SCHEDULES

SCHEDULE 18Further minor and consequential amendments

PART 2Amendments of other Acts of Parliament

Companies Act 1989 (c. 40)

I165

1

Section 157 (change in default rules) is amended as follows.

2

In subsection (1)—

a

for “Authority”, in the first place, substitute “ appropriate regulator ”, and

b

for “Authority”, in the second place, substitute “ regulator ”.

3

At the end insert—

4

The appropriate regulator”—

a

in relation to a recognised UK investment exchange, means the FCA, and

b

in relation to a recognised UK clearing house, means the Bank of England.