Seán Sherlock (Cork East, Labour) | Oireachtas source

I move amendment No. 216:

In page 791, to delete line 5 and substitute the following:“the time being governed by, as appropriate—

(a) regulations under section 1086, or

(b) for so long as they remain in force (including for any period as they may stand amended by regulations under section 1086), the Companies Act 1990 (Uncertificated Securities) Regulations 1996 (S.I. No. 68 of 1996).”.

The purpose of the amendment is to provide more accurate cross-referencing concerning the exemptions governing the restriction of transfer of shares. The amended section provides for Statutory Instrument 68 of 1996 relating to the Companies Act (Uncertified Securities) Regulation. This regulation provides for the transferring and recording of shares and other securities without stock transfer forms or certificates.

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