- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
5. In paragraph 37 (Operators) of the Schedule, for sub-paragraph (1) substitute—
“(1) An Operator, in so far he carries on—
(a)any regulated activity for the purposes of the performance of his functions as an Operator under the Uncertificated Securities Regulations 1995(1); or
(b)any other regulated activity for the purposes of operating a computer-based system and procedures which—
(i)enable title to investments to be evidenced and transferred without a written instrument; or
(ii)facilitate matters supplementary or incidental to those specified in sub-paragraph (i),
other than a regulated activity in respect of which a recognised clearing house is exempt from the general prohibition by virtue of section 285(3) of the Act.”.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: