# The Open-Ended Investment Companies Regulations 2001, Regulation 47: Exceptions from regulation 46

Extent: E+W+S+N.I.

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) Nothing in regulation 46 requires a company to prepare share certificates in the following cases.
(3) Case 1 is any case where the company’s instrument of incorporation states that share certificates will not be issued and contains provision as to other procedures for evidencing a person’s entitlement to shares.
(4) Case 2 is any case where a shareholder has indicated to the company in writing that he does not wish to receive a certificate.
(5) Case 3 is any case where shares are issued or transferred to the designated person.
(6) Case 4 is any case where shares are issued or transferred to a nominee of a recognised investment exchange who is designated for the purposes of this paragraph in the rules of the investment exchange in question.

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Source: https://www.legislation.gov.uk/uksi/2001/1228/regulation/47 (the official version)
Page: https://openlegislation.uk/open-ended-investment-companies-regulations-2001/regulation-47
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.