Words in Sch. 2 para. 5 substituted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 66 (with art. 7)

http://www.legislation.gov.uk/ukpga/1982/50/schedule/SCHEDULE/2D/crossheading/restrictions-etc-as-respects-shareholdings/1998-07-01Insurance Companies Act 1982 (repealed)An Act to consolidate the Insurance Companies Acts 1974 and 1981.1982-11-01texttext/xmlenStatute Law Database2024-05-171998-07-01 SCHEDULES[SCHEDULE 2D] FURTHER PROVISIONS WITH RESPECT TO CONTROLLERS OF UK COMPANIES Restrictions etc. as respects shareholdings5(1)

This paragraph applies where a person—

(a)

has contravened section 61 or 61A above by becoming a shareholder controller of a UK company, or by acquiring a notifiable holding in such a company;

(b)

having become such a controller or acquired such a holding in contravention of section 61 or 61A above, continues to be such a controller or to retain that holding after being served with a notice of objection under paragraph 2 above;

(c)

having been served with a notice imposing conditions under paragraph 3 above in a case where—

(i)

a notice of objection to his becoming such a controller or acquiring such a holding would otherwise have been served under section 61 or 61A above, or

(ii)

a notice of objection to his continuing to be such a controller or retaining such a holding would otherwise have been served under paragraph 2 above,

has failed to comply with any of the conditions specified in the notice under paragraph 3 above; or

(d)

having been served with a notice of objection under paragraph 4 above to his continuing to be such a controller,

continues to be such a controller; and references in this paragraph to the person in breach shall be construed accordingly.

(2)

The Treasury may by notice in writing served on the person in breach direct that any specified shares to which this paragraph applies shall, until further notice, be subject to one or more of the following restrictions—

(a)

any transfer of or agreement to transfer the shares, or (in the case of unissued shares) any transfer of or agreement to transfer the right to be issued with the shares, shall be void;

(b)

no voting rights shall be exercisable in respect of the shares;

(c)

no further shares shall be issued in right of the shares or in pursuance of any offer made to the holder of the shares;

(d)

except in a liquidation, no payment shall be made of any sums due from the company in respect of the shares, whether by way of a repayment of capital or otherwise.

(3)

The court may, on the application of the Treasury, by order direct that any specified shares to which this paragraph applies—

(a)

shall be sold; and

(b)

if they are for the time being subject to any restrictions under sub-paragraph (2) above, shall cease to be subject to those restrictions.

(4)

Where an order has been made under sub-paragraph (3) above the court may, on the application of the Treasury, make such further order relating to the sale or transfer of the shares as it thinks fit.

(5)

Where the shares are sold in pursuance of an order under this section—

(a)

the net proceeds of the sale shall be paid into court for the benefit of persons beneficially interested in them; and

(b)

any such person may apply to the court for the whole or any part of the proceeds to be paid to him.

(6)

This paragraph applies to—

(a)

all shares in the company which—

(i)

are held by the person in breach; and

(ii)

were not so held immediately before he became a shareholder controller of the company or, as the case may be, acquired a notifiable holding in the company; and

(b)

where the person in breach became such a controller or acquired such a holding as a result of the acquisition by him of shares or voting rights in another company, all shares in that company which—

(i)

are held by him; and

(ii)

were not so held immediately before he became such a controller or acquired such a holding.

(7)

Sub-paragraph (6) above shall have effect as if references to the person in breach acquiring a notifiable holding in the company were—

(a)

in a case falling within paragraph (a), (b) or (c)(ii) of sub-paragraph (1) above, references to his doing so in contravention of section 61 or 61A above; and

(b)

in a case falling within paragraph (c)(i) of sub-paragraph (1) above, references to his doing so after the service of the notice imposing conditions under paragraph 3 above.

(8)

A copy of the notice served on the person in breach under sub-paragraph (2) above shall be served on the company to whose shares or voting rights it relates.

(9)

The jurisdiction conferred by this paragraph shall be exercisable by the High Court and theCourt of Session.

