| [(1) | This Part applies to companies other than— |
| [(a) | companies with voting shares admitted to trading on a regulated market which is situated in an EEA State, and] |
| (b) | companies of any description specified by the Secretary of State by regulations. |
| (2) | In deciding whether to specify a description of company, the Secretary of State is to have regard to the extent to which companies of that description are bound by disclosure and transparency rules (in the United Kingdom or elsewhere) [which are contained in international standards and are equivalent to those applicable to companies referred to in subsection (1)(a)]. |
| (3) | . . . |
| (4) | Regulations under this section are subject to affirmative resolution procedure.] |
| [(5) | In this section— |
| “voting shares” means shares carrying voting rights; |
| “voting rights” means rights to vote at general meetings of the company in question, including rights that arise only in certain circumstances.] |
| NOTES |
| Amendment |
| Inserted by the Small Business, Enterprise and Employment Act 2015, s 81, Sch 3, Pt 1, para 1. |
| Date in force (for certain purposes): 26 May 2015: see SI 2015/1329, reg 3(a). |
| Date in force (for remaining purposes): 6 April 2016: see SI 2015/2029, reg 4(a). |
| Sub–s (1): para (a) substituted by SI 2017/693, regs 4, 5(1), (2). |
| Date in force: 26 June 2017: see SI 2017/693, reg 2; for transitional provisions see reg 39, Schedule, Pt 1. |
| Sub–s (2): words from “which are contained“ to “in subsection (1)(a)” in square brackets substituted by SI 2017/693, regs 4, 5(1), (3). |
| Date in force: 26 June 2017: see SI 2017/693, reg 2; for transitional provisions see reg 39, Schedule, Pt 1. |
| Sub–s (3): repealed by SI 2017/693, regs 4, 5(1), (4). |
| Date in force: 26 June 2017: see SI 2017/693, reg 2; for transitional provisions see reg 39, Schedule, Pt 1. |
| Sub–s (5): inserted by SI 2017/693, regs 4, 5(1), (5). |
| Date in force: 26 June 2017: see SI 2017/693, reg 2; for transitional provisions see reg 39, Schedule, Pt 1. |
| Subordinate Legislation |
| Register of People with Significant Control Regulations 2016, SI 2016/339 (made under sub–s (1)(b)). |
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