{
  "url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/schedule-4/paragraph-32",
  "json_url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/schedule-4/paragraph-32.json",
  "legislation": "uksi/2014/3348",
  "legislation_title": "The Bank Recovery and Resolution (No. 2) Order 2014",
  "legislation_url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014",
  "path": "schedule/4/paragraph/32",
  "kind": "paragraph",
  "number": "32",
  "heading": null,
  "text": "Section 586 (public companies: shares must be at least one-quarter paid-up) has effect as if for subsection (2) there were substituted—\n“(2) This does not apply to shares allotted—\n(a) in pursuance of an employers' share scheme; or\n(b) by the use of resolution tools, powers and mechanisms (within the meaning given in article 216 of the Bank Recovery and Resolution (No. 2) Order 2014) in relation to a company which is a company under resolution for the purposes of Part 17 of that Order.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/3348/schedule/4/paragraph/32",
    "retrieved_at": "2026-10-28T23:53:03.627932+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}