Regulation 6

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg. 6(3) excluded by Uncertificated Securities 2001 reg. 38(3)(b)
reg. 6(6) revoked by Uncertificated Securities 2001 reg. 52(2)
reg. 6 excluded by Uncertificated Securities 2001 Sch. 4 para. 12(3)
reg. 6(1) word substituted by Uncertificated Securities 2001 Sch. 7 para. 15(b)
reg.6 amended by Local Authority (Stocks and Bonds) 2000 reg.2(5)
reg. 6 amended by Local Authority (Stocks and Bonds) 1985
reg. 6 amended by Local Authority (Stocks and Bonds) 1983

(1)

The registrar shall issue to every person whose name is entered in a register as a holder of stock or bonds a certificate representing such stock or bonds which shall include the following particulars—

(a)

the name of the local authority;

(b)

the name of the registrar, if not the local authority itself;

(c)

the name of the holder;

(d)

the statutory authority under which the stock or bonds are issued;

(e)

the amount of stock or bonds represented by the certificate;

(f)

the redemption date and, in the case of stock, the earliest redemption date after which the local authority may exercise its option (if any) to redeem;

(g)

the rate of interest;

(h)

the dates on which interest is payable; and

(i)

the serial number of the certificate.

(2)

Where the names of two or more persons are entered in a register as joint holders of any stock or bonds it shall be sufficient for the registrar to issue one certificate in respect thereof to one of the joint holders.

(3)

A certificate issued under this regulation shall be prima facie evidence of the title of the person named therein as holder of the stock or bonds specified therein.

(4)

If a certificate is defaced, lost or destroyed the registrar may, on receipt of such evidence and indemnity as he may require, and on the surrender of the certificate in a case where it is defaced, issue a replacement.

(5)

Where the holder of any stock or bonds transfers part of his holding he shall be entitled to a certificate representing the part he retains.