Regulation 48 Exemption from liabilityI1

United Kingdom

Regulations 21(5), 28(9), 32(9) and (10), and 33(11) shall not apply to any of the following or its officers—

(a)

the Crown;

(b)

any person acting on behalf of the Crown;

F1(c)

the Bank of England;

(d)

the Registrar of Government Stock;

(e)

any previous Registrar of Government Stock; or

(f)

in respect of a security which immediately before it became a participating security was transferable by exempt transfer within the meaning of the Stock Transfer Act 1982, a participating issuer.

Annotations

Textual amendments

F1: Reg. 48(c)-(f) substituted for reg. 48(c)(d) (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. para. 29(5) (with art. 3, Sch. para. 1)

Commencement

I1: Reg. 48 in force at 26.11.2001, see reg. 1