Commentary Part 22: Information about Interests in Company’s Shares.Background Section 796: Notice requiring information: persons exempted from obligation to comply
1119.This section re-enacts section 216(5) of the 1985 Act. It provides that the Secretary of State may exempt a person from complying with a notice. The Secretary of State must consult the Governor of the Bank of England, and must be satisfied that there are special reasons for exempting the person (taking account of any undertaking given).