Investment Funds, Companies and Miscellaneous Provisions Act 2005

Amendment of section 57 of Act of 1963.

55.—Section 57 of the Act of 1963 is amended—

(a) by substituting for “shares or debentures” in each place where those words occur, “securities”,

(b) in subsection (1), by inserting after “stock exchange” “or regulated market”, and

(c) by adding the following subsection:

“(7) The provisions of this section shall not apply in relation to an allotment of non-equity securities.”.