{
  "url": "https://openlegislation.uk/draft-uncertificated-securities-regulations-2001/schedule-7/paragraph-15",
  "json_url": "https://openlegislation.uk/draft-uncertificated-securities-regulations-2001/schedule-7/paragraph-15.json",
  "legislation": "ukdsi/2001/0110387449",
  "legislation_title": "The Uncertificated Securities Regulations 2001",
  "legislation_url": "https://openlegislation.uk/draft-uncertificated-securities-regulations-2001",
  "path": "schedule/7/paragraph/15",
  "kind": "paragraph",
  "number": "15",
  "heading": null,
  "text": "In the 1974 Regulations—\n(a) in regulation 1(3)—\n(i) for ““the 1995 Regulations” means the Uncertificated Securities Regulations 1995 as amended from time to time;” there shall be substituted ““the 2001 Regulations” means the Uncertificated Securities Regulations 2001 as amended from time to time;”; and\n(ii) the definitions of “the CGO Service”; “CGO Service member”; “the CGO Service Regulations”; and “exempt transfer” shall be omitted;\n(b) in regulation 6(1), for “Subject to regulation 6A below the” there shall be substituted “The”;\n(c) in regulation 7—\n(i) in paragraph (1)(a), for “paragraph (5)” there shall be substituted “paragraph (1A)”;\n(ii) after paragraph (1) there shall be inserted as a new paragraph—\n“(1A) Units of stock, or of bonds, which are recorded on a register kept by the Operator of a relevant system under the 2001 Regulations shall be transferable in no other manner than by means of that system in accordance with those Regulations.”; and\n(iii) in paragraph (3), there shall be omitted “and any record of a transfer effected through the medium of the CGO Service,” and “or, as the case may be, the exempt transfer”; and\n(d) in regulation 13(2)—\n(i) for “Subject (in the case of stock or a bond which is a participating security) to any provision made by or under the 1995 Regulations, the” there shall be substituted “The”; and\n(ii) there shall be omitted the words from “or, in the case of an exempt transfer” to the end.",
  "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/7/paragraph/15",
    "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."
}