This XML file does not appear to have any style information associated with it. The document tree is shown below.
<akomaNtoso xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xsi:schemaLocation="http://docs.oasis-open.org/legaldocml/ns/akn/3.0 http://docs.oasis-open.org/legaldocml/akn-core/v1.0/cos01/part2-specs/schemas/akomantoso30.xsd">
<act name="ukpga">
<meta>
<identification source="#">
<FRBRWork>
<FRBRthis value="http://www.legislation.gov.uk/id/ukpga/1982/50"/>
<FRBRuri value="http://www.legislation.gov.uk/id/ukpga/1982/50"/>
<FRBRdate date="1982-10-28" name="enacted"/>
<FRBRauthor href="http://www.legislation.gov.uk/id/legislature/UnitedKingdomParliament"/>
<FRBRcountry value="GB-UKM"/>
<FRBRnumber value="50"/>
<FRBRname value="1982 c. 50"/>
<FRBRprescriptive value="true"/>
</FRBRWork>
<FRBRExpression>
<FRBRthis value="http://www.legislation.gov.uk/ukpga/1982/50/1998-07-01"/>
<FRBRuri value="http://www.legislation.gov.uk/ukpga/1982/50/1998-07-01"/>
<FRBRdate date="1998-07-01" name="validFrom"/>
<FRBRauthor href="#"/>
<FRBRlanguage language="eng"/>
</FRBRExpression>
<FRBRManifestation>
<FRBRthis value="http://www.legislation.gov.uk/ukpga/1982/50/1998-07-01/data.akn"/>
<FRBRuri value="http://www.legislation.gov.uk/ukpga/1982/50/1998-07-01/data.akn"/>
<FRBRdate date="2024-12-11Z" name="transform"/>
<FRBRauthor href="http://www.legislation.gov.uk"/>
<FRBRformat value="application/akn+xml"/>
</FRBRManifestation>
</identification>
<lifecycle source="#">
<eventRef refersTo="#enactment" date="1982-10-28" eId="date-enacted" source="#"/>
<eventRef date="1993-05-20" eId="date-1993-05-20" source="#"/>
<eventRef date="1993-11-05" eId="date-1993-11-05" source="#"/>
<eventRef date="1994-07-01" eId="date-1994-07-01" source="#"/>
<eventRef date="1995-11-08" eId="date-1995-11-08" source="#"/>
<eventRef date="1996-11-04" eId="date-1996-11-04" source="#"/>
<eventRef date="1997-03-21" eId="date-1997-03-21" source="#"/>
<eventRef date="1998-01-05" eId="date-1998-01-05" source="#"/>
<eventRef date="2000-07-03" eId="date-2000-07-03" source="#"/>
<eventRef date="2001-12-01" eId="date-2001-12-01" source="#"/>
</lifecycle>
<analysis source="#">
<restrictions source="#">
<restriction refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedules" refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-SCHEDULE-2D" refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-SCHEDULE-2D-crossheading-restrictions-etc-as-respects-shareholdings" refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-SCHEDULE-2D-paragraph-5" refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#d24e317" refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-1-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-2-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-2-part-I-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-2-part-II-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3-paragraph-1-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3-paragraph-2-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3-paragraph-3-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-part-I-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-part-I-crossheading-general-rules-as-to-applicable-law-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-1-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-part-I-crossheading-applicable-law-in-the-absence-of-choice-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-2-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-part-I-crossheading-mandatory-rules-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-3-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-part-I-crossheading-supplementary-provisions-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-4-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-5-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-part-II-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-part-II-crossheading-general-rules-as-to-applicable-law-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-6-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-7-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-part-II-crossheading-mandatory-rules-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-8-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-part-II-crossheading-supplementary-provisions-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-9-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-10-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-saving-for-requirements-directions-and-powers-under-the-companies-act-1967-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-1-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-periodic-actuarial-investigations-under-section-18-above-in-relation-to-any-period-of-twelve-months-beginning-before-1st-october-1982-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-2-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-adjustments-of-established-surplus-for-purposes-of-section-301-above-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-3-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-margins-of-solvency-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-4-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-5-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-postponement-of-coming-into-force-of-section-36-above-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-6-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-saving-for-schemes-of-operation-submitted-under-insurance-companies-authorisation-and-accounts-general-business-regulations-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-7-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-saving-for-requirements-under-section-29-of-the-insurance-companies-act-1974-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-8-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