Commencement and transitional provision

– in the House of Commons am 9:47 pm ar 27 Tachwedd 2023.

Danfonwch hysbysiad imi am ddadleuon fel hyn

(9) The amendments made by this Resolution have effect in relation to instruments executed on or after 1 January 2024.

(10) Paragraph (11) applies in relation to securities constituted by or transferable by means of an instrument issued before 1 January 2024.

(11) The amendments made by paragraph (7) are to be disregarded.

(12) Paragraph (13) applies in relation to bearer instruments issued before 1 January 2024-

(a) in the United Kingdom, or

(b) outside the United Kingdom by or on behalf of a UK company.

(13) The amendment made by paragraph (8)(b) is to be disregarded.

(14) In paragraph (12) “bearer instrument" and “UK company” have the same meaning as in Schedule 15 to the Finance Act 1999 (see paragraphs 3 and 11 of that Schedule).

And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of section 50 of the Finance Act 1973.