{
  "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995",
  "json_url": "https://openlegislation.uk/uncertificated-securities-regulations-1995.json",
  "id": "uksi/1995/3272",
  "title": "The Uncertificated Securities Regulations 1995",
  "short_title": "Uncertificated Securities 1995",
  "long_title": null,
  "citation": "S.I. 1995/3272",
  "type": "uksi",
  "year": "1995",
  "number": "3272",
  "version": "current",
  "date": "1995-12-18",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 31,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "part/I",
      "kind": "part",
      "number": "I",
      "heading": "CITATION, COMMENCEMENT AND INTERPRETATION",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
      "kind": "regulation",
      "number": "1",
      "heading": "Citation and Commencement",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-1",
      "extent": null,
      "status": null,
      "parent": "part/I"
    },
    {
      "path": "regulation/2",
      "kind": "regulation",
      "number": "2",
      "heading": "Purposes and basic definitions",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-2",
      "extent": null,
      "status": null,
      "parent": "part/I"
    },
    {
      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Interpretation",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-3",
      "extent": null,
      "status": null,
      "parent": "part/I"
    },
    {
      "path": "part/II",
      "kind": "part",
      "number": "II",
      "heading": "THE OPERATOR",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "part/II/crossheading/approval-and-compliance",
      "kind": "crossheading",
      "number": null,
      "heading": "Approval and compliance",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/II"
    },
    {
      "path": "regulation/4",
      "kind": "regulation",
      "number": "4",
      "heading": "Applications for approval",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-4",
      "extent": null,
      "status": null,
      "parent": "part/II/crossheading/approval-and-compliance"
    },
    {
      "path": "regulation/5",
      "kind": "regulation",
      "number": "5",
      "heading": "Grant and refusal of approval",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-5",
      "extent": null,
      "status": null,
      "parent": "part/II/crossheading/approval-and-compliance"
    },
    {
      "path": "regulation/6",
      "kind": "regulation",
      "number": "6",
      "heading": "Fees",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-6",
      "extent": null,
      "status": null,
      "parent": "part/II/crossheading/approval-and-compliance"
    },
    {
      "path": "part/II/crossheading/supervision",
      "kind": "crossheading",
      "number": null,
      "heading": "Supervision",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/II"
    },
    {
      "path": "regulation/7",
      "kind": "regulation",
      "number": "7",
      "heading": "Withdrawal of approval",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-7",
      "extent": null,
      "status": null,
      "parent": "part/II/crossheading/supervision"
    },
    {
      "path": "regulation/8",
      "kind": "regulation",
      "number": "8",
      "heading": "Compliance orders and directions",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-8",
      "extent": null,
      "status": null,
      "parent": "part/II/crossheading/supervision"
    },
    {
      "path": "regulation/9",
      "kind": "regulation",
      "number": "9",
      "heading": "Injunctions and restitution orders",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-9",
      "extent": null,
      "status": null,
      "parent": "part/II/crossheading/supervision"
    },
    {
      "path": "regulation/10",
      "kind": "regulation",
      "number": "10",
      "heading": "Provision of information by Operators",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-10",
      "extent": null,
      "status": null,
      "parent": "part/II/crossheading/supervision"
    },
    {
      "path": "part/II/crossheading/miscellaneous",
      "kind": "crossheading",
      "number": null,
      "heading": "Miscellaneous",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/II"
    },
    {
      "path": "regulation/11",
      "kind": "regulation",
      "number": "11",
      "heading": "Delegation of Treasury functions",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-11",
      "extent": null,
      "status": null,
      "parent": "part/II/crossheading/miscellaneous"
    },
    {
      "path": "regulation/12",
      "kind": "regulation",
      "number": "12",
      "heading": "International obligations",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-12",
      "extent": null,
      "status": null,
      "parent": "part/II/crossheading/miscellaneous"
    },
    {
      "path": "regulation/13",
      "kind": "regulation",
      "number": "13",
      "heading": "Prevention of restrictive practices",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-13",
      "extent": null,
      "status": null,
      "parent": "part/II/crossheading/miscellaneous"
    },
    {
      "path": "part/III",
      "kind": "part",
      "number": "III",
      "heading": "PARTICIPATING ISSUERS",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "part/III/crossheading/participation-by-issuers",
      "kind": "crossheading",
      "number": null,
