UK: the Companies (Authorised Minimum) Regulations 2009

The Companies (Authorised Minimum) Regulations 2009 were laid before Parliament last week and come into force on 1 October. A copy of the Regulations is now available on OPSI: see here (html) and here (pdf). In the accompanying explanatory memorandum the purpose of the Regulations is explained as follows:

The Regulations provide a euro figure and rules necessary for certain provisions of the Companies Act 2006, which refer to the 'authorised minimum' share capital requirement for public companies. The euro figure replaces the one currently fixed in the Companies (Authorised Minimum) Regulations 2008 (SI 2008/729), and the rules correspond to those provided in those Regulations for provisions in the Companies Act 1985 and the Companies (Northern Ireland) Order 1986".