# The Uncertificated Securities Regulations 2001, Paragraph 26

Extent: E+W+S+N.I.

An Operator’s rules and practices must require—
(a) that each system-participant is able to send and receive properly authenticated dematerialised instructions;
(b) that each system-member has arrangements—
(i) for properly authenticated dematerialised instructions attributable to him to be sent;
(ii) for properly authenticated dematerialised instructions to be received by or for him; and
(iii) with a settlement bank for payments to be made, where appropriate, for units of a security transferred by means of the relevant system; and
(c) that each participating issuer is able to respond with sufficient speed to Operator-instructions.

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Source: https://www.legislation.gov.uk/uksi/2001/3755/schedule/1/paragraph/26 (the official version)
Page: https://openlegislation.uk/uncertificated-securities-regulations-2001/schedule-1/paragraph-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.