# The Uncertificated Securities Regulations 2001, Regulation 14: Participation in respect of shares


Where—
(a) an Operator permits title to shares of a class in relation to which regulation 15 applies, or in relation to which a directors' resolution passed in accordance with regulation 16 is effective, to be transferred by means of a relevant system; and
(b) the company in question permits the holding of shares of that class in uncertificated form and the transfer of title to any such shares by means of a relevant system,
title to shares of that class which are recorded on an Operator register of members may be transferred by means of that relevant system.

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Source: https://www.legislation.gov.uk/ukdsi/2001/0110387449/regulation/14 (the official version)
Page: https://openlegislation.uk/draft-uncertificated-securities-regulations-2001/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.