Regulation 3

In regulation 1(3) after the definition of “bonds” there are inserted the following definitions:—

• ““the CGO” means the Central Gilts Office of the Bank of England;

• “the CGO Service” means the computer-based system established by the Bank of England and the Stock Exchange to facilitate the transfer of giltedged securities;

• “CGO Service member” means a person who is entitled under a contract with the Bank of England to use the CGO Service;

• “the CGO Service Regulations” means the Stock Transfer (Gilt-edged Securities) (CGO Service) Regulations 1985^f1;

• “exempt transfer” means a transfer of stock or bonds from a CGO Service member through the medium of the CGO Service. ”