{
  "url": "https://openlegislation.uk/international-movement-of-capital-required-information-regulations-2009/schedule/paragraph-3",
  "json_url": "https://openlegislation.uk/international-movement-of-capital-required-information-regulations-2009/schedule/paragraph-3.json",
  "legislation": "uksi/2009/2192",
  "legislation_title": "The International Movement of Capital (Required Information) Regulations 2009",
  "legislation_url": "https://openlegislation.uk/international-movement-of-capital-required-information-regulations-2009",
  "path": "schedule/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "(1) The second transaction is the issue of shares by the foreign subsidiary to a person not connected with the reporting body.\n(2) The conditions are—\n(a) that the issue—\n(i) is at market value and for consideration paid to the foreign subsidiary, and\n(ii) is not to a nominee or trustee for a person who is connected with the reporting body;\n(b) that no arrangements exist as a consequence of which the reporting body or a person connected with the reporting body, or a nominee or trustee for that person or the reporting body, is or may become entitled to the shares so issued or to any of them or to any interest in them or in any of them.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2009/2192/schedule/paragraph/3",
    "retrieved_at": "2026-10-29T03:06:55.326289+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."
}