# The Uncertificated Securities Regulations 1995, Regulation 14: Participation in respect of shares


(1) Where an Operator permits a class of shares in relation to which regulation 15 applies, or in relation to which a directors' resolution passed in accordance with regulation 16 is effective, to be a participating security, title to shares of that class which are recorded on a register of members as being held in uncertificated form may be transferred by means of the relevant system to which the permission relates.
(2) In paragraph (1) the reference to a register of members shall not include an overseas branch register.

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Source: https://www.legislation.gov.uk/uksi/1995/3272/regulation/14 (the official version)
Page: https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.