      "heading": "Participation by issuers",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/III"
    },
    {
      "path": "regulation/14",
      "kind": "regulation",
      "number": "14",
      "heading": "Participation in respect of shares",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-14",
      "extent": null,
      "status": null,
      "parent": "part/III/crossheading/participation-by-issuers"
    },
    {
      "path": "regulation/15",
      "kind": "regulation",
      "number": "15",
      "heading": "Participation in respect of shares",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-15",
      "extent": null,
      "status": null,
      "parent": "part/III/crossheading/participation-by-issuers"
    },
    {
      "path": "regulation/16",
      "kind": "regulation",
      "number": "16",
      "heading": "Participation in respect of shares",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-16",
      "extent": null,
      "status": null,
      "parent": "part/III/crossheading/participation-by-issuers"
    },
    {
      "path": "regulation/17",
      "kind": "regulation",
      "number": "17",
      "heading": "Interpretation of regulations 15 and 16",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-17",
      "extent": null,
      "status": null,
      "parent": "part/III/crossheading/participation-by-issuers"
    },
    {
      "path": "regulation/18",
      "kind": "regulation",
      "number": "18",
      "heading": "Participation in respect of securities other than shares",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-18",
      "extent": null,
      "status": null,
      "parent": "part/III/crossheading/participation-by-issuers"
    },
    {
      "path": "part/III/crossheading/keeping-of-registers",
      "kind": "crossheading",
      "number": null,
      "heading": "Keeping of registers",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/III"
    },
    {
      "path": "regulation/19",
      "kind": "regulation",
      "number": "19",
      "heading": "Entries on registers",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-19",
      "extent": null,
      "status": null,
      "parent": "part/III/crossheading/keeping-of-registers"
    },
    {
      "path": "regulation/20",
      "kind": "regulation",
      "number": "20",
      "heading": "Effect of entries on registers",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-20",
      "extent": null,
      "status": null,
      "parent": "part/III/crossheading/keeping-of-registers"
    },
    {
      "path": "regulation/21",
      "kind": "regulation",
      "number": "21",
      "heading": "Rectification of and changes to registers of securities",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-21",
      "extent": null,
      "status": null,
      "parent": "part/III/crossheading/keeping-of-registers"
    },
    {
      "path": "regulation/22",
      "kind": "regulation",
      "number": "22",
      "heading": "Closing registers",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-22",
      "extent": null,
      "status": null,
      "parent": "part/III/crossheading/keeping-of-registers"
    },
    {
      "path": "regulation/23",
      "kind": "regulation",
      "number": "23",
      "heading": "Registration of transfers of securities",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-23",
      "extent": null,
      "status": null,
      "parent": "part/III/crossheading/keeping-of-registers"
    },
    {
      "path": "regulation/24",
      "kind": "regulation",
      "number": "24",
      "heading": "Registration of linked transfers",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-24",
      "extent": null,
      "status": null,
      "parent": "part/III/crossheading/keeping-of-registers"
    },
    {
      "path": "regulation/25",
      "kind": "regulation",
      "number": "25",
      "heading": "Position of a transferee prior to entry on a register",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-25",
      "extent": null,
      "status": null,
      "parent": "part/III/crossheading/keeping-of-registers"
    },
    {
      "path": "part/III/crossheading/conversions-and-new-issues",
      "kind": "crossheading",
      "number": null,
      "heading": "Conversions and new issues",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/III"
    },
    {
      "path": "regulation/26",
      "kind": "regulation",
      "number": "26",
      "heading": "Conversion of securities into certificated form",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-26",
      "extent": null,
      "status": null,
      "parent": "part/III/crossheading/conversions-and-new-issues"
    },
    {
      "path": "regulation/27",
      "kind": "regulation",
      "number": "27",
      "heading": "Conversion of securities into uncertificated form",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-27",
      "extent": null,
      "status": null,
      "parent": "part/III/crossheading/conversions-and-new-issues"
    },
    {
      "path": "regulation/28",
      "kind": "regulation",
      "number": "28",
      "heading": "New issues in uncertificated form",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-28",
      "extent": null,
      "status": null,
      "parent": "part/III/crossheading/conversions-and-new-issues"
    },
    {
      "path": "part/IV",
      "kind": "part",
      "number": "IV",
      "heading": "DEMATERIALISED INSTRUCTIONS ETC.",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/29",
