# The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003, Paragraph 22


In section 46–
(a) in paragraph (a) of subsection (4), for “an instrument (whether or not being a loan instrument) transferable by delivery”, substitute “uncertificated units of a loan instrument”;
(b) for subsection (8), substitute–
“(8) A certified copy of the kind referred to in subsection (7) is not evidence of title to an uncertificated unit of a loan instrument.”.

---
Source: https://www.legislation.gov.uk/ukdsi/2003/0110464095/schedule/1/paragraph/22 (the official version)
Page: https://openlegislation.uk/draft-uncertificated-securities-amendment-eligible-debt-securities-regulations-2003/schedule-1/paragraph-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.