# The Uncertificated Securities Regulations 1992, Paragraph 1: Instruments of transfer received late


(1) Any proper instrument of transfer received by the company after the relevant date (within the meaning of regulation 75(6)) but prior to conversion (subject to any direction that may have been given by the Operator under that regulation) shall be sent by the company to the company controller or controllers who are to hold or who are holding the entitlements to the units concerned, who shall treat the instrument as if it were an instruction under regulation 33 to hold any entitlements concerned to the person named therein as transferee.
(2) Any such instrument received after conversion shall cease to have effect; the company shall inform the person lodging such an instruction as soon as reasonably practicable of this fact.

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Source: https://www.legislation.gov.uk/uksi/1992/225/schedule/5/paragraph/1 (the official version)
Page: https://openlegislation.uk/uncertificated-securities-regulations-1992/schedule-5/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.