      "kind": "regulation",
      "number": "29",
      "heading": "Properly authenticated dematerialised instructions",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-29",
      "extent": null,
      "status": null,
      "parent": "part/IV"
    },
    {
      "path": "regulation/30",
      "kind": "regulation",
      "number": "30",
      "heading": "Liability for forged dematerialised instructions and induced Operator-instructions",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-30",
      "extent": null,
      "status": null,
      "parent": "part/IV"
    },
    {
      "path": "part/V",
      "kind": "part",
      "number": "V",
      "heading": "MISCELLANEOUS AND SUPPLEMENTAL",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "part/V/crossheading/miscellaneous",
      "kind": "crossheading",
      "number": null,
      "heading": "Miscellaneous",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/V"
    },
    {
      "path": "regulation/31",
      "kind": "regulation",
      "number": "31",
      "heading": "Construction of references to transfers etc.",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-31",
      "extent": null,
      "status": null,
      "parent": "part/V/crossheading/miscellaneous"
    },
    {
      "path": "regulation/32",
      "kind": "regulation",
      "number": "32",
      "heading": "Certain formalities and requirements not to apply",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-32",
      "extent": null,
      "status": null,
      "parent": "part/V/crossheading/miscellaneous"
    },
    {
      "path": "regulation/33",
      "kind": "regulation",
      "number": "33",
      "heading": "Trusts, trustees and personal representatives etc.",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-33",
      "extent": null,
      "status": null,
      "parent": "part/V/crossheading/miscellaneous"
    },
    {
      "path": "regulation/34",
      "kind": "regulation",
      "number": "34",
      "heading": "Notices of meetings",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-34",
      "extent": null,
      "status": null,
      "parent": "part/V/crossheading/miscellaneous"
    },
    {
      "path": "regulation/35",
      "kind": "regulation",
      "number": "35",
      "heading": "Notices to minority shareholders",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-35",
      "extent": null,
      "status": null,
      "parent": "part/V/crossheading/miscellaneous"
    },
    {
      "path": "regulation/36",
      "kind": "regulation",
      "number": "36",
      "heading": "Irrevocable powers of attorney",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-36",
      "extent": null,
      "status": null,
      "parent": "part/V/crossheading/miscellaneous"
    },
    {
      "path": "part/V/crossheading/defaults-and-contraventions",
      "kind": "crossheading",
      "number": null,
      "heading": "Defaults and contraventions",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/V"
    },
    {
      "path": "regulation/37",
      "kind": "regulation",
      "number": "37",
      "heading": "Breaches of statutory duty",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-37",
      "extent": null,
      "status": null,
      "parent": "part/V/crossheading/defaults-and-contraventions"
    },
    {
      "path": "regulation/38",
      "kind": "regulation",
      "number": "38",
      "heading": "Liability of officers for contraventions",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-38",
      "extent": null,
      "status": null,
      "parent": "part/V/crossheading/defaults-and-contraventions"
    },
    {
      "path": "part/V/crossheading/northern-ireland",
      "kind": "crossheading",
      "number": null,
      "heading": "Northern Ireland",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/V"
    },
    {
      "path": "regulation/39",
      "kind": "regulation",
      "number": "39",
      "heading": "Application to Northern Ireland",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-39",
      "extent": null,
      "status": null,
      "parent": "part/V/crossheading/northern-ireland"
    },
    {
      "path": "part/V/crossheading/amendments-and-revocations",
      "kind": "crossheading",
      "number": null,
      "heading": "Amendments and revocations",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/V"
    },
    {
      "path": "regulation/40",
      "kind": "regulation",
      "number": "40",
      "heading": "Minor and consequential amendments",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-40",
      "extent": null,
      "status": null,
      "parent": "part/V/crossheading/amendments-and-revocations"
    },
    {
      "path": "regulation/41",
      "kind": "regulation",
      "number": "41",
      "heading": "Revocations",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-41",
      "extent": null,
      "status": null,
      "parent": "part/V/crossheading/amendments-and-revocations"
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "schedule/1",
      "kind": "schedule",
      "number": "1",
      "heading": "REQUIREMENTS FOR APPROVAL OF A PERSON AS OPERATOR",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "schedule/1/crossheading/arrangements-and-resources",
      "kind": "crossheading",
      "number": null,
      "heading": "Arrangements and resources",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule/1"
    },
    {
      "path": "schedule/1/paragraph/1",
