The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004

Exchange of Securities (General) Rules 1979

24.—(1) The Exchange of Securities (General) Rules 1979(1) are amended as follows.

(2) In rule 3 (interpretation), the definition of “the Bank” is omitted.

(3) In rule 5 (persons to whom acceptances are to be made), for “the Bank of England”, wherever occurring, there is substituted “the Registrar of Government Stock”.

(4) In rule 6 (manner of making acceptance)—

(a) for “Bank of England” there is substituted “Registrar of Government Stock”;

(b) for “Bank”, wherever occurring, there is substituted “Registrar of Government Stock”.

(5) In rule 7 (persons by whom acceptance may be made in special cases) for “Bank”, wherever occurring, there is substituted “Registrar of Government Stock”.

(6) For rule 12 (protection for the Bank, etc) there is substituted—

“Protection for the Bank, etc

12.— (1) The Bank of England, the Registrar of Government Stock, any previous Registrar of Government Stock and the Director of Savings may act on any evidence authorised by these Rules and are hereby indemnified for so doing.

(2) Nothing in these Rules shall affect the Bank of England, the Registrar of Government Stock, any previous Registrar of Government Stock or the Director of Savings with notice of any trust.”.

(1)

S.I. 1979/1678, to which there are amendments not relevant to this Order.