Section 301J(3)

In a restriction notice, the FCA may direct that shares or voting power to which the notice relates are, until further notice, subject to one or more of the following restrictions— except by court order, an agreement to transfer or a transfer of any such shares or voting power or, in the case of unissued shares, any agreement to transfer or transfer of the right to be issued with them, is void; no voting power is to be exercisable; no further shares are to be issued in pursuance of any right of the holder of any such shares or voting power or in pursuance of any offer made to their holder; except in a liquidation, no payment is to be made of any sums due from the body corporate on any such shares, whether in respect of capital or otherwise.

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Source: legislation.gov.uk · retrieved 2026-09-04