The Financial Services Act 1986 (Commencement) (No. 14) Order 1999
This Order brings into force, on 10th May 1999, section 212(3) of, and Schedule 17 to, the Financial Services Act 1986 to the extent necessary to repeal certain provisions of the Companies Act 1985. The repeals are of–sections 82 and 83 of the 1985 Act (which concern the timing of the allotment of a company’s shares or debentures in pursuance of a prospectus issued generally, and provide that no allotment is to be made unless a minimum subscription is received), except for the purposes of prospectuses to which regulation 8 of the Public Offers of Securities Regulations 1995 applies; andsections 86 and 87 of the 1985 Act (which concern the situation where a prospectus states that an application has been or will be made for permission for the shares or debentures to be listed on a stock exchange, but no such application is made or the application is refused), for all remaining purposes.