- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 No. 1633
4. A reference to a loan instrument in–
(a)regulation 2 of the Local Authorities (Capital Finance) Regulations 1997(1);
(b)the Local Authorities (Capital Finance)(Approved Investments) Regulations 1990(2),
includes a reference to uncertificated units of a dematerialised loan instrument.
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