# The Risk Transformation Regulations 2017, Regulation 101: Numbering of shares


(1) Each share issued on behalf of a part of protected cell company must be distinguished by its appropriate number, except in the following circumstances.
(2) A share issued on behalf of a part of a protected cell company need not have a distinguishing number provided—
(a) all the shares issued on behalf of that part are fully paid up and rank pari passu for all purposes; or
(b) all the shares issued on behalf of that part and belonging to the same class as that share are fully paid up and rank pari passu for all purposes.

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Source: https://www.legislation.gov.uk/ukdsi/2017/9780111160596/regulation/101 (the official version)
Page: https://openlegislation.uk/draft-risk-transformation-regulations-2017/regulation-101
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.