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.
(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.