSubRef id="cgnjd2o53-00006" SectionRef="section-188-1A-b" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/188/1A/b">s. 188(1A)(b)</CitationSubRef> substituted (3.1.2018) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1247" id="cgnjd2o53-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1247" Title="The Companies Act 1989 (Financial Markets and Insolvency) (Amendment) Regulations 2017">The Companies Act 1989 (Financial Markets and Insolvency) (Amendment) Regulations 2017 (S.I. 2017/1247)</Citation>, <CitationSubRef id="cgnjd2o53-00008" CitationRef="cgnjd2o53-00007" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1247/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef id="cgnjd2o53-00009" CitationRef="cgnjd2o53-00007" SectionRef="regulation-2-4" URI="http://www.legislation.gov.uk/id/uksi/2017/1247/regulation/2/4" Operative="true">2(4)</CitationSubRef></Text></Para></Commentary><Commentary id="key-8e9016a1c2916caf040567fb6d92f17e" Type="F"><Para><Text>Words in s. 190(1) added (3.1.2018) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1247" id="cgnjhvzo3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1247" Title="The Companies Act 1989 (Financial Markets and Insolvency) (Amendment) Regulations 2017">The Companies Act 1989 (Financial Markets and Insolvency) (Amendment) Regulations 2017 (S.I. 2017/1247)</Citation>, <CitationSubRef CitationRef="cgnjhvzo3-00007" id="cgnjhvzo3-00008" URI="http://www.legislation.gov.uk/id/uksi/2017/1247/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgnjhvzo3-00007" id="cgnjhvzo3-00009" URI="http://www.legislation.gov.uk/id/uksi/2017/1247/regulation/2/5/a" SectionRef="regulation-2-5-a" Operative="true">2(5)(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-0a69c85aa42e8d4ec00dd0b051ea9b5f" Type="F"><Para><Text>Words in s. 190(1) inserted (3.1.2018) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1247" id="cgnjhvzo3-00016" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1247" Title="The Companies Act 1989 (Financial Markets and Insolvency) (Amendment) Regulations 2017">The Companies Act 1989 (Financial Markets and Insolvency) (Amendment) Regulations 2017 (S.I. 2017/1247)</Citation>, <CitationSubRef CitationRef="cgnjhvzo3-00016" id="cgnjhvzo3-00017" URI="http://www.legislation.gov.uk/id/uksi/2017/1247/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgnjhvzo3-00016" id="cgnjhvzo3-00018" URI="http://www.legislation.gov.uk/id/uksi/2017/1247/regulation/2/5/b" SectionRef="regulation-2-5-b" Operative="true">2(5)(b)</CitationSubRef></Text></Para></Commentary><Commentary id="key-80f446479e0ef1b0d41864d359f9aef2" Type="F"><Para><Text>Words in s. 191 inserted (3.1.2018) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/1247" id="cgnjrhri3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="1247" Title="The Companies Act 1989 (Financial Markets and Insolvency) (Amendment) Regulations 2017">The Companies Act 1989 (Financial Markets and Insolvency) (Amendment) Regulations 2017 (S.I. 2017/1247)</Citation>, <CitationSubRef CitationRef="cgnjrhri3-00007" id="cgnjrhri3-00008" URI="http://www.legislation.gov.uk/id/uksi/2017/1247/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="cgnjrhri3-00007" id="cgnjrhri3-00009" URI="http://www.legislation.gov.uk/id/uksi/2017/1247/regulation/2/6" SectionRef="regulation-2-6" Operative="true">2(6)</CitationSubRef></Text></Para></Commentary><Commentary id="M_F_a91af4cb-c6c5-44df-8955-f3c6b70144aa" Type="F"><Para><Text>S. 176(8)(bb) inserted (1.4.2017 for specified purposes, 3.1.2018 in so far as not already in force) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/488" id="ci8kvutq3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="488" Title="The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017">The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (S.I. 2017/488)</Citation>, <CitationSubRef id="cc185641862990" CitationRef="ci8kvutq3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/488/article/1/2" SectionRef="article-1-2">art. 1(2)</CitationSubRef>, <CitationSubRef id="cc128134642260" CitationRef="ci8kvutq3-00007" URI="http://www.legislation.gov.uk/id/uksi/2017/488/schedule/paragraph/2" SectionRef="schedule-paragraph-2" Operative="true">Sch. para. 2</CitationSubRef></Text></Para></Commentary><Commentary id="key-5fd2b750d35ea4041260549e27d109d0" Type="F"><Para><Text>Word in s. 170A heading substituted (31.12.2020) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqjqlv24-00007" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqjqlv24-00007" id="caqjqlv24-00008" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3" SectionRef="regulation-1-3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqjqlv24-00007" id="caqjqlv24-00009" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/2/a" SectionRef="regulation-2-2-a" Operative="true">2(2)(a)</CitationSubRef> (with <CitationSubRef CitationRef="caqjqlv24-00007" id="caqjqlv24-00010" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21" SectionRef="regulation-21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqjqlv24-00011" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqjqlv24-00011" id="caqjqlv24-00012" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqjqlv24-00011" id="caqjqlv24-00013" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3" SectionRef="regulation-3">3</CitationSubRef>, <CitationSubRef CitationRef="caqjqlv24-00011" id="caqjqlv24-00014" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b" SectionRef="schedule-paragraph-23-b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqjqlv24-00015" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqjqlv24-00015" id="caqjqlv24-00016" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11" SectionRef="regulation-11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqjqlv24-00017" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqjqlv24-00017" id="caqjqlv24-00018" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1" SectionRef="schedule-5-paragraph-1-1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-94df648b6049719868967e04666b4f02" Type="F"><Para><Text>Word in s. 170B heading substituted (31.12.2020) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqjqlv24-00025" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqjqlv24-00025" id="caqjqlv24-00026" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3" SectionRef="regulation-1-3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqjqlv24-00025" id="caqjqlv24-00027" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/3/a" SectionRef="regulation-2-3-a" Operative="true">2(3)(a)</CitationSubRef> (with <CitationSubRef