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Regulation 19 Content of a restrictions noticeC1

United Kingdom

A restrictions notice issued under paragraph 1 of Schedule 1B to the Act must—

(a)

specify the date on which the restrictions notice is issued;

(b)

be accompanied by a copy of the warning notice which preceded the restrictions notice;

(c)

identify the addressee's relevant interest in the company by reference to the shares or right in question;

(d)

explain the effect of the restrictions notice;

(e)

state that, by virtue of the restrictions notice, certain acts or failures to act may constitute an offence; and

(f)

state that an aggrieved person may apply to the court for an order directing that the relevant interest cease to be subject to restrictions.

Annotations

Modifications

C1

Regs. 7-47 applied (with modifications) (E.W.S.) (6.4.2016) by The Limited Liability Partnerships (Register of People with Significant Control) Regulations 2016 (S.I. 2016/340), regs. 1(3), 4, Sch. 2 para. 3 (as amended: (26.6.2017) by S.I. 2017/693, regs. 2, 30 (with Sch. Pt. 2); (27.1.2025) by S.I. 2024/1377, regs. 1(2), 11(3); (21.7.2025) by S.I. 2025/874, reg. 9(5); and (18.11.2025) by S.I. 2025/1033, regs. 1(3)(d), 11(3) (with regs. 12-16); S.I. 2025/1118, reg. 2(1)(i))