{ "url": "https://openlegislation.uk/stock-transfer-act-1982/schedule-1/paragraph-7", "json_url": "https://openlegislation.uk/stock-transfer-act-1982/schedule-1/paragraph-7.json", "legislation": "ukpga/1982/41", "legislation_title": "Stock Transfer Act 1982", "legislation_url": "https://openlegislation.uk/stock-transfer-act-1982", "path": "schedule/1/paragraph/7", "kind": "paragraph", "number": "7", "heading": null, "text": "(1) Securities issued by—\n(a) any local authority in the United Kingdom;\n(b) any authority all or the majority of the members of which are appointed or elected by one or more local authorities in the United Kingdom; or\n(ba) any police and crime commissioner.\n(bb) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(c) the Receiver for the Metropolitan Police District.\n(2) In sub-paragraph (1) above “local authority” means—\n(a) any of the following authorities in England and Wales, namely, the Greater London Authoritya county council . . . , a district council, a London borough council, the Common Council of the City of London , a functional body (within the meaning of the Greater London Authority Act 1999), . . . a joint authority established by Part IV of the Local Government Act 1985 , an economic prosperity board established under section 88 of the Local Democracy, Economic Development and Construction Act 2009, a combined authority established under section 103 of that Act , a combined county authority established under section 9(1) of the Levelling-up and Regeneration Act 2023 ... or the Council of the Isles of Scilly;\n(b) any council constituted under section 2 of the Local Government etc. (Scotland) Act 1994\n(c) a council, within the meaning of the Local Government Act (Northern Ireland) 1972;\nand any reference to a security issued by a local authority includes a reference to a security the liability for which is for the time being vested in a local authority (being a security issued by an authority which has ceased to exist).", "extent": "E+W+S+N.I.", "status": null, "version": "current", "annotations": [ { "type": "F", "label": "F1", "text": "Word in Sch. 1 para. 7(1)(b) inserted (1.4.2006) by Serious Organised Crime and Police Act 2005 (c. 15), s. 178(8), Sch. 4 para. 41(a); S.I. 2006/378, art. 4(1), Sch. para. 10" }, { "type": "F", "label": "F2", "text": "Sch. 1 para. 7(1)(ba) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), s. 157(1), Sch. 16 para. 158; S.I. 2012/2892, art. 2(i)" }, { "type": "F", "label": "F3", "text": "Sch. 1 para. 7(1)(bb) and word repealed (1.4.2006) by Serious Organised Crime and Police Act 2005 (c. 15), s. 178(8), Sch. 4 para. 41(b), Sch. 17 Pt. 2; S.I. 2006/378, art. 4(1), Sch. paras. 1013(p)" }, { "type": "F", "label": "F4", "text": "S. 7(1)(c) and the word “or”immediately preceding it cease to have effect (3.7.2000) by virtue of 1999 c. 29, s. 392(2) (with Sch. 12 para. 9(1)); S.I. 2000/801, art. 2(2)(c), Sch. Pt. 3" }, { "type": "F", "label": "F5", "text": "Words in Sch. 1 para. 7(2)(a) inserted (8.5.2000) by 1999 c. 29, s. 392(1)(3)(a) (with Sch. 12 para. 9(1)); S.I. 1999/3434, art. 3" }, { "type": "F", "label": "F6", "text": "Words repealed by Local Government Act 1985 (c. 51, SIF 81:1), s. 102, Sch. 17" }, { "type": "F", "label": "F7", "text": "Words in Sch. 1 para. 7(2)(a) inserted (3.7.2000) by 1999 c. 29, s. 392(1)(3)(b) (with Sch. 12 para. 9(1)); S.I. 1999/3434, art. 4" }, { "type": "F", "label": "F8", "text": "Words inserted by Local Government Act 1985 (c. 51, SIF 81:1), s. 84, Sch. 14 para. 62" }, { "type": "F", "label": "F9", "text": "Words repealed by Education Reform Act 1988 (c. 40, SIF 41:1), ss. 231(7), 235(6), 237, Sch. 13" }, { "type": "F", "label": "F10", "text": "Words in Sch. 1 para. 7(2)(a) inserted (1.4.2008) by Local Government and Public Involvement in Health Act 2007 (c. 28), s. 245(5), Sch. 13 para. 39; S.I. 2008/917, art. 2(1)(p)" }, { "type": "F", "label": "F11", "text": "Words in Sch. 1 para. 7(2)(a) inserted (17.12.2009) by Local Democracy, Economic Development and Construction Act 2009 (c. 20), s. 148(6), Sch. 6 para. 57; S.I. 2009/3318, art. 2(c)" }, { "type": "F", "label": "F12", "text": "Words in Sch. 1 para. 7(2)(a) inserted (26.12.2023) by Levelling Up and Regeneration Act 2023 (c. 55), s. 255(2)(c), Sch. 4 para. 73 (with s. 247)" }, { "type": "F", "label": "F13", "text": "Words in Sch. 1 para. 7(2)(a) omitted (26.5.2015) by virtue of Deregulation Act 2015 (c. 20), s. 115(7), Sch. 13 para. 6(17); S.I. 2015/994, art. 6(g)" }, { "type": "F", "label": "F14", "text": "Sch. 1 para. 7(2)(b) substituted (S.) (1.4.1996) by 1994 c. 39, s. 180(1), Sch. 13 para. 127; S.I. 1996/323, art. 4(1)(c)" }, { "type": "M", "label": "M1", "text": "1972 c. 9 (N.I.)" }, { "type": "C", "label": "C1", "text": "Sch. 1 para. 7 amended by Local Government Act 1985 (c. 51, SIF 81:1), s. 57(7), Sch. 13 para. 13(k)Sch. 1 para. 7 extended (5.7.1994) by 1994 c. 19, s. 39, Sch. 13 para. 20(j) (with ss. 54(5)(7), 55(5), Sch. 17 para. 22(1), 23(2))" }, { "type": "C", "label": "C2", "text": "Sch. 1 para. 7(2)(a) extended by S.I. 1985/1884, art. 4(v)" }, { "type": "C", "label": "C3", "text": "Sch. 1 para. 7(2)(a) amended by S.I. 1987/2110, art. 2, Sch. 1 para. 8(p)" } ], "outstanding_effects": [ { "type": "amended & repealed in part", "affecting": "ukpga/1999/29", "affecting_title": "Greater London Authority Act 1999" }, { "type": "modified", "affecting": "uksi/2026/1011", "affecting_title": "The Surrey (Structural Changes) (Pensions etc.) Order 2026" } ], "provenance": { "source": "legislation.gov.uk", "source_url": "https://www.legislation.gov.uk/ukpga/1982/41/schedule/1/paragraph/7", "retrieved_at": "2026-10-29T10:10:57.740186+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." }