# The Uncertificated Securities Regulations 1992, Regulation 87: Duty of directors to convert in certain cases


(1) It is the duty of the directors of a company to convert an uncertificated security into a certificated security under the procedure set out in this Part of these Regulations where a resolution has been passed by the holders of the security requesting such conversion which:
(a) would qualify as a relevant resolution under regulation 84(6); and
(b) specifies a date, not less than 30 working days after the date of the meeting at which the resolution is passed, on or after which conversion is proposed to be effected.
Such conversion must be effected on the date specified by the resolution or as soon as reasonably practicable after that date.
(2) For the purposes of the procedures for conversion prescribed by this Part, such a resolution shall be treated as a relevant resolution specifying a date proposed for con-version under regulation 84(2).

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Source: https://www.legislation.gov.uk/uksi/1992/225/regulation/87 (the official version)
Page: https://openlegislation.uk/uncertificated-securities-regulations-1992/regulation-87
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.