http://www.legislation.gov.uk/uksi/2017/1212/regulation/112/2017-12-08
The Risk Transformation Regulations 2017
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Statute Law Database
FINANCIAL SERVICES AND MARKETS
2023-08-23
2017-12-08
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 3Share certificates
Evidence of title112
A share certificate specifying any shares held by a person is, unless the contrary is shown, sufficient evidence of that person's title to the shares provided the share certificate is—
a
issued under the common seal of the protected cell company;
b
in England and Wales, and Northern Ireland, authenticated in accordance with regulation 66; or
c
in Scotland, subscribed by the protected cell company in accordance with the Requirements of Writing (Scotland) Act 1995 M1.