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1.—(1) This Order may be cited as the Financial Services Act 1986 (Exemption) Order 1996.
(2) Articles 1 and 2 of this Order shall come into force on 10th July 1996 and article 3 shall come into force on 15th July 1996.
(3) In this Order—
“Operator” means a person approved as such by the Treasury under the Uncertificated Securities Regulations 1995(1);
“dematerialised instruction” has the meaning given in the Uncertificated Securities Regulations 1995; and
the expression “properly authenticated”, when used to describe a dematerialised instruction shall be construed in accordance with regulation 3(2)(a) of those Regulations.
S.I. 1995/3272.
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