Sch. 2 paras. 4A, 4B inserted (20.6.2003) by The Enterprise Act 2002 (Consequential and Supplemental Provisions) Order 2003 (S.I. 2003/1398), art. 1, Sch. para. 43(2)(c)

http://www.legislation.gov.uk/uksi/2001/3755/schedule/2/paragraph/4A/2003-12-29The Uncertificated Securities Regulations 2001LegislationLocal governmentCOMPANIESStatute Law Database2024-10-10Expert Participation2003-12-29The Uncertificated Securities Regulations 2001SCHEDULE 2PREVENTION OF RESTRICTIVE PRACTICESEnforcement4A.(1)

The court may, on an application by the OFT, enquire into whether any person (“the defaulter”) has refused or otherwise failed, without reasonable excuse, to comply with a notice under paragraph 4(1).

(2)

An application under sub-paragraph (1) shall include details of the possible failure which the OFT considers has occurred.

(3)

In enquiring into a case under sub-paragraph (1), the court shall hear any witness who may be produced against or on behalf of the defaulter and any statement which may be offered in defence.

(4)

Sub-paragraphs (5) and (6) apply where the court is satisfied, after hearing any witnesses and statements as mentioned in sub-paragraph (3), that the defaulter has refused or otherwise failed, without reasonable excuse, to comply with a notice under paragraph 4(1).

(5)

The court may punish the defaulter as it would have been able to punish him had he been guilty of contempt of court.

(6)

Where the defaulter is a body corporate or is a partnership constituted under the law of Scotland, the court may punish any director, officer or (as the case may be) partner of the defaulter as it would have been able to punish that director, officer or partner had he been guilty of contempt of court.

(7)

In this paragraph “the court”—

(a)

in relation to England and Wales or Northern Ireland, means the High Court, and

(b)

in relation to Scotland, means the Court of Session.

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<ref eId="ccd8e1202407181027129080100" class="subref" href="http://www.legislation.gov.uk/id/uksi/2001/3755/schedule/2/paragraph/4A">Sch. 2 paras. 4A</ref>
,
<ref eId="ccd8e4202407181027129080100" class="subref" href="http://www.legislation.gov.uk/id/uksi/2001/3755/schedule/2/paragraph/4B">4B</ref>
inserted (20.6.2003) by
<ref eId="d10e7" href="http://www.legislation.gov.uk/id/uksi/2003/1398">The Enterprise Act 2002 (Consequential and Supplemental Provisions) Order 2003 (S.I. 2003/1398)</ref>
,
<ref eId="ccd8e10202407181027129080100" class="subref" href="http://www.legislation.gov.uk/id/uksi/2003/1398/article/1">art. 1</ref>
,
<ref eId="ccd8e13202407181027129080100" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2003/1398/schedule/paragraph/43/2/c">Sch. para. 43(2)(c)</ref>
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Enforcement
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