Statutory Instruments
2007 No. 2242
companies
The Companies (Interest Rate for Unauthorised Political Donation or Expenditure) Regulations 2007
Made
25th July 2007
Coming into force in accordance with regulation 1(2)
The Secretary of State makes the following Regulations in exercise of the powers conferred by sections 369(5)(b) and 1167 of the Companies Act 2006( 1 ).
Citation and commencement
1. —(1) These Regulations may be cited as the Companies (Interest Rate for Unauthorised Political Donation or Expenditure) Regulations 2007.
(2) These Regulations shall come into force on 1st October 2007 for the purpose of their application to Great Britain and on 1st November 2007 for the purpose of their application to Northern Ireland.
Rate of Interest
2. For the purposes of section 369(5)(b) of the Companies Act 2006 the rate of interest shall be 8% per annum.
Stephen Timms
Minister of State for Competitiveness
Department for Business, Enterprise and Regulatory Reform
25th July 2007