Paragraph 14 I1
United Kingdom
A relevant system must ensure that the Operator-system is able to generate Operator-instructions—
(a)
requiring participating issuers to amend the appropriate issuer registers of securities kept by them;
(b)
informing participating issuers in a way which enables them to amend the appropriate records of securities kept by them; and
(c)
informing settlement banks of their payment obligations.
Annotations
Commencement
- I1
Sch. 1 para. 14 in force at 26.11.2001, see reg. 1
Notes on Schedule 1
Textual amendments
- F1
Sch. 1 heading substituted (27.3.2019) by The Uncertificated Securities (Amendment and EU Exit) Regulations 2019 (S.I. 2019/679), regs. 1(2), 4(9)(a) (with regs. 10-12)