SCHEDULES

SCHEDULE 5Transfer of functions: consequential amendments

Part IIISupervision under section 171 of the Companies Act 1989

Companies (No. 2) (Northern Ireland) Order 1990 (S.I. 1990/1504 (N.I. 10))

49

1

The Companies (No. 2) (Northern Ireland) Order 1990 is amended as follows.

50

In article 93(3), for “and the Bank of England” there is substituted “, the Bank of England and the Financial Services Authority”.

51

1

Article 98 is amended as follows.

2

In paragraph (2)(b), for “Bank of England” there is substituted “Financial Services Authority”.

3

For paragraph (6) there is substituted—

6

Before making regulations under this Article relating to a description of charges defined by reference to their being granted in favour of a person included in the list maintained by the Financial Services Authority for the purposes of section 171 of the [1989 c. 40.] Companies Act 1989, or in connection with exchange facilities or clearing services provided by a person included in that list, the Department shall consult the Treasury, the Authority and the Bank of England.

6A

Before making regulations under this Article relating to a description of charges defined by reference to their being granted in favour of the Bank of England, or in connection with settlement arrangements provided by the Bank, the Department shall consult the Treasury and the Bank.