-postponement-of-effect-of-sections-373-and-383-above-in-respect-of-long-term-business-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-9-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-deposits-made-with-accountant-general-before-1st-january-1982-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-10-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-continuation-of-business-where-contract-made-before-1st-january-1982-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-11-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-applications-for-approval-of-transfer-made-before-1st-january-1982-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-12-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-saving-for-section-42-of-the-insurance-companies-act-1974-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-13-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-14-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-saving-for-winding-up-commenced-before-rules-made-under-section-365-of-the-companies-act-or-section-317-of-the-companies-northern-ireland-order-1986-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-15-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-saving-for-repeal-of-section-172-and-3-of-and-schedules-3-and-4-to-the-insurance-companies-act-1958-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-16-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-northern-ireland-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-17-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-18-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-continuing-offences-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-19-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-transitional-provisions-relating-to-sections-97-713-812-and-882-of-this-act-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-20-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-21-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-general-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-22-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-23-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-24-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-companies-act-1948-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-1-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-2-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-3-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-4-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-5-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-companies-act-1967-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-6-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-children-and-young-persons-act-northern-ireland-act-1968-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-7-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-employers-liability-compulsory-insurance-act-1969-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-8-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-9-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-10-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-employers-liability-defective-equipment-and-compulsory-insurance-northern-ireland-order-1972-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-11-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-12-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-local-government-act-1972-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-13-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-consumer-credit-act-1974-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-14-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-solicitors-act-1974-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-15-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-policyholders-protection-act-1975-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-16-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-17-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-insurance-brokers-registration-act-1977-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-18-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-19-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-credit-unions-act-1979-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-20-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-21-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-industrial-assurance-northern-ireland-order-1979-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-22-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-companies-act-1980-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-23-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-24-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-25-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-companies-act-1981-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-26-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-road-traffic-northern-ireland-order-1981-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-27-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-28-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-6-e+w+s+n.i." refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction refersTo="#period-from-2001-12-01" type="jurisdiction"/>
<restriction href="#schedules" refersTo="#period-from-1994-07-01-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-SCHEDULE-2D" refersTo="#period-from-1994-07-01-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-SCHEDULE-2D-crossheading-restrictions-etc-as-respects-shareholdings" refersTo="#period-from-1994-07-01-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-SCHEDULE-2D-paragraph-5" refersTo="#period-from-1998-01-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#d24e317" refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-1-e+w+s+n.i." refersTo="#period-from-1994-07-01-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-2-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-2-part-I-e+w+s+n.i." refersTo="#period-from-1997-03-21-to-2000-07-03" type="jurisdiction"/>
