(1) Where the depositary of a company ceases, for any...
- Send depositary's statement to shareholders or apply to court within 14 days
Northern Ireland Statutory Rule
2004
United Kingdom
Open-Ended Investment Companies Regulations (Northern Ireland) 2004
At a glance
What's here
30 compliance obligations
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
(1) Subject to sub-paragraph (2), every open-ended investment company must...
- Keep a register of shareholders
(1) Every company must keep an index of the names...
- Keep an index of shareholders and update within 14 days
(1) Subject to regulation 50 and to FCA rules, the...
- Allow shareholders to inspect the register and provide copies free of charge
A company must exercise all due diligence and take all...
- Keep your shareholder register complete and up to date
(1) This paragraph does not apply to any issue or...
- Enter new shareholders on the register with required details
The register of shareholders of a company must be kept...
- Keep your shareholder register at your head office (or an alternative permitted location)
Where any shares are transferred to the company, the company...
- Cancel shares transferred to your company
(1) Where a transfer of shares is made by the...
- Do not register share transfers without evidence of transfer
(1) Except in the case of any transfer of shares...
- Do not register share transfers without required documents
In the case of any transfer of shares which meets...
- Register share transfers that meet the specified conditions
(1) A company may, before the end of the period...
- Give written notice to transferee if refusing to register a share transfer
(1) The remuneration of auditors of a company who are...
- You must fix auditor pay at a general meeting or let the meeting decide
(1) A company may by resolution remove an auditor from...
- Notify the Authority of an auditor removal resolution within 14 days
(1) A resolution at a general meeting of a company...
- Handle auditor removal or replacement with proper notice and shareholder information
(1) This paragraph applies where a notice of resignation of...
- Convene meeting and circulate statement on auditor's resignation if requested
(1) Where an auditor ceases for any reason to hold...
- Send auditor's exit statement to shareholders or apply to court within 14 days
(1) Every company must appoint an auditor or auditors in...
- Appoint auditor at each general meeting
Browse 52 other Schedules — structural / supplementary
On the coming into effect of an authorisation order in...
Subject to regulations 21 and 26, any subsequent appointment of...
The depositary of a company may not retire voluntarily except...
The depositary of a company is entitled –
(1) This paragraph applies where copies of a statement have...
The instrument of incorporation of an open-ended investment company must...
The statements referred to in paragraph 1(a) are –
(1) The instrument of incorporation must contain provision as to...
(1) The instrument of incorporation must also contain provision as...
(1) Once an authorisation order has been made in respect...
(1) The provisions of a company’s instrument of incorporation are...
(1) Sub-paragraphs (2) and (4) apply where, in accordance with...
The register of shareholders is prima facie evidence of any...
No notice of any trust, express, implied or constructive, is...
(1) The register of shareholders must contain an entry consisting...
The register of shareholders must contain a monthly statement of...
(1) This paragraph applies where the aggregate number of shares...
The instrument of incorporation of a company may contain provision...
Nothing in the preceding provisions of this Schedule prejudices any...
A transfer of registered shares that are held by a...
On the death of any one of the joint holders...
(1) Where, in respect of any transfer of shares, the...
A transfer of title to any bearer share in a...
Where the holder of bearer shares proposes to transfer to...
No person is eligible for appointment as auditor of an...
(1) Subject to sub-paragraph (2), the power of the Department...
(1) An auditor who has been removed from office has,...
(1) An auditor of a company may resign his office...
(1) An auditor who has resigned has, notwithstanding his removal,...
(1) If a person ceasing to hold office as auditor...
(1) A person is ineligible for appointment as auditor of...
Section 249(1) of the Act (disqualification of auditor for breach...
(1) No person is to act as auditor of a...
If, in any case, no auditors are appointed as required...
(1) The directors of a company, or the company in...
(1) Sub-paragraphs (2) to (5) apply to the appointment, as...
(1) The auditors of a company have a right of...
