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  1. E-quick package
  2. Economy package
  3. Premier package
  4. Deluxe package
If you are thinking about setting up a business, and need it done quickly and easily with no additional requirements, then this package is the perfect choice.
This package is a cheap and efficient way to begin business, and includes the provision of a registered office address in London for the duration of one year.
This package is a not expensive and efficient way to begin business, and includes the provision of a registered office address in London and a nominee secretary for the duration of one year.
This package is one of the most cost effective and the efficient way to start a UK company, which includes a registered office address in London, a nominee secretary, and a nominee director for the duration of one year.
E-quick*
£32.00
Economy
£82.00
Premier
£207.00
Deluxe
£557.00
Private company limited by shares
No Annual Charges
Private company limited by shares
Annual Fee From: £50.00
Private company limited by shares
Annual Fee From: £175.00
Private company limited by shares
Annual Fee From: £525.00
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Further information

Private Company Limited by Shares:

  • A private company limited by shares in England and Wales must have at least one director, one shareholder, and may have a secretary.

  • You need at least one person to form this type of company. If there is only one director, and that director is a natural person in your company, that director can also act as the secretary.

  • A company must have at least one director who is a natural person. This requirement is met if the office of director is held by a natural person as a corporation sole or otherwise by virtue of an office.

  • You can register a sole director' company, if you are familiar with the secretaries duties and responsibilities, because all of them belongs to a sole director.

  • The directors and secretary of your company can also be shareholders.

  • The Companies Act imposes no restriction on the minimum age of company directors. However Companies House will actively discourage the appointment of anyone under the age of 16 from taking up a company directorship on the grounds that the individuals concerned may not fully understand the legal liabilities that go with the position and for the most part will not have the experience necessary to perform the duties of a company director.

  • Under the Companies Act 2006, there is no restriction on any or all of the members/shareholders being from an overseas country (i.e. outside the United Kingdom in terms of residency, domicile, citizenship, place of incorporation or all or any of those concepts).

  • There is no requirement for the officers of your company to be UK citizens or residents, nor for them to hold valid work permits.

  • Owning, or being an officer of a UK company does not, however, grant you any right to live or work in the UK if you are a foreign national.

  • Your company must have a registered office address within England or Wales; this is the official address of your company and will be on the public record as such.

  • Your company must hold its official company documents at its registered office address: its register of shareholders, and its constitutional documents.

  • So long as you maintain a registered office address in England or Wales, you can conduct your business from any place in the world: you do not have to run your business from your registered office address.

  • Coddan offers company formation, ready-made company registration for UK limited companies. We offer electronic filing enterprises & registering corporation services. In addition to business registrations, we offer trademark registration, shareholder agreements, toll-free numbers, telephone answering, virtual office and company searches for UK limited companies. You are an accountant for whom company establishment is a frequent activity or an individual ordering your first company registrations. Start a company by incorporating or forming a LTD, PLC or LLP at Coddan. Learn about incorporation & how to incorporate your business online: register a business name, company registration, business registration numbers, company house web filing - business name registration check. Whether you start-up online, register London business or form a corporation Scotland, we can help you understand the business start-up process for filing LTD United Kingdom.
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    Incorporate or form an LLC – online: company registrar United Kingdom, limited company formations & corporation registration, electronically LLC online, very easy and informative. In addition to private companies Great Britain, we offer trademark registration, shareholder agreements, 0870 numbers, telephone answering, virtual office and company searches for English companies. Information to help start, grow or manage a small business. If you are starting a business Edinburgh or starting own business Northern Ireland, read our starting business Republic of Ireland guide. Home business and small business training and ideas site to help you start Belfast, grow, and expand a home-based business or search for the work at home job right. An outline of the general steps for incorporation in Great Britain, explaining how to incorporate your business Dublin, from choosing where to incorporate your business. UK ready-made company formation services and company registrations online, our offices keep a stock of ready made companies, and would be happy to supply details on request. We offer offshore ready-made companies in different jurisdictions, readymade offshore companies also called as offshore shelf companies, shelf off-shore companies for sale: starting applying for a business name, business name registration partnership, grants for starting a business and starting a business from home.
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    Open company same-day and offshore setting-up services using our online starting-up service for Limited Liability Company Offshore companies. Start enjoying the tax benefits and personal liability protection that forming a corporation or Limited Liability Company (LLC) provides. Offshore company incorporation, offshore checking and offshore saving accounts, offshore time deposits, offshore mutual funds, offshore money market accounts and offshore asset protection provided by Coddan. Company formations, limited company formations, electronic incorporations, company formation agents, paperless company registrar, electronic companies filing, United Kingdom limited company, setting corporation Ireland, business incorporation Scotland, open company England, London company registration, electronic companies filing, British companies registrars, business consultants, company law, public limited company, plc, international companies, ltd, inc, limited liability, enterprise, organization, organization, tax, taxation, England, firm, partnership, trade, profession, contractors, business, private limited company, limited by shares, ready-made companies, readymade company, aged company, off the shelf company, shelf companies list.
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    Specializes in company registration and secretarial services. Provides list of shelf company, services and cost quotation, business name registration, company house direct, starting a business - sole trader business registration.

