The Uncertificated Securities Regulations 2001 No. 3755

PART 5 U.K. MISCELLANEOUS AND SUPPLEMENTAL

DEFAULTS AND CONTRAVENTIONS U.K.

Exemption from liability U.K.

48.  Regulations 21(5), 28(9), 32(9) and (10), and 33(11) shall not apply to any of the following or its officers—

(a) the Crown;

(b) any person acting on behalf of the Crown;

[F1 (c) the Bank of England;

(d) the Registrar of Government Stock;

(e) any previous Registrar of Government Stock; or

(f) in respect of a security which immediately before it became a participating security was transferable by exempt transfer within the meaning of the Stock Transfer Act 1982, a participating issuer.]

Textual Amendments

F1 Reg. 48(c)-(f) substituted for reg. 48(c)(d) (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. para. 29(5) (with art. 3, Sch. para. 1)

Commencement Information

I1 Reg. 48 in force at 26.11.2001, see reg. 1