# The Government Stock (Amendment) Regulations 1997, Regulation 6: Amendments relating to strips


Regulation 23(1) shall be amended—
(a) in the definition of “English Register”, by inserting “or (1A)” after “1(1)”;
(b) by inserting after the definition of “Irish Register” the following—
““parent stock”, means the stock in exchange for which any strips were issued;”;
(c) in the definition of “stock”, by substituting for the words “Schedule 2 to these Regulations.” the words “Part I of Schedule 11 to the Finance Act 1942 (transfer and registration of Government stock), except that in Regulations 1(1), 4, 17 and 18A hereof “stock” does not include any strip;”; and
(d) by inserting after the definition of “stock” the following—
““strip” means a security representing any amount, being one penny or any multiple thereof, payable under one or more strips within the meaning of section 47 of the Finance Act 1942, of any stock, regardless whether that amount corresponds to the total amount payable under any security issued for the purpose of effecting any particular exchange of stock for strips.”.

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Source: https://www.legislation.gov.uk/uksi/1997/1709/regulation/6 (the official version)
Page: https://openlegislation.uk/government-stock-amendment-regulations-1997/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.