ADGM English Law Regulations — full text, ADGM Regulations 2015

§Preamble

APPLICATION OF ENGLISH LAW REGULATIONS 2015

(CONSOLIDATED VERSION 17 MARCH 2022)

APPLICATION OF ENGLISH LAW REGULATIONS 2015

Regulations to apply English common law (including equity) and certain statutes in the Abu

Dhabi Global Market and to make provision for connected purposes.

Date of Enactment: 3 March 2015

The Board of Directors of the Abu Dhabi Global Market, in exercise of its powers under Article 6(1) of Law No. 4 of 2013 concerning the Abu Dhabi Global Market issued by His Highness the Ruler of the Emirate of Abu Dhabi, hereby enacts the following Regulations -

§Section 1 — Application of common law and equity

(1) The common law of England (including the principles and rules of equity), as it stands from time to time, shall apply and have legal force in, and form part of the law of, the Abu Dhabi Global Market -

(a) so far as it is applicable to the circumstances of the Abu Dhabi Global Market;

(b) subject to such modifications as those circumstances require;

(c) subject to any amendment thereof (whenever made) pursuant to any Abu Dhabi Global Market enactment; and

(d) notwithstanding any amendment thereof as part of the law of England made pursuant to an Act or any legislative instrument adopted thereunder at any time after the date of enactment of these Regulations, which amendment shall not apply and have legal force in, or form part of the law of, the Abu Dhabi Global Market, unless and until an Abu Dhabi Global Market enactment expressly provides that it applies and has legal force in, and forms part of the law of, the Abu Dhabi Global Market.

(2) Subsection (1) is subject to any contrary provision in any Applicable Abu Dhabi Law or Abu Dhabi Global Market enactment. In the event of any conflict or inconsistency between (a) a provision, rule or principle of the common law of England (including the principles and rules of equity) and (b) any provision, rule or principle of any Applicable Abu Dhabi Law or Abu Dhabi Global Market enactment, the latter shall prevail.

(3) Where a particular rule or principle of the common law of England (including the principles and rules of equity) has been abolished by a provision of an Act or any legislative instrument adopted thereunder, which provision does not apply in, have legal force in, and form part of the law of, the Abu Dhabi Global Market pursuant to the Schedule, that rule or principle shall, notwithstanding such abolition but subject to subsection (1), apply and have legal force in, and form part of the law of, the Abu Dhabi Global Market.

(4) Where a particular rule or principle of the common law of England (including the principles and rules of equity) has been modified by a provision of an Act or any legislative instrument adopted thereunder, which provision does not apply in, have legal force in, and form part of the law of, the Abu Dhabi Global Market pursuant to the Schedule, that rule or principle shall, notwithstanding such modification but subject to subsection (1), apply and have legal force in, and form part of the law of, the Abu Dhabi Global Market without giving effect to any such modification.

§Section 2 — Application of certain statutes

(1) The Acts specified in the first column of the Schedule, as and to the extent in force in England at the date of enactment of these Regulations or at the date of such amendments to these Regulations as are set out in the first column of the Schedule, shall apply and have legal force in, and form part of the law of, the Abu Dhabi Global Market -

(a) to the extent specified in the second column thereof and subject to any omissions, insertions and modifications set out in that column;

(b) subject to any amendment thereof (whenever made) pursuant to any Applicable Abu Dhabi Law or an Abu Dhabi Global Market enactment; and

(c) notwithstanding any amendment thereof as part of the law of England made pursuant to an Act or any legislative instrument adopted thereunder at any time after the date of enactment of these Regulations, which amendment shall not apply and have legal force in, or form part of the law of, the Abu Dhabi Global Market, unless and until an Abu Dhabi Global Market enactment expressly provides that it applies and has legal force in, and forms part of the law of, the Abu Dhabi Global Market.

(2) Subsection (1) is subject to any contrary provision in any Applicable Abu Dhabi Law or Abu Dhabi Global Market enactment. In the event of any conflict or inconsistency between (a) a provision of any Act applicable in the Abu Dhabi Global Market by virtue of subsection (1), and (b) any provision, rule or principle of any Applicable Abu Dhabi Law or Abu Dhabi Global Market enactment, the latter shall prevail.

(3) In relation to any Act specified in the Schedule, unless the context otherwise requires or unless specified otherwise in these Regulations -

(a) any reference to England, England and Wales, Great Britain or the United Kingdom shall be read as a reference to the Abu Dhabi Global Market, and "English", "British" and related expressions shall be construed accordingly;

(b) any reference in such Act to a provision of any other Act shall be read as a reference to such provision as applied and having legal force in, and forming part of the law of, the Abu Dhabi Global Market;

(c) any reference in an Abu Dhabi Global Market enactment to such Act shall be read as a reference to such Act as applied and having legal force in, and forming part of the law of, the Abu Dhabi Global Market;

(d) any references to the "High Court" or the "County Court" shall be read as references to the Court;

(e) the words "statute" or "enactment" shall be read as referring to any of (i) an Applicable Abu Dhabi Law, (ii) an Abu Dhabi Global Market enactment, or (iii) any other Act applied and having legal force in, and forming part of the law of, the Abu Dhabi Global Market pursuant to these Regulations, and "statutory" and like expressions shall be construed accordingly;

(f) where, as of the date of enactment of these Regulations, any provision of such Act stands repealed in relation to England, it shall not apply and have legal force in, and form part of the law of, the Abu Dhabi Global Market,

notwithstanding that (i) the repeal is, in England, subject to any savings or transitional provisions, (ii) the repealed provision is not specifically omitted in the Schedule, and (iii) the provision of the repealing Act (or of any legislative instrument adopted thereunder) that effects the repeal is omitted by the Schedule or does not, pursuant to the Schedule, apply and have legal force in, and form part of the law of, the Abu Dhabi Global Market;

(g) where, as of the date of enactment of these Regulations, any provision of such Act has been modified or inserted into such Act by a provision of another Act (or of any legislative instrument adopted thereunder) and the first provision is, pursuant to the Schedule, applied and has legal force in, and forms part of the law of, the Abu Dhabi Global Market, it shall do so (or do so with such modification, if applicable) even if the second provision does not, pursuant to the Schedule, apply and have legal force in, and form part of the law of, the Abu Dhabi Global Market and even if the second provision is omitted pursuant to the Schedule;

(h) any references to (i) Scotland or Northern Ireland, or (ii) any Act relating solely to Scotland or Northern Ireland (including to any legislative instrument which relates solely to Scotland or Northern Ireland), shall be disregarded;

(i) any provisions relating only to Scotland or Northern Ireland shall be disregarded;

(j) any references to "land" or "real property" shall be read as references to "real property", as defined in the Real Property Regulations 2015;

(k) any reference to "mortgage" in relation to land shall be read as a reference to "mortgage", as defined in the Real Property Regulations 2015;

(l) any reference to a "personal representative" shall be read as a reference to the legal heir or representative of a deceased person; and

(m) any reference in such Act to any provision of such Act that is omitted pursuant to the Schedule shall also be omitted.

(4) Except as provided in these Regulations, no Act shall apply and have legal force in, or form part of the law of, the Abu Dhabi Global Market.

