{
  "url": "https://openlegislation.uk/draft-uncertificated-securities-regulations-2001/schedule-4/paragraph-19",
  "json_url": "https://openlegislation.uk/draft-uncertificated-securities-regulations-2001/schedule-4/paragraph-19.json",
  "legislation": "ukdsi/2001/0110387449",
  "legislation_title": "The Uncertificated Securities Regulations 2001",
  "legislation_url": "https://openlegislation.uk/draft-uncertificated-securities-regulations-2001",
  "path": "schedule/4/paragraph/19",
  "kind": "paragraph",
  "number": "19",
  "heading": null,
  "text": "(1) Such sanctions as apply to a company and its officers in the event of a default in complying with section 352 of the 1985 Act shall apply to an Operator and his officers in the event of a default in complying with paragraph 4, 12 or 14.\n(2) Such sanctions as apply to the registrar, within the meaning of the 1974 Regulations, in the event of a default in complying with regulation 5 of those Regulations shall apply to a participating issuer and his officers in the event of a default in complying with paragraph 13 in respect of a local authority security.\n(3) Such sanctions as apply in the event of a default in complying with the requirement to maintain a register imposed by the relevant enactment or instrument referred to in Regulation 22(1) shall apply to)—\n(a) a participating issuer other than a company; and\n(b) a participating issuer which is a company, in relation to so much of the record of uncertificated corporate securities as does not relate to debentures,\nand his officers in the event of a default in complying with paragraph 15.\n(4) Subparagraphs (2) and (3) shall not apply to any of the following or its officers—\n(a) the Crown;\n(b) any person acting on behalf of the Crown;\n(c) the Bank of England; or\n(d) in respect of a security which immediately before it became a participating security was transferable by exempt transfer within the meaning of the Stock Transfer Act 1982, a participating issuer.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2001/0110387449/schedule/4/paragraph/19",
    "retrieved_at": "2026-10-30T15:26:35.791495+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}