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Paragraph 23 References to loans, quasi-loans and other dealings in favour of directors

Original text. Later amendments are not shown.

(1)

In Part 4 of Schedule 9 (special provisions for banking companies and groups: additional disclosure: emoluments of directors and others)—

(a)

in paragraph 2 (loans, quasi-loans and other dealings), for “Article 338” substitute “section 197, 198, 200, 201 or 203 of the Companies Act 2006”;

(b)

in paragraph 3(5) (other transactions, arrangements and agreements: meaning of “connected person”), for “Article 354 applies” substitute “Sections 252 to 255 of, and Schedule 1 to, the Companies Act 2006 apply”.

(2)

These amendments apply in relation to arrangements and transactions entered into on or after 1st October 2007.