{
  "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-19",
  "json_url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/regulation-19.json",
  "legislation": "uksi/1995/3272",
  "legislation_title": "The Uncertificated Securities Regulations 1995",
  "legislation_url": "https://openlegislation.uk/uncertificated-securities-regulations-1995",
  "path": "regulation/19",
  "kind": "regulation",
  "number": "19",
  "heading": "Entries on registers",
  "text": "(1) A participating issuer which is a company shall enter on its register of members, in respect of any class of shares which is a participating security, how many shares each member holds in uncertificated form and certificated form respectively.\n(2) Without prejudice to sections 190 and 191 of the 1985 Act, a participating issuer who, apart from this regulation, is required by or under an enactment or instrument to maintain in the United Kingdom a register of persons holding securities (other than shares) issued by him, shall enter on that register in respect of any class of security which is a participating security—\n(a) the names and addresses of the persons holding units of that security; and\n(b) how many units of that security each person holds in uncertificated form and certificated form respectively.\n(3) A participating issuer who, apart from this regulation, is not required by or under an enactment or instrument to maintain in the United Kingdom in respect of a participating 12 security issued by him a register of persons holding units of that participating security, shall maintain in the United Kingdom a register recording—\n(a) the names and addresses of the persons holding units of that security in uncertificated form; and\n(b) how many units of that security each person holds in that form.\n(4) Such sanctions as apply to a company and its officers in the event of a default in complying with section 352 of the 1985 Act shall apply to a participating issuer and his officers in the event of a default in complying with paragraph (1), (2) or (3).\n(5) Without prejudice to any lesser period of limitation and to any rule as to the prescription of rights, liability incurred by a participating issuer arising—\n(a) from the making or deletion of an entry in a register of securities pursuant to paragraph (1), (2) or (3); or\n(b) from a failure to make or delete any such entry,\nshall not be enforceable more than 20 years after the date on which the entry was made or deleted or, in the case of a failure, the failure first occurred.\n(6) For the purposes of paragraph (1)—\n(a) notwithstanding section 362 of, or paragraph 2(1) of Schedule 14 to, the 1985 Act, the reference to a company’s register of members shall not be taken to include an overseas branch register;\n(b) those members who hold shares in uncertificated form may not be entered as holders of those shares on an overseas branch register; and\n(c) any shares with respect to which share warrants to bearer are issued under section 188 of the 1985 Act shall be regarded as forming a separate class of shares.\n(7) No notice of any trust, expressed, implied or constructive, shall be entered on a register of securities which is maintained by virtue of paragraph (3) in relation to uncertificated units of a security, or be receivable by the registrar of such a register.\n(8) Paragraph (7) shall not apply to a participating issuer constituted under the law of Scotland.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "words substituted",
      "affecting": "uksi/2001/1228",
      "affecting_title": "The Open-Ended Investment Companies Regulations 2001"
    },
    {
      "type": "words inserted",
      "affecting": "nisr/1997/251",
      "affecting_title": "Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations (Northern Ireland) 1997"
    },
    {
      "type": "inserted",
      "affecting": "uksi/1996/2827",
      "affecting_title": "The Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/3272/regulation/19",
    "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."
}