
1 

(1) These Regulations may be cited as the Companies (1986 Order) (Disclosure of Branches and Bank Accounts) Regulations (Northern Ireland) 1993 and shall come into operation on 8th June 1993.
(2) In these Regulations “the 1986 Order” means the Companies (Northern Ireland) Order 1986.
2 
Schedule 7 to the 1986 Order is amended by inserting at the end of paragraph 6(c)—“
 , and
(d) (unless the company is an unlimited company) an indication of the existence of branches (as defined in Article 648(2)) of the company outside the United Kingdom.”
 and by omitting the word “and” at the end of paragraph 6(b).
3 
Article 236 of the 1986 Order (exemption for parent companies included in accounts of larger group) is amended by inserting at the end of paragraph (2)(b) the words “(where applicable as modified by the provisions of the Bank Accounts Directive (86/635/EEC))”.
4 
Article 263A of the 1986 Order (special provisions for banking and insurance groups) is amended by the substitution, in paragraph (4)(b)(ii), of the words “credit institutions” for the words “banking companies”.
5 
Article 263B of the 1986 Order (modification of disclosure requirements in relation to banking company or group) is amended by the substitution, in paragraph (1), of the words “parent company of a banking group” for the words “parent company of a banking company”.
6 
Article 270 of the 1986 Order (minor definitions) is amended by the substitution in paragraph (1), of the following for the definition of “credit institution”—“
 “credit institution” means a credit institution as defined in article 1 of the First Council Directive on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions (77/780/EEC), that is to say an undertaking whose business is to receive deposits or other repayable funds from the public and to grant credits for its own account;”.
7 
The directors of a company (including a body corporate, or unincorporated body of persons, to which Part VIII of the 1986 Order is applied by virtue of any statutory provision):
(a) need not comply with paragraph 6(d) of Schedule 7 to the 1986 Order (as inserted by regulation 2) in preparing a directors' report under Article 242 of that Order for a financial year of the company commencing on a date prior to 8th June 1993; and
(b) may prepare annual accounts under Part VIII of the 1986 Order for a financial year of the company commencing on a date prior to 8th June 1993 as if the amendments to Articles 263A, 263B and 270 of the 1986 Order effected by regulations 4, 5 and 6 had not been made.
Sealed with the Official Seal of the Department of Economic Development on 19th April 1993.
A. L. Brown
Assistant Secretary
