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The Uncertificated Securities Regulations 1992
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- UK Statutory Instruments
- 1992 No. 225
- PART IV
- CHAPTER I
- Regulation 23
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Entitlement as an interest in shares for the purposes of the 1985 Act
23.—(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).
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