Companies (Transfers of Shares – Exemptions) (Jersey) Order 2014

Summary

This Order creates exemptions under the Companies (Jersey) Law 1991 for companies that have issued listed shares, easing the usual formalities around transferring and certificating shares where those shares are traded through recognised electronic settlement systems on approved exchanges.

• Article 42 exemption: A transfer of listed shares is exempt from Article 42(1) of the Companies (Jersey) Law 1991 where the transfer is made to or from an approved central securities depository or by means of an approved computer system, and is carried out in accordance with the relevant laws and rules of the approved securities exchange on which the shares are listed.
• Article 50 exemption: A company is generally not required to comply with Article 50(1) of the Law (share certificate requirements) in respect of allotments or transfers of its listed shares.
• Certificate on request: If a member holding listed shares makes a written request for a certificate, the company must complete and have the certificate ready for delivery within 2 months of receiving that request, unless the conditions of allotment provide otherwise.
• Scope of covered markets: Applies to shares listed on an EU/EFTA regulated market, a relevant regulated market, or the Johannesburg Stock Exchange, and to central securities depositories and computer systems approved by the relevant competent authority in those jurisdictions.

The Order has been amended multiple times since 2014, most recently with effect from 1 June 2026, mainly to update definitions and the scope of the Article 42 exemption; the current consolidated version reflects those changes.

Key obligations

• A company that receives a written request from a member holding listed shares for a share certificate must complete and have that certificate ready for delivery within 2 months of receiving the request, unless the conditions of allotment of the shares otherwise provide.

Applies to

companies that have issued listed shares, approved securities exchanges, approved central securities depositories

Deadlines

• within 2 months of receipt by the company of the written request: Company must complete and have ready for delivery a share certificate requested by a member holding listed shares

Related documents

• This document is made under Companies (Jersey) Law 1991