    This is actually a pretty good reason to incorporate in Delaware or Nevada. In fact, you could be a foreigner from Lebanon, never setting foot on American soil, form a Delaware corporation and no one would know who you are! However, many states will require the owners and/or officers and/or directors information while operating in that state (as a foreign corp.). Besides, how many small businesses require anonymity? Incorporate, incorporation, incorporating, incorporation services, incorporating services, incorporate Wyoming business online, incorporating Oregon business, New York LLC formation, Louisiana limited liability corporation, Texas articles of incorporation, Florida company incorporation, California non profit corporation, corporate name search offshore, BVI corporate name availability, Seychelles corporate name registration.
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    Learn about incorporation services UK and incorporate London online: starting your own business, business ideas, starting a business on ebay or buying a business with legal requirements for starting a business. Online England company formations, online company London W1 formation, Glasgow formation agent, Liverpool formations agent, Scottish companies house, forming a company Scotland, starting a business Wales, form a limited company Oxford, United Kingdom business registration agents, online Great Britain company registration. E-Business, small business, business structures defined: the limited liability company business structures defined: the limited liability company IRS treatment of the one-member LLC. An LLC with only one member / owner is automatically considered to be a sole proprietorship unless an election is made to be treated as a corporation. Thus, the sole member of an LLC will file (Form 1040), (U.S. Individual Income Tax Return), ideas for starting a business, grants for starting a business, starting a business from home, starting your own business - business ideas, starting a business on ebay, buying a business: legal requirements for starting a business, ideas for starting a business.
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    A business may be conducted by a company as an entity in its own right and comes into existence by incorporation under companies legislation which also regulates the running of the company and sets out the duties of its officers. In recent years trading trusts have been commonly used as the structure for carrying on a business with their main objective of tax minimization. A trust requires a trustee to act on behalf of a trust and it has been preferable to have a company newly incorporated to act as the trustee as it is believed that this limits the liability of the trust to the paid-up capital of the Trustee Company. A trust is formed by a gift or settlement being made to the trustee on behalf of the, as yet unformed, trust. A solicitor draws up a Trust Deed setting out the powers and formalizing the administration of the trust. The trust has beneficiaries rather than shareholders as in a company, who are entitled to distributions of capital and/or income and these distributions, are controlled by the trustee.
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    The distribution made to beneficiaries are subject to income tax as part of their personal income and are liable for provisional tax on these distributions. Citizens and residents of other countries may incorporate in the United Kingdom through the standard incorporation procedures set forth by each state. Provides UK company formations, trademark registration, registered office facilities and company secretary services. Professional company formation, register your company online, we may establish new business at one day. An online guide to starting up and expanding your business.
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    This is one of our most popular packages with worldwide customers, and includes: -

  • EQUICK-4 zvezdy :-****
  • Pomeniat' sro4no. Eto economy4 zvezdy. -

  • ECooonooomyy-4 zvezdy :-****
  • Premier blablabla 4 zvezdy. -

  • premier-4 zvezdy;)
  • Our Deluxe package is a fast and easy option, it is ideal for the UK, EU, and international small to medium businesses who wish to appoint a nominee director and a nominee secretary in order to maintain the anonymity of the real owner, and it includes: -

  • Incorporation of your company from scratch using one of our registered office addresses in London, our nominee director and nominee secretary. We can appoint your own candidate(s) to the role of shareholder(s), or you can appoint a nominee sharholder provided by Coddan;
  • The standard capital on formation is £1.00, this is divided into 1.00 ordinary share valued at £1.00 (a minimum of one share must be issued);
  • The formation of a limited company usually takes as little as four to six hours from the time that your application and payment are received by Coddan;
  • The government fee for incorporation is included in the price of this package;
    • The provision of a registered office address for 12 months is included in the price of this package (our registered office address service is charged annually);
    • The provision of a nominee secretary for 12 months is included in the price of this package (our nominee secretary service is charged annually);
    • The provision of a nominee director for 12 months is also included in the price of this package (our nominee director service is charged annually);