<restriction href="#schedule-2-part-II-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3-e+w+s+n.i." refersTo="#period-from-1994-07-01-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3-paragraph-1-e+w+s+n.i." refersTo="#period-to-1994-07-01" type="jurisdiction"/>
<restriction href="#schedule-3-paragraph-2-e+w+s+n.i." refersTo="#period-to-1994-07-01" type="jurisdiction"/>
<restriction href="#schedule-3-paragraph-3-e+w+s+n.i." refersTo="#period-to-1994-07-01" type="jurisdiction"/>
<restriction href="#schedule-3A-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-part-I-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-part-I-crossheading-general-rules-as-to-applicable-law-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-1-e+w+s+n.i." refersTo="#period-from-1994-07-01-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-part-I-crossheading-applicable-law-in-the-absence-of-choice-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-2-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-part-I-crossheading-mandatory-rules-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-3-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-part-I-crossheading-supplementary-provisions-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-4-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-5-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-part-II-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-part-II-crossheading-general-rules-as-to-applicable-law-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-6-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-7-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-part-II-crossheading-mandatory-rules-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-8-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-part-II-crossheading-supplementary-provisions-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-9-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-10-e+w+s+n.i." refersTo="#period-from-1993-05-20-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-saving-for-requirements-directions-and-powers-under-the-companies-act-1967-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-1-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-periodic-actuarial-investigations-under-section-18-above-in-relation-to-any-period-of-twelve-months-beginning-before-1st-october-1982-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-2-e+w+s+n.i." refersTo="#period-from-1993-11-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-adjustments-of-established-surplus-for-purposes-of-section-301-above-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-3-e+w+s+n.i." refersTo="#period-from-1993-11-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-margins-of-solvency-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-4-e+w+s+n.i." refersTo="#period-from-1993-11-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-5-e+w+s+n.i." refersTo="#period-from-1993-11-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-postponement-of-coming-into-force-of-section-36-above-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-6-e+w+s+n.i." refersTo="#period-from-1993-11-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-saving-for-schemes-of-operation-submitted-under-insurance-companies-authorisation-and-accounts-general-business-regulations-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-7-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-saving-for-requirements-under-section-29-of-the-insurance-companies-act-1974-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-8-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-postponement-of-effect-of-sections-373-and-383-above-in-respect-of-long-term-business-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-9-e+w+s+n.i." refersTo="#period-from-1993-11-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-deposits-made-with-accountant-general-before-1st-january-1982-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-10-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-continuation-of-business-where-contract-made-before-1st-january-1982-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-11-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-applications-for-approval-of-transfer-made-before-1st-january-1982-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-12-e+w+s+n.i." refersTo="#period-from-1993-11-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-saving-for-section-42-of-the-insurance-companies-act-1974-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-13-e+w+s+n.i." refersTo="#period-from-1993-11-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-14-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-saving-for-winding-up-commenced-before-rules-made-under-section-365-of-the-companies-act-or-section-317-of-the-companies-northern-ireland-order-1986-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-15-e+w+s+n.i." refersTo="#period-from-1993-11-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-saving-for-repeal-of-section-172-and-3-of-and-schedules-3-and-4-to-the-insurance-companies-act-1958-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-16-e+w+s+n.i." refersTo="#period-from-1993-11-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-northern-ireland-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-17-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-18-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-continuing-offences-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-19-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-transitional-provisions-relating-to-sections-97-713-812-and-882-of