3.—(1) Section 26 of the Companies Act 1985 (“the 1985 Act") (prohibition on registration of certain names) is amended as follows.U.K.
(2) For paragraph (bb) of sub-section (1) M1, substitute—
“(bb)which includes, at any place in the name, the expressions “investment company with variable capital" or “open-ended investment company" or their Welsh equivalents (“cwmni buddsoddi â chyfalaf newidiol" and “cwmni buddsoddiant penagored" respectively);”.
(3) In subsection (3)(b), omit the word “and" after “cyhoeddus"); and at the end insert
“and “open-ended investment company" or its Welsh equivalent (“cwmni buddsoddiant penagored");”.
Marginal Citations
M1Subsection (1)(bb) was inserted by S.I. 1996/2827.