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Companies Act 2006
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[F1PART 4U.K.Power to amend thresholds etc
Textual Amendments
F1Schs. 1A, 1B inserted (26.5.2015 for specified purposes, 6.4.2016 in so far as not already in force) by Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 3 para. 2; S.I. 2015/1329, reg. 3(a); S.I. 2015/2029, reg. 4(a)
26(1)The Secretary of State may by regulations amend this Schedule for a permitted purpose.U.K.
(2)The permitted purposes are—
(a)to replace any or all references in this Schedule to a percentage figure with references to some other (larger or smaller) percentage figure;
(b)to change or supplement the specified conditions in Part 1 of this Schedule so as to include circumstances (for example, circumstances involving more complex structures) that give individuals a level of control over company Y broadly similar to the level of control given by the other specified conditions;
(c)in consequence of any provision made by virtue of paragraph (b), to change or supplement Part 2 of this Schedule so that circumstances specified in that Part in which a person is to be regarded as holding an interest in a company correspond to any of the specified conditions, or would do so but for the extent of the interest.
(3)Regulations under this paragraph are subject to affirmative resolution procedure.]
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