CitationRef="caqjqlv24-00025" id="caqjqlv24-00028" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21" SectionRef="regulation-21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqjqlv24-00029" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqjqlv24-00029" id="caqjqlv24-00030" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqjqlv24-00029" id="caqjqlv24-00031" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3" SectionRef="regulation-3">3</CitationSubRef>, <CitationSubRef CitationRef="caqjqlv24-00029" id="caqjqlv24-00032" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b" SectionRef="schedule-paragraph-23-b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqjqlv24-00033" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqjqlv24-00033" id="caqjqlv24-00034" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11" SectionRef="regulation-11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqjqlv24-00035" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqjqlv24-00035" id="caqjqlv24-00036" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1" SectionRef="schedule-5-paragraph-1-1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-d7b03102a979725d8f41af029f65e197" Type="F"><Para><Text>Word in s. 170C heading substituted (31.12.2020) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqjqlv24-00043" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqjqlv24-00043" id="caqjqlv24-00044" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3" SectionRef="regulation-1-3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqjqlv24-00043" id="caqjqlv24-00045" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/4/a" SectionRef="regulation-2-4-a" Operative="true">2(4)(a)</CitationSubRef> (with <CitationSubRef CitationRef="caqjqlv24-00043" id="caqjqlv24-00046" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21" SectionRef="regulation-21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqjqlv24-00047" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqjqlv24-00047" id="caqjqlv24-00048" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqjqlv24-00047" id="caqjqlv24-00049" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3" SectionRef="regulation-3">3</CitationSubRef>, <CitationSubRef CitationRef="caqjqlv24-00047" id="caqjqlv24-00050" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b" SectionRef="schedule-paragraph-23-b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqjqlv24-00051" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqjqlv24-00051" id="caqjqlv24-00052" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11" SectionRef="regulation-11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqjqlv24-00053" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqjqlv24-00053" id="caqjqlv24-00054" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1" SectionRef="schedule-5-paragraph-1-1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-ad61dd28e3675dfa7364bc71e2a07ad5" Type="F"><Para><Text><CitationSubRef id="caqk0c0g4-00022" SectionRef="section-170A-1-b" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1/b">S. 170A(1)(b)</CitationSubRef> omitted (31.12.2020) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqk0c0g4-00023" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00023" id="caqk0c0g4-00024" SectionRef="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00023" id="caqk0c0g4-00025" SectionRef="regulation-2-2-b-i" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/2/b/i" Operative="true">2(2)(b)(i)</CitationSubRef> (with <CitationSubRef CitationRef="caqk0c0g4-00023" id="caqk0c0g4-00026" SectionRef="regulation-21" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqk0c0g4-00027" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00027" id="caqk0c0g4-00028" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00027" id="caqk0c0g4-00029" SectionRef="regulation-3" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3">3</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00027" id="caqk0c0g4-00030" SectionRef="schedule-paragraph-23-b" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqk0c0g4-00031" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00031" id="caqk0c0g4-00032" SectionRef="regulation-11" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqk0c0g4-00033" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00033" id="caqk0c0g4-00034" SectionRef="schedule-5-paragraph-1-1" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-e55d4c16772fac9b7c6d7e4d0bf19c75" Type="F"><Para><Text><CitationSubRef id="caqk0c0g4-00038" SectionRef="section-170A-1-c" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1/c">S. 170A(1)(c)</CitationSubRef> omitted (31.12.2020) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqk0c0g4-00039" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00039" id="caqk0c0g4-00040" SectionRef="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00039" id="caqk0c0g4-00041" SectionRef="regulation-2-2-b-i" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/2/b/i" Operative="true">2(2)(b)(i)</CitationSubRef> (with <CitationSubRef CitationRef="caqk0c0g4-00039" id="caqk0c0g4-00042" SectionRef="regulation-21" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqk0c0g4-00043" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00043" id="caqk0c0g4-00044" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00043" id="caqk0c0g4-00045" SectionRef="regulation-3" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3">3</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00043" id="caqk0c0g4-00046" SectionRef="schedule-paragraph-23-b" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqk0c0g4-00047" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00047" id="caqk0c0g4-00048" SectionRef="regulation-11" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqk0c0g4-00049" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00049" id="caqk0c0g4-00050" SectionRef="schedule-5-paragraph-1-1" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-875c0fbdfb35fb35daf6d8d65d6dba3f" Type="F"><Para><Text>Word in <CitationSubRef id="caqk0c0g4-00056" SectionRef="section-170A-1-e" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/1/e">s. 170A(1)(e)</CitationSubRef> substituted (31.12.2020) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqk0c0g4-00057" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00057" id="caqk0c0g4-00058" SectionRef="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00057" id="caqk0c0g4-00059" SectionRef="regulation-2-2-b-ii" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/2/b/ii" Operative="true">2(2)(b)(ii)</CitationSubRef> (with <CitationSubRef