(5) The Board may in any manner it thinks fit publish copies of the Acts which apply and have legal force in, and form part of the law of, the Abu Dhabi Global Market reflecting such revisions as are made by these Regulations.

(6) The copies of Acts published in accordance with subsection (5) shall, in the Court and for all purposes related to determining the law of the Abu Dhabi Global Market, be treated as authentic texts of those Acts as applicable and having legal force in, and forming part of the law of, the Abu Dhabi Global Market.

§Section 3 — Concurrent administration of law and equity

(1) The Court and all tribunals in the Abu Dhabi Global Market shall administer English common law and equity on the basis that, wherever there is any conflict or variance between the rules of equity and the rules of the common law with reference to the same matter, the rules of equity shall prevail.

(2) The Court and all tribunals in the Abu Dhabi Global Market shall, when applying the law of the Abu Dhabi Global Market, give the same effect -

(a) to all equitable estates, titles, rights, reliefs, defences and counterclaims, and to all equitable duties and liabilities; and

(b) subject thereto, to all legal claims and demands and all estates, titles, rights, duties, obligations and liabilities existing by the common law or by any custom or created by any other law in force in the Abu Dhabi Global Market,

and, subject to the provisions of these Regulations and any other law, shall so exercise their jurisdiction in every cause or matter before them as to secure that, as far as possible, all matters in dispute between the parties are completely and finally determined, and all multiplicity of legal proceedings with respect to any of those matters is avoided.

(3) Nothing in these Regulations shall affect the power of the Court to stay any proceedings before it, where it thinks fit to do so, either of its own motion or on the application of any person, whether or not a party to the proceedings.

§Section 4 — Rule against perpetuities

(1) The rule against perpetuities (or remoteness of vesting) is abolished.

(2) A trust (whether created by an instrument or otherwise) may continue in existence for an unlimited period unless the terms of the trust provide to the contrary.

§Section 5 — Power to remove difficulties

The Board may, where it considers it necessary or expedient for the purpose of removing any difficulty arising from local conditions or circumstances in the application of any provision in any Act specified in the Schedule, make rules to modify or substitute that provision.

§Section 6 — Exclusion of criminal law

Nothing in these Regulations creates a criminal offence.

§Section 7 — Interpretation

In these Regulations, unless the context indicates otherwise, the defined terms listed below shall have the corresponding meanings -

"Abu Dhabi Global Market enactment" means any regulations adopted by the Board pursuant to Article 6(1) of the ADGM Founding Law, including any subordinate legislation adopted pursuant to any such regulations or pursuant to the ADGM Founding Law;

"Act" means an Act of the Parliament of England, an Act of the Parliament of Great Britain, an Act of the Parliament of the United Kingdom of Great Britain and Ireland, or an Act of the Parliament of the United Kingdom of Great Britain and Northern Ireland, as the context requires; and

"Applicable Abu Dhabi Law" means any of the following: (i) the Constitution; (ii) the Financial Free Zones Law and any rules, orders, decrees, resolutions, by-laws,

notifications or similar measures adopted pursuant to that law; (iii) any Federal Law which, pursuant to the Constitution and the Financial Free Zones Law, applies and has legal force in, and forms part of the law of, the Abu Dhabi Global Market; (iv) the ADGM Founding Law; and (v) a law issued after the date of enactment of these Regulations by His Highness the Ruler of the Emirate of Abu Dhabi which expressly provides for the law to have application in the Abu Dhabi Global Market and any rules, regulations, orders, resolutions or similar measures adopted pursuant to such law.

§Section 8 — Short title, extent and commencement

(1) These Regulations may be cited as the Application of English Law Regulations 2015.

(2) These Regulations shall apply in the Abu Dhabi Global Market.

(3) These Regulations come into force on the date of their publication. The Board may by rules make any transitional, transitory, consequential, saving, incidental or supplementary provision in relation to the commencement of these Regulations as the Board thinks fit.

Section 2

Act Extent of application and modifications

Statute of Frauds 1677 (Chapter 3) The whole Act.

Life Assurance Act 1774 (Chapter 48) The whole Act.

Statute of Frauds Amendment Act 1828 The whole Act, other than section 9, which (Chapter 14) shall be omitted.

Mercantile Law Amendment Act 1856 The whole Act, other than section 17, (Chapter 97) which shall be omitted, and subject to the following modification: in section 8, the words "United Kingdom of Great Britain

and Ireland, the Islands of Man, Guernsey, Jersey, Alderney, and Sark, and the islands adjacent to any of them, being part of the dominions of Her Majesty" shall be substituted by the words "United Arab Emirates".

Policies of Assurance Act 1867 (Chapter The whole Act, other than section 8, which

144) shall be omitted, and subject to the

(1) In section 3, the words "either in England or Scotland or Ireland"

(2) In section 4, the words "after the thirtieth day of September one thousand eight hundred and sixty seven" shall be omitted.

(3) In section 6, the words "fee not exceeding 25p" shall be substituted by the words "reasonable fee".

Apportionment Act 1870 (Chapter 35) The whole Act.

Bankers' Books Evidence Act 1879 The whole Act, subject to the following (Chapter 11) modifications:

(1) In sections 4 and 5, the words "commissioner or" shall be omitted.

(2) In section 6, the words "or under the Civil Evidence (Scotland) Act 1988, or Schedule 3 to the Prisoners and Criminal

Proceedings (Scotland) Act 1993 or Schedule 8 to the Criminal Procedure (Scotland) Act 1995"

(3) Subsections (1), (1A), (1B) and (1C) of section 9 shall be omitted.

(4) In section 10: (i) in the definition of "legal proceeding" the words "or criminal" shall be omitted;

(ii) paragraphs (b) and (c) of the definition of "legal proceeding" shall be omitted; (iii) the definition of "judge" shall be omitted; and

(iv) the final sentence of the section shall be omitted.

(5) In section 11, the words "Sunday, Christmas Day, Good Friday, and any bank holiday" shall be substituted by the words "Saturday, Sunday, and any other day declared a public holiday in the United Arab Emirates".

Bills of Exchange Act 1882 (Chapter 61) The whole Act, other than sections 98, 99 as amended by the Small Business, and 100, which shall be omitted, and Enterprise and Employment Act 2015 subject to the following modifications:

(1) Any references to the "British Islands" in the Act shall be read as references to the Abu Dhabi Global Market.

(2) In section 2, the definition of "Postal operator" shall be substituted by the following definition: ""Postal operator" means a person who provides

(a) the service of conveying postal packets from one place to another by post, or (b) any of the incidental services of receiving, collecting, sorting and delivering postal packets."

definition of "British Islands" shall

word "Sunday" shall be substituted by the words "Saturday or Sunday".

words "This subsection shall not extend to Scotland" shall be

(8) In section 74A, the words "the London, Edinburgh and Belfast Gazettes" shall be substituted by the words "at least two leading English language newspapers of the United Arab Emirates".

(9) In section 92, the definition of "Non- business days" shall be substituted by the following: ""Non-business days" for the purposes of this Act mean any Saturday, Sunday or any other day declared a public holiday in the United Arab Emirates.".

