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The Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996
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Official seal for share certificates
54.—(1) An investment company with variable capital which has a common seal may have, for use for sealing shares issued by the company and for sealing documents creating or evidencing shares so issued, an official seal which is a facsimile of its common seal with the addition on its face of the word “securities”.
(2) The official seal when duly affixed to a document has the same effect as the company’s common seal.
(3) Nothing in this regulation shall affect the right of an investment company with variable capital registered in Scotland to subscribe such shares and documents in accordance with the Requirements of Writing (Scotland) Act 1995(1).
(1)
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