Financial Markets Conduct (Phase 1) Regulations 2014

  • revoked
  • Financial Markets Conduct (Phase 1) Regulations 2014: revoked, on 1 December 2014, by regulation 281 of the Financial Markets Conduct Regulations 2014 (LI 2014/326).

Part 5
Financial reporting

48 Entities that are FMC reporting entities as a result of exclusions
  • (1) For the purposes of clause 27A of Schedule 1 of the Act, an entity that has made an offer in reliance upon clause 12 of Schedule 1 of the Act is an FMC reporting entity if it has 50 or more relevant shareholders and 50 or more parcels of relevant shares.

    (2) In subclause (1),—

    relevant shareholder means a shareholder who holds a voting product of the entity that was acquired under an offer made in reliance upon clause 12 of Schedule 1 of the Act

    relevant shares means voting products of the entity acquired under an offer made in reliance upon clause 12 of Schedule 1 of the Act.