    The following two hard bound copies of corporate documents, will be send by post to you upon formation of your private limited company: -

  • A laminated copy of the certificate of incorporation of your company;
  • A hard bound copy of the memorandum and articles of association;
  • A hard bound copy of the minutes of the first meeting of directors;
  • Share certificates, and your company register;
  • The general power of attorney signed by a nominee director;
  • Pre-signed, undated resignation letter from a nominee director;
  • The agreement for the provision of nominee service and indemnification of nominee.
  • 2 zdezda deluxe. -

  • 2 zdezda deluxe)
  • 3 zdezda deluxe. -

  • 3 zdezda deluxe
  • 4 zdezda deluxe -

  • 4444444
  • This is our most popular package with the UK residents, and includes: -

  • The registration of your company from scratch using your own registered office address, and appoint your own candidates to the roles of director, secretary (if needed), and shareholder;
  • The standard capital on formation is £1.00, this is divided into 1.00 ordinary share valued at £1.00 (a minimum of one share must be issued);
  • The formation of a limited company usually takes as little as four to six hours from the time that your application and payment are received by Coddan;
  • The government fee for incorporation is included in the price of this package;
  • The following documents, which need to be printed and signed, will be e-mailed to you upon formation of your company: -

  • A certificate of incorporation (requires PDF file reader);
  • The memorandum & articles of association (requires PDF file reader);
  • The first meeting of the board of directors (requires PDF file reader);
  • Share certificates and a company register (requires PDF file reader).
  • *If you do not have an a valid address in the UK, which can be used as the registered office address for your company, please check our Economy package. The non-UK address cannot be acceptable as the office address for the UK company.

    This is our most popular package with the UK and EU residents, and includes: -

  • The registration your company from scratch using one of our registered office addresses, and appoint your own candidates to the roles of director, secretary (if needed), and shareholder;
  • The standard capital on formation is £1.00, this is divided into 1.00 ordinary share valued at £1.00 (a minimum of one share must be issued);
  • The formation of a limited company usually takes as little as four to six hours from the time that your application and payment are received by Coddan;
  • The government fee for incorporation is included in the price of this package;
    • The provision of a registered office address for 12 months is also included in the price of this package (our registered office address service is charged annually);

    The following documents, which need to be printed and signed, will be e-mailed to you upon formation of your company: -

  • A certificate of incorporation (requires PDF file reader);
  • The memorandum & articles of association (requires PDF file reader);
  • The first meeting of the board of directors (requires PDF file reader);
  • Share certificates and a company register (requires PDF file reader).
  • This is another one very popular package with worldwide customers, and includes: -

  • The formation of a company limited by guarantee usually takes as little as five to seven working days from the time that your application and payment are received by Coddan;
  • The incorporation your BVI company limited by guarantee from scratch using our registered agent & registered office address, and appoint your own candidate to the role of a members;
  • The government and initiation fees for incorporation are included in the price of this package;
  • The search for a company name availability, confirmation, and reservation;
  • An original certificate of incorporation
  • A hard bound copy of the memorandum & articles of association
  • The preparation and submission of the memorandum and articles of association;
  • A local registered office address and a local registered agent for 12 months are included in the price of this package (our registered agent & office address service are charged annually);
  • The provision of a nominee director for one year is also included in the price of this package (our nominee director service is charged annually);

  • To receive an original of the certificate of incorporation from the Companies Registrar usually takes as little as two to three days from the time of incorporation.
  • The following hard bound copy of corporate documents, will be posted to you upon formation of your company limited by guarantee: -

  • An original certificate of incorporation;
  • A hard bound copy of the memorandum and articles of association;
  • The minutes of the first meeting of the board of directors;
  • A completed register of directors and members;
  • An elegant printed membership certificates;
  • A pliers seal.
  • The general power of attorney signed by a nominee director (additional fee applies);
  • Pre-signed, undated resignation letter from a nominee director;
  • The agreement for the provision of a nominee service and indemnification of nominee.
  • This is our most popular package with international customers, and includes: -