(10) Any references to the "Treasury" or "regulations" in Part 4A of the Act shall be read as references to the Board or to rules respectively.

(11) The words in parenthesis at the end of section 89B(2) shall be

(12) Sections 89F(2), (3) and (4) shall be omitted and Sections 89(F)(5) and (6) renumbered accordingly.

the words "or in any repeal effected thereby" shall be omitted; (ii) paragraph (a) shall be omitted; (iii) in paragraph (b) the words "Companies Act 1862" shall be substituted by the words "Companies Regulations 2015" and the word "Acts" shall be substituted by the word "enactments"; and (iv) paragraph (c) shall be omitted.

(15) In Schedule 1, the words "in the county of" and "188" shall be

Factors Act 1889 (Chapter 45) The whole Act, other than section 16, which shall be omitted, and subject to the following modification: in section 9, the words in the second paragraph

commencing with "for the purposes of this section" and ending with "in the agreement are fulfilled" shall be omitted.

Partnership Act 1890 (Chapter 39) The whole Act, other than section 47, which shall be omitted, and subject to the

words "Companies Act 2006" shall be substituted by the words "Companies Regulations 2015" and the words "Act of Parliament or letters patent, or Royal Charter" shall be substituted by the word "enactment".

(2) In paragraph (c) of subsection (3) of section 2, the words "surviving civil partner" shall be omitted.

(3) In section 3, the words "100p in the pound" shall be substituted by the words "the full amount due".

(5) In section 9, the words "and in Scotland severally also" and the words "in England or Ireland" shall

words "or in Scotland the title to and interest in any heritable estate"

words "or in Scotland of any heritable estate" shall be omitted.

words "High Court or a judge

thereof, or the county court in England and Wales or a county court in Northern Ireland" shall be substituted by the word "Court".

(10) In subsection (1) of section 31, between the words "An assignment" and "by any partner" the words "of any nature" shall be inserted and between the words "by any partner of" and the words "his share in the partnership" the words "all or any part of" shall be inserted.

be substituted by the following subsection, namely: "(2) An advertisement shall be sufficient notice, to persons who had dealings with the firm before the date of the dissolution or change so advertised, of the change in constitution of the firm."

(12) The following subsection shall be inserted after subsection (2) of section 36, namely: "(2A) The advertisement referred to in subsection (2) must be - (a) legible and clearly state the necessary details of a change of partner or dissolution of the firm; and

(b) placed in one or more newspapers or other publications best suited to bring the change or dissolution to the attention of any persons who may be affected by such change or dissolution."

(13) In section 38, the words "and in relation to any prosecution of the partnership by virtue of section 1 of the Partnerships (Prosecution) (Scotland) Act 2013" shall be

Bodies Corporate (Joint Tenancy) Act The whole Act.

1899 (Chapter 20)

Marine Insurance Act 1906 (Chapter 41), The whole Act, subject to the following

as amended by the Insurance Act 2015 modifications:

the words "or in any repeal effected thereby" shall be omitted; (ii) paragraph (a) shall be omitted; (iii) in paragraph (b) the words "Companies Act 1862" shall be substituted by the words "Companies Regulations 2015"; and (iv) paragraph (c) shall be

(5) In Schedule 1, in the form of policy set out in it, the words "And it is agreed by us, the insurers, that this writing or policy of assurance shall be of as much force and effect as the surest writing or policy of assurance heretofore made in Lombard Street, or in the Royal Exchange, or elsewhere in London" appearing in the eighth paragraph shall be omitted and the word "London" appearing in the ninth paragraph shall be substituted by "………".

Limited Partnerships Act 1907 (Chapter The whole Act, other than section 10,

24) which shall be omitted, and subject to the

words "shall at the time of entering into such partnership contribute thereto a sum or sums as capital or property valued at a stated amount" shall be substituted by the words "may make one or more capital contributions (whether in cash or in kind) to the firm at any time", and the words "so contributed" shall be substituted by the words "of that limited partner's capital contributions (if any) (and without

recourse to the personal assets of that limited partner other than such capital contributions)".

section 4 shall be substituted by the following words: "Subject to any agreement to the contrary among the partners, where a limited partner has made one or more capital contributions to the firm, that limited partner is entitled to withdraw all or any portion of its capital in the firm at any time.

Subject to any agreement to the contrary among the partners and subject to any enactment or rule of law relating to insolvency, a limited partner that withdraws all or a portion of its capital contribution shall have no liability to return the amount so withdrawn to satisfy the debts and obligations of the firm"

(4) In the event of a dissolution of a limited partnership —

(a) the general partners shall, within one month of the dissolution of the limited

partnership, file a notice of dissolution of the limited partnership with the Registrar;

(b) if there are no general

partners then, subject to any agreement among the partners to the contrary, the limited partners shall, within one month of the dissolution of the limited partnership, file a notice of dissolution of the limited partnership with the Registrar.

(5) Upon receipt of the notice of dissolution, the Registrar shall amend the Register so to indicate that the limited partnership has been dissolved”.

the following words: "In the event of a dissolution of a limited

partnership, and subject to any order made by the Court providing for a different arrangement or procedure - (a) subject to any agreement among the partners to the contrary, the general partners shall wind up the affairs of the limited partnership or shall appoint a suitably qualified person (which may be a third party) to do so; and

(b) if there are no general partners then, subject to any agreement among the partners to the contrary, the limited partners shall wind up the affairs of the limited partnership or shall appoint a suitably qualified person (which may be a third party) to do so."

(4) After subsection (5) of section 6, the following subsection shall be inserted, namely: "(6) A limited partner shall not be treated as taking part in the management of the partnership business merely by doing one or more of the following -

(a) taking part in a decision about the variation of the partnership agreement; (b) taking part in a decision about whether to approve or veto: (i) a type of investment, (ii) a particular investment by the limited partnership, or (iii) the participation by the relevant limited partner in a particular investment by the limited partnership; (c) taking part in a decision about whether the general nature of the partnership business should change; (d) taking part in a decision about whether to dispose of the partnership business or to acquire another business; (e) taking part in a decision about whether a person should become or cease to be a partner; (f) taking part in a decision about whether the term of the limited partnership should end, and/or whether the limited partnership should be wound up; (g) taking part in a decision about how the limited partnership should be wound up;

(h) enforcing his rights under the

partnership agreement (unless those rights are to carry out management functions); (i) approving the accounts of a limited partnership; (j) approving the valuation of the limited partnership's assets;

(k) being engaged under a contract by the limited partnership or by a general partner in the limited partnership (unless the contract is to carry out managerial functions);

(l) acting in his capacity as a director, member or employee of, or a shareholder in, a general partner or any person appointed to manage or advise the limited partnership in relation to the affairs of the limited partnership; (m) taking part in a decision which involves actual or potential conflicts of interests that affect or relate to the limited partnership or its business or any partner in the limited partnership; (n) discussing the prospects of the partnership business; (o) consulting or advising a general partner, or the general partners, or any person appointed to manage the limited partnership in relation to the affairs of the limited partnership or advising in relation to the activities of the limited partnership or about its accounts (including doing so as a member of an advisory committee of the limited partnership); (p) taking part in any decision regarding any changes in the persons responsible for the day-to- day management of the limited partnership; (q) taking part in any decision authorising any action by or on behalf of the limited partnership that is not otherwise prohibited by the terms of the partnership agreement;

and (r) inspecting the books of the limited partnership and examining into the state and prospects of the partnership business, and advising partners thereon. The fact that a limited partner undertakes, or

engages in, any activity not expressly referred to above shall not necessarily constitute that limited partner as taking part in the management of the partnership business.".

