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The Uncertificated Securities Regulations 2001

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Changes over time for: Section 12

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Version Superseded: 01/04/2013

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Status:

Point in time view as at 24/06/2003. This version of this provision has been superseded. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the The Uncertificated Securities Regulations 2001, Section 12. Help about Changes to Legislation

International obligationsU.K.

12.—(1) If it appears to the Treasury that any action proposed to be taken by an Operator or the designated agency would be incompatible with Community obligations or any other international obligations of the United Kingdom they may direct the Operator or the designated agency, as the case may be, not to take that action.

(2) If it appears to the Treasury that any action which an Operator or the designated agency has power to take is required for the purpose of implementing any such obligations, they may direct the Operator or the designated agency, as the case may be, to take that action.

(3) A direction under this regulation—

(a)may include such supplemental or incidental requirements as the Treasury consider necessary or expedient; and

(b)is enforceable, on an application made by the Treasury, by injunction or, in Scotland, by an order for specific performance under section 45 of the Court of Session Act 1988.

Commencement Information

I1Reg. 12 in force at 26.11.2001, see reg. 1

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