Companies Act 1989 (c. 40)
This section has no associated Explanatory Notes
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.”