Article 76 Shares etc.
United Kingdom
Shares or stock in the share capital of—
any body corporate (wherever incorporated), and
any unincorporated body constituted under the law of a country or territory outside the United Kingdom.
Paragraph (1) includes—
any transferable shares in a body incorporated under the law of, or any part of, the United Kingdom relating to F2co-operative and community benefit societies, industrial and provident societies or credit unions, or in a body constituted under the law of another EEA State for purposes equivalent to those of such a body.
But subject to paragraph (2) there are excluded from paragraph (1) shares or stock in the share capital of—
an open-ended investment company;
a building society incorporated under the law of, or any part of, the United Kingdom;
a body incorporated under the law of, or any part of, the United Kingdom relating to F3co-operative and community benefit societies, industrial and provident societies or credit unions;
any body constituted under the law of an EEA State for purposes equivalent to those of a body falling within sub-paragraph (b) or (c).
Annotations
Textual amendments
- F1
Words in art. 76 inserted (8.1.2012) by The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011 (S.I. 2011/2687), arts. 1(1)(b), 22
- F2
Words in art. 76(2)(b) inserted (1.8.2014) by The Co-operative and Community Benefit Societies and Credit Unions Act 2010 (Consequential Amendments) Regulations 2014 (S.I. 2014/1815), reg. 1(2), Sch. para. 8
- F3
Words in art. 76(3)(c) inserted (1.8.2014) by The Co-operative and Community Benefit Societies and Credit Unions Act 2010 (Consequential Amendments) Regulations 2014 (S.I. 2014/1815), reg. 1(2), Sch. para. 8
Marginal citations
- M1