PART 2AMENDMENTS TO THE COMPANIES LEGISLATION

The Companies' Act 1989 (c. 40)

Power to give directions81

1

Section 166 of the Companies Act 1989 (power to give directions to recognised investment exchanges and recognised clearing houses with head offices in the UK) is amended as follows.

2

In subsection (2), in each of paragraphs (a) and (b)—

a

for “Secretary of State” substitute “Authority”;

b

for “he” substitute “the Authority”.

3

In subsection (3)—

a

for “Secretary of State” substitute “Authority”; and

b

for “he”, in both places, substitute “it”.

4

In subsection (7)—

a

for “Secretary of State”, in both places, substitute “Authority”; and

b

for “he is satisfied that it” substitute “it is satisfied that the direction”.

5

In subsection (8) for “Secretary of State” substitute “Authority”.