[19 Power to change the meaning of “relevant person”]

Supplemental

[19  Power to change the meaning of “relevant person”]

[(1)     The Secretary of State may by regulations make provision adding or removing circumstances in which a person is a “relevant person” for the purposes of this Act, subject to subsection (2).

(2)     Regulations under this section may add circumstances only if, in the Secretary of State's opinion, the additional circumstances—

(a)     involve actual or anticipated dissolution of a body corporate or an unincorporated body,

(b)     involve actual or anticipated insolvency or other financial difficulties for an individual, a body corporate or an unincorporated body, or

(c)     are similar to circumstances for the time being described in sections 4 to 7.

(3)     Regulations under this section may make provision about—

(a)     the persons to whom, and the extent to which, rights are transferred under section 1 in the circumstances

Powered by Lexis+®

Popular documents