(5) The following words shall be inserted

after the words of section 7:

"Notwithstanding the preceding sentence, and subject to any agreement among the partners to the contrary, limited partners shall not be subject to the duties contained in sections 28 and 30 of the Partnership Act 1890, or subject to equitable and common law duties (if any) of similar effect.".

(6) In paragraph (d) of subsection (1) of section 8A, the words "for the part

of the United Kingdom in which the principal place of business of the limited partnership is to be situated"

(7) Paragraphs (a), (c), (d) and (f) of subsection (2) of section 8A shall

section 8A shall be re-numbered as paragraph (a), paragraph (e) of that subsection shall be re-numbered as paragraph (b) and after that paragraph, there shall be inserted the following paragraph, namely: "(c) an election as to whether the limited partnership is to have legal personality (such an election being irrevocable and not subject to change).".

(9) Subsection (3) of section 8B shall be

(10) After subsection (4) of section 8C, the following subsection shall be

inserted, namely: "(5) Where the application for registration of a limited partnership includes, in accordance with Section 8A, an election that the limited partnership

have legal personality, then the certificate of registration shall specify that the limited partnership has legal personality and the certificate shall be conclusive evidence of such legal personality.".

(11) Paragraphs (b), (e), (f) and (g) of subsection (1) of section 9 shall be

(12) The words of paragraph (d) of subsection (1) of section 9 shall be substituted by the words "the general partners or the name of any general partner".

the following words: "if default is made in compliance with the requirements of this section, the registrar may impose a fine not exceeding level 3 on the standard fines scale on each of the general partners.".

(14) In section 13, the words "send by post to" shall be substituted by the word "provide".

(15) The existing provision of section 14 shall be numbered as subsection (1) and after that subsection the following subsections shall be inserted, namely: "(2) The Registrar shall be empowered to - (a) remove a limited partnership from the register and index, on receipt by the Registrar of an application from the general partners of the limited partnership (or from the former general partners of the limited partnership in the case of a dissolved limited partnership) confirming that the limited partnership is to be removed from the register and index (and where applicable that the limited partnership has been dissolved) by, and in accordance with, the

agreement of the partners;

(b) remove a limited partnership from the register and index on its own initiative upon or following the dissolution of the limited partnership; (c) make a correction to the register and index in respect of a limited partnership, on receipt by the Registrar of an application from the general partners of that limited partnership or as may be directed by the Court.

(3) In relation to each registered limited partnership, the register and index shall specify whether or not that limited partnership has legal personality.".

words "registrar of companies" shall be substituted by the word "Registrar".

the words "In this Act, references to the registrar are to be read as references to the Registrar established under the ADGM Founding Law.".

words "and there shall be paid for such certificate of registration, certified copy or extract such fees as the Board of Trade may appoint, not exceeding 10p for the certificate of registration, and not exceeding 21/2p for each folio of seventy-two words, or in Scotland for each sheet of two hundred words" shall be substituted by the words "in each case for such fee as the registrar may from time to time determine.".

words "civil or criminal" shall be

(20) In section 17, the words "Board of Trade" shall be substituted by the word "Board".

Trustee Act 1925 (Chapter 19), as Parts II, III, IV and V only, other than amended by sections 8 and 9 of the sections 34, 35, 54, 56, 63A, 64, 67, and Inheritance and Trustees Powers Act 70, which shall be omitted, and subject to 2014 the following modifications:

(4) In section 15, the words "subject to the restrictions imposed in regard to receipts by a sole trustee not being a trust corporation", and the words "where by the instrument, if any, creating the trust, or by statute, a sole trustee is authorised to execute the trusts and powers reposed in him" shall be omitted.

words "or to trustees of a settlement for the purposes of the Settled Land Act 1925, not being also the statutory owners" shall be

words "or to a settlement within the meaning of the Settled Land Act 1925", the words "or by a tenant for life impeachable for waste" and the words "or settlement, as the case may be" shall be omitted.

words "or settlement" shall be

(9) Paragraphs (a) and (b) of subsection (3) of section 20 and subsection (6) of that section shall

words "and, in the case of money

which is deemed to be capital money arising under the Settled Land Act 1925, be subject to the provisions of that Act with respect to the application of capital money by the trustees of the settlement"

(11) In paragraph (a) of subsection (2) of section 22, the words "place any distringas notice or" shall be

the words "tenant for life and statutory owner" shall be omitted;

(ii) in paragraph (a), the words "except any executor who has renounced probate" shall be omitted; and (iii) paragraphs (b) and (c) shall be omitted.

(i) paragraph (b) of that subsection shall be omitted; (ii) in paragraph (c) of that subsection the words "either of" shall be omitted and the words "foregoing paragraphs" shall be substituted by the words "foregoing paragraph";

and (iii) in the remainder of that subsection the words "or grant", the words "or grantee", and the words "or granted" shall be omitted.

words "or grantor" shall be omitted.

(i) the words ""grant" applies to a grant whether the rent is created by limitation, grant, reservation, or otherwise, and includes an agreement for a grant and any instrument giving any such indemnity as aforesaid or varying the liabilities under the grant", the words "and "grantee"" and the word "respectively" shall be omitted; and

(ii) the word "include" shall be substituted by the word "includes"

and the word "them" shall be substituted by the word "him".

(i) the words "the trustees of a settlement" shall be omitted; and

(ii) the words "the Gazette" shall be substituted by the words "such manner as may be prescribed by the Board in rules made by the Board".

words "or forms a civil partnership under that age", the words "or his formation of a civil partnership", the words "or formation of a civil partnership", the words "or for an entailed interest", the words "but without prejudice to any provision with respect thereto contained in any settlement by him made under any statutory powers during his infancy", and the words "and so that, if such property is settled land, such accumulations shall be held upon the same trusts as if the same were capital money arising therefrom" shall be omitted.

words "pounds per centum" shall be substituted by the words "per cent".

words "or civil partner" shall be

words "subject to the restrictions imposed by this Act on the number of trustees" shall be omitted.

words "but subject to the restrictions imposed by this Act on the number of trustees" shall be

words "and of any enactment replaced thereby" shall be omitted.

(27) Subsections (4), (5), (6A), (6B), (6C) and (6D) of section 36 shall be

words "nor shall the number of trustees be increased beyond four by virtue of any such appointment"

words "of Protection" shall be

words "subject to the restrictions imposed by this Act on the number of trustees", the words "not exceeding four", the words "save as hereinafter provided" and the words "but, except where only one trustee was originally appointed, and a sole trustee when appointed will be able to give valid receipts for all capital money, a trustee shall not be discharged from his trust unless there will be either a trust corporation or at least two persons to act as trustees to perform the trust" shall be omitted.

words "coming into operation after the commencement of this Act"

words "two persons" shall be substituted by the words "one person", the first occurrence of the word "trustees" shall be substituted by the word "trustee" and any

references to "co-trustees" and "continuing trustees" in section 39 or section 40 shall be construed accordingly.

