Regulation 5 Consequential amendments to other enactmentsI1

In section 60(8) of the Companies Act 1985^f1 (exceptions from rule in section 59), the words “the competent authority for the purposes of Part IV of the Financial ServicesAct 1986” shall be substituted for the words “the Council of The Stock Exchange”.

In the definition of the expression “negotiable bonds” in regulation 1(3) of the Local Authority (Stocks and Bonds) Regulations 1974^f2 (title, commencement and interpretation), the words “the competent authority for the purposes of Part IV of the Financial Services Act 1986” shall be substituted for the words “the Council of The Stock Exchange”.

In regulation 6(b) of the Local Authorities (Borrowing) Regulations 1990^f3 (redemption of loan instruments), the words “the competent authority for the purposes of Part IV of the Financial Services Act 1986” shall be substituted for the words “the Council of The Stock Exchange”.