Commentary on provisions of Act Section 3: Power to assimilate with company law: common seals and execution of documents
This section extends the power in section 104(1) of the 1986 Act which enables HM Treasury to modify certain parts of the 1986 Act for the purpose of assimilating company law by making regulations subject to the affirmative resolution procedure. The section inserts a new paragraph (aa) into section 104(2) to bring Part 2 of the Act into the scope of the power, but the insertion of a new subsection (3A) ensures that the new power is only exercisable in so far as it relates to the assimilation of company law in relation to common seals and the execution of documents.