The Insurance Companies (Third Insurance Directives) Regulations 1994

Companies Act 1985 (c. 6)

9.—(1) The following provisions of the Companies Act 1985, namely—

(a) section 246(4)(1) (exemptions for small and medium-sized companies);

(b) section 248(2)(2) (exemptions for small and medium-sized groups); and

(c) section 450(1)(3) (punishment for destroying, mutilating etc.company documents),

shall have effect as if the reference to an insurance company to which Part II of the 1982 Act applies included a reference to an EC company lawfully carrying on insurance business in the United Kingdom.

(2) In subsection (1) of section 449 of the Companies Act 1985 (provision for security of information obtained), in paragraph (cc)(4), for the words “under section 44” substitute the words “or appointed under section 43A or 44”.

(3) In subsection (3) of section 451A of that Act(5) (disclosure of information by Secretary of State or inspector), in paragraph (b), for the words “under section 44” substitute the words “or appointed under section 43A or 44”.

(4) In subsection (3) of section 452 of that Act(6) (privileged information), for the words “section 44(2) to (4)” substitute the words “section 43A or 44(2) to (4)”.

(5) In subsection (1) of section 460 of that Act (order on application of Secretary of State), for the words “section 44(2) to (6)” substitute the words “section 43A or 44(2) to (6)”.

(6) In the case of an EC company, section 720 of that Act (certain companies to publish periodical statement) does not apply if the company complies with provisions of law of its home State as to the accounts and balance sheet to be prepared annually and deposited with the supervisory authority in that State by such a company.

(1)

Section 246 was inserted by the Companies Act 1989 (c. 40), section 13(1).

(2)

Section 248 was inserted by the Companies Act 1989 (c. 40), section 13(3).

(3)

Section 450(1) was amended by the Companies Act 1989 (c. 40), section 66.

(4)

Paragraph (cc) of section 449(1) was inserted by the Companies Act 1989 (c. 40), section 65.

(5)

Section 451A was inserted by the Financial Services Act 1986 (c. 60), section 182 and Schedule 13, para 10 and amended by the Companies Act 1989 (c. 40), section 68.

(6)

Section 452 was amended by the Companies Act 1989 (c. 40), section 69.