Regulation6
1. The Act is amended in accordance with this Schedule.U.K.
Commencement Information
I1Sch. 1 para. 1 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
2. In section 141(2)(b) (subsidiary acting as authorised dealer in securities), for “regulated market” substitute “ UK regulated market ”M1 .
Commencement Information
I2Sch. 1 para. 2 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
Marginal Citations
M1A definition of “UK regulated market” was inserted into section 1173(1) of the Companies Act 2006 by the Accounts and Reports (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/145).
3. In section 146(1) (traded companies: nomination of persons to enjoy information rights), for “regulated market” substitute “ UK regulated market or an EU regulated market ”M2 .
Commencement Information
I3Sch. 1 para. 3 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
Marginal Citations
M2A definition of “EU regulated market” was inserted into section 1173(1) of the Companies Act 2006 by the Accounts and Reports (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/145).
4. In section 164 (particulars of directors to be registered: corporate directors and firms), for paragraph (c) substitute—
“(c)in the case of a limited company that is a UK-registered company, the registered number;”.
Commencement Information
I4Sch. 1 para. 4 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
5. In section 278(1) (particulars of secretaries to be registered: corporate secretaries and firms), for paragraph (c) substitute—
“(c)in the case of a limited company that is a UK-registered company, the registered number;”.
Commencement Information
I5Sch. 1 para. 5 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
6. In section 360C(b) (meaning of “traded company”) M3, for “regulated market in an EEA State” substitute “ UK regulated market or an EU regulated market ”.
Commencement Information
I6Sch. 1 para. 6 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
Marginal Citations
M3Section 360C was inserted by S.I. 2009/1632.
7. In section 363 (political parties, organisations etc to which Part 14 applies)—
(a)for subsection (1) substitute—
“(1) This Part applies to a political party if it is registered under Part 2 of the Political Parties, Elections and Referendums Act 2000 (c. 41).”;
(b)in subsections (2)(b) and (3), omit “or another member State”.
Commencement Information
I7Sch. 1 para. 7 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
8. In section 365(1)(b)(ii) (meaning of “political expenditure”), for “a member state” substitute “ the United Kingdom ”.U.K.
Commencement Information
I8Sch. 1 para. 8 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
9. In section 562(3)(a) (communication of pre-emption offers to shareholders), for “an EEA State”, in both places it occurs, substitute “ the United Kingdom or an EEA State ”.
Commencement Information
I9Sch. 1 para. 9 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
10. In section 790B(1)(a) (companies to which Part 21A applies) M4, for “regulated market which is situated in an EEA State” substitute “ UK regulated market or an EU regulated market ”.
Commencement Information
I10Sch. 1 para. 10 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
Marginal Citations
M4Section 790B was inserted by section 81 of, and Schedule 3 to, the Small Business, Enterprise and Employment Act 2015 c. 26 and has been amended by regulation 5(2) of S.I. 2017/693.
11. In section 790C(7)(b) (key terms) M5, for the words from “regulated market” to the end substitute “ UK regulated market or an EU regulated market, ”.U.K.
Commencement Information
I11Sch. 1 para. 11 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
Marginal Citations
M5Section 790C was inserted by section 81 of, and Schedule 3 to, the Small Business, Enterprise and Employment Act 2015 and subsection (7)(b) was substituted by regulation 6(2) of S.I. 2017/693.
12. In section 832(5)(a) (distributions by investment companies out of accumulated revenue profits) M6, for “regulated market” substitute “ UK regulated market ”.
Commencement Information
I12Sch. 1 para. 12 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
Marginal Citations
M6Section 832(5)(a) was substituted by regulation 2(2)(a) of S.I. 2012/952.
13. In section 853E(6) (duty to notify trading status of shares) M7, in paragraph (b) of the definition of “relevant market”, for “regulated market” substitute “ UK regulated market or an EU regulated market ”.
Commencement Information
I13Sch. 1 para. 13 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
Marginal Citations
M7Part 24 was substituted by section 92 of the Small Business, Enterprise and Employment Act 2015 and the definition of “relevant market” in section 853E(6) was substituted by paragraph 9(6) of Schedule 4 to S.I. 2017/701.