CitationRef="caqk0c0g4-00057" id="caqk0c0g4-00060" SectionRef="regulation-21" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqk0c0g4-00061" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00061" id="caqk0c0g4-00062" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00061" id="caqk0c0g4-00063" SectionRef="regulation-3" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3">3</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00061" id="caqk0c0g4-00064" SectionRef="schedule-paragraph-23-b" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqk0c0g4-00065" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00065" id="caqk0c0g4-00066" SectionRef="regulation-11" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqk0c0g4-00067" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00067" id="caqk0c0g4-00068" SectionRef="schedule-5-paragraph-1-1" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-5473e2955470d201feaee65c1de30b0f" Type="F"><Para><Text>Words in <CitationSubRef id="caqk0c0g4-00006" SectionRef="section-170A-2" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/2">s. 170A(2)</CitationSubRef> omitted (31.12.2020) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqk0c0g4-00007" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00007" id="caqk0c0g4-00008" SectionRef="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00007" id="caqk0c0g4-00009" SectionRef="regulation-2-2-c" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/2/c" Operative="true">2(2)(c)</CitationSubRef> (with <CitationSubRef CitationRef="caqk0c0g4-00007" id="caqk0c0g4-00010" SectionRef="regulation-21" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqk0c0g4-00011" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00011" id="caqk0c0g4-00012" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00011" id="caqk0c0g4-00013" SectionRef="regulation-3" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3">3</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00011" id="caqk0c0g4-00014" SectionRef="schedule-paragraph-23-b" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqk0c0g4-00015" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00015" id="caqk0c0g4-00016" SectionRef="regulation-11" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqk0c0g4-00017" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00017" id="caqk0c0g4-00018" SectionRef="schedule-5-paragraph-1-1" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-012609e507b75712b41b148046fc8961" Type="F"><Para><Text>Word in <CitationSubRef id="caqk0c0g4-00074" SectionRef="section-170A-3" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/3">s. 170A(3)</CitationSubRef> substituted (31.12.2020) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqk0c0g4-00075" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00075" id="caqk0c0g4-00076" SectionRef="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00075" id="caqk0c0g4-00077" SectionRef="regulation-2-2-d-i" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/2/d/i" Operative="true">2(2)(d)(i)</CitationSubRef> (with <CitationSubRef CitationRef="caqk0c0g4-00075" id="caqk0c0g4-00078" SectionRef="regulation-21" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqk0c0g4-00079" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00079" id="caqk0c0g4-00080" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00079" id="caqk0c0g4-00081" SectionRef="regulation-3" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3">3</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00079" id="caqk0c0g4-00082" SectionRef="schedule-paragraph-23-b" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqk0c0g4-00083" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00083" id="caqk0c0g4-00084" SectionRef="regulation-11" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqk0c0g4-00085" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00085" id="caqk0c0g4-00086" SectionRef="schedule-5-paragraph-1-1" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-1e1eef9be90cf8aad8e6f1768830de2e" Type="F"><Para><Text>Word in <CitationSubRef id="caqk0c0g4-00092" SectionRef="section-170A-3" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/3">s. 170A(3)</CitationSubRef> substituted (31.12.2020) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqk0c0g4-00093" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00093" id="caqk0c0g4-00094" SectionRef="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00093" id="caqk0c0g4-00095" SectionRef="regulation-2-2-d-ii" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/2/d/ii" Operative="true">2(2)(d)(ii)</CitationSubRef> (with <CitationSubRef CitationRef="caqk0c0g4-00093" id="caqk0c0g4-00096" SectionRef="regulation-21" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqk0c0g4-00097" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00097" id="caqk0c0g4-00098" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00097" id="caqk0c0g4-00099" SectionRef="regulation-3" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3">3</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00097" id="caqk0c0g4-00100" SectionRef="schedule-paragraph-23-b" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqk0c0g4-00101" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00101" id="caqk0c0g4-00102" SectionRef="regulation-11" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqk0c0g4-00103" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00103" id="caqk0c0g4-00104" SectionRef="schedule-5-paragraph-1-1" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-66c85fe8cccf89707f20ecf08c03e147" Type="F"><Para><Text>Words in <CitationSubRef id="caqk0c0g4-00110" SectionRef="section-170A-4" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/4">s. 170A(4)</CitationSubRef> omitted (31.12.2020) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqk0c0g4-00111" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00111" id="caqk0c0g4-00112" SectionRef="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00111" id="caqk0c0g4-00113" SectionRef="regulation-2-2-e" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/2/e" Operative="true">2(2)(e)</CitationSubRef> (with <CitationSubRef CitationRef="caqk0c0g4-00111" id="caqk0c0g4-00114" SectionRef="regulation-21" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqk0c0g4-00115" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00115" id="caqk0c0g4-00116" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00115" id="caqk0c0g4-00117" SectionRef="regulation-3" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3">3</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00115" id="caqk0c0g4-00118" SectionRef="schedule-paragraph-23-b" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqk0c0g4-00119" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00119" id="caqk0c0g4-00120" SectionRef="regulation-11" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqk0c0g4-00121" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00121" id="caqk0c0g4-00122" SectionRef="schedule-5-paragraph-1-1" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-fc78c4b6ac2d07ffa99004e43110bb50" Type="F"><Para><Text>Word