# Financial Services and Markets Act 2023, Paragraph 5: Shares

Extent: E+W+S

In section 7 (shares), in subsection (5)—
(a) at the beginning insert “Subsection (5A) applies”;
(b) the words from “made a loan” to “secured loan” become paragraph (a);
(c) at the end of that paragraph insert
“, or
(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.”;
(d) the words from “the member” to the end become subsection (5A).

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Source: https://www.legislation.gov.uk/ukpga/2023/29/schedule/14/paragraph/5 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2023/schedule-14/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.