Article 46 Purchase by company of its own shares: definition of “off-market” and “market” purchaseI1

United Kingdom

(1)

Article 173 of the 1986 Order (meaning of “off-market” and “market” purchase) is amended as follows.

(2)

In paragraph (2)(a)^f1 for “Part IV of the Financial Services Act 1986” substitute “Part 6 of the Financial Services and Markets Act 2000”.

(3)

For paragraph (4)^f2 substitute—

“(4)

“Recognised investment exchange” means a recognised investment exchange other than an overseas investment exchange.

(5)

Expressions used in the definition contained in paragraph (4) have the same meaning as in Part 18 of the Financial Services and Markets Act 2000.”.

Annotations

Commencement

I1: Art. 46 in force at 1.12.2001, see art. 1

Footnotes

f1: Amended by the Financial Services Act 1986 (c. 60), Schedule 16 paragraph 32.
f2: Inserted by the Financial Services Act 1986 (c. 60), Schedule 16 paragraph 32.