# The Uncertificated Securities Regulations 1992, Regulation 47: Commencement of winding up


(1) This regulation applies from the commencement of the winding up, within the meaning of the Insolvency Act 1986, of a company which has in issue an uncertificated security and for as long as any winding up proceedings under that Act may subsist.
(2) An appropriate register for an uncertificated security of the company may only be updated (whether periodically or otherwise), or otherwise amended, with (in the case of a voluntary liquidation) the consent of the liquidator of the company or (in the case of a compulsory winding up) the court seised of the winding up proceedings in relation to the company.
Where an appropriate register has been updated or amended without such consent, the update shall be void save and to the extent it is ratified by (in the case of a voluntary liquidation) the liquidator or (in the case of a compulsory winding up) the court seised of the winding up proceedings in relation to the company.
(3) Regulations 43 to 46 shall not apply.

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Source: https://www.legislation.gov.uk/uksi/1992/225/regulation/47 (the official version)
Page: https://openlegislation.uk/uncertificated-securities-regulations-1992/regulation-47
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.