Search Legislation

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

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As made)

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

The Uncertificated Securities Regulations 2001

This section has no associated Explanatory Memorandum

29.—(1) The Uncertificated Securities Regulations 2001(1) are amended as follows.

(2) In regulation 3 (interpretation)—

(a)in paragraph (1)—

(i)the definition of “the 1965 Regulations” is omitted; and

(ii)after the definition of “the 2003 Regulations” there is inserted—

“the 2004 Regulations” means the Government Stock Regulations 2004;;

(b)in paragraph (3)(b), for “the Bank of England” there is substituted “the Registrar of Government Stock”.

(3) In paragraph (3) of regulation 21 (entries on registers and records in respect of general public sector securities), for “the Bank of England” there is substituted “the Registrar of Government Stock”.

(4) In paragraph (3)(b) of regulation 38 (certain formalities and requirements not to apply), for “regulation 3(2) of the 1965 Regulations” there is substituted “regulation 9(3) of the 2004 Regulations”.

(5) For paragraphs (c) and (d) of regulation 48 (exemption from liability), there is substituted—

(c)the Bank of England;

(d)the Registrar of Government Stock;

(e)any previous Registrar of Government Stock; or

(f)in respect of a security which immediately before it became a participating security was transferable by exempt transfer within the meaning of the Stock Transfer Act 1982, a participating issuer..

(6) Schedule 4 (keeping of registers and records of participating securities) is amended as follows—

(a)for sub-paragraph (2) of paragraph 12 (registers of general public sector securities) there is substituted—

(2) The following provisions of the 2004 Regulations shall not apply in respect of units of general UK Government securities held in uncertificated form—

  • regulations 7 to 9;

  • regulations 12 to 14;

  • regulations 16 to 24;

  • regulation 28; and

  • regulations 30 to 31.;

(b)in sub-paragraph (2) of paragraph 13 (records of uncertificated general public sector securities), for “in the office of the Chief Registrar of the Bank of England” there is substituted “by the Registrar of Government Stock”;

(c)for paragraphs (c) and (d) of paragraph 19(4), there is substituted—

(c)the Bank of England;

(d)the Registrar of Government Stock;

(e)any previous Registrar of Government Stock; or

(f)in respect of a security which immediately before it became a participating security was transferable by exempt transfer within the meaning of the Stock Transfer Act 1982, a participating issuer..

(1)

S.I. 2001/3755; regulations 3(3)(b) and 21(3) and paragraph 13(2) of Schedule 4 were amended by S.I. 2003/1633.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources