CTHIn ForceAct
Insurance Acquisitions and Takeovers Act 1991
12Certain interests in shares to be disregarded
Start here
Get a plain-English read of 12
Turn the raw legal text into a practical explanation grounded in Insurance Acquisitions and Takeovers Act 1991.
12 Certain interests in shares to be disregarded
For the purposes of this Act, the following interests must be disregarded: (a) an interest in a share of a person whose ordinary business includes the lending of money if the person holds the interest solely by way of security for the purposes of a moneylending agreement; (b) an interest in a share of a person, being an interest held by the person because the person holds a prescribed office; (c) an interest of a prescribed kind in a share, being an interest of such person as is prescribed.