The Financial Services Act 1986 (Exemption) Order 1999
This Order replaces the current exemption of the Commonwealth Development Corporation (to be renamed CDC Group plc) relieving that body of the need to be authorised for the purposes of the Financial Services Act 1986 (c. 60). This reflects the fact that the Commonwealth Development Corporation Act 1978 (c. 2) referred to in the current exemption is to be substantially repealed by the Commonwealth Development Corporation Act 1999 (c. 20). This Order comes into force at the time when CDC Group plc’s memorandum and articles of association are registered by the Registrar of Companies pursuant to section 4 of the 1999 Act.