Section 9 Regulations by Treasury as to preparation, issue and cancellation of and prevention of fraud as to Treasury bills.P1 P2 C1

United Kingdom

The Treasury may from time to time make, and when made rescind alter and add to, regulations for carrying into effect this Act, and in particular—

(1)

For regulating (subject to the provisions of this Act) the preparation, form, mode of issue, mode of payment, and cancellation of Treasury bills;

(2)

For regulating the issue of a new bill in lieu of one defaced, lost, or destroyed; and

(3)

For preventing, by the use of counterfoils or of a special description of paper or otherwise, fraud in relation to Treasury bills; and

(4)

For the proper discharge to be given upon the payment of a Treasury bill.

Every regulation under this Act shall be laid before both Houses of Parliament . . . F1.

Annotations

F1: Words repealed by Statute Law (Repeals) Act 1986 (c. 12), s. 1(1), Sch. 1 Pt. XII

C1: S. 9 modified (24.6.2003) by The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 (S.I. 2003/1633), reg. 1(1), Sch. 1 para. 6