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Status:
Point in time view as at 06/04/2018.
Changes to legislation:
Companies Act 2006, Section 194 is up to date with all changes known to be in force on or before 05 March 2025. 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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194Exception for transactions on recognised investment exchangeU.K.
This section has no associated Explanatory Notes
(1)Approval is not required under section 190 (requirement of members' approval for substantial property transactions) for a transaction on a recognised investment exchange effected by a director, or a person connected with him, through the agency of a person who in relation to the transaction acts as an independent broker.
(2)For this purpose—
(a)“independent broker” means a person who, independently of the director or any person connected with him, selects the person with whom the transaction is to be effected; and
(b)“recognised investment exchange” has the same meaning as in Part 18 of the Financial Services and Markets Act 2000 (c. 8).
Modifications etc. (not altering text)
Commencement Information
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