The
Overseas Companies (Execution of Documents and Registration of Charges) Regulations 2009 were made on 16 July, laid before Parliament a day later, and are scheduled to come into force on 1 October 2009. The Regulations were published on
OPSI yesterday: see
here (
html) and
here (
pdf). The accompanying
explanatory memorandum explains the purpose of the Regulations as follows:
- to provide for the formalities of doing business under UK law by companies incorporated outside the United Kingdom; and
- to ensure that the public record for every overseas company that is registered with Companies House includes essential information about the company’s use of its property in the United Kingdom as security for borrowing.
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