Saving for rights of joint holders and of beneficiaries under trusts
29.—(1) Nothing in these Regulations relating to joint holders of stock shall affect the mutual rights of any joint holders.
(2) Nothing in these Regulations relating to trustees shall as between any trustees or as between any trustees and the beneficiaries under a trust be deemed to authorise the trustees to act otherwise than in accordance with the rules of law applying to the trust and the terms of the instrument constituting the trust.