tailieunhanh - INVESTMENT AND SECURITIES ACT: Arrangement of Sections

There is also a sub-set of private investors: people who become shareholders in quoted companies by virtue of being shareholder employees of a company that goes through flotation; by holding performance-related share options; or by purchasing shares via company-sponsored schemes. In all cases, these shares may, ultimately, become ordinary (tradable) shares, although companies may impose restrictions on when shares can be bought or sold. Unusually, the UK offers companies and private investors a range of tax-efficient investment opportunities. These include investments made in shares of companies quoted on AIM; in Venture Capital Trusts (VCTs); in Enterprise Investment Scheme–qualifying (EIS). | INVESTMENT AND SECURITIES ACT Arrangement of Sections Part I Establishment of the Securities and Exchange Commission 1. Establishment of the Securities and Exchange Commission. 2. Composition of the Commission. 3. Tenure of office of full time Commissioners. 4. Cessation of Membership. 5. Remuneration and allowance. 6. Disclosure of interest. 7. Code of Ethics. Part II Function and Powers of the Commission 8. Function s and powers of the Com mission. 9. Powers to establish departments. Part III Staff 10. Director-General of the Commission. 11. Secretary and other staff of the Commission etc. 12. Service in the Commission to be pensionable. Part IV Financial Provisions 13. Fund of the Commission. 14. Powers to accept gift. 15. Fees etc. to b e paid 16. Borrowings by into the Consolidated Revenue F und of the Federation. 17. Application of the fund s 18. Annual estimates Commission. of the Com mission. account and audit. 19. Annual report. Part V Registration of Securities Exchanges and Capital Trade Points 20. Registration of Securities Ex changes and Cap ital Trade Points. 21. Registration . 22. Revocation of certificate of a Securities Exchange or Cap ital Trade Point. 23. Approval of amendments to Listing Rules. 24. Securities Exchange or Capital Points to give notice of disciplinary actions etc. 25. Disciplinary actions by a Securities Exchange etc. 26. Powers to issue directives to Securities Exchanges or Cap ital Trade Points. 27. Power of Commission to prohibit trading in particular securities. 28. Interpretation under this Part. Part VI Registration of Capital Market Operators 29. Registration of Capital 30. Interpretation under Market Operators . this Part. Part VII Registration of Securities and Registers of Interests in Securities 31. Application of this Part of 32. Electronic transfer of this Decree. securities etc. and prohibition of sale etc. 33. Register of securities. of securities without approval of the Commission. 34. Particulars of register.