(34) In subsections (1) and (2) of section 40, the words "is made after the commencement of this Act and" shall be omitted.

words "whether made before or after the commencement of this Act" shall be omitted.

words "an Act of Parliament" shall be substituted by the words "any enactment".

(39) In section 42, the words "other than the Public Trustee" shall be

(40) The proviso to section 47 shall be

(41) In subsections (3) and (4) of section 51, the words "Registrar of Government Stock" shall be substituted by the word "Registrar".

(43) In section 55, the words "or under sections 15 to 20 of the Mental Capacity Act 2005 or any corresponding provision having effect in Northern Ireland" shall be

(45) In section 59, the words "counsel and solicitor" shall be substituted

by the word "lawyer".

(46) In section 61, the words "whether the transaction alleged to be a breach of trust occurred before or after the commencement of this Act" shall be omitted.

(48) In section 66, the words "Bank of England, the Registrar of Government Stock, any previous Registrar of Government Stock" shall be substituted by the word "Registrar".

the definitions set out in paragraphs (4) (Gazette),

(6) (Land), (9) (Personal representative), (15) (Tenant for life, statutory owner, settled land, settlement, trust instrument, trustees of the settlement, term of years absolute, and vesting instrument) and (20) (United Kingdom) shall be omitted; (ii) in the definition of "Instrument" the words "Act of Parliament" shall be substituted by the words "an enactment";

(iii) in the definition of "Mortgage" the words "by way of legal mortgage" shall be omitted; and (iv) in the definition of "Trust corporation" the words "the Public Trustee or", the word "either" and the words "or entitled by rules made under subsection (3) of section four of the Public Trustee Act 1906, to act as custodian trustee" shall be omitted.

Law Reform (Miscellaneous Provisions) The whole Act, other than section 3, which Act 1934 (Chapter 41) shall be omitted, and subject to the following modification: subsection (2) of

Law Reform (Married Women and The whole Act, other than section 5, which Tortfeasors) Act 1935 (Chapter 30) shall be omitted, and subject to the

paragraph (a) shall be omitted; (ii) in paragraph (b) the words "married after the passing of this Act" shall be omitted; and (iii) in paragraph

(c) the words "after the passing of this Act" shall be omitted.

Law Reform (Frustrated Contracts) Act The whole Act, subject to the following 1943 (Chapter 40) modification: subsections (1) and (2) of

Law Reform (Contributory Negligence) The whole Act, other than sections 3, 5 Act 1945 (Chapter 28) and 6, which shall be omitted, and subject

to the following modification: in subsection (5) of section 1, the words "the Limitation Act 1939, or any other enactment" shall be substituted by the words "any enactment".

Law Reform (Personal Injuries) Act 1948 The whole Act, other than sections 2, 4 (Chapter 41) and 5, which shall be omitted, and subject

to the following modifications:

Occupiers' Liability Act 1957 (Chapter The whole Act, other than sections 6 and

31) 7, which shall be omitted, and subject to

the following modifications:

words "(including a statutory tenancy which does not in law amount to a tenancy)" shall be

Cheques Act 1957 (Chapter 36) The whole Act, other than section 7, which

shall be omitted, and subject to the

(1) Paragraph (c) of subsection (2) of

Variation of Trusts Act 1958 (Chapter 53) The whole Act, other than section 2, which

shall be omitted, and subject to the

words "arising, whether before or after the passing of this Act, under any will, settlement or other disposition" shall be omitted.

Corporate Bodies' Contracts Act 1960 The whole Act, subject to the following (Chapter 46) modifications:

(2) In section 2, the reference to the "Companies Act 2006" shall be read as a reference to the Companies Regulations 2015.

(3) Paragraph (c) of section 2 shall be

Law Reform (Husband and Wife) Act The whole Act, other than section 2, which 1962 (Chapter 48) shall be omitted, and subject to the

section 1, and the words appearing after that paragraph shall be

words "and subsection (1) of section two" shall be omitted.

Hire-Purchase Act 1964 (Chapter 53) The whole Act, subject to the following

modifications:

words "or (in Scotland) hired" shall

words "(whether criminal or civil)" and the words "or (in Scotland) hired" shall be

(3) In section 29, the words "or (in Scotland) hired", the words "or (in Scotland) hiring" and the words "or hired" shall be omitted.

(4) In paragraph (b) of subsection (4) of section 29, the words "including a person who at the time is, by virtue of section 130(4) of the Consumer Credit Act 1974 treated as a bailee or (in Scotland) a custodier of the vehicle" shall be

Misrepresentation Act 1967 (Chapter 7) The whole Act, other than section 5, which

shall be omitted, and subject to the

Law Reform (Miscellaneous Provisions) The whole Act, other than the Schedule, Act 1970 (Chapter 33) which shall be omitted, and subject to the

words "including any such rule as explained by section 37 of the Matrimonial Proceedings and Property Act 1970" shall be

(4) In section 5, the words "except in the case of a cause of action accruing before this Act comes into force if an action in respect thereof has been begun before this Act comes into force" shall be omitted.

Powers of Attorney Act 1971 (Chapter The whole Act, other than Schedule 2,

27) which shall be omitted, and subject to the

(1) In paragraph (b) of subsection (1) of section 3, the words "solicitor, authorised person or stockbroker" shall be substituted by the word "lawyer".

words "section 4 of the Evidence and Powers of Attorney Act 1940 (proof of deposited instruments by office copy) and to" shall be

(5) In paragraph (b) of subsection (4) of section 5, the words "statutory declaration" shall be substituted by the words "a declaration in a form prescribed by the Board in rules made by the Board".

the following words: "In this section

- (a) "purchaser" means a purchaser in good faith for money or money's worth and includes a lessee, mortgagee or other person who for money or money's worth acquires an interest in property; (b) where the context so requires "purchaser" includes an intending purchaser; and (c) "purchase" has a meaning corresponding with that of "purchaser".".

the following words: "In this section

- (a) "registered securities" means transferable securities the holders of which are entered in a register (whether maintained in the Abu Dhabi Global Market or not); and

(b) "stock exchange transaction" means a sale and purchase of securities in which each of the parties is a member of a stock exchange acting in the ordinary course of his business as such or is acting through the agency of such a member; and for the purposes of this definition "stock exchange" means any stock exchange which is declared to be a recognised stock exchange in rules made by the Board.".

(9) Subsections (1A), (2) and (4) of

words "or as a tenant for life or statutory owner within the meaning of the Settled Land Act 1925" shall

Supply of Goods (Implied Terms) Act The whole Act, other than sections 12A 1973 (Chapter 13) and 17, which shall be omitted, and subject to the following modifications:

words "or (in Scotland) hired" shall

words "or hired" shall be omitted.

words "or (in Scotland) hired" and the words "or hired" shall be

(5) In subsection (1A) of section 9, the

words "or hired" and the words "or hire" shall be omitted.

words "including any enactment of the Parliament of Northern Ireland, or the Northern Ireland Assembly" and the words "or (in Scotland) hired" shall be omitted.

words "or hires" shall be omitted.

