{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2023/schedule-14/paragraph-5",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2023/schedule-14/paragraph-5.json",
  "legislation": "ukpga/2023/29",
  "legislation_title": "Financial Services and Markets Act 2023",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2023",
  "path": "schedule/14/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": "Shares",
  "text": "In section 7 (shares), in subsection (5)—\n(a) at the beginning insert “Subsection (5A) applies”;\n(b) the words from “made a loan” to “secured loan” become paragraph (a);\n(c) at the end of that paragraph insert\n“, or\n(b) entered into an agreement mentioned in section 11E(1) with a member, which is treated by virtue of section 11F(2) as a secured agreement.”;\n(d) the words from “the member” to the end become subsection (5A).",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 14 para. 5 not in force at Royal Assent, see s. 86(3)"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "Sch. 14 para. 5 in force at 29.8.2023 by S.I. 2023/779, reg. 4(eee)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2023/29/schedule/14/paragraph/5",
    "retrieved_at": "2026-10-29T08:52:13.792774+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}