Paragraph 1

Section 8 of the 1996 Act^f1 is modified as follows.

In subsection (1)(a), for “United Kingdom” substitute “Isle of Man”.

In subsection (1) and (2), for “Secretary of State” substitute “Department of Trade and Industry”.

In subsection (4)(a), for “indictment” substitute “information”.

After subsection (6B) insert—

“(6C)

Subsection (5) shall have effect in relation to a limited liability company constituted under the Limited Liability Companies Act 1996 (an Act of Tynwald) as if—

(a)

a reference to a body corporate were a reference to a limited liability company, and

(b)

a reference to an officer of the body were a reference to a member of the company or its manager or registered agent.”.

Omit subsection (7).

Omit subsection (9).