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20. In section 205A of the 1986 Act(1) (supplementary provisions with respect to subordinate legislation)—
(a)in subsection (1) for “The following provisions” there shall be substituted “Subsections (2) to (4) below”; and
(b)after subsection (1) there shall be inserted the following subsection
“(1A) Subsections (2) to (4) below also apply to any power to make regulations by virtue of regulation 6 of the Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996 in the event that that power becomes exercisable by the Treasury by virtue of an order under section 115 above.”.
Section 205A of the 1986 Act was inserted by section 206(1) of, and paragraph 18 of Schedule 23 to, the Companies Act 1980; subsection (1) was amended by paragraph 8 of Schedule 4 to the Transfer of Functions (Financial Services) Order 1992 (S.I. 1992/1315).
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