  • The formation of a company limited by guarantee usually takes as little as five to seven working days from the time that your application and payment are received by Coddan;
  • The registration your BVI company limited by guarantee from scratch using our registered agent & registered office address, and appoint our own candidates to the role of a nominee director and a nominee member;
  • The government and initiation fees for incorporation are included in the price of this package;
  • The search for a company name availability, confirmation, and reservation;
  • The preparation and submission of the memorandum and articles of association;
  • A local registered office address and a local registered agent for one year are included in the price of this package (our registered agent & office address service are charged annually);
  • The provision of a nominee director for 12 months is included in the price of this package (our nominee director service is charged annually);
  • A completed register of directors and members
  • The provision of a nominee member for 12 months is also included in the price of this package (our nominee member service is charged annually);

  • To receive an original of the certificate of incorporation from the Companies Registrar usually takes as little as two to three days from the time of incorporation.
  • The following hard bound copy of corporate documents, will be posted to you upon formation of your company limited by guarantee: -

  • An original certificate of incorporation;
  • A hard bound copy of the memorandum and articles of association;
  • The minutes of the first meeting of the board of directors;
  • A completed register of directors and members;
  • An elegant printed membership certificates;
  • A pliers seal.
  • Pre-signed, undated letters of resignation from a nominee director and a nominee member;
  • A general power of attorney signed by a nominee director (additional fee applies);
  • A declaration of trust from a nominee member;
  • An indemnity letter for the power of attorney;
  • A nominee agreement which provides for the indemnification of the nominees.
  • This is another one of our most popular packages for small and medium size businesses, such as those being run by a sole director from home, and for companies owned by overseas residents who still need a local registered office address, but would rather not open a local office in the UK;

    This package is often chosen by such customers, who are looking to minimise a sole director' personal liability (and who are not quite familiar with the UK corporate legislation), because this package includes thye provision of a nominee secretary for 12 months. This package is also includes: -

  • The registration your company from scratch using one of our registered office addresses, and appoint your own candidates to the roles of director, and shareholder;
  • The standard capital on formation is £1.00, this is divided into 1.00 ordinary share valued at £1.00 (a minimum of one share must be issued);
  • The formation of a limited company usually takes as little as four to six hours from the time that your application and payment are received by Coddan;
  • The government fee for incorporation is included in the price of this package;
    • The provision of a registered office address for 12 months is included in the price of this package (our registered office address service is charged annually);
    • The provision of a nominee secretary for 12 months is also included in the price of this package (our nominee secretary service is charged annually);

    The following hard bound copy of the corporate documents, will be send by post to you, upon formation of your private limited company: -

  • A laminated copy of the certificate of incorporation of your company;
  • A hard bound copy of the memorandum and articles of association;
  • A hard bound copy of the minutes of the first meeting of directors;
  • Share certificates, and your company register.
  • This is another one very popular package with worldwide customers, and includes: -

  • The formation of a limited partnership usually takes as little as five to seven working days from the time that your application and payment are received by Coddan;
  • The incorporation your BVI offshore limited partnership from scratch using our registered agent & registered office address, and appoint your own candidate to the role of a general partner;
  • The government and initiation fees for registration are included in the price of this package;
  • The search for a limited partnership name availability, confirmation, and reservation;
  • The preparation and submission of the partnership agreement;
  • A local registered office address and a local registered agent for 12 months are included in the price of this package (our registered agent & office address service are charged annually);
  • The provision of a nominee limited partner for one year is also included in the price of this package (our nominee limited partner service is charged annually);

  • To receive an original of the certificate of incorporation from the Companies Registrar usually takes as little as two to three days from the time of incorporation.
  • The following hard bound copy of corporate documents, will be posted to you upon formation of your offshore company: -

  • An original certificate of incorporation;
  • A hard bound copy of the partnership agreement;
  • The minutes of the first meeting of the board of partners;
  • A completed register of partners;
  • An elegant printed membership certificates;
  • A pliers seal;
  • The general power of attorney signed by a nominee limited partner (additional fee applies);
  • Pre-signed, undated resignation letter from a nominee limited partner;
  • The agreement for the provision of a nominee service and indemnification of nominee.
  • This is our most popular package with international customers, and includes: -

