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The Companies Act 1989 (Commencement No. 17) Order 1998

Type Statutory-Instrument
Publication 1998-07-14
State In force
Department Queen's Printer of Acts of Parliament
Source legislation.gov.uk
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Made: 14th July 1998

The Treasury, in exercise of the powers conferred by section 215(2) of the Companies Act 19891 that are now vested in them2, hereby make the following Order:—

1

This Order may be cited as the Companies Act 1989 (Commencement No. 17) Order 1998.

2

Insofar as they are not yet in force, sections 185 and 186 of the Companies Act 1989 shall come into force on 10th August 1998.

Signed

Graham Allen — Bob Ainsworth — Two of the Lords Commissioners of Her Majesty’s Treasury

Explanatory note

(This note is not part of the Order)

The Order brings sections 185 and 186 of the Companies Act 1989 (c. 40) (“the 1989 Act”) into force on [date] insofar as they are not already in force. Section 185 enables the Treasury to make by regulation further provision as appears to them necessary for the purposes of Part VII of the 1989 Act which provides for the application of insolvency law to financial markets. Section 186 provides that different provisions can be made in such regulations for different cases. Both these sections were brought into force in part by the Companies Act 1989 (Commencement No. 9 and Transitional and Savings Provisions) Order 1991 (S.I. 1991/488).

Footnotes

2

By virtue of article 2(2)(c)(i) of the Transfer of Functions (Financial Services) Order 1992 (S.I. 1992/1315), the functions originally vested in the Secretary of State under section 215(2) of the Companies Act 1989, so far as it relates to the bringing into force of any provisions of Part VII of that Act, have been transferred to the Treasury.

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