Article 15

For the existing paragraph (1) there shall be substituted the following paragraph:—

“(1)

The Court, on the application of any person claiming to be beneficially entitled to an interest in any securities of the kinds set out in section 2(2)(b) of the Act may by order prohibit the Bank of England or other person or body concerned from registering any transfer of the securities or taking any other step to which section 5(5) of the Act applies.

The order shall specify the securities to which the prohibition relates, the name in which they stand and the steps which may not be taken, and shall state whether the prohibition applies to the securities only or to the dividends or interest as well.”

In paragraph (3) for the word “stock” there shall be substituted the word “securities”, and after the word “costs” there shall be inserted the words “or otherwise”.