The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001

Power to give directions

94.—(1) Article 89 of the Companies (No. 2) (Northern Ireland) Order 1990 (power to give directions to recognised investment exchanges and recognised clearing houses with head offices in the UK) is amended as follows.

(2) In paragraph (2), in each of sub-paragraphs (a) and (b)—

(a) for “Secretary of State” substitute “Authority”;

(b) for “he” substitute “the Authority”.

(3) In paragraph (3)—

(a) for “Secretary of State” substitute “Authority”; and

(b) for “he”, in both places, substitute “it”.

(4) In paragraph (7)—

(a) for “Secretary of State”, in both places, substitute “Authority”; and

(b) for “he is satisfied that it” substitute “it is satisfied that the direction”.

(5) In paragraph (8) for “Secretary of State” substitute “Authority”.