in <CitationSubRef id="caqk0c0g4-00128" SectionRef="section-170A-5" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/170A/5">s. 170A(5)</CitationSubRef> substituted (31.12.2020) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqk0c0g4-00129" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00129" id="caqk0c0g4-00130" SectionRef="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00129" id="caqk0c0g4-00131" SectionRef="regulation-2-2-f" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/2/f" Operative="true">2(2)(f)</CitationSubRef> (with <CitationSubRef CitationRef="caqk0c0g4-00129" id="caqk0c0g4-00132" SectionRef="regulation-21" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqk0c0g4-00133" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00133" id="caqk0c0g4-00134" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00133" id="caqk0c0g4-00135" SectionRef="regulation-3" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3">3</CitationSubRef>, <CitationSubRef CitationRef="caqk0c0g4-00133" id="caqk0c0g4-00136" SectionRef="schedule-paragraph-23-b" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqk0c0g4-00137" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00137" id="caqk0c0g4-00138" SectionRef="regulation-11" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqk0c0g4-00139" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqk0c0g4-00139" id="caqk0c0g4-00140" SectionRef="schedule-5-paragraph-1-1" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-31e9377c3f686c01a8a4bd3ee0fa36f0" Type="F"><Para><Text>Word in s. 170B(1) substituted (31.12.2020) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqkm98o4-00007" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqkm98o4-00007" id="caqkm98o4-00008" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3" SectionRef="regulation-1-3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqkm98o4-00007" id="caqkm98o4-00009" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/3/b" SectionRef="regulation-2-3-b" Operative="true">2(3)(b)</CitationSubRef> (with <CitationSubRef CitationRef="caqkm98o4-00007" id="caqkm98o4-00010" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21" SectionRef="regulation-21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqkm98o4-00011" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqkm98o4-00011" id="caqkm98o4-00012" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqkm98o4-00011" id="caqkm98o4-00013" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3" SectionRef="regulation-3">3</CitationSubRef>, <CitationSubRef CitationRef="caqkm98o4-00011" id="caqkm98o4-00014" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b" SectionRef="schedule-paragraph-23-b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqkm98o4-00015" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqkm98o4-00015" id="caqkm98o4-00016" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11" SectionRef="regulation-11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqkm98o4-00017" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqkm98o4-00017" id="caqkm98o4-00018" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1" SectionRef="schedule-5-paragraph-1-1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-31867189881706fbc187489d4dc77502" Type="F"><Para><Text>Words in s. 170B(5) omitted (31.12.2020) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqkm98o4-00025" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqkm98o4-00025" id="caqkm98o4-00026" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3" SectionRef="regulation-1-3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqkm98o4-00025" id="caqkm98o4-00027" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/3/c" SectionRef="regulation-2-3-c" Operative="true">2(3)(c)</CitationSubRef> (with <CitationSubRef CitationRef="caqkm98o4-00025" id="caqkm98o4-00028" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21" SectionRef="regulation-21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqkm98o4-00029" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqkm98o4-00029" id="caqkm98o4-00030" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqkm98o4-00029" id="caqkm98o4-00031" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3" SectionRef="regulation-3">3</CitationSubRef>, <CitationSubRef CitationRef="caqkm98o4-00029" id="caqkm98o4-00032" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b" SectionRef="schedule-paragraph-23-b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqkm98o4-00033" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqkm98o4-00033" id="caqkm98o4-00034" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11" SectionRef="regulation-11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqkm98o4-00035" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqkm98o4-00035" id="caqkm98o4-00036" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1" SectionRef="schedule-5-paragraph-1-1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-9cbc5ea0e7de3d92272074d4b3397a51" Type="F"><Para><Text>Words in s. 170B(9) omitted (31.12.2020) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqkm98o4-00043" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqkm98o4-00043" id="caqkm98o4-00044" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3" SectionRef="regulation-1-3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqkm98o4-00043" id="caqkm98o4-00045" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/3/c" SectionRef="regulation-2-3-c" Operative="true">2(3)(c)</CitationSubRef> (with <CitationSubRef CitationRef="caqkm98o4-00043" id="caqkm98o4-00046" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21" SectionRef="regulation-21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqkm98o4-00047" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqkm98o4-00047" id="caqkm98o4-00048" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqkm98o4-00047" id="caqkm98o4-00049" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3" SectionRef="regulation-3">3</CitationSubRef>, <CitationSubRef