The provisions of this Part amend the provisions of the [1985 c. 6.] Companies Act 1985 relating to the registration of company charges—
(a)by inserting in Part XII of that Act (in place of sections 395 to 408 and 410 to 423) new provisions with respect to companies registered in Great Britain, and
(b)by inserting as Chapter III of Part XXIII of that Act (in place of sections 409 and 424) new provisions with respect to oversea companies.