-this-act-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-20-e+w+s+n.i." refersTo="#period-from-1993-11-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-21-e+w+s+n.i." refersTo="#period-from-1993-11-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-crossheading-general-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-22-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-23-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-24-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-companies-act-1948-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-1-e+w+s+n.i." refersTo="#period-from-1993-11-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-2-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-3-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-4-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-5-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-companies-act-1967-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-6-e+w+s+n.i." refersTo="#period-from-1993-11-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-children-and-young-persons-act-northern-ireland-act-1968-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-7-e+w+s+n.i." refersTo="#period-from-1996-11-04-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-employers-liability-compulsory-insurance-act-1969-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-8-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-9-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-10-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-employers-liability-defective-equipment-and-compulsory-insurance-northern-ireland-order-1972-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-11-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-12-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-local-government-act-1972-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-13-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-consumer-credit-act-1974-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-14-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-solicitors-act-1974-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-15-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-policyholders-protection-act-1975-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-16-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-17-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-insurance-brokers-registration-act-1977-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-18-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-19-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-credit-unions-act-1979-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-20-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-21-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-industrial-assurance-northern-ireland-order-1979-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-22-e+w+s+n.i." refersTo="#period-from-1995-11-08-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-companies-act-1980-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-23-e+w+s+n.i." refersTo="#period-from-1993-11-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-24-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-25-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-companies-act-1981-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-26-e+w+s+n.i." refersTo="#period-from-1993-11-05-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-crossheading-the-road-traffic-northern-ireland-order-1981-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-27-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-5-paragraph-28-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
<restriction href="#schedule-6-e+w+s+n.i." refersTo="#period-to-2001-12-01" type="jurisdiction"/>
</restrictions>
<otherAnalysis source="">
<uk:confersPower href="#schedule-4-paragraph-6-e+w+s+n.i." value="true"/>
<uk:confersPower href="#schedule-4-paragraph-7-e+w+s+n.i." value="true"/>
<uk:match href="#schedule-3-paragraph-1-e+w+s+n.i." value="false"/>
<uk:match href="#schedule-3-paragraph-2-e+w+s+n.i." value="false"/>
<uk:match href="#schedule-3-paragraph-3-e+w+s+n.i." value="false"/>
<uk:commentary href="#schedule-SCHEDULE-2D-paragraph-5" refersTo="#c1484006"/>
<uk:commentary href="#schedule-2-part-II" refersTo="#c1483678"/>
<uk:commentary href="#schedule-3" refersTo="#c1484202"/>
<uk:commentary href="#schedule-3A" refersTo="#c1484204"/>
<uk:commentary href="#schedule-3A-part-I" refersTo="#c1484205"/>
<uk:commentary href="#schedule-3A-part-I-crossheading-general-rules-as-to-applicable-law" refersTo="#c1871923"/>
<uk:commentary href="#schedule-3A-paragraph-1" refersTo="#c1871972"/>
<uk:commentary href="#schedule-3A-paragraph-1" refersTo="#c1484206"/>
<uk:commentary href="#schedule-3A-part-I-crossheading-applicable-law-in-the-absence-of-choice" refersTo="#c1871936"/>
<uk:commentary href="#schedule-3A-paragraph-2" refersTo="#c1871937"/>
<uk:commentary href="#schedule-3A-part-I-crossheading-mandatory-rules" refersTo="#c1871938"/>
<uk:commentary href="#schedule-3A-paragraph-3" refersTo="#c1871941"/>
<uk:commentary href="#schedule-3A-paragraph-3" refersTo="#c1484207"/>
<uk:commentary href="#schedule-3A-part-I-crossheading-supplementary-provisions" refersTo="#c1871942"/>
<uk:commentary href="#schedule-3A-paragraph-4" refersTo="#c1871943"/>
<uk:commentary href="#schedule-3A-paragraph-4" refersTo="#c1484208"/>
<uk:commentary href="#schedule-3A-paragraph-5" refersTo="#c1871944"/>
<uk:commentary href="#schedule-3A-paragraph-5" refersTo="#c1484209"/>
<uk:commentary href="#schedule-3A-paragraph-5" refersTo="#c1484210"/>
<uk:commentary href="#schedule-3A-paragraph-5" refersTo="#c1875668"/>
<uk:commentary href="#schedule-3A-paragraph-5" refersTo="#c1484211"/>
<uk:commentary href="#schedule-3A-part-II" refersTo="#c1484212"/>