    This is our most popular package with international customers, and includes: -

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    Organization Structures Business, Incorporate Your Business Online, Incorporation Services at Affordable Prices, Learn About Incorporating and How to IncorporateSetting up a Business in United Kingdom, Incorporatin Business, Forming an LLC, Incorporate online in Delaware, Nevada, London, Florida, New YorkCompany UK Formation, Online UK Company Formation Agents, Plus a Wide Range of Ready-Made Companies Available and Vintage CompaniesWhat are the Advantages of Incorporation? You Can Now Form Your UK Limited Company Online Using Our Company Registration AgentHow Do I Get Started With the Registration Process? Company Formation & Registration of Offshore Companies Incorporation ServiceUK Limited Company Formation and Offshore Companies Incorporation Service, We Provide Online New Company Formations and Offshore Readymade CorporationSetting up a Business in United Kingdom, Cheap IBC Incorporation Offshore Anonymous Banking Internet Offshore Bank AccountUK Company Formation, Online Company Registration Agent Offering Same-Day Company Formation, Business BankingServices Include Companies Formation and Administration, Trademark, Intellectual Property, Company Search ServicesAn On-Line Resource to Setting-Up a Private Limited Company Without Hiring a Solicitor or Formation AgenStarting a Business Information, Advice and Information for Starting a New Business in the UK Including UK Business Start-UpHelp in Starting Up a Business Up-to-Date Advice and Strategies, Start Your Own Business and Gain Your Independence!Incorporate a Business in Any State, London, Glasgow, Form an LLC, Conduct a Trademark Search OnlineSmall Business Resources for Starting a Small Business, Small Business Marketing
    Financial Services and Markets Act 2000
    2000 Chapter c.8 - continued

    back to previous text
     
     PART XXVIII
     MISCELLANEOUS
     
    Schemes for reviewing past business
    Schemes for reviewing past business.    404. - (1) Subsection (2) applies if the Treasury are satisfied that there is evidence suggesting-
     
     
      (a) that there has been a widespread or regular failure on the part of authorised persons to comply with rules relating to a particular kind of activity; and
     
      (b) that, as a result, private persons have suffered (or will suffer) loss in respect of which authorised persons are (or will be) liable to make payments ("compensation payments").
         (2) The Treasury may by order ("a scheme order") authorise the Authority to establish and operate a scheme for-
     
     
      (a) determining the nature and extent of the failure;
     
      (b) establishing the liability of authorised persons to make compensation payments; and
     
      (c) determining the amounts payable by way of compensation payments.
         (3) An authorised scheme must be made so as to comply with specified requirements.
     
         (4) A scheme order may be made only if-
     
     
      (a) the Authority has given the Treasury a report about the alleged failure and asked them to make a scheme order;
     
      (b) the report contains details of the scheme which the Authority propose to make; and
     
      (c) the Treasury are satisfied that the proposed scheme is an appropriate way of dealing with the failure.
         (5) A scheme order may provide for specified provisions of or made under this Act to apply in relation to any provision of, or determination made under, the resulting authorised scheme subject to such modifications (if any) as may be specified.
     
         (6) For the purposes of this Act, failure on the part of an authorised person to comply with any provision of an authorised scheme is to be treated (subject to any provision made by the scheme order concerned) as a failure on his part to comply with rules.
     
         (7) The Treasury may prescribe circumstances in which loss suffered by a person ("A") acting in a fiduciary or other prescribed capacity is to be treated, for the purposes of an authorised scheme, as suffered by a private person in relation to whom A was acting in that capacity.
     
         (8) This section applies whenever the failure in question occurred.
     
         (9) "Authorised scheme" means a scheme authorised by a scheme order.
     
         (10) "Private person" has such meaning as may be prescribed.
     
         (11) "Specified" means specified in a scheme order.
     
     
    Third countries
    Directions.    405. - (1) For the purpose of implementing a third country decision, the Treasury may direct the Authority to-
     
     
      (a) refuse an application for permission under Part IV made by a body incorporated in, or formed under the law of, any part of the United Kingdom;
     
      (b) defer its decision on such an application either indefinitely or for such period as may be specified in the direction;
     
      (c) give a notice of objection to a person who has served a notice of control to the effect that he proposes to acquire a 50% stake in a UK authorised person; or
     
      (d) give a notice of objection to a person who has acquired a 50% stake in a UK authorised person without having served the required notice of control.
         (2) A direction may also be given in relation to-
     
     
      (a) any person falling within a class specified in the direction;
     
      (b) future applications, notices of control or acquisitions.
         (3) The Treasury may revoke a direction at any time.
     
         (4) But revocation does not affect anything done in accordance with the direction before it was revoked.
     
