The Uncertificated Securities Regulations 2001

1. Introductory Text

2. PART 1 CITATION, COMMENCEMENT AND INTERPRETATION

   1. 1. Citation and commencement

   2. 2. Purposes and basic definition

   3. 3. Interpretation

3. PART 2 THE OPERATOR

   1. Approval and compliance

      1. 4. Applications for approval

      2. 5. Grant and refusal of approval

      3. 6. Fees charged by the Treasury

   2. Supervision

      1. 7. Withdrawal of approval

      2. 8. Compliance orders and directions

      3. 9. Injunctions and restitution orders

      4. 10. Provision of information by Operators

   3. Miscellaneous

      1. 11. Delegation of Treasury functions

      2. 12. International obligations

      3. 13. Prevention of restrictive practices

4. PART 3 PARTICIPATING SECURITIES

   1. Participation by issuers

      1. 14.–17. Participation in respect of shares

      2. 18. Interpretation of regulations 15, 16 and 17

      3. 19. Participation in respect of securities other than shares

   2. Keeping of registers and records

      1. 20. Entries on registers and records in respect of shares

      2. 21. Entries on registers and records in respect of public sector securities

      3. 22. Entries on registers and records in respect of other securities

      4. 23. General provisions concerning keeping registers and records

      5. 24. Effect of entries on registers

      6. 25. Rectification of registers of securities

      7. 26. Closing registers

      8. 27. Registration by an Operator of transfers of securities

      9. 28. Registration by a participating issuer of transfers of securities following their conversion into certificated form

      10. 29. Registration to be in accordance with regulations 27 and 28

      11. 30. Registration of linked transfers

      12. 31. Position of a transferee prior to entry on an issuer register of securities

   3. Conversions and new issues

      1. 32. Conversion of securities into certificated form

      2. 33. Conversion of securities into uncertificated form

      3. 34. New issues in uncertificated form

5. PART 4 DEMATERIALISED INSTRUCTIONS ETC.

   1. 35. Properly authenticated dematerialised instructions, etc.

   2. 36. Liability for forged dematerialised instructions, induced amendments to Operator registers of securities, and induced Operator-instructions

6. PART 5 MISCELLANEOUS AND SUPPLEMENTAL

   1. Miscellaneous

      1. 37. Construction of references to transfers etc.

      2. 38. Certain formalities and requirements not to apply

      3. 39. Fees charged by Operators

      4. 40. Trusts, trustees and personal representatives etc.

      5. 41. Notices of meetings etc.

      6. 42. Notices to minority shareholders

      7. 43. Irrevocable powers of attorney

      8. 44. Actual notice

      9. 45. Participating securities issued in uncertificated form

   2. Defaults and contraventions

      1. 46. Breaches of statutory duty

      2. 47. Liability of officers for contraventions

      3. 48. Exemption from liability

   3. Northern Ireland

      1. 49. Application to Northern Ireland

   4. Amendments and revocations

      1. 50. Transitory provisions

      2. 51. Minor and consequential amendments

      3. 52. Revocations

7. Signature

8. SCHEDULES:

   1. Schedule 1

      Requirements for approval of a person as an Operator

   2. Schedule 2

      Prevention of restrictive practices

   3. Schedule 3

      Procedure for refusal or withdrawal of approval as an Operator, or for giving directions, etc.

   4. Schedule 4

      Keeping of registers and records of participating securities

   5. Schedule 5

      Adaptations in respect of Northern Ireland

   6. Schedule 6

      Transitory provisions

   7. Schedule 7

      Minor and consequential amendments

      1. Part 1 Primary legislation

      2. Part 2 Subordinate legislation

9. Explanatory Note