# The Stock Transfer (Gilt-edged Securities) (CGO Service) (Amendment) Regulations 1987, Note: Explanatory note


(This Note is not part of the Regulations.)
These Regulations amend the Stock Transfer (Gilt-edged Securities) (CGO Service) Regulations 1985, which make provision in connection with the operation of the computer-based system established by the Bank of England and The Stock Exchange to facilitate the transfer of gilt-edged securities (“the CGO Service”).
Regulation 6 of the 1985 Regulations (which provides that the Bank of England shall not be bound to recognise any trust affecting securities held within the CGO Service, even if the Bank has actual or constructive notice of the trust) is amended by extending that provision to cover stock held within that Service at a time when it is not in registered form.

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Source: https://www.legislation.gov.uk/uksi/1987/1293/note (the official version)
Page: https://openlegislation.uk/stock-transfer-gilt-edged-securities-cgo-service-amendment-regulations-1987/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.