# The Uncertificated Securities Regulations 1992, Regulation 35: Controller’s duty to issue proper instructions


(1) If a controller held, or holds, an entitlement to a unit of a security at a date:
(a) being a fixed register date of the company concerned; or
(b) specified in a general call for instructions,
it is his or its duty to issue a proper instruction to register with respect to the entitlement (unless there was, or (as the case may be) is, a standing instruction extant with respect to the entitlement to which regulation 36(1) does not apply).
(2) Where a controller has failed to issue a proper instruction to register with respect to any entitlement for a periodic update of the appropriate register, the company shall register the controller’s default nominee as holder of the unit to which the entitlement relates.
Having registered a default nominee under this paragraph, the company shall notify the controller concerned of the registration as soon as reasonably practicable.

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Source: https://www.legislation.gov.uk/uksi/1992/225/regulation/35 (the official version)
Page: https://openlegislation.uk/uncertificated-securities-regulations-1992/regulation-35
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.