The Bank of England (Information Powers) Order 1998 (S.I. 1998/1270)
This section has no associated Explanatory Memorandum
11. In article 1(2) (citation, commencement and interpretation) of the Bank of England (Information Powers) Order 1998(1)—
(a)in the definition of “parent undertaking” and “subsidiary undertaking”, for the words from “Part VII of the Companies Act 1985” to the end substitute “section 1162 of the Companies Act 2006, but as if the reference in section 1162(4)(a) of that Act to a “dominant influence” were a reference to a “significant influence”;
(b)in the definition of “undertaking”, for “section 259 of the Companies Act 1985” substitute “section 1161(1) of the Companies Act 2006”.
(1)
S.I. 1998/1270, to which there are amendments not relevant to this Order.