(9) In subsection (2C) of section 10, the words "or hired" shall be

(10) In subsection (2D) of section 10, the words "or hired" and the words "or, in Scotland, if the goods are hired to a person under a consumer contract" shall be

(11) In subsection (2F) of section 10, the words "or hired" and the words "or, in Scotland, whether or not the goods are hired to a person under a consumer contract" shall be

words "or hires" and the words "or hired" shall be omitted.

words "or hiring" and the words "or hired" shall be omitted.

words "or (in Scotland) hired" and the words "or hired" shall be

(18) Subsection (5) of section 11A shall

words "in England and Wales and Northern Ireland" shall be omitted.

(i) in the definition of "business", the words "(including a Northern Ireland department)" shall be omitted; (ii) in the definition of "creditor", the words "or (in

Scotland) hired" shall be omitted;

(iii) in the definition of "hire- purchase agreement" the words "or (in Scotland) hired" and the words "or hired" shall be omitted; and (iv) in the definition of "producer" the words "into the European Economic Area" shall be omitted.

words "including any enactment of the Parliament of Northern Ireland or the Northern Ireland Assembly"

Insurance Companies Amendment Act The whole Act, subject to the following 1973 (Chapter 58) modification: subsection (2) of section 50

Fatal Accidents Act 1976 (Chapter 30) The whole Act, other than section 6 and Schedules 1 and 2, which shall be omitted, and subject to following modifications:

(1) In subsection (3) of section 1, paragraphs (aa), (b) and (fa) shall

(3) In paragraph (a) of subsection (5) of section 1, the words "or civil partnership" shall be omitted.

(5) In paragraphs (a) and (b) of subsection (2) of section 1A, the words "or civil partner" and the words "or a civil partner" shall be

(6) In paragraph (b) of subsection (2) of section 1A, the words "if he was legitimate; and" and the words "of his mother, if he was illegitimate"

(7) In subsection (3) of section 1A, the figure "£12,980" shall be

substituted by the figure "20,000 United States Dollars".

(8) In subsection (5) of section 1A, the words "The Lord Chancellor may by order made by statutory instrument, subject to annulment in pursuance of a resolution of either House of Parliament" shall be substituted by the words "The Board may make rules to".

word "solicitor" shall be substituted by the word "lawyer".

Torts (Interference with Goods) Act 1977 The whole Act, other than sections 15 and (Chapter 32) 16 and Schedule 2, which shall be omitted, and subject to the following modifications:

(1) In section 1, the words "and references in this Act (however worded) to proceedings for wrongful interference or to a claim or right to claim for wrongful interference shall include references to proceedings by virtue of Part I of the Consumer Protection Act 1987 or Part II of the Consumer Protection (Northern Ireland) Order 1987 (product liability) in respect of any damage to goods or to an interest in goods or, as the case may be, to a claim or right to claim by virtue of that Part in respect of any such damage" shall be omitted.

(2) Paragraphs (a) and (b) of subsection (8) of section 3 shall be

definitions of "enactment" and "High Court" shall be omitted.

(9) In paragraph 6 of Schedule 1, the words "in a registered letter, or by the recorded delivery service" shall

(10) In paragraph 8 of Schedule 1, the words "and of section 26 of the Interpretation Act 1889 in its application to this Schedule" shall

Unfair Contract Terms Act 1977 Parts I and III and the Schedules only, (Chapter 50) other than sections 8, 28 and 31 and Schedules 3 and 4, which shall be omitted, and subject to the following modifications:

(1) In paragraph (c) of subsection (1) of section 1, the words "or the Occupiers' Liability Act (Northern Ireland) 1957" shall be omitted.

words "and section 3 of the Misrepresentation Act (Northern Ireland) 1967" shall be omitted.

(3) In section 14, the definition of "hire purchase agreement" shall be substituted by the following definition: ""hire-purchase agreement" means an agreement, other than a conditional sale agreement, under which -

(a) goods are bailed in return for periodical payments by the person to whom they are bailed, and

(b) the property in the goods will pass to that person if the terms of the agreement are complied with and one or more of the following

occurs - (i) the exercise of an option to purchase by that person,

(ii) the doing of any other specified act by any party to the agreement, or (iii) the happening of any other specified event; and for the purposes of this definition "conditional sale agreement" means an agreement for the sale of goods or land under which the purchase price or part of it is payable by installments, and the property in the goods or land is to remain in the seller (notwithstanding that the buyer is to be in possession of the goods or land) until such conditions as to the payment of installments or otherwise as may be specified in the agreement are fulfilled.".

(4) In paragraph (b) of subsection (3) of section 26, the words "(the Channel Islands and the Isle of Man being treated for this purpose as different States from the United Kingdom)" shall be omitted.

words "any part of" shall be

definitions of "enactment" and "statutory" shall be omitted.

(10) Sub-paragraph (f) of paragraph 1 of Schedule 1 shall be omitted.

(11) Paragraph 5 of Schedule 1 shall be

Civil Liability (Contribution) Act 1978 The whole Act, other than sections 5, (Chapter 47) 8 and 9 and Schedules 1 and 2, which

shall be omitted, and subject to the

words "any part of" shall be

Sale of Goods Act 1979 (Chapter 54) The whole Act, other than sections 1, 15B, 22, 53A, 56, 58, and 63, and Schedules 1, 2, 3 and 4, which shall be omitted, and subject to the following modifications:

(1) All references in the Act to "custodier" shall be omitted.

(2) All references in the Act to "the Factors Acts" shall be substituted by references to the Factors Act 1889.

(4) In subsection (5A) of section 12, the words "as regards England and

(6) In subsection (1A) of section 13, the words "as regards England and

(8) In subsection (2D) of section 14, the words "or, in Scotland, if a contract of sale is a consumer contract" shall be omitted.

(9) In subsection (2F) of section 14, the words "or, in Scotland, whether or not the contract of sale is a consumer contract" shall be

(14) Subsection (4) of section 15A shall

words "or, in Scotland, where there is a consumer contract in which the buyer is a consumer" shall be

(17) Subsection (2C) of section 30 shall

words "or, in Scotland, where there is a consumer contract in which the buyer is a consumer" shall be

words "or (in Scotland) the contract of sale is a consumer contract"

(21) In subsection (1) of section 48A, the words "or, in Scotland, there is a consumer contract in which the buyer is a consumer" shall be

(22) In subsection (2) of section 48D, the words "in England and Wales

or Northern Ireland" and the words "in Scotland he rejects any goods delivered under the contract and treats it as repudiated" shall be

(23) In subsection (2) of section 48E, the words "or, in Scotland, specific implement" shall be omitted.

in the definition of "action", the words "and in Scotland condescendence and claim and compensation" shall be omitted; (ii) in the definition of "business", the words "(including a Northern Ireland department)" shall be omitted; (iii) the definition of "consumer contract" shall be omitted; (iv) the definition of "defendant" shall be omitted;

(v) the definition of "Factors Acts" shall be omitted; (vi) in the definition of "goods", the words "and in Scotland all corporeal moveables except money" shall be omitted; (vii) the definition of "plaintiff" shall be omitted;

(viii) in the definition of "producer", the words "into the European Economic Area" shall be omitted;

and (ix) in the definition of "warranty", the words "as regards England and Wales and Northern Ireland" shall be omitted.

