The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001

Definitions for purposes of Part 7

89.—(1) Section 190 of the Companies Act 1989 (definitions for purposes of Part 7) is amended in accordance with paragraphs (2) to (6).

(2) In subsection (1), after the definition of “administrative receiver”, insert—

““the Authority” means the Financial Services Authority;”.

(3) In that subsection, the definitions of “clearing house”, of “investment” and “investment exchange” and of “recognised” are repealed.

(4) In that subsection, after the definition of “overseas”, insert—

““recognised clearing house” and “recognised investment exchange” have the same meaning as in the Financial Services and Markets Act 2000;”.

(5) In that subsection, for the definition of “The Stock Exchange” substitute—

““The Stock Exchange” means the London Stock Exchange Limited;”.

(6) Subsection (4) is repealed.

(7) In the table in section 191 of that Act (table of defined expressions)—

(a) the entries relating to the following expressions are repealed—

• clearing house;

• ensuring the performance of a transaction;

• investment;

• investment exchange; and

• recognised; and

(b) insert the following in the appropriate places—

“the Authority

section 190(1)”; and

“recognised clearing house and recognised investment exchange

section 190(1)”.