Effect of a transfer
This section has no associated Explanatory Memorandum
24.—(1) Section 17 (effect of a share transfer instrument or order)(1) is amended as follows.
(2) In subsection (1), after “order” insert “, by a mandatory reduction instrument”.
(3) In subsection (5), after “order” insert “, a mandatory reduction instrument”.
(4) In subsection (6), after “order” insert “, a mandatory reduction instrument”.
(1)
Section 17 was amended by paragraph 14 of Schedule 2 to the Financial Services (Banking Reform) Act 2013.