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Regulation 15 Participation in respect of shares

Original text. Later amendments are not shown.

(1)

This regulation applies to a class of shares if a company’s articles of association in all respects are consistent with—

(a)

the holding of shares in that class in uncertificated form;

(b)

the transfer of title to shares in that class by means of a relevant system; and

(c)

these Regulations.

(2)

A company may permit the holding of shares in a class to which this regulation applies in uncertificated form, and the transfer of title to any such shares by means of a relevant system.