The Uncertificated Securities Regulations 2001 No. 3755

SCHEDULE 1 U.K. REQUIREMENTS FOR APPROVAL OF A PERSON AS OPERATOR

Operating procedures U.K.

20.  A relevant system must comprise procedures which provide that it responds only to properly authenticated dematerialised instructions which are attributable to a system-user or an Operator. U.K.

Commencement Information

I1 Sch. 1 para. 20 in force at 26.11.2001, see reg. 1