http://www.legislation.gov.uk/uksi/2017/1212/regulation/101
The Risk Transformation Regulations 2017
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Statute Law Database
FINANCIAL SERVICES AND MARKETS
2024-05-16
Expert Participation
2023-07-11
These Regulations make provision for transformer vehicles, within the meaning given by section 284A of the Financial Services and Markets Act 2001 (c. 8; section 284A was inserted by section 31 of the Bank of England and Financial Services Act 2016 (c. 14)). They are to be read with the Risk Transformation (Tax) Regulations 2017. Collectively, these Regulations facilitate and regulate the issue of insurance linked securities in the United Kingdom.
The Risk Transformation Regulations 2017
Regulations
Financial Services and Markets Act 2023
Sch. 1
Pt. 2
s. 1(4)
s. 86(3)
The Risk Transformation Regulations 2017
PART 4Protected Cell Companies
CHAPTER 9Shares and shareholders
SECTION 2Issue, allotment and alteration of share capital
Numbering of shares101
1
Each share issued on behalf of a part of protected cell company must be distinguished by its appropriate number, except in the following circumstances.
2
A share issued on behalf of a part of a protected cell company need not have a distinguishing number provided—
a
all the shares issued on behalf of that part are fully paid up and rank pari passu for all purposes; or
b
all the shares issued on behalf of that part and belonging to the same class as that share are fully paid up and rank pari passu for all purposes.