Point in time view as at 31/12/2024.
There are currently no known outstanding effects for the Financial Services and Markets Act 2023, Paragraph 5.
5In section 7 (shares), in subsection (5)—
(a)at the beginning insert “Subsection (5A) applies”;
(b)the words from “made a loan” to “secured loan” become paragraph (a);
(c)at the end of that paragraph insert “, or
(b)entered into an agreement mentioned in section 11E(1) with a member, which is treated by virtue of section 11F(2) as a secured agreement.”;
(d)the words from “the member” to the end become subsection (5A).
Commencement Information
I1Sch. 14 para. 5 not in force at Royal Assent, see s. 86(3)
I2Sch. 14 para. 5 in force at 29.8.2023 by S.I. 2023/779, reg. 4(eee)
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