{
  "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991/regulation-13",
  "json_url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991/regulation-13.json",
  "legislation": "uksi/1991/880",
  "legislation_title": "The Financial Markets and Insolvency Regulations 1991",
  "legislation_url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991",
  "path": "regulation/13",
  "kind": "regulation",
  "number": "13",
  "heading": "Extent to which CGO Service charge to be treated as market charge",
  "text": "A CGO Service charge shall be treated as a market charge only to the extent that—\n(a) it is a charge over any one or more of the following—\n(i) specified securities held within the CGO Service to the account of a CGO Service member or a former CGO Service member;\n(ii) specified securities which were held as mentioned in sub-paragraph (i) above immediately prior to their being removed from the CGO Service consequent upon the person in question becoming a former CGO Service member;\n(iii) sums receivable by a CGO Service member or former CGO Service member representing interest accrued on specified securities held within the CGO Service to his account or which were so held immediately prior to their being removed from the CGO Service consequent upon his becoming a former CGO Service member;\n(iv) sums receivable by a CGO Service member or former CGO Service member in respect of the redemption or conversion of specified securities which were held within the CGO Service to his account at the time that the relevant securities were redeemed or converted or which were so held immediately prior to their being removed from the CGO Service consequent upon his becoming a former CGO Service member; and\n(v) sums receivable by a CGO Service member or former CGO Service member in respect of the transfer by him of specified securities through the medium of the CGO Service; and\n(b) it secures the obligation of a CGO Service member or former CGO Service member to reimburse a settlement bank for the amount due from him to the settlement bank as a result of the settlement bank having discharged or become obliged to discharge payment obligations in respect of transfers or allotments of specified securities made to him through the medium of the CGO Service.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 13 in force at 25.4.1991, see reg. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1991/880/regulation/13",
    "retrieved_at": "2026-10-29T14:46:16.241256+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."
}