Regulation 5 Amendment of principal Regulations

Regulation 7 of the principal Regulations (protection of Bank in relation to certain transfers of strips) shall be amended–

(a)

in the cross-heading by inserting after the word “Bank” the phrase “and CGO”;

(b)

in paragraph (2) by omitting the words “by the Bank acting”; and

(c)

in paragraph (3) by–

(i)

substituting for the words “The Bank may effect any transfer” the words “Any transfer may be effected”,

(ii)

omitting the words “to the Bank”,

(iii)

inserting after the words “of the Bank” the words “, or of the CGO,” and

(iv)

inserting after the words “being the Bank” the words “or the CGO”.