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Financial Services and Markets Act 2023

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Changes over time for: Paragraph 5

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Point in time view as at 31/12/2024.

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There are currently no known outstanding effects for the Financial Services and Markets Act 2023, Paragraph 5. Help about Changes to Legislation

SharesE+W+S

This section has no associated Explanatory Notes

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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