Part IV Overseas Institutions with Representative Offices

76 Power to object to names of overseas institutions.

1

An overseas institution which has established a representative office in the United Kingdom shall not change any name used by it in relation to activities conducted by it in the United Kingdom or, in the case of an institution which is obliged to disclose any name in connection with those activities as mentioned in section 75(1) above, that name unless it has given not less than two months’ notice to the F2Authority of the proposed name.

2

Where notice of a name is given to the F2Authority by an overseas institution under section 75(1) or subsection (1) above and it appears to the F2Authority that the name is misleading to the public or otherwise undesirable it may, within the period of two months beginning with the day on which that notice was given, give notice in writing to the institution that it objects to that name.

3

Where it appears to the F2Authority that an overseas institution which has established a representative office in the United Kingdom before the date on which this Part of this Act comes into force is using a name in relation to activities conducted by it in the United Kingdom which is misleading to the public or otherwise undesirable, the F2Authority may give notice in writing to the institution that it objects to the name—

a

in a case where the F2Authority was notified of the establishment of the representative office before that date, within the period of six months beginning with that date; and

b

otherwise, within the period of six months beginning with the date on which the establishment of the representative office comes to the F3Authority’s knowledge.

4

Where, as a result of a material change in circumstances since the time when notice of a name was given to the F2Authority under section 75(1) or subsection (1) above or as a result of further information becoming available to the F2Authority since that time, it appears to the F2Authority that the name is so misleading as to be likely to cause harm to the public, the F2Authority may give notice in writing to the overseas institution in question that it objects to the name.