{
  "url": "https://openlegislation.uk/uncertificated-securities-regulations-2001/schedule-7/paragraph-14",
  "json_url": "https://openlegislation.uk/uncertificated-securities-regulations-2001/schedule-7/paragraph-14.json",
  "legislation": "uksi/2001/3755",
  "legislation_title": "The Uncertificated Securities Regulations 2001",
  "legislation_url": "https://openlegislation.uk/uncertificated-securities-regulations-2001",
  "path": "schedule/7/paragraph/14",
  "kind": "paragraph",
  "number": "14",
  "heading": null,
  "text": "In the 1965 Regulations—\n(a) in regulation 1(3), for “Subject (in the case of stock which is a participating security) to any provision made by or under the 1995 Regulations, in” there shall be substituted “In”;\n(b) in regulation 2(1), for “Subject to Regulation 5 of the Stock Transfer (Gilt-edged Securities) (CGO Service) Regulations 1985 and (in the case of stock which is a participating security) any provision made by or under the 1995 Regulations, every” there shall be substituted “Every”;\n(c) in regulation 3B(2), for “the register” there shall be substituted—\n“(a) a register kept under regulation 1(1) or (1A) hereof; or\n(b) a register kept by the Operator of a relevant system under the 2001 Regulations,”;\n(d) in regulation 4—\n(i) the words “and Regulation 4B” shall be omitted from paragraph (1);\n(ii) after paragraph (4) there shall be inserted—\n“(5) Units of stock which are recorded on a register kept by the Operator of a relevant system under the 2001 Regulations shall be transferable in no other manner than by means of that system in accordance with those Regulations.\n(6) A strip shall be transferable in no other manner than by means of a relevant system operated by an Operator in accordance with the 2001 Regulations.”;\n(e) in regulation 5, for “Subject (in the case of stock which is a participating security) to any provision made by or under the 1995 Regulations, the” there shall be substituted “The”;\n(f) in regulation 10—\n(i) for “Subject (in the case of stock which is a participating security) to any provision made by or under the 1995 Regulations, the” there shall be substituted “The”; and\n(ii) there shall be omitted the words from “or, in the case of an exempt transfer” to the end;\n(g) in regulation 14(6), 15(4) and 16(4)—\n(i) there shall be omitted the words “to Regulation 4B and”; and\n(ii) for “the 1995 Regulations” there shall be substituted “the 2001 Regulations”;\n(h) in regulation 23(1), for ““the 1995 Regulations” means the Uncertificated Securities Regulations 1995 as amended from time to time;” there shall be substituted ““the 2001 Regulations” means the Uncertificated Securities Regulations 2001 as amended from time to time;”;\n(i) in regulation 23(1), the definitions of “the CGO Service”; “CGO Service member”; and “an exempt transfer” shall be omitted; and\n(j) in regulation 23(1A), for “the 1995 Regulations” there shall be substituted “the 2001 Regulations”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 7 para. 14 in force at 26.11.2001, see reg. 1"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "Paragraph (1) of regulation 4 was numbered as such by article 2 of S.I. 1981/1004 and amended by regulation 4 of S.I. 1985/1146 and regulation 2 of S.I. 2000/1681; paragraphs (2) to (4) of regulation 4 were inserted by article 2 of S.I. 1981/1004, regulation 4 of S.I. 1985/1146 and regulation 4 of S.I. 1997/1709 respectively."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/3755/schedule/7/paragraph/14",
    "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."
}