{
  "url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-2/paragraph-7",
  "json_url": "https://openlegislation.uk/uncertificated-securities-regulations-1995/schedule-2/paragraph-7.json",
  "legislation": "uksi/1995/3272",
  "legislation_title": "The Uncertificated Securities Regulations 1995",
  "legislation_url": "https://openlegislation.uk/uncertificated-securities-regulations-1995",
  "path": "schedule/2/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": null,
  "text": "(1) No course of conduct constituting any such practice as is mentioned in paragraph 1(2) shall constitute an anti-competitive practice for the purpose of the Competition Act 1980.\n(2) Where approval is withdrawn from an Operator, there shall not be treated as an anti-competitive practice for the purposes of that Act any such course of conduct as is mentioned in subparagraph (1) which occurred while the approval was effective.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1980 c. 21"
    }
  ],
  "outstanding_effects": [
    {
      "type": "added",
      "affecting": "uksi/2000/1682",
      "affecting_title": "The Uncertificated Securities (Amendment) Regulations 2000"
    },
    {
      "type": "revoked",
      "affecting": "uksi/2000/311",
      "affecting_title": "The Competition Act 1998 (Transitional, Consequential and Supplemental Provisions) Order 2000"
    },
    {
      "type": "revoked",
      "affecting": "uksi/2000/311",
      "affecting_title": "The Competition Act 1998 (Transitional, Consequential and Supplemental Provisions) Order 2000"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2000/2952",
      "affecting_title": "The Banking Consolidation Directive (Consequential Amendments) Regulations 2000"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2000/2952",
      "affecting_title": "The Banking Consolidation Directive (Consequential Amendments) Regulations 2000"
    },
    {
      "type": "revoked",
      "affecting": "uksi/2000/311",
      "affecting_title": "The Competition Act 1998 (Transitional, Consequential and Supplemental Provisions) Order 2000"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/1999/506",
      "affecting_title": "The Competition Act 1998 (Competition Commission) Transitional, Consequential and Supplemental Provisions Order 1999"
    },
    {
      "type": "amended",
      "affecting": "uksi/1999/506",
      "affecting_title": "The Competition Act 1998 (Competition Commission) Transitional, Consequential and Supplemental Provisions Order 1999"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/3272/schedule/2/paragraph/7",
    "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."
}