Article 85 Power to make provision about certain charges other than market chargesI1

Section 176 of the Companies Act 1989 (power to make provision about certain other charges) is amended as follows.

In paragraph (b) of subsection (2)—

For paragraphs (d) and (e) of that subsection substitute—

“(d)

a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to carry on a relevant regulated activity, or

(e)

an international securities self-regulating organisation approved for the purposes of an order made under section 22 of the Financial Services and Markets Act 2000,”.

In subsection (6)^f2—

After subsection (7) insert—

“(8)

For the purposes of subsection (2)(d), “relevant regulated activity” means—

(a)

dealing in investments as principal or as agent;

(b)

arranging deals in investments;

(c)

managing investments;

(d)

safeguarding and administering investments;

(e)

sending dematerialised instructions; or

(f)

establishing etc. a collective investment scheme.

(9)

Subsection (8) must be read with—

(a)

section 22 of the Financial Services and Markets Act 2000;

(b)

any relevant order under that section; and

(c)

Schedule 2 to that Act.”.