OpenLegislation

Paragraph 6

Original text. Later amendments are not shown.

In section 9–

(a)

in subsection (1), omit “mode of payment,”;

(b)

omit subsections (2) and (4);

(c)

in subsection (3), omit the words from “, by the use” to “otherwise,”;

(d)

at the end, add–

  • “No regulation under this Act applies in relation to uncertificated units of a Treasury bill to the extent that it is inconsistent with–

    1. (a)

      the holding of such units in uncertificated form;

    2. (b)

      the transfer of title to such units by means of a relevant system; or

    3. (c)

      the 2001 Regulations.”.