Companies Act 2006 - Part 18: Main legislation governing share buybacks, covering sections 658-737 on share capital acquisition, procedures for buybacks (690-708), payment requirements (691), and authority for off-market purchases (693)
Financial Services and Markets Act 2000: Regulatory framework covering market abuse provisions and rules regarding financial promotion in relation to share buybacks
Corporation Tax Act 2010: Legislation governing tax implications of share buybacks and the treatment of payments made to shareholders
Companies (Shares and Share Capital) Order 2009: Secondary legislation providing detailed regulations on share capital matters
Companies (Purchase of Own Shares) (Treasury Shares) Regulations 2003: Secondary legislation specifically dealing with treasury shares in the context of share buybacks
Market Abuse Regulation (EU) 596/2014: Retained EU law in UK governing market abuse prevention and insider dealing, relevant for listed companies conducting buybacks
Listing Rules: Regulatory requirements for listed companies conducting share buybacks, including disclosure and procedural requirements
Articles of Association: Company's constitutional document which must be checked for any specific provisions or restrictions on share buybacks
Shareholders' Agreements: Any existing agreements between shareholders that might affect or restrict share buyback arrangements
Financial Assistance Rules: Regulations preventing companies from providing financial assistance for the acquisition of their own shares
Distributable Reserves Requirements: Legal requirement that share buybacks can only be funded from distributable reserves or the proceeds of a fresh issue of shares
