# The Uncertificated Securities Regulations 1992, Regulation 79: Duty of company to make adequate preparations and arrangements


It is the.duty of a company proposing to issue a new security in uncertificated form or to issue units of a security in such form to make, prior to the issue:
(a) adequate preparations and arrangements for the carrying out of its functions under these Regulations in connection with the security (in particular by making arrangements for the keeping of a record of entitlements with respect to the security or the units); and
(b) adequate preparations and arrangements for the issue of the units, whether of the new security or of an existing security, in particular (in the case of a new security) by preparing a record of entitlements to take effect as its record of entitlements for the security from the moment of issue.

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Source: https://www.legislation.gov.uk/uksi/1992/225/regulation/79 (the official version)
Page: https://openlegislation.uk/uncertificated-securities-regulations-1992/regulation-79
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.