# The Uncertificated Securities Regulations 1992, Regulation 31: Notifications of transactions


(1) A notification of a transaction must be received by the Operator unless the entitlements are to be transferred between primary company controllers only.
(2) For the purposes of these Regulations a notification of a transaction to the Operator is such notification of a proposed transfer of an entitlement, which is contained in such message or combination of messages from such person or persons and issued in such circumstances as the Operator recognises as a notification of a transaction under the Operator’s part of the system.
(3) For the purposes of these Regulations, a notification of a transaction to the company is an instruction to effect the transfer of an entitlement, which is contained in a message issued by a primary company controller specifying the requisite particulars.
(4) For the purposes of paragraph (3), the requisite particulars are:
(a) the name and address of the account holder (or where persons acting jointly are together the account holder, the names of each account holder and the address of the first named) on behalf of whom the transferee is to hold the entitlement;
(b) the security concerned; and
(c) the number of entitlements to be transferred.

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Source: https://www.legislation.gov.uk/uksi/1992/225/regulation/31 (the official version)
Page: https://openlegislation.uk/uncertificated-securities-regulations-1992/regulation-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.