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The Global Human Rights Sanctions Regulations 2020

Changes over time for: Paragraph 14

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Point in time view as at 06/07/2020.

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Rights attached to shares held by way of securityU.K.

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14.  Rights attached to shares held by way of security provided by a person are to be treated for the purposes of this Schedule as held by that person—

(a)where apart from the right to exercise them for the purpose of preserving the value of the security, or of realising it, the rights are exercisable only in accordance with that person's instructions, and

(b)where the shares are held in connection with the granting of loans as part of normal business activities and apart from the right to exercise them for the purpose of preserving the value of the security, or of realising it, the rights are exercisable only in that person's interests.

Commencement Information

I1Sch. 1 para. 14 in force at 1pm on 6.7.2020, see reg. 1(2)

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