Limitation Act 1980 (Chapter 58) The whole Act, other than sections 4, 11A, 15, 16, 17, 18, 19A, 20, 26, 27, 27A, 27AB, 27B, 27C, 33A, 37, 40, and Schedules 1, 2, 3, and 4, which shall be omitted, and subject to the following modifications:

(1) Subsections (1A) and (6) of

(3) The words "and the power conferred by section 72(1) of the Tribunals, Courts and Enforcement Act 2007 shall not be exercisable" in section 19 shall be omitted.

words "any right of action (including a foreclosure action) to recover land or an advowson or" shall be

section 29 shall be omitted and the words "land, benefice, or" in that subsection and in subsection (3) of

(8) The words "land, benefice, or" in subsection (1) of section 31 shall

words "in the case of a mortgage of personal property" shall be inserted at the beginning.

words "or interest in settled

property" shall be omitted.

(14) The second sentence of subsection (2) of section 33 shall

words "neither the High Court nor any county court" in the first sentence of that subsection shall be substituted by the words "no Court".

(16) In subsection (1) of section 36, after the words "Limitation Act 1939 was applied" the words "in England" shall be inserted.

(i) in the definition of "action", the words "including an ecclesiastical court (and see subsection (11) below)" shall be omitted; (ii) the definition of "land" shall be omitted;

(iii) the definition of "rent" shall be omitted; and (iv) the definitions of "settled land", "statutory owner" and "tenant for life" shall be

words "(within the meaning of the Mental Capacity Act 2005)" shall be

words "and any person whose estate or interest might have been barred by a person entitled to an entailed interest in possession shall be treated as claiming through the person so entitled" shall be omitted.

(21) In section 39, the words "or to any action or arbitration to which the

Crown is a party and for which, if it were between subjects, a period of limitation would be prescribed by or under any such other enactment"

Supply of Goods and Services Act 1982 Parts I, IB, II, and III only, other than (Chapter 29) section 17, which shall be omitted, and subject to the following modifications:

(1) In subsections (1) and (3) of section 1 and subsections (1) and

(3) of section 6, the words "in its application to England and Wales and Northern Ireland" shall be

(2) In subsection (1) of section 11M, the words "or, in Scotland, there is a consumer contract in which the transferee is a consumer" shall be

(3) Subsection (5) of section 11M shall

section 11Q shall be omitted, and in paragraph (a) of that subsection, the words "in England and Wales or Northern Ireland" shall be

(5) In subsection (2) of section 11R, the words "or, in Scotland, specific implement" shall be omitted.

(6) In section 11S, the words "or, in Scotland, by section 11C, section 11D or 11E above" and the words "or (in Scotland) in breach of any term implied by any rule of law as to the manner in which the installation is carried out" shall be

words "The Secretary of State may by order" shall be substituted by the words "The Board may make rules to" and the word "order" shall

be substituted by the word "rules".

(i) in the definition of "credit brokerage", the words "or as regards Scotland the hire" shall be omitted; (ii) the definition of "enactment" shall be omitted;

(iii) in the definition of "goods", the words "and as regards Scotland all corporeal moveables" shall be omitted and the words "bailment or hire" shall be substituted by the words "or bailment"; (iv) the definition of "hire purchase agreement" shall be substituted by the following definition: ""hire- purchase agreement" means an agreement, other than a conditional sale agreement, under which - (a) goods are bailed in return for periodical payments by the person to whom they are bailed; and (b) the property in the goods will pass to that person if the terms of the agreement are complied with and one or more of the following occurs

- (i) the exercise of an option to purchase by that person, (ii) the doing of any other specified act by any party to the agreement, or (iii) the happening of any other specified event; and for the purposes of this definition "conditional sale agreement" means an agreement for the sale of goods or land under which the purchase price or part of it is payable by installments, and the property in the goods or land is to remain in the seller (notwithstanding that the buyer is to be in possession of the goods or land) until such conditions as to the payment of installments or otherwise as may be specified in the agreement are fulfilled"; and (v) in the definition of "producer" the words "into the European Economic Area" shall be omitted.

(10) In subsection (2) of section 18 the word "assignation" shall be omitted.

(11) In section 19, the definition of "the 1974 Act" shall be omitted.

(12) Subsections (2), (3), (4), (5) and (6) of section 20 shall be omitted.

Occupiers' Liability Act 1984 (Chapter 3) The whole Act, other than sections 1A, 2

and 3, which shall be omitted, and subject to the following modifications:

(1) Subsections (6A), (6AA), (6B) and (6C) of section 1 shall be omitted.

Foreign Limitation Periods Act 1984 The whole Act, other than sections 1A, 6, (Chapter 16) and 8, which shall be omitted, and subject

to the following modifications:

(1) References in the Act to a "country" shall be read as references to a "jurisdiction".

words "subject to section 1A" shall

Latent Damage Act 1986 (Chapter 37) The whole Act, other than section 4, which

shall be omitted, and subject to the

omitted, and in subsection (4) of section 3, the words "section 538 of the Companies Act 1985 (vesting of company property in liquidator)" shall be substituted by the words "section 215(4) of the Insolvency Regulations 2015".

words "has the meaning given by section 1" shall be substituted by the words "means the Limitation Act 1980".

Minors' Contracts Act 1987 (Chapter 13) Sections 2, 3 and 5 only, subject to the

(1) In section 2, the words "made after the commencement of this Act"

(2) In paragraph (a) of subsection (1) of section 3, the words "after the commencement of this Act" shall

Carriage of Goods by Sea Act 1992 The whole Act, subject to the following (Chapter 50) modifications:

(1) In subsections (5) and (6) of section 1: (i) the words "Secretary of State", wherever they occur, shall be substituted by the word "Board"; (ii) the word "regulations" in subsection (5) of section 1 shall be substituted by the word "rules"; and (iii) the words "and the power to make regulations under that subsection shall be exercisable by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament" in subsection (6) of

Private International Law (Miscellaneous Parts III and IV only, other than sections Provisions) Act 1995 (Chapter 42) 15, 15A, 15B, 16, 17, and 18, and the Schedule, which shall be omitted, and subject to the following modifications:

(1) The words "or delict" shall be omitted in the whole of Parts III and IV.

words "or (for the purposes of the law of Scotland) delict" shall be

words "(and without prejudice to the operation of section 14 below)"

(5) The following words shall be inserted at the beginning of subsection (1) of section 11: "Subject to subsection (1) of section 12".

(6) The following words shall be inserted at the beginning of subsection (2) of section 12: "Subject to subsection (1)".

