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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2023 - onwards
  Version 5 of 5    

508A. Statement of qualification by qualifying company.

(1) A qualifying company shall issue to a qualifying investor, or managers of a designated fund or qualifying investment fund, as the case may be, a statement of qualification in respect of a qualifying investment.

(2) For the purposes of this Part, a 'statement of qualification' is a statement by the company to the effect that -

(a) the company is a qualifying company, and

(b) the investment is a qualifying investment within the meaning of section 496.

(3) The statement of qualification shall also -

(a) contain -

(i) in respect of the company, the company's name, address and tax reference number,

(ii) in respect of the share issue, the date of the share issue, the class of share issued, the amount subscribed and the number of shares issued,

(iii) where the investment is made by an individual, the individual's name, address and PPS Number,

(iv) where the investment is made through a designated fund or qualifying investment fund, the name, address and tax reference number of the designa

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