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Regulation 23 Entitlement as an interest in shares for the purposes of the 1985 Act

Original text. Later amendments are not shown.

(1)

An entitlement shall not be an interest in a share for any purpose of the following provisions of the 1985 Act:

(a)

Part VI; and

(b)

sections 324 to 326, 328 and 346, together with Schedule 13.

(2)

This regulation is without prejudice to the provisions of paragraph 1 of Schedule 8 to these Regulations (which provides that an account holder for whom an entitlement to a share is held has an interest in the share concerned inter alia for the purposes of Part VI of the 1985 Act).