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715. Issue Of Certificates Etc: Allotment Or Transfer To Infastructure Body

Past version: effective from 29/04/2020 - 28/04/2020
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(1) A company-
(a) of which shares or debentures are allotted to a infrastrucutre body, or
(b) with which a transfer for transferring shares or debentures to an infrastructure body is lodged,
is not required in consequence of that allotment or transfer to comply with section 707(1) or 714(1) (duty of company as to issue of certificates etc).
(2) A “infrastructure body” means-
(a) a recognised clearing house acting in relation to a Recognised Investment Exchange, or
(b) a nominee of-
(i) a recognised clearing house acting in that way, or
(ii) a recognised investment exchange,
designated for the purposes of this section in the rules of the recognised investment exchange in question.