Stocks and shares: investments on alternative markets: Rule 4.2(a)
This related to shares of small companies who did not have dealings very often, were not regulated by the Stock Exchange, and were classed as “unlisted”.
Companies could trade their shares under Stock Exchange Rule 4.2(a), which was an informal arrangement for matching bargains. This arrangement actually threatened to grow into a secondary market in its own right and prompted the development of the USM (IHTM18339).
If the deceased/transferor had shares in a Rule 4.2(a) company
you can issue a Val70 (IHTM18151) in the normal manner for Shares and Assets Valuation (IHTM18141) to consider
- the value offered and
- the availability of business relief (IHTM25131).