F11Simplified transfer of securities.N.I.
(1)Registered securities to which this section applies may be transferred by means of an instrument under hand in the form set out in Schedule 1 (in this Act referred to as a stock transfer), executed by the transferor only and specifying (in addition to the particulars of the consideration, of the description and number or amount of the securities, and of the person by whom the transfer is made) the full name and address of the transferee.
(2)The execution of a stock transfer need not be attested; and where such a transfer has been executed for the purpose of a stock exchange transaction, the particulars of the consideration and of the transferee may either be inserted in that transfer or, as the case may require, be supplied by means of separate instruments in the form set out in Schedule 2 (in this Act referred to as brokers transfers), identifying the stock transfer and specifying the securities to which each such instrument relates and the consideration paid for those securities.
(3)Nothing in this section shall be construed as affecting the validity of any instrument which would be effective to transfer securities apart from this section; and any instrument purporting to be made in any form which was common or usual before the commencement of this Act, or in any other form authorised or required for that purpose apart from this section, shall be sufficient, whether or not it is completed in accordance with the form, if it complies with the requirements as to execution and contents which apply to a stock transfer.
(4)This section applies to fully paid up registered securities of any description, being—
(a)securities issued by any company[F2 as defined in section 1(1) of the Companies Act 2006] except a company limited by guarantee or an unlimited company;
(b)securities issued by any body (other than a company [F3as so defined]) incorporated or deemed to be incorporated in Northern Ireland by or under any enactment or by Royal Charter except a building society registered under the Building Societies Acts (Northern Ireland) 1874 to 1940F4 or a society registered under the Industrial and Provident Societies Act 1893 [1893 c.39] F5;
(c)securities issued by the Government of Northern Ireland, F6...
(d)securities issued by any local authority;
[F7(e)units of an authorised unit trust scheme or a recognised scheme within the meaning of[F8 Part 17 of the Financial Services and Markets Act 2000].]
[F9(f)shares issued by an open-ended investment company within the meaning of the Open-ended Investment Companies Regulations (Northern Ireland) 2004.]
[F10(g)shares issued by a protected cell company within the meaning of Part 4 of the Risk Transformation Regulations 2017.]
F1SR 1979/66
F2Words in s. 1(4)(a) substituted (1.10.2009) by Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 2(1), Sch. 1 para. 11(2) (with art. 10)
F3Words in s. 1(4)(b) substituted (1.10.2009) by Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 2(1), Sch. 1 para. 11(3) (with art. 10)
F8SI 2001/3649
F9SR 2004/335
F10S. 1(4)(g) inserted (8.12.2017) by The Risk Transformation Regulations 2017 (S.I. 2017/1212), reg. 1(2), Sch. 4 para. 2 (with reg. 189)