14. In the 1965 Regulations—U.K.
(a)in regulation 1(3), for “Subject (in the case of stock which is a participating security) to any provision made by or under the 1995 Regulations, in” there shall be substituted “In”;
(b)in regulation 2(1), for “Subject to Regulation 5 of the Stock Transfer (Gilt-edged Securities) (CGO Service) Regulations 1985 and (in the case of stock which is a participating security) any provision made by or under the 1995 Regulations, every” there shall be substituted “Every”;
(c)in regulation 3B(2), for “the register” there shall be substituted—
“(a)a register kept under regulation 1(1) or (1A) hereof; or
(b)a register kept by the Operator of a relevant system under the 2001 Regulations,”;
(d)in regulation 4(1)—
(i)the words “and Regulation 4B” shall be omitted from paragraph (1);
(ii)after paragraph (4) there shall be inserted—
“(5) Units of stock which are recorded on a register kept by the Operator of a relevant system under the 2001 Regulations shall be transferable in no other manner than by means of that system in accordance with those Regulations.
(6) A strip shall be transferable in no other manner than by means of a relevant system operated by an Operator in accordance with the 2001 Regulations.”;
(e)in regulation 5, for “Subject (in the case of stock which is a participating security) to any provision made by or under the 1995 Regulations, the” there shall be substituted “The”;
(f)in regulation 10—
(i)for “Subject (in the case of stock which is a participating security) to any provision made by or under the 1995 Regulations, the” there shall be substituted “The”; and
(ii)there shall be omitted the words from “or, in the case of an exempt transfer” to the end;
(g)in regulation 14(6), 15(4) and 16(4)—
(i)there shall be omitted the words “to Regulation 4B and”; and
(ii)for “the 1995 Regulations” there shall be substituted “the 2001 Regulations”;
(h)in regulation 23(1), for ““the 1995 Regulations” means the Uncertificated Securities Regulations 1995 as amended from time to time;” there shall be substituted ““the 2001 Regulations” means the Uncertificated Securities Regulations 2001 as amended from time to time;”;
(i)in regulation 23(1), the definitions of “the CGO Service”; “CGO Service member”; and “an exempt transfer” shall be omitted; and
(j)in regulation 23(1A), for “the 1995 Regulations” there shall be substituted “the 2001 Regulations”.
Commencement Information
I1Sch. 7 para. 14 in force at 26.11.2001, see reg. 1
Paragraph (1) of regulation 4 was numbered as such by article 2 of S.I. 1981/1004 and amended by regulation 4 of S.I. 1985/1146 and regulation 2 of S.I. 2000/1681; paragraphs (2) to (4) of regulation 4 were inserted by article 2 of S.I. 1981/1004, regulation 4 of S.I. 1985/1146 and regulation 4 of S.I. 1997/1709 respectively.