<uk:commentary href="#schedule-4-paragraph-1" refersTo="#c1484213"/>
<uk:commentary href="#schedule-4-paragraph-1" refersTo="#c1484214"/>
<uk:commentary href="#schedule-4-paragraph-1" refersTo="#c1484215"/>
<uk:commentary href="#schedule-4-paragraph-2" refersTo="#c1871772"/>
<uk:commentary href="#schedule-4-paragraph-3" refersTo="#c1871788"/>
<uk:commentary href="#schedule-4-paragraph-4" refersTo="#c1484217"/>
<uk:commentary href="#schedule-4-paragraph-5" refersTo="#c1484219"/>
<uk:commentary href="#schedule-4-paragraph-6" refersTo="#c1484221"/>
<uk:commentary href="#schedule-4-paragraph-7" refersTo="#c1484223"/>
<uk:commentary href="#schedule-4-paragraph-9" refersTo="#c1484224"/>
<uk:commentary href="#schedule-4-paragraph-10" refersTo="#c1484225"/>
<uk:commentary href="#schedule-4-paragraph-12" refersTo="#c1484227"/>
<uk:commentary href="#schedule-4-paragraph-13" refersTo="#c1484230"/>
<uk:commentary href="#schedule-4-paragraph-14" refersTo="#c1484231"/>
<uk:commentary href="#schedule-4-crossheading-saving-for-winding-up-commenced-before-rules-made-under-section-365-of-the-companies-act-or-section-317-of-the-companies-northern-ireland-order-1986" refersTo="#c1484232"/>
<uk:commentary href="#schedule-4-crossheading-saving-for-winding-up-commenced-before-rules-made-under-section-365-of-the-companies-act-or-section-317-of-the-companies-northern-ireland-order-1986" refersTo="#c1484233"/>
<uk:commentary href="#schedule-4-paragraph-15" refersTo="#c1484238"/>
<uk:commentary href="#schedule-4-paragraph-15" refersTo="#c1484239"/>
<uk:commentary href="#schedule-4-paragraph-15" refersTo="#c1484240"/>
<uk:commentary href="#schedule-4-paragraph-15" refersTo="#c1484241"/>
<uk:commentary href="#schedule-4-paragraph-15" refersTo="#c1484242"/>
<uk:commentary href="#schedule-4-paragraph-16" refersTo="#c1484248"/>
<uk:commentary href="#schedule-4-paragraph-17" refersTo="#c1484249"/>
<uk:commentary href="#schedule-4-paragraph-17" refersTo="#c1484250"/>
<uk:commentary href="#schedule-4-paragraph-18" refersTo="#c1484251"/>
<uk:commentary href="#schedule-4-paragraph-20" refersTo="#c1484254"/>
<uk:commentary href="#schedule-4-paragraph-21" refersTo="#c1484256"/>
<uk:commentary href="#schedule-4-paragraph-23" refersTo="#c1484257"/>
<uk:commentary href="#schedule-5" refersTo="#c1484258"/>
<uk:commentary href="#schedule-5-paragraph-1" refersTo="#c1484259"/>
<uk:commentary href="#schedule-5-paragraph-2" refersTo="#c1484260"/>
<uk:commentary href="#schedule-5-paragraph-3" refersTo="#c1484261"/>
<uk:commentary href="#schedule-5-paragraph-4" refersTo="#c1484262"/>
<uk:commentary href="#schedule-5-paragraph-5" refersTo="#c1484263"/>
<uk:commentary href="#schedule-5-paragraph-6" refersTo="#c1484266"/>
<uk:commentary href="#schedule-5-paragraph-7" refersTo="#c1484268"/>
<uk:commentary href="#schedule-5-paragraph-8" refersTo="#c1484269"/>
<uk:commentary href="#schedule-5-paragraph-9" refersTo="#c1484270"/>
<uk:commentary href="#schedule-5-paragraph-10" refersTo="#c1484271"/>
<uk:commentary href="#schedule-5-paragraph-11" refersTo="#c1484272"/>
<uk:commentary href="#schedule-5-paragraph-12" refersTo="#c1484273"/>
<uk:commentary href="#schedule-5-paragraph-13" refersTo="#c1484274"/>
<uk:commentary href="#schedule-5-paragraph-14" refersTo="#c1484275"/>
<uk:commentary href="#schedule-5-crossheading-the-solicitors-act-1974" refersTo="#c1484276"/>
<uk:commentary href="#schedule-5-crossheading-the-policyholders-protection-act-1975" refersTo="#c1484277"/>
<uk:commentary href="#schedule-5-paragraph-16" refersTo="#c1484278"/>
<uk:commentary href="#schedule-5-paragraph-17" refersTo="#c1484281"/>
<uk:commentary href="#schedule-5-paragraph-18" refersTo="#c1484282"/>
<uk:commentary href="#schedule-5-paragraph-19" refersTo="#c1484283"/>
<uk:commentary href="#schedule-5-crossheading-the-credit-unions-act-1979" refersTo="#c1484284"/>
<uk:commentary href="#schedule-5-paragraph-21" refersTo="#c1484285"/>
<uk:commentary href="#schedule-5-crossheading-the-industrial-assurance-northern-ireland-order-1979" refersTo="#c1484286"/>
<uk:commentary href="#schedule-5-paragraph-22" refersTo="#c1484288"/>
<uk:commentary href="#schedule-5-paragraph-22" refersTo="#c1484289"/>
<uk:commentary href="#schedule-5-crossheading-the-companies-act-1980" refersTo="#c1484291"/>
<uk:commentary href="#schedule-5-paragraph-23" refersTo="#c1484292"/>
<uk:commentary href="#schedule-5-paragraph-24" refersTo="#c1484293"/>
<uk:commentary href="#schedule-5-paragraph-25" refersTo="#c1484294"/>
<uk:commentary href="#schedule-5-paragraph-26" refersTo="#c1484296"/>
<uk:commentary href="#schedule-5-crossheading-the-road-traffic-northern-ireland-order-1981" refersTo="#c1484297"/>
<uk:commentary href="#schedule-5-paragraph-28" refersTo="#c1484298"/>
<uk:commentary href="#schedule-5-paragraph-28" refersTo="#c1484299"/>
<uk:commentary href="#schedule-6" refersTo="#c1484300"/>
</otherAnalysis>
</analysis>
<temporalData source="#">
<temporalGroup eId="period-to-1994-07-01">
<timeInterval end="#date-1994-07-01" refersTo="#"/>
</temporalGroup>
<temporalGroup eId="period-to-2001-12-01">
<timeInterval end="#date-2001-12-01" refersTo="#"/>
</temporalGroup>
<temporalGroup eId="period-from-1993-05-20-to-2001-12-01">
<timeInterval start="#date-1993-05-20" end="#date-2001-12-01" refersTo="#"/>
</temporalGroup>
<temporalGroup eId="period-from-1993-11-05-to-2001-12-01">
<timeInterval start="#date-1993-11-05" end="#date-2001-12-01" refersTo="#"/>
</temporalGroup>
<temporalGroup eId="period-from-1994-07-01-to-2001-12-01">
<timeInterval start="#date-1994-07-01" end="#date-2001-12-01" refersTo="#"/>
</temporalGroup>
<temporalGroup eId="period-from-1995-11-08-to-2001-12-01">
<timeInterval start="#date-1995-11-08" end="#date-2001-12-01" refersTo="#"/>
</temporalGroup>
<temporalGroup eId="period-from-1996-11-04-to-2001-12-01">
<timeInterval start="#date-1996-11-04" end="#date-2001-12-01" refersTo="#"/>