(7) In section 12, subsections (1) and

(2) shall be re-numbered as subsections (2) and (3) respectively, and the following subsection shall be inserted as subsection (1), namely: "(1) A party's non-contractual obligations to another party shall be governed by any law expressly chosen by those parties in an agreement between them to apply such law to those non-contractual obligations, whether entered into before or after the event giving rise to the damage occurred."

words "any part of" and the words "and any claim under the law of Scotland for verbal injury" shall be

Trusts of Land and Appointment of The whole Act, other than sections 2, 5, Trustees Act 1996 (Chapter 47) 16, 24, and 25, and Schedules 1, 2, 3, and 4, which shall be omitted, and subject to

the following modifications:

section 1 and subsection (3) of that section shall be omitted.

words "or of the Charity Commission" shall be omitted.

words "ecclesiastical or public"

words "statutory declaration" shall be substituted by the words "declaration in a form prescribed in rules made by the Board".

(9) Subsection (7) of section 9A shall

words "ecclesiastical or public"

words "within the meaning of the Children Act 1989" shall be

section 11 and subsections (3) and

(4) of that section shall be omitted.

words "(including settled land)"

section 17 and subsections (5) and

(6) of that section shall be omitted.

(18) In paragraph (c) of subsection (3) of section 19, the words "two persons" shall be substituted by the words "one person", the word "trustees" shall be substituted by the word "trustee" and references to "continuing trustees" in section 19 shall be construed accordingly.

(20) In paragraph (a) of subsection (1) of section 20, the words "(within the meaning of the Mental Capacity Act 2005)" shall be omitted.

(21) In subsection (2) of section 20, paragraph (b) of that subsection and the words "of Protection" shall be omitted.

(22) Subsections (4), (6), (7) and (8) of

the following words: "In this Act -

(a) "purchaser" means a purchaser in good faith for money or money's worth and includes a lessee, mortgagee or other person who for money or money's worth acquires an interest in property; (b) where the context so requires "purchaser" includes an intending purchaser;

and (c) "purchase" has a meaning corresponding with that of "purchaser".".

words "Lord Chancellor" shall be substituted by the word "Board"

and the words "by order made by statutory instrument" shall be substituted by the words "make rules to" and the word "him" shall be substituted by the word "it".

(27) Subsections (2), (3), and (4) of

Trustee Delegation Act 1999 (Chapter The whole Act, other than sections 3, 5, 7,

15) 8, 9, and 12 and the Schedule, which shall

be omitted, and subject to the following modifications:

(1) Paragraph (a) of subsection (2) of section 1 and subsections (7) and

(9) of that section shall be omitted.

(2) In subsection (1) of section 2 the words "in this subsection "purchaser" has the same meaning as in Part I of the Law of Property Act 1925" shall be substituted by the following words: "In this subsection - (a) "purchaser" means a purchaser in good faith for money or money's worth and includes a lessee, mortgagee or other person who for money or money's worth acquires an interest in property; (b) where the context so requires "purchaser" includes an intending purchaser; and (c) "purchase" has a meaning corresponding with that of "purchaser".".

Contracts (Rights of Third Parties) Act The whole Act, other than sections 8 1999 (Chapter 31) and 9, which shall be omitted, and subject

to the following modifications:

words "section 33 of the Companies Act 2006" shall be substituted by the words "section 30 of the Companies Regulations 2015".

(3) Paragraphs (b) and (c) of subsection (3) of section 6 shall be

(4) Subsections (2A) and (8) of

(5) In paragraph (a) of subsection (4) of section 6, the words ""worker's contract", and "worker" have the meaning given by section 54 of the National Minimum Wage Act 1998" shall be substituted by the words "have the meanings given to them in the Employment Regulations 2015".

(6) Paragraphs (b), (c) and (d) of subsection (4) of section 6 shall be

Trustee Act 2000 (Chapter 29) The whole Act, other than sections 7, 10, 27, 33, 34, 36, 37, 38, 40, 41, and 42, and Schedules 2, 3 and 4, which shall be

omitted, and subject to the following modifications:

words "freehold or leasehold" shall

(4) In paragraph (d) of subsection (3) of section 11, the words "an order made by the Secretary of State" shall be substituted by the words "rules made by the Board".

words "(other than settled land)"

(10) Paragraph (c) of subsection (2) of section 19 and subsection (4) of that section shall be omitted.

the following words: "For the purposes of determining whether a body corporate is controlled by trustees, in relation to a body corporate ("company A"), "control" means the power of a person ("P") to secure - (a) by means of the holding of shares or the possession of voting power in relation to that or any other body corporate; or

(b) as a result of any powers conferred by the articles of association or other document regulating that or any other body corporate, that the affairs of company A are conducted in accordance with P's wishes, and in relation to a partnership, "control" means the right to a share of more than half the assets, or of more than half the income, of the partnership.".

words "and for the purposes of subsection (1) includes, in relation to the provision of services by a trustee who is a deposit taker and provides the services in that capacity, the deposit taker's reasonable charges for the provision of such services" shall be

(14) Subsections (3A), (3B) and (3C) of

(15) In subsections (1) and (3) of section 30, the words "Secretary of State" shall be substituted by the word "Board" and the word "regulations" shall be substituted by the word "rules".

(17) Subsections (3) and (4) of section 35 shall be omitted.

definitions of "charitable trust", "custodian trustee", "enactment", "exempt charity", "legal mortgage", "personal representative" and "settled land" shall be omitted.

Insurance Act 2015 (Chapter 4) The whole Act, subject to the following

modifications:

(1) The term "contract of insurance" shall be replaced with "contract of marine insurance" throughout.

(2) The term "contracts of insurance" shall be replaced with "contracts of marine insurance" throughout

(3) The term "non-consumer insurance contract" shall be replaced with "contract of marine insurance" throughout.

(4) The term "non-consumer insurance contracts" shall be replaced with "contracts of marine insurance"

throughout.

(5) In section 1: (i) the words "(apart from Part 6)" shall be omitted; (ii) the definitions of "consumer insurance contract" and "non- consumer insurance contract" shall be omitted; and (iii) the words:

'"contract of marine insurance" has the same meaning as in the Marine Insurance Act 1906;' shall be inserted.

(6) In section 14(2), the words "and the Consumer Insurance (Disclosure and Representations) Act 2012"

(7) Section 14(3)(b) shall be omitted.

(9) Section 15 shall be omitted.

(10) In section 16A, the title of the section shall be amended to:

"Contracting out of the implied term about payment of claims: contracts of marine insurance".

(11) Section 16A(1) shall be omitted.

(12) In section 18, the wording '"consumer C" means an individual who is one of the Cs, where the cover provided by the contract for that individual would have been a consumer insurance contract if entered into by that person rather than by A, and "non-consumer C" means any of the Cs who is not a consumer C' shall be omitted.

(14) In sections 18(3) and 18(4), the words "non-consumer C" shall be replaced with "C".

(15) Part 6 shall be omitted.

(19) In section 23(2), the words "Part 6 and" shall be omitted.

(21) In Schedule 1, paragraph 2, the words "which are non-consumer insurance contracts" shall be

(22) Schedule 2 shall be omitted.

ADGM Application of English Law Regulations 2015

§Preamble

§Section 1 — Application of common law and equity

§Section 2 — Application of certain statutes

§Section 3 — Concurrent administration of law and equity

§Section 4 — Rule against perpetuities

§Section 5 — Power to remove difficulties

§Section 6 — Exclusion of criminal law

§Section 7 — Interpretation

§Section 8 — Short title, extent and commencement

Schedule — APPLICABLE STATUTES