# The Uncertificated Securities Regulations 1992, Paragraph 5: Existing prohibitions on transfer


(1) This paragraph applies where, immediately prior to the date of conversion, there is extant in relation to any unit of the certificated security concerned any restriction to which regulation 53 applies.
(2) A controller which has a restricted entitlement (within the meaning of that regulation) shall notify the company of the restriction and its terms (unless the restriction was imposed as a con-sequence of actions taken by the company).

---
Source: https://www.legislation.gov.uk/uksi/1992/225/schedule/7/paragraph/5 (the official version)
Page: https://openlegislation.uk/uncertificated-securities-regulations-1992/schedule-7/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.