# The Companies Act 1985 (Bank Accounts) Regulations 1991, Paragraph 4


Parts I and II of Schedule 9 to the 1985 Act, formed into a new Schedule by Regulation 5 of these Regulations and numbered Schedule 9A, shall be amended as follows:
(a) in paragraph 17(2) of Part I, the words from “except in so far as” to the end shall be omitted;
(b) paragraph 27 of Part I is repealed;
(c) in paragraph 28A of Part I, the words “27 or” shall be omitted;
(d) the words “Banking or” shall be omitted from the heading to Part II;
(e) the following shall be substituted for paragraph 1 of Part II:
“1 An undertaking (other than one carrying on insurance business) whose activities are a direct extension of or ancillary to insurance business shall not be excluded from consolidation under section 229(4) (exclusion of undertakings whose activities are different from those of the undertakings consolidated).”;
(f) in paragraph 5 of Part II, the word “an” shall be substituted for the words “a banking or” in sub-paragraph (1) and the words “27 or” in that sub-paragraph and “27(4)” in subparagraph (2) shall be omitted; and
(g) paragraph 6 of Part II is repealed.

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Source: https://www.legislation.gov.uk/uksi/1991/2705/schedule/2/paragraph/4 (the official version)
Page: https://openlegislation.uk/companies-act-1985-bank-accounts-regulations-1991/schedule-2/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.