http://www.legislation.gov.uk/ukpga/1999/29/notes/division/5/11/6Transport planningEconomic developmentReferendumsMayoral electionsPublic fundingExplanatory Notes to Greater London Authority Act 1999Department of the Environment, Transport and the Regions King's Printer of Acts of Parliament2018-08-30 <Citation URI="http://www.legislation.gov.uk/id/ukpga/1999/29" id="c00001" Class="UnitedKingdomPublicGeneralAct" Year="1999" Number="0029">Greater London Authority Act 1999</Citation> 29 11th November 1999 Commentary on SectionsPart Xi: Miscellaneous and General Provisions <CitationSubRef id="c01385" URI="http://www.legislation.gov.uk/id/ukpga/1999/29/section/392" CitationRef="c00001" SectionRef="section-392">Section 392</CitationSubRef>: The Stock Transfer Act 1982 594 Section 392, by amending the Stock Transfer Act 1982, provides that any securities issued by the GLA or the functional bodies may be settled through the Central Gilts Office (CGO) of the Bank of England. That Act gives the Treasury power to make provision permitting the transfer of specified securities through the CGO system established by the Bank of England and the Stock Exchange. Responsibility for the CGO was transferred from the Bank of England to CRESTCo (the private sector company responsible for the settlement of equities and corporate bonds) on 24 May 1999. Full integration is planned to take place in 2000.
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<dc:title>Explanatory Notes to Greater London Authority Act 1999</dc:title>
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<Citation URI="http://www.legislation.gov.uk/id/ukpga/1999/29" id="c00001" Class="UnitedKingdomPublicGeneralAct" Year="1999" Number="0029">Greater London Authority Act 1999</Citation>
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<Title>Commentary on Sections</Title>
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<Title>Part Xi: Miscellaneous and General Provisions</Title>
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<Title>
<CitationSubRef id="c01385" URI="http://www.legislation.gov.uk/id/ukpga/1999/29/section/392" CitationRef="c00001" SectionRef="section-392">Section 392</CitationSubRef>
: The Stock Transfer Act 1982
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<CitationSubRef id="c01387" URI="http://www.legislation.gov.uk/id/ukpga/1999/29/section/392" CitationRef="c00001" SectionRef="section-392">Section 392</CitationSubRef>
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, by amending the Stock Transfer Act 1982, provides that any securities issued by the
<Abbreviation Expansion="Greater London Authority">GLA</Abbreviation>
or the functional bodies may be settled through the Central Gilts Office (
<Abbreviation Expansion="Central Gilts Office">CGO</Abbreviation>
) of the Bank of England. That Act gives the Treasury power to make provision permitting the transfer of specified securities through the CGO system established by the Bank of England and the Stock Exchange. Responsibility for the CGO was transferred from the Bank of England to CRESTCo (the private sector company responsible for the settlement of equities and corporate bonds) on 24 May 1999. Full integration is planned to take place in 2000.
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