{
  "url": "https://openlegislation.uk/draft-uncertificated-securities-amendment-eligible-debt-securities-regulations-2003/schedule-1/paragraph-25",
  "json_url": "https://openlegislation.uk/draft-uncertificated-securities-amendment-eligible-debt-securities-regulations-2003/schedule-1/paragraph-25.json",
  "legislation": "ukdsi/2003/0110464095",
  "legislation_title": "The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003",
  "legislation_url": "https://openlegislation.uk/draft-uncertificated-securities-amendment-eligible-debt-securities-regulations-2003",
  "path": "schedule/1/paragraph/25",
  "kind": "paragraph",
  "number": "25",
  "heading": null,
  "text": "In regulation 3–\n(a) in paragraph (2)–\n(i) for “under” (where first occurring), substitute “in respect of particular units of”;\n(ii) for “instrument is” (wherever occurring), substitute “units are”;\n(iii) for “under the instrument” (where second and third occurring), substitute “in respect of those units”;\n(b) in paragraph (3)–\n(i) for “under”, substitute “in respect of particular units of”;\n(ii) after “specified in the”, insert “terms of the”;\n(c) in paragraph (4), for “under”, substitute “in respect of particular units of”;\n(d) in paragraph (5)–\n(i) for “under”, substitute “in respect of particular units of”;\n(ii) after “specified in” insert, “, or determined in accordance with the terms of,”;\n(iii) in subparagraph (b), for “the instrument”, substitute “those units”;\n(e) after paragraph (8), add–\n“(9) Paragraphs (6) to (8) do not apply in respect of uncertificated units of loan instruments.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2003/0110464095/schedule/1/paragraph/25",
    "retrieved_at": "2026-10-30T15:25:11.829730+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}