# The Risk Transformation Regulations 2017, Regulation 96: Prohibition on bearer shares


(1) A protected cell company may not issue a bearer share.
(2) A bearer share is a share evidenced by a share certificate, or by any other documentary evidence of title for which provision is made in the protected cell company’s instrument of incorporation, which indicates—
(a) that the holder of the document is entitled to the shares specified in it; and
(b) that no entry will be made on the register of shareholders identifying the holder of those shares.

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Source: https://www.legislation.gov.uk/ukdsi/2017/9780111160596/regulation/96 (the official version)
Page: https://openlegislation.uk/draft-risk-transformation-regulations-2017/regulation-96
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.