Part 21Certification and transfer of securities
Chapter 2Evidencing and transfer of title to securities without written instrument
Introductory
783Scope of this Chapter
In this Chapter—
a
“securities” means shares, debentures, debenture stock, loan stock, bonds, units of a collective investment scheme within the meaning of the Financial Services and Markets Act 2000 (c. 8) and other securities of any description;
b
references to title to securities include any legal or equitable interest in securities;
c
references to a transfer of title include a transfer by way of security;
d
references to transfer without a written instrument include, in relation to bearer securities, transfer without delivery.
784Power to make regulations
1
The power to make regulations under this Chapter is exercisable by the Treasury and the Secretary of State, either jointly or concurrently.
2
References in this Chapter to the authority having power to make regulations shall accordingly be read as references to both or either of them, as the case may require.
3
Regulations under this Chapter are subject to affirmative resolution procedure.