In force2020 Revised Edition

Contents

Variable Capital Companies Act 2018 · 2020 Revised Edition · Part 2 · Administration of Act

10. Electronic transaction system

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(1)

The Registrar may —

(a)

require or permit any person to carry out any transaction with the Registrar under this Act; and

(b)

issue any approval, certificate, notice, determination or other document pursuant or connected to a transaction mentioned in paragraph (a),using the electronic transaction system established under Part 6A of the Accounting and Corporate Regulatory Authority Act 2004.

(2)

If the Registrar is satisfied that a transaction should be treated as having been carried out at some earlier date and time, than the date and time which is reflected in the electronic transaction system, the Registrar may cause the electronic transaction system and the registers kept by the Registrar to reflect such earlier date and time.

(3)

The Registrar must keep a record whenever the electronic transaction system or the registers are altered under subsection (2).

(4)

In this section —

“document” includes any application, form, report, certification, notice, confirmation, declaration, return or other document (whether in electronic form or otherwise) filed or lodged with, or submitted to the Registrar;

“transaction”, in relation to the Registrar, means —

(a)

the filing or lodging of any document with the Registrar, or the submission, production, delivery, providing or sending of any document to the Registrar;

(b)

the making of any application, submission or request to the Registrar;

(c)

the provision of any undertaking or declaration to the Registrar; or

(d)

the extraction, retrieval or accessing of any document, record or information maintained by the Registrar.