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The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001
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The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Section 18A is up to date with all changes known to be in force on or before 05 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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- Sch. 3 Pt. 1 para. 2(c) words substituted by S.I. 2023/548 art. 2(5)
[F1Dealing by a company in its own sharesU.K.
18A.—(1) A company does not carry on an activity of the kind specified by article 14 by purchasing its own shares where [F2section 724 of the Companies Act 2006] (Treasury shares) applies to the shares purchased.
(2) A company does not carry on an activity of the kind specified by article 14 by dealing in its own shares held as treasury shares, in accordance with [F3section 727 (Treasury shares: disposal) or 729 (Treasury shares: cancellation) of that Act].
(3) In this article “shares held as treasury shares” has the same meaning as in that Act.]
Textual Amendments
F1Art. 18A inserted (1.12.2003) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 3) Order 2003 (S.I. 2003/2822), arts. 1, 3
F2Words in art. 18A(1) substituted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), arts. 1(2), 13(3)(a)
F3Words in art. 18A(2) substituted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), arts. 1(2), 13(3)(b)
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