Companies Act 2014 section 984B

Application of Chapter

Section 984B sets out the commencement dates for the application of this Chapter on dematerialised securities, distinguishing between securities issued before and after 1 January 2023.

• This Chapter applies to applicable securities issued after 1 January 2023 from that date onwards.
• For applicable securities issued on or before 1 January 2023, the Chapter applies from 1 January 2025.
• The phased approach gives issuers of existing securities a two-year transition period to comply with the new requirements.
• The rules derive from the European Union (Dematerialised Securities) Regulations 2023 (SI 353/2023).