         (5) "Third country decision" means a decision of the Council or the Commission under-
     
     
      (a) Article 7(5) of the investment services directive;
     
      (b) Article 9(4) of the second banking co-ordination directive;
     
      (c) Article 29b(4) of the first non-life insurance directive; or
     
      (d) Article 32b(4) of the first life insurance directive.
    Interpretation of section 405.    406. - (1) For the purposes of section 405, a person ("the acquirer") acquires a 50% stake in a UK authorised person ("A") on first falling within any of the cases set out in subsection (2).
     
         (2) The cases are where the acquirer-
     
     
      (a) holds 50% or more of the shares in A;
     
      (b) holds 50% or more of the shares in a parent undertaking ("P") of A;
     
      (c) is entitled to exercise, or control the exercise of, 50% or more of the voting power in A; or
     
      (d) is entitled to exercise, or control the exercise of, 50% or more of the voting power in P.
         (3) In subsection (2) "the acquirer" means-
     
     
      (a) the acquirer;
     
      (b) any of the acquirer's associates; or
     
      (c) the acquirer and any of his associates.
         (4) "Associate", "shares" and "voting power" have the same meaning as in section 422.
     
    Consequences of a direction under section 405.    407. - (1) If the Authority refuses an application for permission as a result of a direction under section 405(1)(a)-
     
     
      (a) subsections (7) to (9) of section 52 do not apply in relation to the refusal; but
     
      (b) the Authority must notify the applicant of the refusal and the reasons for it.
         (2) If the Authority defers its decision on an application for permission as a result of a direction under section 405(1)(b)-
     
     
      (a) the time limit for determining the application mentioned in section 52(1) or (2) stops running on the day of the deferral and starts running again (if at all) on the day the period specified in the direction (if any) ends or the day the direction is revoked; and
     
      (b) the Authority must notify the applicant of the deferral and the reasons for it.
         (3) If the Authority gives a notice of objection to a person as a result of a direction under section 405(1)(c) or (d)-
     
     
      (a) sections 189 and 191 have effect as if the notice was a notice of objection within the meaning of Part XII; and
     
      (b) the Authority must state in the notice the reasons for it.
    EFTA firms.    408. - (1) If a third country decision has been taken, the Treasury may make a determination in relation to an EFTA firm which is a subsidiary undertaking of a parent undertaking which is governed by the law of the country to which the decision relates.
     
         (2) "Determination" means a determination that the firm concerned does not qualify for authorisation under Schedule 3 even if it satisfies the conditions in paragraph 13 or 14 of that Schedule.
     
         (3) A determination may also be made in relation to any firm falling within a class specified in the determination.
     
         (4) The Treasury may withdraw a determination at any time.
     
         (5) But withdrawal does not affect anything done in accordance with the determination before it was withdrawn.
     
         (6) If the Treasury make a determination in respect of a particular firm, or withdraw such a determination, they must give written notice to that firm.
     
         (7) The Treasury must publish notice of any determination (or the withdrawal of any determination)-
     
     
      (a) in such a way as they think most suitable for bringing the determination (or withdrawal) to the attention of those likely to be affected by it; and
     
      (b) on, or as soon as practicable after, the date of the determination (or withdrawal).
         (8) "EFTA firm" means a firm, institution or undertaking which-
     
     
      (a) is an EEA firm as a result of paragraph 5(a), (b) or (d) of Schedule 3; and
     
      (b) is incorporated in, or formed under the law of, an EEA State which is not a member State.
         (9) "Third country decision" has the same meaning as in section 405.
     
    Gibraltar.    409. - (1) The Treasury may by order-
     
     
      (a) modify Schedule 3 so as to provide for Gibraltar firms of a specified description to qualify for authorisation under that Schedule in specified circumstances;
     
      (b) modify Schedule 3 so as to make provision in relation to the exercise by UK firms of rights under the law of Gibraltar which correspond to EEA rights;
     
      (c) modify Schedule 4 so as to provide for Gibraltar firms of a specified description to qualify for authorisation under that Schedule in specified circumstances;
     
      (d) modify section 264 so as to make provision in relation to collective investment schemes constituted under the law of Gibraltar;
     
      (e) provide for the Authority to be able to give notice under section 264(2) on grounds relating to the law of Gibraltar;
     
      (f) provide for this Act to apply to a Gibraltar recognised scheme as if the scheme were a scheme recognised under section 264.
         (2) The fact that a firm may qualify for authorisation under Schedule 3 as a result of an order under subsection (1) does not prevent it from applying for a Part IV permission.
     
