SCHEDULES

C1C4C3C2 SCHEDULE 12Taking control of goods

Annotations:

C4Part 2The procedure

Holding and disposal of securities

I2I1C448

1

Regulations may make provision about how securities are to be held and disposed of.

2

In this Schedule, references to disposal include, in relation to securities, realising the sums secured or made payable by them, suing for the recovery of those sums or assigning the right to sue for their recovery.

3

Regulations may in particular make provision for purposes corresponding to those for which provision is made in this Schedule in relation to the disposal of other controlled goods.

4

The power to make regulations under this paragraph is subject to paragraph 49.