</temporalGroup>
<temporalGroup eId="period-from-1997-03-21-to-2000-07-03">
<timeInterval start="#date-1997-03-21" end="#date-2000-07-03" refersTo="#"/>
</temporalGroup>
<temporalGroup eId="period-from-1998-01-05-to-2001-12-01">
<timeInterval start="#date-1998-01-05" end="#date-2001-12-01" refersTo="#"/>
</temporalGroup>
<temporalGroup eId="period-from-2001-12-01">
<timeInterval start="#date-2001-12-01" refersTo="#"/>
</temporalGroup>
</temporalData>
<references source="#">
<TLCEvent eId="enactment" href="" showAs="EnactmentDate"/>
<TLCLocation eId="extent-e+w+s+ni" href="" showAs="E+W+S+N.I."/>
</references>
<notes source="#">
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c1484006" marker="F1">
<p>
Words in
<ref eId="c06274" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1982/50/schedule/2/paragraph/5">Sch. 2 para. 5</ref>
substituted (5.1.1998) by
<ref eId="c06275" href="http://www.legislation.gov.uk/id/uksi/1997/2781">S.I. 1997/2781</ref>
,
<ref eId="c06276" class="subref" href="http://www.legislation.gov.uk/id/uksi/1997/2781/article/8">art. 8</ref>
,
<ref eId="c06277" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/1997/2781/schedule/part/I/paragraph/66">Sch. Pt. I para. 66</ref>
(with
<ref eId="c06278" class="subref" href="http://www.legislation.gov.uk/id/uksi/1997/2781/article/7">art. 7</ref>
)
</p>
</note>
</notes>
<proprietary xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" source="#">
<dc:identifier>http://www.legislation.gov.uk/ukpga/1982/50/schedule/SCHEDULE/2D/crossheading/restrictions-etc-as-respects-shareholdings/1998-07-01</dc:identifier>
<dc:title>Insurance Companies Act 1982 (repealed)</dc:title>
<dc:description>An Act to consolidate the Insurance Companies Acts 1974 and 1981.</dc:description>
<dc:date>1982-11-01</dc:date>
<dc:type>text</dc:type>
<dc:format>text/xml</dc:format>
<dc:language>en</dc:language>
<dc:publisher>Statute Law Database</dc:publisher>
<dc:modified>2024-05-17</dc:modified>
<dct:valid>1998-07-01</dct:valid>
<ukm:PrimaryMetadata>
<ukm:DocumentClassification>
<ukm:DocumentCategory Value="primary"/>
<ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/>
<ukm:DocumentStatus Value="revised"/>
</ukm:DocumentClassification>
<ukm:Year Value="1982"/>
<ukm:Number Value="50"/>
<ukm:EnactmentDate Date="1982-10-28"/>
</ukm:PrimaryMetadata>
<ukm:Alternatives>
<ukm:Alternative Date="2008-10-27" URI="http://www.legislation.gov.uk/ukpga/1982/50/pdfs/ukpga_19820050_en.pdf" Title="Print Version"/>
</ukm:Alternatives>
<ukm:Statistics>
<ukm:TotalParagraphs Value="284"/>
<ukm:BodyParagraphs Value="140"/>
<ukm:ScheduleParagraphs Value="144"/>
<ukm:AttachmentParagraphs Value="0"/>
<ukm:TotalImages Value="1"/>
</ukm:Statistics>
</proprietary>
</meta>
<body>
<hcontainer name="schedules" eId="schedules">
<heading> SCHEDULES</heading>
<hcontainer name="schedule" eId="schedule-SCHEDULE-2D">
<num>
[
<noteRef href="#c1483953" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
SCHEDULE 2D]
</num>
<heading>
FURTHER PROVISIONS WITH RESPECT TO CONTROLLERS OF
<abbr class="acronym" title="United Kingdom">UK</abbr>
COMPANIES
</heading>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-SCHEDULE-2D-crossheading-restrictions-etc-as-respects-shareholdings" uk:target="true">
<heading>
Restrictions
<abbr title="et cetera" xml:lang="la">etc.</abbr>
as respects shareholdings
</heading>
<hcontainer name="subheading" class="schGroup7" eId="d25e107">
<heading/>
<paragraph eId="schedule-SCHEDULE-2D-paragraph-5" class="schProv1">
<num>5</num>
<subparagraph eId="schedule-SCHEDULE-2D-paragraph-5-1">
<num>(1)</num>
<intro>
<p>This paragraph applies where a person—</p>
</intro>
<level class="para1" eId="schedule-SCHEDULE-2D-paragraph-5-1-a">
<num>(a)</num>
<content>
<p>
has contravened section 61 or 61A above by becoming a shareholder controller of a
<abbr class="acronym" title="United Kingdom">UK</abbr>
company, or by acquiring a notifiable holding in such a company;
</p>
</content>
</level>
<level class="para1" eId="schedule-SCHEDULE-2D-paragraph-5-1-b">
<num>(b)</num>
<content>
<p>having become such a controller or acquired such a holding in contravention of section 61 or 61A above, continues to be such a controller or to retain that holding after being served with a notice of objection under paragraph 2 above;</p>
</content>
</level>
<level class="para1" eId="schedule-SCHEDULE-2D-paragraph-5-1-c">
<num>(c)</num>
<intro>
<p>having been served with a notice imposing conditions under paragraph 3 above in a case where—</p>
</intro>
<level class="para2" eId="schedule-SCHEDULE-2D-paragraph-5-1-c-i">
<num>(i)</num>
<content>
<p>a notice of objection to his becoming such a controller or acquiring such a holding would otherwise have been served under section 61 or 61A above, or</p>
</content>
</level>
<level class="para2" eId="schedule-SCHEDULE-2D-paragraph-5-1-c-ii">
<num>(ii)</num>
<content>
<p>a notice of objection to his continuing to be such a controller or retaining such a holding would otherwise have been served under paragraph 2 above,</p>
</content>
</level>
<wrapUp>
<p>has failed to comply with any of the conditions specified in the notice under paragraph 3 above; or</p>
</wrapUp>
</level>
<level class="para1" eId="schedule-SCHEDULE-2D-paragraph-5-1-d">
<num>(d)</num>
<content>
<p>having been served with a notice of objection under paragraph 4 above to his continuing to be such a controller,</p>
</content>
</level>
<wrapUp>
<p>continues to be such a controller; and references in this paragraph to the person in breach shall be construed accordingly.</p>
</wrapUp>
</subparagraph>
<subparagraph eId="schedule-SCHEDULE-2D-paragraph-5-2">
<num>(2)</num>
<intro>
<p>
The
<ins class="first last" ukl:ChangeId="d30p48209" ukl:CommentaryRef="c1484006">
<noteRef uk:name="commentary" href="#c1484006" class="commentary"/>
Treasury
</ins>
