# Finance Act 2024, Paragraph 28: Transitional provision: bearer instruments

Extent: E+W+S+N.I.

(1) Sub-paragraph (2) applies in relation to bearer instruments issued before 1 January 2024—
(a) in the United Kingdom, or
(b) outside the United Kingdom by or on behalf of a UK company.
(2) The amendment made by paragraph 19(3) is to be disregarded.
(3) In sub-paragraph (1) “bearer instrument” and “UK company” have the same meaning as in Schedule 15 to FA 1999 (see paragraphs 3 and 11 of that Schedule).
(4) Sub-paragraph (5) applies in relation to UK bearer instruments within the meaning of section 99(1A) of FA 1986 issued before 1 January 2024.
(5) The amendments made by paragraph 6(2) and (3) are to be disregarded.

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Source: https://www.legislation.gov.uk/ukpga/2024/3/schedule/11/paragraph/28 (the official version)
Page: https://openlegislation.uk/finance-act-2024/schedule-11/paragraph-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.