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Changes over time for: Section 3
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 01/04/2008.
Changes to legislation:
There are currently no known outstanding effects for the Stock Transfer Act 1982, Section 3.
Changes to Legislation
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3 Regulations and amendments relating to the computerised system and exempt transfers.U.K.
(1)The Treasury may by regulations made by statutory instrument make provision in connection with the operation of the system referred to in section 1(1) above.
(2)Without prejudice to the generality of subsection (1) above, but subject to any express provision made by or by virtue of any amendment contained in Schedule 2 to this Act, regulations under subsection (1) above may provide—
(a)that, for the purposes of any provision made by or under any enactment or contained in any prospectus or other document and requiring or relating to the lodging or deposit of any instrument of transfer, notification of an exempt transfer in the manner required by the regulations is to be regarded as lodging or depositing an instrument of the transfer concerned; and
(b)that, in such circumstances as may be specified in the regulations, certificates or other documents of or evidencing title to specified securities are or are not to be issued to persons who (by virtue of their participation in the system referred to in section 1(1) above) are or have been able to transfer such securities by exempt transfers.
(3)The amendments specified in Schedule 2 to this Act shall have effect in consequence of the preceding provisions of this Act.
(4)The Secretary of State may by order made by statutory instrument repeal or amend any provision of—
(a)any local Act passed before or in the same session as this Act (including an Act confirming a provisional order), or
(b)any order or other instrument made under an Act so passed,
if it appears to him that the provision has become unneccessary or requires alteration in consequence of any of the preceding provisions of this Act.
(5)A statutory instrument made in the exercise of the power conferred by subsection (1) or subsection (4) above shall be subject to annulment in pursuance of a resolution of either House of Parliament.
Modifications etc. (not altering text)
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