# The Uncertificated Securities Regulations 1992, Paragraph 8: Cancellation &c of a unit of a security


(1) Where for any reason a unit of a security ceases to be in issue, the entitlement to that unit shall cease to exist.
(2) Where any units of a security are consolidated into one unit or a unit is subdivided, the entitlements to those units shall be consolidated into one entitlement or (as the case may be) be subdivided into entitlements to the subdivided units.

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Source: https://www.legislation.gov.uk/uksi/1992/225/schedule/8/paragraph/8 (the official version)
Page: https://openlegislation.uk/uncertificated-securities-regulations-1992/schedule-8/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.