OpenLegislation

Paragraph 12

Original text. Later amendments are not shown.

(1)

Where an Operator of a relevant system is required to maintain an Operator register of public sector securities that register shall comprise the following particulars which the Operator shall enter on it, namely—

(a)

the names and address of the persons holding units of the relevant participating security in uncertificated form; and

(b)

how many units of that security each such person holds in that form.

(2)

The following provisions of the 1965 Regulations shall not apply in respect of units of UK Government securities held in uncertificated form—

  • regulations 1 to 3;

  • regulations 3C to 3E;

  • regulations 5 to 13;

  • regulations 17 and 18; and

  • regulations 19 to 22.

(3)

The following provisions of the 1974 Regulations shall not apply in respect of units of local authority securities held in uncertificated form—

  • regulations 5 and 6;

  • regulations 8 to 14;

  • regulation 16; and

  • regulation 21.