OpenLegislation

Regulation 45 Participating securities issued in uncertificated formI1

United Kingdom

Nothing in these Regulations shall require—

(a)

a participating issuer or its officers to maintain a register which records how many units of a wholly dematerialised security are held in certificated form; or

(b)

an Operator or participating issuer, or their officers, to take any action to change a unit of a wholly dematerialised security from uncertificated form to certificated form or vice versa.

Annotations

Commencement

I1

Reg. 45 in force at 26.11.2001, see reg. 1