The Oversea Companies and Credit and Financial Institutions (Branch Disclosure) Regulations 1992

Branch registration

2.—(1) This paragraph applies to any limited company incorporated outside the United Kingdom and Gibraltar which—

(a) has an established place of business in England and Wales both immediately before 1st January 1993 and immediately after 31st December 1992, and

(b) does not have a branch there immediately after 31st December 1992.

(2) Where, immediately after 31st December 1992, a company to which this paragraph applies has a branch elsewhere in the United Kingdom, sections 691 and 692 of the principal Act shall, in relation to England and Wales, continue to apply to the company (notwithstanding section 690B of that Act) until such time as it gives the registrar for England and Wales notice of the fact that it is a company to which section 690A applies.

(3) In sub-paragraph (2) above, “registrar” has the same meaning as in the principal Act.

(4) This paragraph shall also apply with the substitution for references to England and Wales of references to Scotland.

(5) For the purposes of this paragraph “branch” has the same meaning as in section 698(2) of the principal Act and whether a branch is in England and Wales or Scotland or Northern Ireland is to be determined in accordance with that section.