The Electronic Money (Miscellaneous Amendments) Regulations 2002

The Companies Act 1985

2.—(1) In section 209 of the Companies Act 1985(1) (interests in shares to be disregarded for purposes of disclosure requirements), at the end of paragraph (b) of subsection (2) insert “which falls within article 1(1)(a) of the banking consolidation directive (within the meaning of that Schedule)”.

(2) In section 262(1) of that Act(2) (minor definitions), in the definition of “credit institution”, for “article 1” substitute “article 1(1)(a)”.

(3) In section 699A(3) of that Act(3) (credit and financial institutions to which the Bank Branches Directive (89/117/EEC) applies), in the definition of “credit institution”, for “article 1” substitute “article 1(1)(a)”.

(1)

1985 c. 6. Section 209 was substituted by S.I. 1993/1819; subsection (2) was amended by S.I. 1993/2689 and S.I. 2001/3649.

(2)

Section 262 was inserted by section 22 of the Companies Act 1989 (c. 40), and the definition of “credit institution” was substituted by S.I. 2000/2952.

(3)

Section 699A was inserted by S.I. 1992/3179, and the definition of “credit institution” was inserted by S.I. 2000/2952.