{
  "url": "https://openlegislation.uk/uncertificated-securities-regulations-1992/regulation-120",
  "json_url": "https://openlegislation.uk/uncertificated-securities-regulations-1992/regulation-120.json",
  "legislation": "uksi/1992/225",
  "legislation_title": "The Uncertificated Securities Regulations 1992",
  "legislation_url": "https://openlegislation.uk/uncertificated-securities-regulations-1992",
  "path": "regulation/120",
  "kind": "regulation",
  "number": "120",
  "heading": "Terms of issue of securities",
  "text": "(1) The terms of issue of a security may make additional provision with respect to the holding and transfer of units of the security under these Regulations and in relation to the holding and transfer of entitlements to such units.\nThis regulation is without prejudice to regulation 81(2).\n(2) The holder of an entitlement to a unit of an uncertiticated security and a person for whom it is held shall be bound by the terms of issue of the security applicable to such holder or person respectively.\nIn particular the holder. of an entitlement to a share in a company and the person for whom it is held shall be bound by the terms of the memorandum and articles of the company applicable to such holder or person respectively.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1992/225/regulation/120",
    "retrieved_at": "2026-10-29T14:29:49.332796+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."
}