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Schedule 11, Part 5, paragraph 94(1)

FSMA 2023

In this paragraph “onward transfer” means a transfer (whether or not under a power in this Schedule) of securities issued by a CCP where— securities issued by the CCP were earlier transferred by a share transfer instrument under paragraph 29(3) or 30(2), or the CCP was the transferee under a property transfer instrument under paragraph 29(3).

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