{
  "url": "https://openlegislation.uk/uncertificated-securities-regulations-2001/schedule-4/paragraph-19",
  "json_url": "https://openlegislation.uk/uncertificated-securities-regulations-2001/schedule-4/paragraph-19.json",
  "legislation": "uksi/2001/3755",
  "legislation_title": "The Uncertificated Securities Regulations 2001",
  "legislation_url": "https://openlegislation.uk/uncertificated-securities-regulations-2001",
  "path": "schedule/4/paragraph/19",
  "kind": "paragraph",
  "number": "19",
  "heading": null,
  "text": "(1) Such sanctions as apply to a company and its officers in the event of a default in complying with section 113 of the 2006 Act shall apply to an Operator and his officers in the event of a default in complying with paragraph 4, 12 or 14.\n(2) Such sanctions as apply to the registrar, within the meaning of the 1974 Regulations, in the event of a default in complying with regulation 5 of those Regulations shall apply to a participating issuer and his officers in the event of a default in complying with paragraph 13 in respect of a local authority security falling within paragraph (a)(i) of the definition of “local authority security.\n(2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(3) Such sanctions as apply in the event of a default in complying with the requirement to maintain a register imposed by the relevant enactment or instrument referred to in regulation 22(1) shall apply to—\n(a) a participating issuer other than a company; and\n(b) a participating issuer which is a company, in relation to so much of the record of uncertificated corporate securities as does not relate to debentures,\nand his officers in the event of a default in complying with paragraph 15.\n(4) Subparagraphs (2) and (3) shall not apply to any of the following or its officers—\n(a) the Crown;\n(b) any person acting on behalf of the Crown;\n(c) the Bank of England;\n(d) the Registrar of Government Stock;\n(e) any previous Registrar of Government Stock; or\n(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.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 4 para. 19(1) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments) (Uncertificated Securities) Order 2009 (S.I. 2009/1889), regs. 1(2), 2(21)(z)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 4 para. 19(2) inserted (24.6.2003) by The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 (S.I. 2003/1633), regs. 1(1), 8(4)(b)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Sch. 4 para. 19(2A) revoked (1.10.2004) by The Local Authorities (Capital Finance) (Further Consequential and Saving Provisions) Order 2004 (S.I. 2004/2044), arts. 1, 6(3)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Sch. 4 para. 19(4)(c)-(f) substituted for Sch. 4 para. 19(4)(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(6)(c) (with art. 3, Sch. para. 1)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 4 para. 19 in force at 26.11.2001, see reg. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/3755/schedule/4/paragraph/19",
    "retrieved_at": "2026-10-29T07:21:41.154685+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}