Part XXIII Companies and Credit and Financial Institutions (Branch Disclosure) Regulations (Northern Ireland) 1993

Branch Registration

1.—(1) This paragraph applies to any limited company incorporated outside the United Kingdom and Gibraltar which, immediately after 7th June 1993, has a branch in Northern Ireland which it had there immediately before 8th June 1993.

(2) A company to which this paragraph applies shall be treated for the purposes of paragraph 1(1) of Schedule 20A to the 1986 Order as having opened on 8th June 1993 any branch which it has in Northern Ireland immediately after 7th June 1993 and had there immediately before 8th June 1993.

(3) Where a company to which this paragraph applies was registered Part XXIII company immediately before 8th June 1993, paragraph 1(1) of Schedule 20A to the 1986 Order shall have effect in its application by virtue of sub-paragraph (2), with the substitution for “one month” of “six months”.

(4) For the purposes of sub-paragraph (3) a company is a registered Part XXIII company if it has duly delivered documents to the registrar under Article 641 of the 1986 Order and has not subsequently given notice to him under Article 646 of that Order that it has ceased to have an established place of business in Northern Ireland.

(5) Subject to sub-paragraph (6) Articles 641 and 642 of the 1986 Order shall continue to apply to a company to which this paragraph applies (notwithstanding Article 640B of that Order) until such time as it has—

(a) complied with paragraph 1 of Schedule 20A to the 1986 Order in respect of a branch, or

(b) ceased to have a branch in Northern Ireland.

(6) Articles 641 and 642 of the 1986 Order shall not however apply to any company to which this paragraph applies, if the company had no place of business in Northern Ireland immediately prior to 8th May 1993.

(7) For the purposes of this paragraph “branch” has the same meaning as in Article 648(2) of the 1986 Order.