EXPLANATORY NOTE

(This note is not part of the Order)

This Order amends Schedule 15C to the Companies Act 1985.

Part XIV of the Companies Act 1985 empowers the Secretary of State to appoint inspectors to investigate the affairs of a company and makes provisions relating to the conduct of investigations.

Section 449 of the Companies Act 1985 makes provision for the security of certain information obtained during the course of such investigations. Schedule 15C contains a list of specified persons to whom information may be disclosed. This Order adds persons to that list.

An impact assessment has not been prepared in relation to this Order as minimal or no impact on the private or voluntary sectors is foreseen.