Part 1Special Resolution Regime

Chapter 3 Special resolution action

Transfer of securities

19Conversion and delisting

(1)

A share transfer instrument or order may provide for securities to be converted from one form or class to another.

(2)

A share transfer instrument or order may provide for the listing of securities, under section 74 of the Financial Services and Markets Act 2000, to be discontinued F1or suspended.

F2(3)

Where the listing of securities is suspended in accordance with a share transfer instrument or order, those securities are to be treated for the purposes of section 96 of, and paragraph 23(6) of Schedule 1ZA to, the Financial Services and Markets Act 2000 as still being listed.