The Uncertificated Securities Regulations 1992

Lists of commercial controllers and approved persons

56.—(1) It is the duty of the Operator to maintain a list of commercial controllers which, for each such controller, sets out:

(a) the name of the controller;

(b) (where the Operator maintains its record of entitlements by using codes as permitted by regulation 70) the code allocated to the controller by the Operator;

(c) (if a body corporate) the address of its registered office;

(d) (if a body corporate) the country of its incorporation;

(e) (if an individual or unincorporated body of persons) the address of his or its principal place of business;

(f) the name and address of any persons appointed under regulation 95(2) to accept service of process on the controller’s behalf or otherwise the place in each jurisdiction upon which such service may be effected in connection with the performance of his or its functions under these Regulations; and

(g) the name and address of the controller’s default nominee,

and to provide a copy of the list to any person upon request.

(2) A commercial controller shall notify the Operator of any change in the particulars listed with respect to him or it in the list maintained under paragraph (1) which are required by sub-paragraphs (a), (c) to (e) or (g) of that paragraph and may notify the Operator where he or it wishes to amend the particulars given in the list in respect of sub-paragraph (f) thereof. The Operator shall amend the list as soon as practicable after receipt of any such notice.

(3) The Operator shall in addition maintain a list of persons it has admitted to perform the functions of an approved person, giving:

(a) the name of the person;

(b) (if a body corporate) its country of incorporation and the address of its registered office;

(c) (if a partners up or an individual) his or its principal place of business; and

(d) the name and address of any persons appointed under regulation 95(2) to accept service of process on the person’s behalf or otherwise the place in each jurisdiction upon which such service may be effected on the person in connection with the performance of the person’s functions under these Regulations.

The Operator shall provide a copy of the list to any person upon request.

(4) It shall be the duty of an approved person, where there has been a change in the particulars listed by reason of paragraph (3)(a) to (c) with respect to him or it in the list maintained by the Operator under paragraph (3), to notify the Operator as soon as reasonably practicable of the change; an approved person may notify the Operator where he or it wishes to amend the particulars given in the list by reason of paragraph (3)(d). The Operator shall amend the list as soon as reasonably practicable after receiving such a notice.

(5) Section 352(5) of the 1985 Act shall apply to a default in complying with the pro-visions of paragraphs (1) and (3) and the second sentence of paragraphs (2) and (4) as it applies with respect to a default in complying with section 352 of that Act, subject to the modification that references to “a company” or “the company” are to be treated as references to the Operator.