Companies Act 2006 (Consequential Amendments) (Uncertificated Securities) Order 2009

To answer the noble Lord, Lord De Mauley, one further change will incorporate the settlements of shares and the open-ended investment of companies into the CREST system. He asked whether these were to be the last instruments to be made as part of the implementation of the Companies Act 2006. I am sure that he will be pleased to know that we expect to lay two further draft affirmative instruments relating to sensitive company names. We also expect to make further instruments, subject to negative resolution, by early September, including the registrar company fees regulations. On consolidation, the noble Lord, Lord Razzall, is correct that we will make further amendments. I take his point about complexity. We have to make consequential amendments because the law that they amend would no longer work properly without them. In other cases where legislation refers to provisions of the Companies Act 1985, which has been repealed, the consequential amendments will help those using the legislation—that is what it says here. Without the amendments, the reader may not be aware of relevant changes to company law. We are also ensuring that policy changes within the Companies Act 2006 are applied to other relevant legislation. Motion agreed.