These Regulations amend the Financial Services Act 1986 (c. 60) (“the Act”) so as to change the competent authority for the purposes of Part IV of the Act (official listing of securities). The competent authority for the purposes of Part IV was originally the Council of The Stock Exchange, but was changed by the Official Listing of Securities (Change of Competent Authority) Regulations 1991 (S.I. 1991/2000) to The International Stock Exchange of the United Kingdom and the Republic of Ireland Limited (since 9 December 1995 known simply as The London Stock Exchange Limited).
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