      "kind": "paragraph",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-1",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/arrangements-and-resources"
    },
    {
      "path": "schedule/1/crossheading/financial-resources",
      "kind": "crossheading",
      "number": null,
      "heading": "Financial resources",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule/1"
    },
    {
      "path": "schedule/1/paragraph/2",
      "kind": "paragraph",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-2",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/financial-resources"
    },
    {
      "path": "schedule/1/crossheading/promotion-and-maintenance-of-standards",
      "kind": "crossheading",
      "number": null,
      "heading": "Promotion and maintenance of standards",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule/1"
    },
    {
      "path": "schedule/1/paragraph/3",
      "kind": "paragraph",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-3",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/promotion-and-maintenance-of-standards"
    },
    {
      "path": "schedule/1/crossheading/operation-of-the-relevant-system",
      "kind": "crossheading",
      "number": null,
      "heading": "Operation of the relevant system",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule/1"
    },
    {
      "path": "schedule/1/paragraph/4",
      "kind": "paragraph",
      "number": "4",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-4",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/operation-of-the-relevant-system"
    },
    {
      "path": "schedule/1/crossheading/system-security",
      "kind": "crossheading",
      "number": null,
      "heading": "System security",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule/1"
    },
    {
      "path": "schedule/1/paragraph/5",
      "kind": "paragraph",
      "number": "5",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-5",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/system-security"
    },
    {
      "path": "schedule/1/crossheading/system-capabilities",
      "kind": "crossheading",
      "number": null,
      "heading": "System capabilities",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule/1"
    },
    {
      "path": "schedule/1/paragraph/6",
      "kind": "paragraph",
      "number": "6",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-6",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/system-capabilities"
    },
    {
      "path": "schedule/1/paragraph/7",
      "kind": "paragraph",
      "number": "7",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-7",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/system-capabilities"
    },
    {
      "path": "schedule/1/paragraph/8",
      "kind": "paragraph",
      "number": "8",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-8",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/system-capabilities"
    },
    {
      "path": "schedule/1/paragraph/9",
      "kind": "paragraph",
      "number": "9",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-9",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/system-capabilities"
    },
    {
      "path": "schedule/1/paragraph/10",
      "kind": "paragraph",
      "number": "10",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-10",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/system-capabilities"
    },
    {
      "path": "schedule/1/paragraph/11",
      "kind": "paragraph",
      "number": "11",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-11",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/system-capabilities"
    },
    {
      "path": "schedule/1/paragraph/12",
      "kind": "paragraph",
      "number": "12",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-12",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/system-capabilities"
    },
    {
      "path": "schedule/1/paragraph/13",
      "kind": "paragraph",
      "number": "13",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-13",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/system-capabilities"
    },
    {
      "path": "schedule/1/crossheading/operating-procedures",
      "kind": "crossheading",
      "number": null,
      "heading": "Operating procedures",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule/1"
    },
    {
      "path": "schedule/1/paragraph/14",
      "kind": "paragraph",
      "number": "14",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-14",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/operating-procedures"
    },
    {
      "path": "schedule/1/paragraph/15",
      "kind": "paragraph",
      "number": "15",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-15",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/operating-procedures"
    },
    {
      "path": "schedule/1/paragraph/16",
      "kind": "paragraph",
      "number": "16",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-16",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/operating-procedures"
    },
    {
      "path": "schedule/1/paragraph/17",
      "kind": "paragraph",
      "number": "17",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-17",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/operating-procedures"
    },
    {
      "path": "schedule/1/paragraph/18",
      "kind": "paragraph",
      "number": "18",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-18",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/operating-procedures"