14. In section 1047 (registered name of overseas company)—
(a)omit subsection (3);
(b)in subsection (4)—
(i)omit “In any other case,”;
(ii)after paragraph (b), insert—
“(ba)section 57 (permitted characters etc);”;
(c)omit subsection (5);
(d)in subsection (6) omit “or (5)”.
Commencement Information
I14Sch. 1 para. 14 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
15. In section 1068(5) (registrar's requirements as to form, authentication and manner of delivery), for “as from 1st January 2007 all documents subject to the Directive disclosure requirements” substitute “ an enhanced disclosure document ”.
Commencement Information
I15Sch. 1 para. 15 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
16. In section 1077(1) (public notice of receipt of certain documents), for “subject to the Directive disclosure requirements” substitute “ an enhanced disclosure document ”.U.K.
Commencement Information
I16Sch. 1 para. 16 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
17. In section 1078 (documents subject to Directive disclosure requirements)—U.K.
(a)for the heading substitute “ Enhanced disclosure documents ”;
(b)in subsection (1)—
(i)for the first sentence, substitute “ The enhanced disclosure documents are as follows. ”;
(ii)omit the second sentence;
(c)in subsection (4)(a), for “subject to the Directive disclosure requirements” substitute “ an enhanced disclosure document ”.
Commencement Information
I17Sch. 1 para. 17 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
18. In section 1079(4)(b) (effect of failure to give public notice), for “a document subject to the Directive disclosure requirements” substitute “ an enhanced disclosure document ”.U.K.
Commencement Information
I18Sch. 1 para. 18 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
19. Omit section 1079A (provision of information for publication on European e-Justice portal) M8.U.K.
Commencement Information
I19Sch. 1 para. 19 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
Marginal Citations
M8Section 1079A was inserted by article 5 of S.I. 2014/1557.
20. In section 1080(3) (the register), for “documents subject to the Directive disclosure requirements (see section 1078) that are delivered to the registrar on or after 1st January 2007” substitute “ an enhanced disclosure document (see section 1078) delivered to the registrar, ”.U.K.
Commencement Information
I20Sch. 1 para. 20 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
21. In section 1086(2) (right to copy of material on the register), for “a document subject to the Directive disclosure requirements” substitute “ an enhanced disclosure document ”.U.K.
Commencement Information
I21Sch. 1 para. 21 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
22. In section 1089(2) (form of application for inspection or copy), for “As from 1st January 2007, applications in respect of documents subject to the Directive disclosure requirements” substitute “ Applications in respect of an enhanced disclosure document ”.U.K.
Commencement Information
I22Sch. 1 para. 22 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
23. In section 1090(2) (form and manner in which copies to be provided), for “As from 1st January 2007, copies of documents subject to the Directive disclosure requirements” substitute “ Copies of an enhanced disclosure document ”.U.K.
Commencement Information
I23Sch. 1 para. 23 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
24. In section 1091(5) (certification of copies as accurate), for “documents that are subject to the Directive disclosure requirements” substitute “ an enhanced disclosure document ”.U.K.
Commencement Information
I24Sch. 1 para. 24 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
25. In section 1098(1) (public notice of removal of certain material from the register), for “any document subject to the Directive disclosure requirements” substitute “ an enhanced disclosure document ”.U.K.
Commencement Information
I25Sch. 1 para. 25 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
26. In section 1173(1) (minor definitions: general), for the definition of “transferable securities”M9 substitute—
““transferable securities” has the meaning given by Article 2.1.24 of Regulation (EU) No. 600/2014 of the European Parliament and of the Council of 15 May 2014 and amending Regulation (EU) No. 648/2012;”M10.
Commencement Information
I26Sch. 1 para. 26 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2
Marginal Citations
M9The definition of transferable securities was inserted by regulation 12(2) of S.I. 2015/980 and amended by paragraph 9(7)(a)(ii) of Schedule 4 to S.I. 2017/701.
M10The definition of “transferable securities” in Article 2.1.24 was amended by the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1403).
27. Schedule 8 (index of defined expressions) is amended as follows—
(a)omit the entry for “Directive disclosure requirements”;
(b)at the appropriate place insert—
“enhanced disclosure documents | section 1078”. |
Commencement Information
I27Sch. 1 para. 27 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2