CitationRef="caqkm98o4-00047" id="caqkm98o4-00050" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b" SectionRef="schedule-paragraph-23-b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqkm98o4-00051" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqkm98o4-00051" id="caqkm98o4-00052" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11" SectionRef="regulation-11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqkm98o4-00053" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqkm98o4-00053" id="caqkm98o4-00054" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1" SectionRef="schedule-5-paragraph-1-1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-97ea8b9887e9998b895962d229f3028b" Type="F"><Para><Text>Words in s. 170B(10) omitted (31.12.2020) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqkm98o4-00061" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqkm98o4-00061" id="caqkm98o4-00062" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3" SectionRef="regulation-1-3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqkm98o4-00061" id="caqkm98o4-00063" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/3/c" SectionRef="regulation-2-3-c" Operative="true">2(3)(c)</CitationSubRef> (with <CitationSubRef CitationRef="caqkm98o4-00061" id="caqkm98o4-00064" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21" SectionRef="regulation-21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqkm98o4-00065" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqkm98o4-00065" id="caqkm98o4-00066" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqkm98o4-00065" id="caqkm98o4-00067" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3" SectionRef="regulation-3">3</CitationSubRef>, <CitationSubRef CitationRef="caqkm98o4-00065" id="caqkm98o4-00068" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b" SectionRef="schedule-paragraph-23-b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqkm98o4-00069" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqkm98o4-00069" id="caqkm98o4-00070" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11" SectionRef="regulation-11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqkm98o4-00071" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqkm98o4-00071" id="caqkm98o4-00072" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1" SectionRef="schedule-5-paragraph-1-1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-73f4aa6f346869bb7b99deb06107b54d" Type="F"><Para><Text>Words in s. 170B(11) omitted (31.12.2020) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqkm98o4-00079" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqkm98o4-00079" id="caqkm98o4-00080" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3" SectionRef="regulation-1-3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqkm98o4-00079" id="caqkm98o4-00081" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/3/d" SectionRef="regulation-2-3-d" Operative="true">2(3)(d)</CitationSubRef> (with <CitationSubRef CitationRef="caqkm98o4-00079" id="caqkm98o4-00082" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21" SectionRef="regulation-21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqkm98o4-00083" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqkm98o4-00083" id="caqkm98o4-00084" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqkm98o4-00083" id="caqkm98o4-00085" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3" SectionRef="regulation-3">3</CitationSubRef>, <CitationSubRef CitationRef="caqkm98o4-00083" id="caqkm98o4-00086" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b" SectionRef="schedule-paragraph-23-b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqkm98o4-00087" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqkm98o4-00087" id="caqkm98o4-00088" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11" SectionRef="regulation-11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqkm98o4-00089" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqkm98o4-00089" id="caqkm98o4-00090" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1" SectionRef="schedule-5-paragraph-1-1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-8edb6991e33d290d4cac8c1b4e809cb1" Type="F"><Para><Text>Words in s. 170C omitted (31.12.2020) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqldj5m4-00007" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqldj5m4-00007" id="caqldj5m4-00008" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3" SectionRef="regulation-1-3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqldj5m4-00007" id="caqldj5m4-00009" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/4/b" SectionRef="regulation-2-4-b" Operative="true">2(4)(b)</CitationSubRef> (with <CitationSubRef CitationRef="caqldj5m4-00007" id="caqldj5m4-00010" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21" SectionRef="regulation-21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqldj5m4-00011" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqldj5m4-00011" id="caqldj5m4-00012" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqldj5m4-00011" id="caqldj5m4-00013" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3" SectionRef="regulation-3">3</CitationSubRef>, <CitationSubRef CitationRef="caqldj5m4-00011" id="caqldj5m4-00014" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b" SectionRef="schedule-paragraph-23-b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqldj5m4-00015" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqldj5m4-00015" id="caqldj5m4-00016" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11" SectionRef="regulation-11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqldj5m4-00017" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqldj5m4-00017" id="caqldj5m4-00018" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1" SectionRef="schedule-5-paragraph-1-1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-563db457c75a2411201994ccbeebe44a" Type="F"><Para><Text>Words in <CitationSubRef id="caqloosw4-00006" SectionRef="section-176-2-aa" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/176/2/aa">s. 176(2)(aa)</CitationSubRef> omitted (31.12.2020) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqloosw4-00007" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqloosw4-00007" id="caqloosw4-00008" SectionRef="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqloosw4-00007" id="caqloosw4-00009" SectionRef="regulation-2-5" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/5" Operative="true">2(5)</CitationSubRef> (with <CitationSubRef CitationRef="caqloosw4-00007" id="caqloosw4-00010" SectionRef="regulation-21" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqloosw4-00011" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqloosw4-00011" id="caqloosw4-00012" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqloosw4-00011" id="caqloosw4-00013" SectionRef="regulation-3" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3">3</CitationSubRef>, <CitationSubRef