44.—(1) Paragraph 4 of Schedule 7 to the Act(1) (qualifications of designated agency) shall have effect as if any reference to authorised persons included a reference to European investment firms carrying on home-regulated investment business in the United Kingdom.
(2) Paragraph 5 of that Schedule shall have effect as if it included provision that, for the purposes of complying with the Investment Services Directive, the agency must be able and willing to co-operate, by the sharing of information and otherwise, with supervisory authorities in other EEA States.
Schedule 7 has been amended by sections 204 and 206 of, and Schedule 23 to, the Companies Act 1989.