(1) Subsection (2) shall apply if each of the following -

(a) a statement referred to in subsection (1) of section 10, and

(b) a copy of such a statement as is referred to in subsection (3) of that section,

has, in accordance with subsections (1) and (2) or, as the case may be, subsection (3) of that section, been furnished to the Registrar of Companies or the Listing Authority, as appropriate, by a participating issuer.

(2) Where this subsection applies, the migration of the relevant participating securities in the participating issuer shall, by virtue of this subsection, take effect on and from the live date.

(3) Without prejudice to the generality of section 3(2) -

(a) notwithstanding section 94(4) of the Act of 2014, section 2(1) of the Stock Transfer Act 1963 or any other enactment, with respect to the migration referred to in subsection (2), a written instrument of transfer shall not be necessary to transfer title to -