CitationRef="caqloosw4-00011" id="caqloosw4-00014" SectionRef="schedule-paragraph-23-b" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqloosw4-00015" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqloosw4-00015" id="caqloosw4-00016" SectionRef="regulation-11" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqloosw4-00017" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqloosw4-00017" id="caqloosw4-00018" SectionRef="schedule-5-paragraph-1-1" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-51cc6725e2733bf8fdc6f5871ccff59d" Type="F"><Para><Text>Words in <CitationSubRef id="caqmf2me4-00006" SectionRef="section-183-3" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/183/3">s. 183(3)</CitationSubRef> omitted (31.12.2020) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqmf2me4-00007" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqmf2me4-00007" id="caqmf2me4-00008" SectionRef="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqmf2me4-00007" id="caqmf2me4-00009" SectionRef="regulation-2-6" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/6" Operative="true">2(6)</CitationSubRef> (with <CitationSubRef CitationRef="caqmf2me4-00007" id="caqmf2me4-00010" SectionRef="regulation-21" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqmf2me4-00011" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqmf2me4-00011" id="caqmf2me4-00012" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqmf2me4-00011" id="caqmf2me4-00013" SectionRef="regulation-3" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3">3</CitationSubRef>, <CitationSubRef CitationRef="caqmf2me4-00011" id="caqmf2me4-00014" SectionRef="schedule-paragraph-23-b" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqmf2me4-00015" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqmf2me4-00015" id="caqmf2me4-00016" SectionRef="regulation-11" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqmf2me4-00017" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqmf2me4-00017" id="caqmf2me4-00018" SectionRef="schedule-5-paragraph-1-1" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-c44c3be7a06c120189f4b645d6222d62" Type="F"><Para><Text>Words in s. 190(1) omitted (31.12.2020) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqmqafg4-00007" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqmqafg4-00007" id="caqmqafg4-00008" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3" SectionRef="regulation-1-3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqmqafg4-00007" id="caqmqafg4-00009" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/7/a" SectionRef="regulation-2-7-a" Operative="true">2(7)(a)</CitationSubRef> (with <CitationSubRef CitationRef="caqmqafg4-00007" id="caqmqafg4-00010" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21" SectionRef="regulation-21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqmqafg4-00011" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqmqafg4-00011" id="caqmqafg4-00012" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqmqafg4-00011" id="caqmqafg4-00013" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3" SectionRef="regulation-3">3</CitationSubRef>, <CitationSubRef CitationRef="caqmqafg4-00011" id="caqmqafg4-00014" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b" SectionRef="schedule-paragraph-23-b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqmqafg4-00015" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqmqafg4-00015" id="caqmqafg4-00016" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11" SectionRef="regulation-11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqmqafg4-00017" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqmqafg4-00017" id="caqmqafg4-00018" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1" SectionRef="schedule-5-paragraph-1-1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-329c4198012d4c00a1418a394ecee31d" Type="F"><Para><Text>Words in s. 190(1) inserted (31.12.2020) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqmqafg4-00025" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqmqafg4-00025" id="caqmqafg4-00026" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3" SectionRef="regulation-1-3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqmqafg4-00025" id="caqmqafg4-00027" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/7/b" SectionRef="regulation-2-7-b" Operative="true">2(7)(b)</CitationSubRef> (with <CitationSubRef CitationRef="caqmqafg4-00025" id="caqmqafg4-00028" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21" SectionRef="regulation-21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqmqafg4-00029" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqmqafg4-00029" id="caqmqafg4-00030" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqmqafg4-00029" id="caqmqafg4-00031" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3" SectionRef="regulation-3">3</CitationSubRef>, <CitationSubRef CitationRef="caqmqafg4-00029" id="caqmqafg4-00032" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b" SectionRef="schedule-paragraph-23-b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqmqafg4-00033" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqmqafg4-00033" id="caqmqafg4-00034" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11" SectionRef="regulation-11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqmqafg4-00035" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqmqafg4-00035" id="caqmqafg4-00036" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1" SectionRef="schedule-5-paragraph-1-1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-41c0019f3a4f7351e3a6a1a0d0e41e1d" Type="F"><Para><Text>Words in <CitationSubRef id="caqo8rna4-00006" SectionRef="section-191" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/191">s. 191</CitationSubRef> omitted (31.12.2020) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqo8rna4-00007" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqo8rna4-00007" id="caqo8rna4-00008" SectionRef="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqo8rna4-00007" id="caqo8rna4-00009" SectionRef="regulation-2-8-a" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/8/a" Operative="true">2(8)(a)</CitationSubRef> (with <CitationSubRef CitationRef="caqo8rna4-00007" id="caqo8rna4-00010" SectionRef="regulation-21" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqo8rna4-00011" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqo8rna4-00011" id="caqo8rna4-00012" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqo8rna4-00011" id="caqo8rna4-00013" SectionRef="regulation-3" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3">3</CitationSubRef>, <CitationSubRef