SCHEDULES
SCHEDULE 3TRANSITIONAL PROVISIONS AND SAVINGS
Part IV of this Act
2
1
Sub-paragraph (2) applies if, immediately before the day on which Part IV of this Act comes into operation, a bank holds any bearer securities deposited with it under section 7(1) of the 1958 Act (investment in bearer securities).
2
On and after the day on which Part IV comes into operation, the bank shall be treated as if it had been appointed as custodian of the securities under section 18.