New Clause 42
Company Law Reform Bill [Lords]
Information rights: power to amend
‘(1) The Secretary of State may by regulations amend the provisions of sections (Traded companies: nomination of persons to enjoy information rights) to (Information rights: status of rights) (information rights) so as to—
(a) extend or restrict the classes of companies to which section (Traded companies: nomination of persons to enjoy information rights) applies,
(b) make other provision as to the circumstances in which a nomination may be made under that section, or
(c) extend or restrict the rights conferred by such a nomination.
(2) The regulations may make such consequential modifications of any other provisions of this Part, or of any other enactment, as appear to the Secretary of State to be necessary.
(3) Regulations under this section are subject to affirmative resolution procedure.’—[Margaret Hodge.]