# The Uncertificated Securities Regulations 1992, Paragraph 2: Inconsistent provisions of existing instruments


Any provision in any instrument constituting the terms of issue of a security which has been executed prior to the Secretary of State giving his consent under regulation 5 which is inconsistent with the terms of these Regulations:
(a) shall not be construed as preventing the conversion of the security into uncertificated form; and
(b) where the security is converted into uncertificated form, shall cease to have effect to the extent that it is inconsistent with these Regulations.

---
Source: https://www.legislation.gov.uk/uksi/1992/225/schedule/9/paragraph/2 (the official version)
Page: https://openlegislation.uk/uncertificated-securities-regulations-1992/schedule-9/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.