# The Uncertificated Securities Regulations 1992, Regulation 36: Controller’s duty to cancel standing instructions to register or transfer


(1) Where a contgroller has issued a standing instruction to register a person as holder of a unit of an uncertificated security, it is his or its duty to notify the company if the entitlement concerned ceases to be held by him or it for that person.
(2) Such a notification shall be issued as soon as reasonably practicable after the entitlement is no longer so held.
(3) Upon receipt of such a notification, the company shall treat the standing instruction as no longer extant or, where the standing instruction relates to other entitlements not covered by the notification, as no longer extant to the extent of the entitlements covered by the notification.

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Source: https://www.legislation.gov.uk/uksi/1992/225/regulation/36 (the official version)
Page: https://openlegislation.uk/uncertificated-securities-regulations-1992/regulation-36
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.