CitationRef="caqo8rna4-00011" id="caqo8rna4-00014" SectionRef="schedule-paragraph-23-b" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqo8rna4-00015" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqo8rna4-00015" id="caqo8rna4-00016" SectionRef="regulation-11" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqo8rna4-00017" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqo8rna4-00017" id="caqo8rna4-00018" SectionRef="schedule-5-paragraph-1-1" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-05efaafecba9a6b16cf88993f412de63" Type="F"><Para><Text>Words in <CitationSubRef id="caqo8rna4-00024" SectionRef="section-191" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/191">s. 191</CitationSubRef> inserted (31.12.2020) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqo8rna4-00025" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef CitationRef="caqo8rna4-00025" id="caqo8rna4-00026" SectionRef="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="caqo8rna4-00025" id="caqo8rna4-00027" SectionRef="regulation-2-8-b" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/8/b" Operative="true">2(8)(b)</CitationSubRef> (with <CitationSubRef CitationRef="caqo8rna4-00025" id="caqo8rna4-00028" SectionRef="regulation-21" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqo8rna4-00029" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef CitationRef="caqo8rna4-00029" id="caqo8rna4-00030" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="caqo8rna4-00029" id="caqo8rna4-00031" SectionRef="regulation-3" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3">3</CitationSubRef>, <CitationSubRef CitationRef="caqo8rna4-00029" id="caqo8rna4-00032" SectionRef="schedule-paragraph-23-b" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqo8rna4-00033" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="caqo8rna4-00033" id="caqo8rna4-00034" SectionRef="regulation-11" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqo8rna4-00035" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="caqo8rna4-00035" id="caqo8rna4-00036" SectionRef="schedule-5-paragraph-1-1" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="M_F_4944e813-a0dd-4f0f-d371-73e2f322e7dc" Type="F"><Para><Text>Words in s. 170B(5) omitted (31.12.2020) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqkm98o4-00025" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef id="cc168933126084" CitationRef="caqkm98o4-00025" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3" SectionRef="regulation-1-3">regs. 1(3)</CitationSubRef>, <CitationSubRef id="cc147352613180" CitationRef="caqkm98o4-00025" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/3/c" SectionRef="regulation-2-3-c" Operative="true">2(3)(c)</CitationSubRef> (with <CitationSubRef id="cc155510140629" CitationRef="caqkm98o4-00025" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21" SectionRef="regulation-21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqkm98o4-00029" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef id="cc170703192996" CitationRef="caqkm98o4-00029" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cc198259860880" CitationRef="caqkm98o4-00029" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3" SectionRef="regulation-3">3</CitationSubRef>, <CitationSubRef id="cc145265065969" CitationRef="caqkm98o4-00029" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b" SectionRef="schedule-paragraph-23-b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqkm98o4-00033" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef id="cc171646221450" CitationRef="caqkm98o4-00033" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11" SectionRef="regulation-11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqkm98o4-00035" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef id="cc139983756257" CitationRef="caqkm98o4-00035" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1" SectionRef="schedule-5-paragraph-1-1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="M_F_5fbfd477-8ffa-4f85-a6ba-beade16a6dbb" Type="F"><Para><Text>Words in s. 170B(5) omitted (31.12.2020) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/341" id="caqkm98o4-00025" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="341" Title="The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019">The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341)</Citation>, <CitationSubRef id="cc137121002735" CitationRef="caqkm98o4-00025" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/1/3" SectionRef="regulation-1-3">regs. 1(3)</CitationSubRef>, <CitationSubRef id="cc169214077671" CitationRef="caqkm98o4-00025" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/2/3/c" SectionRef="regulation-2-3-c" Operative="true">2(3)(c)</CitationSubRef> (with <CitationSubRef id="cc132630638874" CitationRef="caqkm98o4-00025" URI="http://www.legislation.gov.uk/id/uksi/2019/341/regulation/21" SectionRef="regulation-21">reg. 21</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1301" id="caqkm98o4-00029" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1301">S.I. 2020/1301</Citation>, <CitationSubRef id="cc107196136713" CitationRef="caqkm98o4-00029" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="cc171501215068" CitationRef="caqkm98o4-00029" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3" SectionRef="regulation-3">3</CitationSubRef>, <CitationSubRef id="cc116414578267" CitationRef="caqkm98o4-00029" URI="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/23/b" SectionRef="schedule-paragraph-23-b">Sch. para. 23(b)</CitationSubRef> and with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="caqkm98o4-00033" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef id="cc114331806897" CitationRef="caqkm98o4-00033" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11" SectionRef="regulation-11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="caqkm98o4-00035" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef id="cc164425836285" CitationRef="caqkm98o4-00035" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1" SectionRef="schedule-5-paragraph-1-1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-9dba2b872ebf219d8fc595329d41f496" Type="C"><Para><Text><CitationSubRef id="cbet5vmk4-00007" SectionRef="introduction" URI="http://www.legislation.gov.uk/id/ukpga/1989/40">Act</CitationSubRef> applied (with modifications) (8.7.2021) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2021/716" id="cbet5vmk4-00008" Class="UnitedKingdomStatutoryInstrument" Year="2021" Number="716" Title="The Payment and Electronic Money Institution Insolvency Regulations 2021">The Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716)</Citation>, <CitationSubRef CitationRef="cbet5vmk4-00008" id="cbet5vmk4-00009" SectionRef="regulation-2" URI="http://www.legislation.gov.uk/id/uksi/2021/716/regulation/2">reg. 2</CitationSubRef>, <CitationSubRef CitationRef="cbet5vmk4-00008" id="cbet5vmk4-00010" SectionRef="schedule-3-paragraph-2" URI="http://www.legislation.gov.uk/id/uksi/2021/716/schedule/3/paragraph/2">Sch. 3 paras. 