The draft Venture Capital Trust (Exchange of Shares and Securities) Regulations 2018 aim to provide certainty in relation to share-for-share exchanges by VCTs in share reorganisations or company reconstructions. The regulations are made under a power introduced by Finance (No 2) Act 2017, s13.
HM Treasury invites comments on the draft regulations by 2 January 2018. See http://bit.ly/2zLieMu.
The draft Venture Capital Trust (Exchange of Shares and Securities) Regulations 2018 aim to provide certainty in relation to share-for-share exchanges by VCTs in share reorganisations or company reconstructions. The regulations are made under a power introduced by Finance (No 2) Act 2017, s13.
HM Treasury invites comments on the draft regulations by 2 January 2018. See http://bit.ly/2zLieMu.
