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1.—(1) These Regulations may be cited as the Companies (Authorised Minimum) Regulations 2009 and come into force on 1st October 2009.
(2) In these Regulations—
“the appropriate spot rate of exchange” is to be interpreted in accordance with regulation 4(1);
“the certified spot rate” has the meaning given in regulation 4(3);
“published spot rate” has the meaning given in regulation 4(2);
“reference date” is to be interpreted in accordance with regulation 4(7) and (8);
“relevant day” is to be interpreted in accordance with regulation 4(5) and (6); and
“working day” means a day which is not a Saturday or Sunday, Christmas Day, Good Friday or any day that is a bank holiday under the Banking and Financial Dealings Act 1971(1) in England and Wales.
(3) In these Regulations a reference to any Part or section is, unless otherwise stated, a reference to a Part or section of the Companies Act 2006.
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