Entries on registers and records in respect of [general] public sector securitiesU.K.
21.—(1) In respect of every participating security which is a [general] public sector security the Operator shall—
(a)maintain a register, and such a register is referred to in these Regulations as an “Operator register of [general] public sector securities”; and
(b)keep and enter up the Operator register of [general] public sector securities in accordance with paragraph 12 of Schedule 4.
(2) The person specified in paragraph (3) shall—
(a)maintain a record of the entries made in an Operator register of [general] public sector securities; and such a record is referred to in these Regulations as a “record of uncertificated [general] public sector securities”; and
(b)keep and enter up that record in accordance with paragraph 13 of Schedule 4.
(3) The person referred to in paragraph (2) is [the Registrar of Government Stock], except where the security to which an Operator register of [general] public sector securities relates is a [general] local authority security, in which case it is—
(a)the relevant local authority; or
(b)if the local authority has appointed another person to act as registrar for the purpose of the 1974 Regulations in respect of that security, the person so appointed ...
(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) Such sanctions as apply to a company and its officers in the event of a default in complying with [section 113 of the 2006 Act] shall apply to an Operator and his officers in the event of a default in complying with paragraph (1)(a).
(5) Such sanctions as apply to the registrar, within the meaning of the 1974 Regulations, in the event of a default in complying with regulation 5 of those Regulations shall apply to a participating issuer and his officers in the event of a default in complying with paragraph (2)(a) in respect of a local authority security [falling within paragraph (a)(i) of the definition of “local authority security” in regulation 3(1)].
(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
Commencement Information