    },
    {
      "path": "schedule/1/crossheading/rules-and-practices",
      "kind": "crossheading",
      "number": null,
      "heading": "Rules and practices",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule/1"
    },
    {
      "path": "schedule/1/paragraph/19",
      "kind": "paragraph",
      "number": "19",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-19",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/rules-and-practices"
    },
    {
      "path": "schedule/1/paragraph/20",
      "kind": "paragraph",
      "number": "20",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-20",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/rules-and-practices"
    },
    {
      "path": "schedule/1/paragraph/21",
      "kind": "paragraph",
      "number": "21",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-1/paragraph-21",
      "extent": null,
      "status": null,
      "parent": "schedule/1/crossheading/rules-and-practices"
    },
    {
      "path": "schedule/2",
      "kind": "schedule",
      "number": "2",
      "heading": "PREVENTION OF RESTRICTIVE PRACTICES",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "schedule/2/crossheading/examination-of-rules-and-practices",
      "kind": "crossheading",
      "number": null,
      "heading": "Examination of rules and practices",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule/2"
    },
    {
      "path": "schedule/2/paragraph/1",
      "kind": "paragraph",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-2/paragraph-1",
      "extent": null,
      "status": null,
      "parent": "schedule/2/crossheading/examination-of-rules-and-practices"
    },
    {
      "path": "schedule/2/crossheading/modification-of-paragraph-i-where-delegation-order-is-made",
      "kind": "crossheading",
      "number": null,
      "heading": "Modification of paragraph I where delegation order is made",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule/2"
    },
    {
      "path": "schedule/2/paragraph/2",
      "kind": "paragraph",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-2/paragraph-2",
      "extent": null,
      "status": null,
      "parent": "schedule/2/crossheading/modification-of-paragraph-i-where-delegation-order-is-made"
    },
    {
      "path": "schedule/2/crossheading/reports-by-the-director-general-of-fair-trading",
      "kind": "crossheading",
      "number": null,
      "heading": "Reports by the Director General of Fair Trading",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule/2"
    },
    {
      "path": "schedule/2/paragraph/3",
      "kind": "paragraph",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-2/paragraph-3",
      "extent": null,
      "status": null,
      "parent": "schedule/2/crossheading/reports-by-the-director-general-of-fair-trading"
    },
    {
      "path": "schedule/2/crossheading/investigations-by-the-director-general-of-fair-trading",
      "kind": "crossheading",
      "number": null,
      "heading": "Investigations by the Director General of Fair Trading",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule/2"
    },
    {
      "path": "schedule/2/paragraph/4",
      "kind": "paragraph",
      "number": "4",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-2/paragraph-4",
      "extent": null,
      "status": null,
      "parent": "schedule/2/crossheading/investigations-by-the-director-general-of-fair-trading"
    },
    {
      "path": "schedule/2/crossheading/exemptions-from-the-fair-trading-act-1973",
      "kind": "crossheading",
      "number": null,
      "heading": "Exemptions from the Fair Trading Act 1973",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule/2"
    },
    {
      "path": "schedule/2/paragraph/5",
      "kind": "paragraph",
      "number": "5",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-2/paragraph-5",
      "extent": null,
      "status": null,
      "parent": "schedule/2/crossheading/exemptions-from-the-fair-trading-act-1973"
    },
    {
      "path": "schedule/2/crossheading/exemptions-from-restrictive-trade-practices-act-1976",
      "kind": "crossheading",
      "number": null,
      "heading": "Exemptions from Restrictive Trade Practices Act 1976",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule/2"
    },
    {
      "path": "schedule/2/paragraph/6",
      "kind": "paragraph",
      "number": "6",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-2/paragraph-6",
      "extent": null,
      "status": null,
      "parent": "schedule/2/crossheading/exemptions-from-restrictive-trade-practices-act-1976"
    },
    {
      "path": "schedule/2/crossheading/exemptions-from-competition-act-1980",
      "kind": "crossheading",
      "number": null,
      "heading": "Exemptions from Competition Act 1980",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule/2"
    },
    {
      "path": "schedule/2/paragraph/7",
      "kind": "paragraph",
      "number": "7",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-2/paragraph-7",
      "extent": null,
      "status": null,
      "parent": "schedule/2/crossheading/exemptions-from-competition-act-1980"
    },
    {
      "path": "schedule/2/crossheading/supplementary-provisions",
      "kind": "crossheading",
      "number": null,
      "heading": "Supplementary provisions",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "schedule/2"
    },
    {
      "path": "schedule/2/paragraph/8",
      "kind": "paragraph",