may by notice in writing served on the person in breach direct that any specified shares to which this paragraph applies shall, until further notice, be subject to one or more of the following restrictions—
</p>
</intro>
<level class="para1" eId="schedule-SCHEDULE-2D-paragraph-5-2-a">
<num>(a)</num>
<content>
<p>any transfer of or agreement to transfer the shares, or (in the case of unissued shares) any transfer of or agreement to transfer the right to be issued with the shares, shall be void;</p>
</content>
</level>
<level class="para1" eId="schedule-SCHEDULE-2D-paragraph-5-2-b">
<num>(b)</num>
<content>
<p>no voting rights shall be exercisable in respect of the shares;</p>
</content>
</level>
<level class="para1" eId="schedule-SCHEDULE-2D-paragraph-5-2-c">
<num>(c)</num>
<content>
<p>no further shares shall be issued in right of the shares or in pursuance of any offer made to the holder of the shares;</p>
</content>
</level>
<level class="para1" eId="schedule-SCHEDULE-2D-paragraph-5-2-d">
<num>(d)</num>
<content>
<p>except in a liquidation, no payment shall be made of any sums due from the company in respect of the shares, whether by way of a repayment of capital or otherwise.</p>
</content>
</level>
</subparagraph>
<subparagraph eId="schedule-SCHEDULE-2D-paragraph-5-3">
<num>(3)</num>
<intro>
<p>
The court may, on the application of the
<ins class="first last" ukl:ChangeId="d30p48243" ukl:CommentaryRef="c1484006">
<noteRef uk:name="commentary" href="#c1484006" class="commentary"/>
Treasury
</ins>
, by order direct that any specified shares to which this paragraph applies—
</p>
</intro>
<level class="para1" eId="schedule-SCHEDULE-2D-paragraph-5-3-a">
<num>(a)</num>
<content>
<p>shall be sold; and</p>
</content>
</level>
<level class="para1" eId="schedule-SCHEDULE-2D-paragraph-5-3-b">
<num>(b)</num>
<content>
<p>if they are for the time being subject to any restrictions under sub-paragraph (2) above, shall cease to be subject to those restrictions.</p>
</content>
</level>
</subparagraph>
<subparagraph eId="schedule-SCHEDULE-2D-paragraph-5-4">
<num>(4)</num>
<content>
<p>
Where an order has been made under sub-paragraph (3) above the court may, on the application of the
<ins class="first last" ukl:ChangeId="d30p48265" ukl:CommentaryRef="c1484006">
<noteRef uk:name="commentary" href="#c1484006" class="commentary"/>
Treasury
</ins>
, make such further order relating to the sale or transfer of the shares as it thinks fit.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-SCHEDULE-2D-paragraph-5-5">
<num>(5)</num>
<intro>
<p>Where the shares are sold in pursuance of an order under this section—</p>
</intro>
<level class="para1" eId="schedule-SCHEDULE-2D-paragraph-5-5-a">
<num>(a)</num>
<content>
<p>the net proceeds of the sale shall be paid into court for the benefit of persons beneficially interested in them; and</p>
</content>
</level>
<level class="para1" eId="schedule-SCHEDULE-2D-paragraph-5-5-b">
<num>(b)</num>
<content>
<p>any such person may apply to the court for the whole or any part of the proceeds to be paid to him.</p>
</content>
</level>
</subparagraph>
<subparagraph eId="schedule-SCHEDULE-2D-paragraph-5-6">
<num>(6)</num>
<intro>
<p>This paragraph applies to—</p>
</intro>
<level class="para1" eId="schedule-SCHEDULE-2D-paragraph-5-6-a">
<num>(a)</num>
<intro>
<p>all shares in the company which—</p>
</intro>
<level class="para2" eId="schedule-SCHEDULE-2D-paragraph-5-6-a-i">
<num>(i)</num>
<content>
<p>are held by the person in breach; and</p>
</content>
</level>
<level class="para2" eId="schedule-SCHEDULE-2D-paragraph-5-6-a-ii">
<num>(ii)</num>
<content>
<p>were not so held immediately before he became a shareholder controller of the company or, as the case may be, acquired a notifiable holding in the company; and</p>
</content>
</level>
</level>
<level class="para1" eId="schedule-SCHEDULE-2D-paragraph-5-6-b">
<num>(b)</num>
<intro>
<p>where the person in breach became such a controller or acquired such a holding as a result of the acquisition by him of shares or voting rights in another company, all shares in that company which—</p>
</intro>
<level class="para2" eId="schedule-SCHEDULE-2D-paragraph-5-6-b-i">
<num>(i)</num>
<content>
<p>are held by him; and</p>
</content>
</level>
<level class="para2" eId="schedule-SCHEDULE-2D-paragraph-5-6-b-ii">
<num>(ii)</num>
<content>
<p>were not so held immediately before he became such a controller or acquired such a holding.</p>
</content>
</level>
</level>
</subparagraph>
<subparagraph eId="schedule-SCHEDULE-2D-paragraph-5-7">
<num>(7)</num>
<intro>
<p>Sub-paragraph (6) above shall have effect as if references to the person in breach acquiring a notifiable holding in the company were—</p>
</intro>
<level class="para1" eId="schedule-SCHEDULE-2D-paragraph-5-7-a">
<num>(a)</num>
<content>
<p>in a case falling within paragraph (a), (b) or (c)(ii) of sub-paragraph (1) above, references to his doing so in contravention of section 61 or 61A above; and</p>
</content>
</level>
<level class="para1" eId="schedule-SCHEDULE-2D-paragraph-5-7-b">
<num>(b)</num>
<content>
<p>in a case falling within paragraph (c)(i) of sub-paragraph (1) above, references to his doing so after the service of the notice imposing conditions under paragraph 3 above.</p>
</content>
</level>
</subparagraph>
<subparagraph eId="schedule-SCHEDULE-2D-paragraph-5-8">
<num>(8)</num>
<content>
<p>A copy of the notice served on the person in breach under sub-paragraph (2) above shall be served on the company to whose shares or voting rights it relates.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-SCHEDULE-2D-paragraph-5-9">
<num>(9)</num>
<content>
<p>The jurisdiction conferred by this paragraph shall be exercisable by the High Court and theCourt of Session.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
</hcontainer>
</hcontainer>
</hcontainer>
</body>
</act>
</akomaNtoso>