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Paragraph 12 I1

United Kingdom

(1)

Where an Operator of a relevant system is required to maintain an Operator register of F1general public sector securities, that register shall comprise the following particulars which the Operator shall enter on it, namely—

(a)

the names and addresses of the persons holding units of the relevant participating security in uncertificated form; and

(b)

how many units of that security each such person holds in that form.

F2(2)

The following provisions of the 2004 Regulations shall not apply in respect of units of general UK Government securities held in uncertificated form—

  • regulations 7 to 9;

  • regulations 12 to 14;

  • regulations 16 to 24;

  • regulation 28; and

  • regulations 30 to 31.

(3)

The following provisions of the 1974 Regulations shall not apply in respect of units of F3general local authority securities held in uncertificated form—

  • regulations 5 and 6;

  • regulations 8 to 14;

  • regulation 16; and

  • regulation 21.

Annotations

Textual amendments

F1

Word in Sch. 4 para. 12(1) inserted (24.6.2003) by The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 (S.I. 2003/1633), regs. 1(1), 6(5)(b)

F2

Sch. 4 para. 12(2) substituted (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. para. 29(6)(a) (with art. 3, Sch. para. 1)

F3

Word in Sch. 4 para. 12(3) inserted (24.6.2003) by The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 (S.I. 2003/1633), regs. 1(1), 8(4)(a)

Commencement

I1

Sch. 4 para. 12 in force at 26.11.2001, see reg. 1

Notes on Registers of general public sector securities

Textual amendments

F1

Word in Sch. 4 para. 12 cross-heading inserted (24.6.2003) by The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 (S.I. 2003/1633), regs. 1(1), 6(5)(a)