2</CitationSubRef>, <CitationSubRef CitationRef="cbet5vmk4-00008" id="cbet5vmk4-00011" SectionRef="schedule-3-paragraph-3" URI="http://www.legislation.gov.uk/id/uksi/2021/716/schedule/3/paragraph/3" Operative="true">3</CitationSubRef> (with <CitationSubRef CitationRef="cbet5vmk4-00008" id="cbet5vmk4-00012" SectionRef="regulation-5" URI="http://www.legislation.gov.uk/id/uksi/2021/716/regulation/5">reg. 5</CitationSubRef>) (as amended (4.1.2024) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2023/1399" id="ca6gj5g95-00007" Class="UnitedKingdomStatutoryInstrument" Year="2023" Number="1399" Title="The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023">The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399)</Citation>, <CitationSubRef CitationRef="ca6gj5g95-00007" id="ca6gj5g95-00008" SectionRef="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2023/1399/regulation/1/2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="ca6gj5g95-00007" id="ca6gj5g95-00009" SectionRef="regulation-4" URI="http://www.legislation.gov.uk/id/uksi/2023/1399/regulation/4" Operative="true">4</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-d75442a55aaf7f76199dac863581dc70" Type="F"><Para><Text>Words in <CitationSubRef id="c9o03ikw5-00006" SectionRef="section-87-2-b-iii" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/87/2/b/iii">s. 87(2)(b)(iii)</CitationSubRef> substituted (31.12.2023) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2023/1313" id="c9o03ikw5-00007" Class="UnitedKingdomStatutoryInstrument" Year="2023" Number="1313" Title="The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023">The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313)</Citation>, <CitationSubRef CitationRef="c9o03ikw5-00007" id="c9o03ikw5-00008" SectionRef="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2023/1313/regulation/1/2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="c9o03ikw5-00007" id="c9o03ikw5-00009" SectionRef="regulation-8-2" URI="http://www.legislation.gov.uk/id/uksi/2023/1313/regulation/8/2" Operative="true">8(2)</CitationSubRef></Text></Para></Commentary><Commentary id="key-943c4021f9fb18227978d0338fe19767" Type="F"><Para><Text>Words in <CitationSubRef id="c9o0dfah5-00006" SectionRef="section-166-3-d-i" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3/d/i">s. 166(3)(d)(i)</CitationSubRef> inserted (31.12.2023) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2023/1313" id="c9o0dfah5-00007" Class="UnitedKingdomStatutoryInstrument" Year="2023" Number="1313" Title="The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023">The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313)</Citation>, <CitationSubRef CitationRef="c9o0dfah5-00007" id="c9o0dfah5-00008" SectionRef="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2023/1313/regulation/1/2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="c9o0dfah5-00007" id="c9o0dfah5-00009" SectionRef="regulation-8-3-a-i" URI="http://www.legislation.gov.uk/id/uksi/2023/1313/regulation/8/3/a/i" Operative="true">8(3)(a)(i)</CitationSubRef></Text></Para></Commentary><Commentary id="key-5eaec9d09c04071d5912b2d6b4fdc1b0" Type="F"><Para><Text>Words in <CitationSubRef id="c9o0dfah5-00015" SectionRef="section-166-3-d-ii" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/3/d/ii">s. 166(3)(d)(ii)</CitationSubRef> inserted (31.12.2023) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2023/1313" id="c9o0dfah5-00016" Class="UnitedKingdomStatutoryInstrument" Year="2023" Number="1313" Title="The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023">The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313)</Citation>, <CitationSubRef CitationRef="c9o0dfah5-00016" id="c9o0dfah5-00017" SectionRef="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2023/1313/regulation/1/2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="c9o0dfah5-00016" id="c9o0dfah5-00018" SectionRef="regulation-8-3-a-ii" URI="http://www.legislation.gov.uk/id/uksi/2023/1313/regulation/8/3/a/ii" Operative="true">8(3)(a)(ii)</CitationSubRef></Text></Para></Commentary><Commentary id="key-7a468f49953fe2642b01f77923923439" Type="F"><Para><Text>Words in <CitationSubRef id="c9o0dfah5-00024" SectionRef="section-166-7B-b-ii" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/7B/b/ii">s. 166(7B)(b)(ii)</CitationSubRef> inserted (31.12.2023) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2023/1313" id="c9o0dfah5-00025" Class="UnitedKingdomStatutoryInstrument" Year="2023" Number="1313" Title="The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023">The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313)</Citation>, <CitationSubRef CitationRef="c9o0dfah5-00025" id="c9o0dfah5-00026" SectionRef="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2023/1313/regulation/1/2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="c9o0dfah5-00025" id="c9o0dfah5-00027" SectionRef="regulation-8-3-b-i" URI="http://www.legislation.gov.uk/id/uksi/2023/1313/regulation/8/3/b/i" Operative="true">8(3)(b)(i)</CitationSubRef></Text></Para></Commentary><Commentary id="key-3e6c0ead7df7fc2a956a29af5c7e3bfc" Type="F"><Para><Text>Words in <CitationSubRef id="c9o0dfah5-00033" SectionRef="section-166-7B-b-iii" URI="http://www.legislation.gov.uk/id/ukpga/1989/40/section/166/7B/b/iii">s. 166(7B)(b)(iii)</CitationSubRef> inserted (31.12.2023) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2023/1313" id="c9o0dfah5-00034" Class="UnitedKingdomStatutoryInstrument" Year="2023" Number="1313" Title="The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023">The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313)</Citation>, <CitationSubRef CitationRef="c9o0dfah5-00034" id="c9o0dfah5-00035" SectionRef="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2023/1313/regulation/1/2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="c9o0dfah5-00034" id="c9o0dfah5-00036" SectionRef="regulation-8-3-b-ii" URI="http://www.legislation.gov.uk/id/uksi/2023/1313/regulation/8/3/b/ii" Operative="true">8(3)(b)(ii)</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>