Quoted and unquoted companiesU.K.
385Quoted and unquoted companiesU.K.
(1)For the purposes of this Part a company is a quoted company in relation to a financial year if it is a quoted company immediately before the end of the accounting reference period by reference to which that financial year was determined.
(2)A “quoted company” means a company whose equity share capital—
(a)has been included in the official list in accordance with the provisions of Part 6 of the Financial Services and Markets Act 2000 (c. 8), or
(b)is officially listed in an EEA State, or
(c)is admitted to dealing on either the New York Stock Exchange or the exchange known as Nasdaq.
In paragraph (a) “the official list” has the meaning given by section 103(1) of the Financial Services and Markets Act 2000.
(3)An “unquoted company” means a company that is not a quoted company.
(4)The Secretary of State may by regulations amend or replace the provisions of subsections (1) to (2) so as to limit or extend the application of some or all of the provisions of this Part that are expressed to apply to quoted companies.
(5)Regulations under this section extending the application of any such provision of this Part are subject to affirmative resolution procedure.
(6)Any other regulations under this section are subject to negative resolution procedure.
Modifications etc. (not altering text)
C1Ss. 380-416 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 10 (with transitional provisions and savings in regs. 7, 9, Sch. 2)
Commencement Information
I1S. 385 wholly in force at 6.4.2008; s. 385 not in force at Royal Assent, see s. 1300; s. 385 in force for specified purposes at 20.1.2007 by S.I. 2006/3428, art. 3(3) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5); s. 385 in force for certain purposes at 1.10.2007 by S.I. 2007/2194, art. 2(3)(b) (with saving in art. 12); s. 385 in force in so far as not already in force at 6.4.2008 by S.I. 2007/3495, art. 3(1)(d) (with savings in arts. 7, 12, Sch. 4 paras. 6-8)