      "number": "8",
      "heading": null,
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-2/paragraph-8",
      "extent": null,
      "status": null,
      "parent": "schedule/2/crossheading/supplementary-provisions"
    },
    {
      "path": "schedule/3",
      "kind": "schedule",
      "number": "3",
      "heading": "ADAPTATIONS IN RESPECT OF NORTHERN IRELAND",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-3",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/note",
      "extent": null,
      "status": null,
      "parent": null
    }
  ],
  "has_text": true,
  "pdfs": [],
  "outstanding_effects": [
    {
      "type": "words inserted",
      "affected_provisions": "reg. 19(9)",
      "affecting": "nisr/1997/251",
      "affecting_title": "Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations (Northern Ireland) 1997",
      "affecting_provisions": "Sch. 8 para. 20"
    },
    {
      "type": "words inserted",
      "affected_provisions": "reg. 3(1)",
      "affecting": "nisr/1997/251",
      "affecting_title": "Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations (Northern Ireland) 1997",
      "affecting_provisions": "Sch. 8 para. 19(a)"
    },
    {
      "type": "words inserted",
      "affected_provisions": "reg. 3(1)",
      "affecting": "nisr/1997/251",
      "affecting_title": "Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations (Northern Ireland) 1997",
      "affecting_provisions": "Sch. 8 para. 19(b)"
    },
    {
      "type": "modified",
      "affected_provisions": "reg.36(3)",
      "affecting": "uksi/1995/3272",
      "affecting_title": "The Uncertificated Securities Regulations 1995",
      "affecting_provisions": "reg.39(3)"
    },
    {
      "type": "modified",
      "affected_provisions": "reg.32(5)",
      "affecting": "uksi/1995/3272",
      "affecting_title": "The Uncertificated Securities Regulations 1995",
      "affecting_provisions": "reg.39(2)"
    },
    {
      "type": "words inserted",
      "affected_provisions": "reg. 3(1)",
      "affecting": "uksi/1996/2827",
      "affecting_title": "The Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996",
      "affecting_provisions": "Sch. 8 para. 27"
    },
    {
      "type": "inserted",
      "affected_provisions": "reg. 19(9)",
      "affecting": "uksi/1996/2827",
      "affecting_title": "The Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996",
      "affecting_provisions": "Sch. 8 para. 28"
    },
    {
      "type": "words substituted",
      "affected_provisions": "Sch. 2 para. 5(3)",
      "affecting": "uksi/1999/506",
      "affecting_title": "The Competition Act 1998 (Competition Commission) Transitional, Consequential and Supplemental Provisions Order 1999",
      "affecting_provisions": "art. 36"
    },
    {
      "type": "amended",
      "affected_provisions": "Sch.2, para.5",
      "affecting": "uksi/1999/506",
      "affecting_title": "The Competition Act 1998 (Competition Commission) Transitional, Consequential and Supplemental Provisions Order 1999",
      "affecting_provisions": "art.36"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.27",
      "affecting": "uksi/2000/1682",
      "affecting_title": "The Uncertificated Securities (Amendment) Regulations 2000",
      "affecting_provisions": "reg.2(2)"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.29",
      "affecting": "uksi/2000/1682",
      "affecting_title": "The Uncertificated Securities (Amendment) Regulations 2000",
      "affecting_provisions": "reg.2(3)"
    },
    {
      "type": "added",
      "affected_provisions": "regs.36A,368,36C",
      "affecting": "uksi/2000/1682",
      "affecting_title": "The Uncertificated Securities (Amendment) Regulations 2000",
      "affecting_provisions": "reg.2(4)"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.37",
      "affecting": "uksi/2000/1682",
      "affecting_title": "The Uncertificated Securities (Amendment) Regulations 2000",
      "affecting_provisions": "reg.2(5)"
    },
    {
      "type": "added",
      "affected_provisions": "reg.38A",
      "affecting": "uksi/2000/1682",
      "affecting_title": "The Uncertificated Securities (Amendment) Regulations 2000",
      "affecting_provisions": "reg.2(6)"
    },
    {
      "type": "added",
      "affected_provisions": "Sch.1, paras.12A.12B",
      "affecting": "uksi/2000/1682",
      "affecting_title": "The Uncertificated Securities (Amendment) Regulations 2000",
      "affecting_provisions": "reg.2(7)(a)"
    },
    {
      "type": "added",
      "affected_provisions": "Sch,1. para.13A",
      "affecting": "uksi/2000/1682",
      "affecting_title": "The Uncertificated Securities (Amendment) Regulations 2000",
      "affecting_provisions": "reg.2(7)(b)"
    },
    {
      "type": "amended",
      "affected_provisions": "Sch.1. para.15",
      "affecting": "uksi/2000/1682",
      "affecting_title": "The Uncertificated Securities (Amendment) Regulations 2000",
      "affecting_provisions": "reg.2(7)(c)"
    },
    {
      "type": "added",
      "affected_provisions": "Sch.4",
      "affecting": "uksi/2000/1682",
      "affecting_title": "The Uncertificated Securities (Amendment) Regulations 2000",
      "affecting_provisions": "reg.2(8)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "Sch. 2 para. 1(1)(b)",
      "affecting": "uksi/2000/2952",
      "affecting_title": "The Banking Consolidation Directive (Consequential Amendments) Regulations 2000",
      "affecting_provisions": "Sch."
