Regulation 35 Application by holders of stock to be described in register as trusteesI1

A holder of stock, or a person into whose name stock is to be transferred, may apply to be described in the register in relation that stock as a trustee, and the Director of Savings must make the necessary entries in the register and in any other document, whether or not the trust is identified in the application.

But the Director need not make any such entry where the stock in question is not stock of a kind that may be held on trust.

An application must be made in the approved form, together with any related certificate or subscription book.

Except as provided for in paragraph (1), no notice of any charge, trust or other equitable interest can be received by the Director of Savings in relation to stock.

The Director of Savings, or a person acquiring an interest in stock, shall not be affected with notice of—

by reason of an entry in the register in relation to any stock or any holder, or of anything in any document relating to stock.