Transitional Provisions
LR TR 1
Transitional Provisions: General and Venture Capital Trusts
General Transitional Provisions| (1) | (2) Material to which the transitional provision applies | (3) | (4) Transitional provision | (5) Transitional provision: dates in force | (6) Handbook provision: coming into force |
| 1 | Amendments to LR set out in Annex B of the Transparency Obligations Directive (Disclosure and Transparency Rules) Instrument 2006, relating to: (i) DTR 4 and periodic financial reporting; and (ii) DTR 6 in so far as they may relate to, or are required to give effect to, amendments in (i). | R | The amendments described in column 2 shall have effect as follows: | From 20 January 2007 | |
| 1A | LR provisions referring to Companies Acts 1985, 2006 or related provisions. | R | (1) To the extent that the whole or part of a provision of the Companies Act 2006 is yet to come into force, any reference to that provision or part of it should be read as a reference to the corresponding provision of the Companies Act 1985 currently in force (subject to the application of any relevant transitional provisions in the Companies Act 2006 or the rules). (2) To the extent that the whole or part of a provision of the Companies Act 1985 is no longer in force it shall be read as a reference to the corresponding provision of the Companies Act 2006 or relevant DTRrule that has superseded it (subject to the application of any relevant transitional provisions). | 6 October 2007 | 20 January 2007 |
| 1B | LR 12.4.7 R (2) | R | A company may obtain the approval required by LR 12.4.7 R (2) by extraordinary resolution (rather than a special resolution) if there is a reference to an extraordinary resolution in the company's memorandum and articles which requires or permits it and which continues to have effect by virtue of article 9 and paragraph 23 of Schedule 3 of The Companies Act 2006 (Commencement No.3, Consequential Amendments, Transitional Provisions and Savings) Order 2007. | From 6 February 2008 until further notice | 1 July 2005 |
| (1) | (2) Material to which the transitional provision applies | (3) | (4) Transitional provision | (5) Transitional provision: dates in force | (6) Handbook provision: coming into force |
| 2 | LR 15.2.11 R - LR 15.2.13 G and LR 15.4.7 R | R | Do not apply in respect of a venture capital trust listed before the date this instrument comes into force. | From 28 September 2007 to 28 September 2010 | 28 September 2007 |
| 3 | LR 15.6.8 R | R | Does not apply in respect of a venture capital trust listed before the date this instrument comes into force. | From 28 September 2007 to 28 September 2010 | 28 September 2007 |
| 4 | LR 11.1.5R (2) | R | Does not apply to arrangements between a venture capital trust and its investment manager where: (1) the arrangements are such that each invests in or provides finance to a company and the investment or provision of finance is made either (a) at the same time and on the same terms; or (b) in accordance with a pre-existing agreement between the venture capital trust and its investment manager; and (2) the venture capital trust was listed before the date this instrument comes into force. | From 28 September 2007 to 28 September 2010 | 28 September 2007 |
- 06/02/2008