Article 2
1. In the entry relating to the functions under Part XIV of the Companies Act 1985(1), for “or officer authorised by him under section 447” substitute “, officer or other competent person authorised by the Secretary of State under section 447”.
2. At the end of the Schedule insert —
“Companies Act 1989(2)Functions of following persons in assisting overseas regulatory authorities —
Secretary of State under section 83 to require information, documents or other assistance;
officer or other competent person authorised by Secretary of State under section 84 to exercise powers conferred by section 83;
Department of Economic Development authorised by Secretary of State under section 88 to exercise powers conferred by section 83 in Northern Ireland.”
1. At the end of the entry relating to the functions under Chapter V of Part I of the Financial Services Act 1986(3)insert —
“(l)statements of principle issued under section 47A;
(m)codes of practice issued under section 63C.”
2. In the entry relating to the functions under section 107 of that Act for “section 107” substitute “sections 107 and 107A”.
3. In the entry relating to the functions under Chapter XIV of Part I of that Act for “rules, guidance, arrangements or restrictions” substitute “rules, statements of principle, regulations, codes of practice, guidance, arrangements or practices”.
4. After the entry relating to the functions under Chapter XIV of Part I of that Act insert —
“Functions of Secretary of State or designated agency under Chapter XV of Part I.”
5. For the entry relating to the functions under section 160 of that Act substitute —
“Functions of Secretary of State under section 160A in relation to exemption of advertisements from provisions of sections 159 and 160.”