Version Superseded: 01/04/2013
Point in time view as at 20/06/2003. This version of this provision has been superseded.
There are currently no known outstanding effects for the Companies Act 1989, Section 157.
(1)A recognised UK investment exchange or recognised UK clearing house shall give the [F1Authority] at least 14 days’ notice of any proposal to amend, revoke or add to its default rules; and the [F1Authority] may within 14 days from receipt of the notice direct the exchange or clearing house not to proceed with the proposal, in whole or in part.
(2)A direction under this section may be varied or revoked.
(3)Any amendment or revocation of, or addition to, the default rules of an exchange or clearing house in breach of a direction under this section is ineffective.
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
