# The Uncertificated Securities Regulations 2001, Paragraph 13


A relevant system must be able to establish, where there is a transfer of uncertificated units of a security to a system-member for value, that a settlement bank has agreed to make payment in respect of the transfer, whether alone or taken together with another transfer for value.

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Source: https://www.legislation.gov.uk/ukdsi/2001/0110387449/schedule/1/paragraph/13 (the official version)
Page: https://openlegislation.uk/draft-uncertificated-securities-regulations-2001/schedule-1/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.