         (3) "Gibraltar firm" means a firm which has its head office in Gibraltar or is otherwise connected with Gibraltar.
     
         (4) "Gibraltar recognised scheme" means a collective investment scheme-
     
     
      (a) constituted in an EEA State other than the United Kingdom, and
     
      (b) recognised in Gibraltar under provisions which appear to the Treasury to give effect to the provisions of a relevant Community instrument.
         (5) "Specified" means specified in the order.
     
         (6) "UK firm" and "EEA right" have the same meaning as in Schedule 3.
     
     
    International obligations
    International obligations.    410. - (1) If it appears to the Treasury that any action proposed to be taken by a relevant person would be incompatible with Community obligations or any other international obligations of the United Kingdom, they may direct that person not to take that action.
     
         (2) If it appears to the Treasury that any action which a relevant person has power to take is required for the purpose of implementing any such obligations, they may direct that person to take that action.
     
         (3) A direction under this section-
     
     
      (a) may include such supplemental or incidental requirements as the Treasury consider necessary or expedient; and
     
      (b) is enforceable, on an application made by the Treasury, by injunction or, in Scotland, by an order for specific performance under section 45 of the Court of Session Act 1988.
         (4) "Relevant person" means-
     
     
      (a) the Authority;
     
      (b) any person exercising functions conferred by Part VI on the competent authority;
     
      (c) any recognised investment exchange (other than one which is an overseas investment exchange);
     
      (d) any recognised clearing house (other than one which is an overseas clearing house);
     
      (e) a person included in the list maintained under section 301; or
     
      (f) the scheme operator of the ombudsman scheme.
     
    Tax treatment of levies and repayments
    Tax treatment of levies and repayments.    411. - (1) In the Income and Corporation Taxes Act 1988 ("the 1988 Act"), in section 76 (expenses of management: insurance companies), for subsections (7) and (7A) substitute-
     
     
        "(7) For the purposes of this section any sums paid by a company by way of a levy shall be treated as part of its expenses of management.
     
         (7A) "Levy" means-
     
     
      (a) a payment required under rules made under section 136(2) of the Financial Services and Markets Act 2000 ("the Act of 2000");
     
      (b) a levy imposed under the Financial Services Compensation Scheme;
     
      (c) a payment required under rules made under section 234 of the Act of 2000;
     
      (d) a payment required in accordance with the standard terms fixed under paragraph 18 of Schedule 17 to the Act of 2000."
         (2) After section 76 of the 1988 Act insert-
     
     
    "Levies and repayments under the Financial Services and Markets Act 2000.    76A. - (1) In computing the amount of the profits to be charged under Case I of Schedule D arising from a trade carried on by an authorised person (other than an investment company)-
     
      (a) to the extent that it would not be deductible apart from this section, any sum expended by the authorised person in paying a levy may be deducted as an allowable expense;
     
      (b) any payment which is made to the authorised person as a result of a repayment provision is to be treated as a trading receipt.
         (2) "Levy" has the meaning given in section 76(7A).
     
         (3) "Repayment provision" means any provision made by virtue of-
     
     
      (a) section 136(7) of the Financial Services and Markets Act 2000 ("the Act of 2000");
     
      (b) section 214(1)(e) of the Act of 2000.
         (4) "Authorised person" has the same meaning as in the Act of 2000.
     
    Levies and repayments under the Financial Services and Markets Act 2000: investment companies.    76B. - (1) For the purposes of section 75 any sums paid by an investment company-
     
     
      (a) by way of a levy, or
     
      (b) as a result of an award of costs under costs rules,
     shall be treated as part of its expenses of management.
     
         (2) If a payment is made to an investment company as a result of a repayment provision, the company shall be charged to tax under Case VI of Schedule D on the amount of that payment.
     
         (3) "Levy" has the meaning given in section 76(7A).
     
         (4) "Costs rules" means-
     
     
      (a) rules made under section 230 of the Financial Services and Markets Act 2000;
     
      (b) provision relating to costs contained in the standard terms fixed under paragraph 18 of Schedule 17 to that Act.
         (5) "Repayment provision" has the meaning given in section 76A(3)."
     
