Companies Act 2006: Primary legislation governing company law in England and Wales. Key sections include Parts 17-24 on share capital and shareholders' rights, Sections 540-542 on share classifications, and Sections 629-640 specifically addressing preference shares.
Financial Services and Markets Act 2000: Regulatory framework for financial services, particularly relevant if preference shares are offered to the public, including provisions on financial promotions and investor protection.
Companies (Model Articles) Regulations 2008: Secondary legislation providing default provisions for company articles, which may affect how preference shares are structured and managed.
Companies (Shares and Share Capital) Regulations 2009: Secondary legislation detailing technical requirements for share capital, including specific provisions for different share classes.
UK Listing Rules: Regulatory requirements for listed companies, including specific provisions for preference share listings and ongoing compliance obligations.
Common Law Precedents: Relevant case law establishing principles on shareholder rights, fiduciary duties of directors, and interpretation of preference share rights.
UK Corporate Governance Code: Best practice guidelines for corporate governance, particularly relevant for listed companies issuing preference shares.
Articles of Association: Company's constitutional document that must be reviewed for existing provisions regarding share classes and any restrictions on issuing preference shares.
Corporation Tax Act 2010: Tax legislation governing the corporate tax treatment of preference shares and dividend payments.
Income Tax Act 2007: Tax legislation covering the taxation of preference share dividends for shareholders.
