# The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003, Paragraph 26


In regulation 4–
(a) in paragraph (1)–
(i) for “loan instrument”, substitute “uncertificated units of a loan instrument (other than a loan instrument which is an eligible debt security within paragraph (a) of the definition of “eligible debt security” in regulation 3(1) of the 2001 Regulations)”;
(ii) in subparagraph (a), for “the instrument is”, substitute “those units are”;
(iii) in subparagraph (c)–
(aa) for “under the instrument”, substitute “in respect of those units”;
(bb) for “issue of the instrument”, substitute “issue of those units”;
(b) in paragraph (2), for “a loan instrument”, substitute “uncertificated units of a loan instrument”.

---
Source: https://www.legislation.gov.uk/ukdsi/2003/0110464095/schedule/1/paragraph/26 (the official version)
Page: https://openlegislation.uk/draft-uncertificated-securities-amendment-eligible-debt-securities-regulations-2003/schedule-1/paragraph-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.