# The Exchange of Securities (General) (Amendment) Rules 2000

S.I. 2000/1516 · made 7 June 2000

These Rules amend the Exchange of Securities (General) Rules 1979 (“ principal rules”) to allow for securities which are transferable through the medium of the CGO Service (within the meaning of the principal rules) being transferred instead in accordance with the Uncertificated Securities Regulations 1995. Under the 1995 Regulations title to securities may be evidenced otherwise than by a certificate and transferred without a written instrument by means of a relevant system operated by an approved person, currently only CRESTCo. Limited.

Made under: National Loans Act 1968 (Section 14)

PDFs: Printed copy https://openlegislation.uk/exchange-of-securities-general-amendment-rules-2000/pdf/uksi_20001516_en.pdf

## Introductory text

NATIONAL DEBT
Made 7th June 2000
Coming into force 1st July 2000
The Treasury, in exercise of the powers conferred on them by section 14(3) of the National Loans Act 1968 and of all other powers enabling them in that behalf, hereby make the following Rules:

## 1 Title and commencement

These Rules may be cited as the Exchange of Securities (General) (Amendment) Rules 2000 and shall come into force on 1st July 2000.

## 2 Amendment

In Rule 6(1A) of the Exchange of Securities (General) Rules 1979, for the words from “in the name of” up to “exempt transfer” substitute “ and at the time of acceptance that holding is transferable by means of either an exempt transfer or, in accordance with the Uncertificated Securities Regulations 1995 as amended from time to time, a relevant system operated by an Operator within the meaning of those Regulations”.

## Signature

Bob Ainsworth
Greg Pope
Two of the Lords Commissioners of Her Majesty’s Treasury
7th June 2000

## Explanatory note

(This note is not part of the Rules)
These Rules amend the Exchange of Securities (General) Rules 1979 (“ principal rules”) to allow for securities which are transferable through the medium of the CGO Service (within the meaning of the principal rules) being transferred instead in accordance with the Uncertificated Securities Regulations 1995. Under the 1995 Regulations title to securities may be evidenced otherwise than by a certificate and transferred without a written instrument by means of a relevant system operated by an approved person, currently only CRESTCo. Limited.

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Source: https://www.legislation.gov.uk/uksi/2000/1516 (the official version)
Page: https://openlegislation.uk/exchange-of-securities-general-amendment-rules-2000
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.