The following Corporate Q&A provides comprehensive and up to date legal information covering:
The focus of this Q&A is on electronic signatures, rather than the distinct topic of how to conduct virtual signings in which copies of a contract may be circulated electronically to signatories at different locations and then signed in hardcopy (and may subsequently be circulated in scanned form), for which, see Practice Notes: Virtual execution of documents and Executing documents—deeds and simple contracts.
In addition, this Q&A relates to a transfer of certificated shares (ie not shares traded via the CREST system, see Practice Note: Form of transfer of shares). It exclusively considers the position and assumes no foreign legal (or cross-border) considerations arise.
As explained in Practice Note: Transfer of shares—law and procedure, the form that an instrument of transfer takes is governed by the Stock Transfer Act 1963 (STA 1963) and the articles of association of the company whose shares are being transferred. If STA 1963 applies, a company's shares may be transferred using the stock transfer form it specifies, rather than any provided for in the company's articles. However, STA 1963 does not invalidate instruments of transfer that would otherwise satisfy the requirements of a company's articles (STA 1963, ss 1–4 and Sch 1). As STA 1963 applies only to fully-paid shares, the requirements of a company's articles as to the form of an instrument of transfer are those that must be observed
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Tipping off and prejudicing an investigationIt would undermine the benefit to the authorities if, a suspicious activity report (SAR) having been made, the alleged offender were to be made aware of the interest in their activities so that they could take steps to cover up their misdeeds or disappear.
The Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of business by a regulated firm relevant to insurers: the Conduct of Business Sourcebook (COBS) and the Insurance Conduct of Business Sourcebook (ICOBS). This Practice Note considers how these
This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA documentation and related topics. It covers LMA updates from early 2013 to January 2016. For the latest LMA developments since January 2016, see Practice Note: Loan Market Association (LMA)—latest news on
This Precedent letter covers disclosure obligations under CPR 31. It does not apply to proceedings subject to the disclosure pilot scheme under CPR PD 51U. For guidance on the disclosure pilot scheme, see Practice Note: Business and Property Courts—the disclosure pilot scheme. For a client letter on
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