    },
    {
      "type": "words substituted",
      "affected_provisions": "Sch. 2 para. 1(2)",
      "affecting": "uksi/2000/2952",
      "affecting_title": "The Banking Consolidation Directive (Consequential Amendments) Regulations 2000",
      "affecting_provisions": "Sch."
    },
    {
      "type": "amended",
      "affected_provisions": "reg.13",
      "affecting": "uksi/2000/311",
      "affecting_title": "The Competition Act 1998 (Transitional, Consequential and Supplemental Provisions) Order 2000",
      "affecting_provisions": "art.30(2)"
    },
    {
      "type": "word substituted",
      "affected_provisions": "reg. 13",
      "affecting": "uksi/2000/311",
      "affecting_title": "The Competition Act 1998 (Transitional, Consequential and Supplemental Provisions) Order 2000",
      "affecting_provisions": "art. 30(2)"
    },
    {
      "type": "revoked",
      "affected_provisions": "Sch.2, paras.6,7",
      "affecting": "uksi/2000/311",
      "affecting_title": "The Competition Act 1998 (Transitional, Consequential and Supplemental Provisions) Order 2000",
      "affecting_provisions": "art.30(3)"
    },
    {
      "type": "revoked",
      "affected_provisions": "Sch. 2 para. 6",
      "affecting": "uksi/2000/311",
      "affecting_title": "The Competition Act 1998 (Transitional, Consequential and Supplemental Provisions) Order 2000",
      "affecting_provisions": "art. 30(3)"
    },
    {
      "type": "revoked",
      "affected_provisions": "Sch. 2 para. 7",
      "affecting": "uksi/2000/311",
      "affecting_title": "The Competition Act 1998 (Transitional, Consequential and Supplemental Provisions) Order 2000",
      "affecting_provisions": "art. 30(3)"
    },
    {
      "type": "applied (with modifications)",
      "affected_provisions": "Regulations",
      "affecting": "uksi/2001/1090",
      "affecting_title": "Limited Liability Partnerships Regulations 2001",
      "affecting_provisions": "Sch. 6 Pt. 3 para. 5"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 19(9)",
      "affecting": "uksi/2001/1228",
      "affecting_title": "The Open-Ended Investment Companies Regulations 2001",
      "affecting_provisions": "Sch. 7 para. 12(3)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 3(1)",
      "affecting": "uksi/2001/1228",
      "affecting_title": "The Open-Ended Investment Companies Regulations 2001",
      "affecting_provisions": "Sch. 7 para. 12(2)(b)(ii)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 3(1)",
      "affecting": "uksi/2001/1228",
      "affecting_title": "The Open-Ended Investment Companies Regulations 2001",
      "affecting_provisions": "Sch. 7 para. 12(2)(b)(i)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 3(1)",
      "affecting": "uksi/2001/1228",
      "affecting_title": "The Open-Ended Investment Companies Regulations 2001",
      "affecting_provisions": "Sch. 7 para. 12(2)(a)"
    },
    {
      "type": "revoked",
      "affected_provisions": "Regulations",
      "affecting": "uksi/2001/3755",
      "affecting_title": "The Uncertificated Securities Regulations 2001",
      "affecting_provisions": "reg. 52(3)"
    }
  ],
  "made_under": [
    {
      "id": "ukpga/1989/40",
      "title": "Companies Act 1989",
      "url": "https://openlegislation.uk/companies-act-1989",
      "provisions": [
        "section/207"
      ]
    }
  ],
  "changes_made_to": 31,
  "changes_made_to_url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/changes.json",
  "changes_made_by": 3,
  "changes_made_by_url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/3272",
    "retrieved_at": "2026-10-29T12:55:24.582046+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}