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Regulation 11 Transitional provisions

Original text. Later amendments are not shown.

(1)

In this regulation “commencement” means the commencement of these Regulations.

(2)

Where a person—

(a)

has a notifiable interest immediately after commencement, but did not have such an interest immediately before commencement, or

(b)

had a notifiable interest immediately before commencement, but does not have such an interest immediately after commencement, or

(c)

had a notifiable interest immediately before commencement and has such an interest immediately after commencement but the percentage levels of his interest immediately before and immediately after commencement are not the same,

then he comes under an obligation to notify the company with respect to the interest which he has or had in its shares; and the provisions of Part VI of the Companies Act 1985 shall apply as if that obligation arose under section 198 of that Act.