Paragraph 7
United Kingdom
The Treasury may, before the end of the period of three months beginning with the day on which F3they receive the notice, direct that Part II of this Act shall apply to the company.
Before giving a direction under sub-paragraph (2) above, the Treasuryshall serve on the company a written notice stating—
that F4they are considering giving a direction and particulars of the ground on which they are considering it; and
that the company may, within the period of one month from the date of service of the notice, make written representations to the Treasury and, if the company so requests, oral representations to an officer of the F5Treasury appointed for the purpose by the Treasury.
Where representations are made in response to a notice under sub-paragraph (3) above, the Treasury shall take them into account before giving a direction.
Annotations
Textual amendments
- F1
Word in Sch. 2F para. 7 substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 72 (with art. 7)
- F2
Word in Sch. 2F para. 7(1) substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 76(a) (with art. 7)
- F3
Words in Sch. 2F para. 7(2) substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 76(b) (with art. 7)
- F4
Words in Sch. 2F para. 7(3)(a) substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 76(c)(i) (with art. 7)
- F5
Word in Sch. 2F para. 7(3)(b) substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 76(c)(ii) (with art. 7)
Notes on the whole Act
Textual amendments
- F1
Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(b)
Notes on Schedule 2F]
Textual amendments
- F1
Sch. 2F inserted (1.7.1994) by S.I. 1994/1696, reg. 45(2), Sch. 6
Modifications
- C1
Sch. 2F: Power to contract out certain functions conferred (18.11.1998) by S.I. 1998/2842, arts. 2, 3, Sch. Pt. I para. 60