VCM54000 - VCT: VCT approval: contents

1. VCM54010

   Introduction
2. VCM54020

   Conditions for full approval
3. VCM54030

   Conditions for provisional approval
4. VCM54040

   Listing condition
5. VCM54050

   Nature of the income condition
6. VCM54060

   Income retention condition
7. VCM54070

   15% holding limit condition
8. VCM54080

   70% qualifying holdings condition
9. VCM54090

   Definition of ‘securities’, and references to a company’s investments
10. VCM54095

    Non-qualifying loan investment
11. VCM54098

    Commercial rates of return
12. VCM54100

    70% qualifying holdings condition: disregard of disposals
13. VCM54110

    70% qualifying holdings condition: disregard of disposals: example
14. VCM54120

    70% qualifying holdings condition: disregard of disposals: qualifying holdings received
15. VCM54130

    70% qualifying holdings condition: disregard of disposals: further share issues, multiple disposals and mergers
16. VCM54140

    30% or 70% eligible shares condition
17. VCM54150

    Definition of ‘eligible shares’ in a holding
18. VCM54160

    Value of a holding
19. VCM54170

    Further share issues and 70% and 30% or 70% tests
20. VCM54175

    VCT approval: non-qualifying investments condition
21. VCM54180

    Investment limits condition
22. VCM54182

    Minimum investment on further issue condition
23. VCM54183

    Permitted maximum age condition
24. VCM54184

    No business acquisition condition
25. VCM54190

    Exchange of shares or securities in same company: valuation of new holding
26. VCM54200

    Exchange of shares or securities in same company: valuation of retained shares
27. VCM54210

    Exchange of shares or securities for those in another company: valuation of the new holding
28. VCM54220

    Reconstruction involving the issue of shares or securities: valuation of new holding
29. VCM54230

    Share exchanges and reconstructions: earn-outs
30. VCM54240

    Issue of shares or securities: apportioning value
31. VCM54250

    Applications for approval: how to apply
32. VCM54260

    Applications for approval: full approval
33. VCM54270

    Applications for approval: provisional approval
34. VCM54280

    Applications for approval: declarations
35. VCM54290

    Applications for approval: informal application for provisional approval
36. VCM54300

    Applications for approval: approval notices
37. VCM54310

    Applications for approval: refusal
38. VCM54320

    Applications for approval: provisional approval becoming full
39. VCM54330

    Maintaining approval: where full approval given
40. VCM54340

    Maintaining approval: where provisional approval given
41. VCM54350

    Breach of approval conditions: circumstances in which a breach can occur
42. VCM54360

    Breach of approval conditions: circumstances in which approval will not be withdrawn
43. VCM54370

    Breach of approval conditions: meaning of ‘outside the control’
44. VCM54380

    Breach of approval conditions: notification of breach
45. VCM54390

    Breach of approval conditions: correction without delay
46. VCM54400

    Withdrawal of approval: when approval may be withdrawn
47. VCM54410

    Withdrawal of approval: breach of approval conditions
48. VCM54420

    Withdrawal of approval: effects of withdrawal of full approval
49. VCM54430

    Withdrawal of approval: effects of withdrawal of provisional approval
50. VCM54440

    Withdrawal of approval: withdrawal notices