SCHEDULES

SCHEDULE 18Further minor and consequential amendments

PART 2Amendments of other Acts of Parliament

Companies Act 1989 (c. 40)

65

(1)

Section 157 (change in default rules) is amended as follows.

(2)

In subsection (1)—

(a)

for “Authority”, in the first place, substitute “ appropriate regulator ”, and

(b)

for “Authority”, in the second place, substitute “ regulator ”.

(3)

At the end insert—

“(4)

The appropriate regulator”—

(a)

in relation to a recognised UK investment exchange, means the FCA, and

(b)

in relation to a recognised UK clearing house, means the Bank of England.”