     
    Gaming contracts
    Gaming contracts.    412. - (1) No contract to which this section applies is void or unenforceable because of-
     
     
      (a) section 18 of the Gaming Act 1845, section 1 of the Gaming Act 1892 or Article 170 of the Betting, Gaming, Lotteries and Amusements (Northern Ireland) Order 1985; or
     
      (b) any rule of the law of Scotland under which a contract by way of gaming or wagering is not legally enforceable.
         (2) This section applies to a contract if-
     
     
      (a) it is entered into by either or each party by way of business;
     
      (b) the entering into or performance of it by either party constitutes an activity of a specified kind or one which falls within a specified class of activity; and
     
      (c) it relates to an investment of a specified kind or one which falls within a specified class of investment.
         (3) Part II of Schedule 2 applies for the purposes of subsection (2)(c), with the references to section 22 being read as references to that subsection.
     
         (4) Nothing in Part II of Schedule 2, as applied by subsection (3), limits the power conferred by subsection (2)(c).
     
         (5) "Investment" includes any asset, right or interest.
     
         (6) "Specified" means specified in an order made by the Treasury.
     
     
    Limitation on powers to require documents
    Protected items.    413. - (1) A person may not be required under this Act to produce, disclose or permit the inspection of protected items.
     
         (2) "Protected items" means-
     
     
      (a) communications between a professional legal adviser and his client or any person representing his client which fall within subsection (3);
     
      (b) communications between a professional legal adviser, his client or any person representing his client and any other person which fall within subsection (3) (as a result of paragraph (b) of that subsection);
     
      (c) items which-
     
        (i) are enclosed with, or referred to in, such communications;
     
        (ii) fall within subsection (3); and
     
        (iii) are in the possession of a person entitled to possession of them.
         (3) A communication or item falls within this subsection if it is made-
     
     
      (a) in connection with the giving of legal advice to the client; or
     
      (b) in connection with, or in contemplation of, legal proceedings and for the purposes of those proceedings.
         (4) A communication or item is not a protected item if it is held with the intention of furthering a criminal purpose.
     
     
    Service of notices
    Service of notices.    414. - (1) The Treasury may by regulations make provision with respect to the procedure to be followed, or rules to be applied, when a provision of or made under this Act requires a notice, direction or document of any kind to be given or authorises the imposition of a requirement.
     
         (2) The regulations may, in particular, make provision-
     
     
      (a) as to the manner in which a document must be given;
     
      (b) as to the address to which a document must be sent;
     
      (c) requiring, or allowing, a document to be sent electronically;
     
      (d) for treating a document as having been given, or as having been received, on a date or at a time determined in accordance with the regulations;
     
      (e) as to what must, or may, be done if the person to whom a document is required to be given is not an individual;
     
      (f) as to what must, or may, be done if the intended recipient of a document is outside the United Kingdom.
         (3) Subsection (1) applies however the obligation to give a document is expressed (and so, in particular, includes a provision which requires a document to be served or sent).
     
         (4) Section 7 of the Interpretation Act 1978 (service of notice by post) has effect in relation to provisions made by or under this Act subject to any provision made by regulations under this section.
     
     
    Jurisdiction
    Jurisdiction in civil proceedings.    415. - (1) Proceedings arising out of any act or omission (or proposed act or omission) of-
     
     
      (a) the Authority,
     
      (b) the competent authority for the purposes of Part VI,
     
      (c) the scheme manager, or
     
      (d) the scheme operator,
     in the discharge or purported discharge of any of its functions under this Act may be brought before the High Court or the Court of Session.
     
         (2) The jurisdiction conferred by subsection (1) is in addition to any other jurisdiction exercisable by those courts.
     
     
    Removal of certain unnecessary provisions
    Provisions relating to industrial assurance and certain other enactments.    416. - (1) The following enactments are to cease to have effect-
     
     
      (a) the Industrial Assurance Act 1923;
     
      (b) the Industrial Assurance and Friendly Societies Act 1948;
     
      (c) the Insurance Brokers (Registration) Act 1977.
         (2) The Industrial Assurance (Northern Ireland) Order 1979 is revoked.
     
         (3) The following bodies are to cease to exist-
     
     
      (a) the Insurance Brokers Registration Council;
     
      (b) the Policyholders Protection Board;
     
      (c) the Deposit Protection Board;
     
      (d) the Board of Banking Supervision.
         (4) If the Treasury consider that, as a consequence of any provision of this section, it is appropriate to do so, they may by order make any provision of a kind that they could make under this Act (and in particular any provision of a kind mentioned in section 339) with respect to anything done by or under any provision of Part XXI.
     
         (5) Subsection (4) is not to be read as affecting in any way any other power conferred on the Treasury by this Act.
     
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