{
  "url": "https://openlegislation.uk/local-authority-stocks-and-bonds-amendment-regulations-1983/note",
  "json_url": "https://openlegislation.uk/local-authority-stocks-and-bonds-amendment-regulations-1983/note.json",
  "legislation": "uksi/1983/529",
  "legislation_title": "The Local Authority (Stocks and Bonds) (Amendment) Regulations 1983",
  "legislation_url": "https://openlegislation.uk/local-authority-stocks-and-bonds-amendment-regulations-1983",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "These Regulations amend the Local Authority (Stocks and Bonds) Regulations 1974 in several respects. The main changes are:—\nRegulation 4 introduces a new provision. An application or tender for stock shall be irrevocable between the opening of the application lists or the latest time for lodging tenders, as the case may be, and 10 a.m. on the third working day after that date.\nRegulation 5 provides that bonds issued by a local authority may bear interest at a variable rate, and that if the period for which bonds are issued is extended by agreement, they may be so extended upon a variable rate of interest.\nRegulation 6 provides that the number of persons who may be registered as joint holders of any stock or bonds is limited to four.\nRegulation 7 provides that certificates representing stock or bonds which bear interest at a variable rate, shall include a description of the procedure for establishing the rate of, and dates for payment of, interest.\nRegulation 8 provides that instruments of transfer retained by the registrar may be destroyed at any time after the expiration of thirty years after the date when particulars of the transfer are entered on the register.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1983/529/note",
    "retrieved_at": "2026-10-29T18:03:44.845609+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."
}