(1) The auditors of a company are entitled –
This Schedule applies to any reconstruction or amalgamation involving an...
An open-ended investment company may apply to the court under...
A public company may apply to the court under section...
(1) The schemes falling within this paragraph are –
An application made by virtue of paragraph 2 or 3...
(1) The provisions of the Companies Act 2006 referred to...
For section 1(4)(f) of the Stock Transfer Act (Northern Ireland)...
(1) Article 36 of the Companies (Northern Ireland) Order 1986...
(1) Article 207(2A) of the 1986 Order (interests to be...
In Article 217(1)(h) of the 1986 Order (interests to be...
In Article 228(1) of the 1986 Order (definitions for Part...
In Article 667(2) of the 1986 Order (exemptions from application...
In section 34(6) of the Pension Schemes (Northern Ireland) Act...
In Schedule 1 to the Company Directors Disqualification (Northern Ireland)...
Safekeeping of scheme property by depositary
- Entrust all scheme property to a depositary for safekeeping
Requirements for authorisation
- Meet authorisation requirements for your open-ended investment company
Registrar’s approval of names
- Obtain Authority's approval before changing company name
The Authority’s approval for certain changes in respect of a company
- Notify the Authority of major company changes and wait for approval
Directors
- Directors must manage the company's business and follow appointment rules
Inspection of directors' service contracts
- Keep directors' service contracts available for shareholder inspection
General meetings
- Hold an annual general meeting each year
Share certificates
- Prepare and issue share certificates to shareholders when required
Name to appear in correspondence etc.
- Show company name on all business letters and documents
Particulars to appear in correspondence etc.
- Include required particulars on all correspondence and documents
Reports: accounts
- Include accounts and auditors' report in annual report
Evidence of grant of probate etc.
- Accept grant of probate or letters of administration as sufficient evidence
Browse 72 other sections — procedural / definitional / commencement
Citation, commencement and extent
Interpretation
Open-ended investment company
Registration by the Authority
FCA rules
Modification or waiver of FCA rules
Notices: general
Publication
The regulator’s procedures
The Tribunal
Applications for authorisation
Particulars of directors
Authorisation
Representations against refusal of authorisation
Certificates
Prohibition on certain names
Registrar’s index of company names
Procedure when refusing approval of proposed changes
Ending of authorisation
Procedure
Directions
Applications to the court
Procedure on giving directions under regulation 25 and varying them on Authority’s own initiative
Procedure: refusal to revoke or vary direction
Procedure: revocation of direction and grant of request for variation
Power to investigate
Winding up by the court
Dissolution on winding up by the court
Dissolution in other circumstances
Directors to have regard to interests of employees
Capacity of company
Power of directors and general meeting to bind the company
No duty to enquire as to capacity etc.
Exclusion of deemed notice
Restraint and ratification by shareholders
Events affecting company status
Invalidity of certain transactions involving directors
Shares
Exceptions from regulation 46
Bearer shares
Register of shareholders
Power to close register
Power of court to rectify register
Share transfers
Power incidental to carrying on business
Contracts
Execution of documents
Execution of deeds outside the United Kingdom
Authentication of documents
Official seal for share certificates
Personal liability for contracts and deeds
Exemptions from liability to be void
Power of court to grant relief in certain cases
Punishment for fraudulent trading
Power to provide for employees on cessation or transfer of business
Reports: preparation
Reports: voluntary revision
Auditors
Mergers and divisions
Register of open-ended investment companies
Companies' registered numbers
Delivery of documents to the Authority
Keeping of company records by the Authority
Inspection etc. of records kept by the Authority
Provision by the Authority of documents in non-legible form
Public notice by the Authority of receipt and issue of certain documents
Exclusion of deemed notice
Contraventions
Offences by bodies corporate etc.
Jurisdiction and procedure in respect of offences
Minor and consequential amendments
Revocation etc.
Explore more
Browse legislation
Find other UK business legislation with related guidance.