Paragraph 50 Repeal of definition of “connected person”I1

United Kingdom

The repeal of section 346 of and Schedule 13 to the 1985 Act or Article 354 of and Schedule 13 to the 1986 Order (meaning of “connected person”) does not affect—

(a)

section 317(3)(b) of the 1985 Act or Article 325(3)(b) of the 1986 Order (directors to disclose interest in contracts);

(b)

section 7E and 7F(3) of the Industrial and Provident Societies Act 1965 or section 7D and 7E(3) of the Industrial and Provident Societies Act (Northern Ireland) 1969 (transactions with committee members: whether person “connected with” committee member or “associated with” society);

(c)

section 96B(2)(a) of the Financial Services and Markets Act 2000^f1 (disclosure rules: responsibility for compliance: meaning of person connected with person having managerial responsibilities within an issuer).

Annotations

Commencement

I1: Sch. 3 para. 50 in force at 1.10.2007, see arts. 1(3)(a)(e)

Footnotes

f1: 2000 c.8; section 96B was inserted by S.I. 2005/381.