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These Rules amend the Exchange of Securities (General) Rules 1979 (“ principal rules”) to allow for securities which are transferable through the medium of the CGO Service (within the meaning of the principal rules) being transferred instead in accordance with the Uncertificated Securities Regulations 1995. Under the 1995 Regulations title to securities may be evidenced otherwise than by a certificate and transferred without a written instrument by means of a relevant system operated by an approved person, currently only CRESTCo. Limited.
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