Stock Transfer Act 1982

SCHEDULES

Section 2.

SCHEDULE 1 U.K. SPECIFIED SECURITIES

1 (1) Securities issued by Her Majesty’s Government in the United Kingdom or the Government of Northern Ireland, not being excluded securities. U.K.

(2) In sub-paragraph (1) above “excluded securities” means—

(a) securities in respect of which a stock certificate issued under Part V of the M1 National Debt Act 1870 is for the time being outstanding;

(b) any other bearer securities; and

(c) any securities for the time being registered on the National Savings Stock Register.

Marginal Citations

M1 1870 c. 71.

2 U.K. Securities the payment of interest on which is guaranteed by Her Majesty’s Government in the United Kingdom or the Government of Northern Ireland.

3 U.K. Securities issued in the United Kingdom by any public authority or nationalised industry or undertaking in the United Kingdom.

4 (1) Securities issued in the United Kingdom by the government of any overseas territory, being securities registered in the United Kingdom.

(2) The reference in sub-paragraph (1) above to the government of an overseas territory shall be construed as if it occurred in Part III of the M2 Overseas Development and Co-operation Act 1980.

Marginal Citations

M2 1980 c. 63.

5 U.K. Securities issued in the United Kingdom by the International Bank for Reconstruction and Development, the Inter-American Development Bank, the European Investment Bank or the European Coal and Steel Community being, in each case, securities registered in the United Kingdom.

[F1 Securities issued in the United Kingdom by the African Development Bank, the Asian Development Bank, Caisse Centrale de Coopération Economique, Crédit Foncier de France, Electricité de France (E.D.F.), Service National or Hydro-Québec, being, in each case, securities registered in the United Kingdom.]

Textual Amendments

F1 Securities added to the list in Schedule 1 by S.I. 1988/231, art. 2, Sch.

6 (1) Debentures issued by the Agricultural Mortgage Corporation PLC, the Commonwealth Development Finance Company Limited, Finance for Industry Public Limited Company or the Scottish Agricultural Securities Corporation Limited. U.K.

(2) In sub-paragraph (1) above “debentures” includes debenture stock and bonds, whether constituting a charge on assets or not, and loan stock or notes.

7 (1) Securities issued by—

(a) any local authority in the United Kingdom;

(b) any authority all or the majority of the members of which are appointed or elected by one or more local authorities in the United Kingdom; or

(c) the Receiver for the Metropolitan Police District.

(2) In sub-paragraph (1) above “local authority” means—

(a) any of the following authorities in England and Wales, namely, a county council . . . F2 , a district council, a London borough council, the Common Council of the City of London [F3 . . . F4 a joint authority established by Part IV of the Local Government Act 1985] or the Council of the Isles of Scilly;

(b) any of the following authorities in Scotland, namely, a regional council, an islands council or a district council; or

(c) a council, within the meaning of the M3 Local Government Act (Northern Ireland) 1972;

and any reference to a security issued by a local authority includes a reference to a security the liability for which is for the time being vested in a local authority (being a security issued by an authority which has ceased to exist).

Textual Amendments

F2 Words repealed by Local Government Act 1985 (c. 51, SIF 81:1), s. 102, Sch. 17

F3 Words inserted by Local Government Act 1985 (c. 51, SIF 81:1), s. 84, Sch. 14 para. 62

F4 Words repealed by Education Reform Act 1988 (c. 40, SIF 41:1), ss. 231(7), 235(6), 237, Sch. 13

Modifications etc. (not altering text)

C1 Sch. 1 para. 7 amended by Local Government Act 1985 (c. 51, SIF 81:1), s. 57(7), Sch. 13 para. 13(k)

Sch. 1 para. 7 extended (5.7.1994) by 1994 c. 19, s. 39, Sch. 13 para. 20(j) (with ss. 54(5)(7), 55(5), Sch. 17 para. 22(1), 23(2))

C2 Sch. 1 para. 7(2)(a) extended by S.I. 1985/1884, art. 4(v)

C3 Sch. 1 para. 7(2)(a) amended by S.I. 1987/2110, art. 2, Sch. 1 para. 8(p)

Marginal Citations

M3 1972 c. 9 (N.I.)

Section 3.

SCHEDULE 2 U.K. CONSEQUENTIAL AMENDMENTS

Modifications etc. (not altering text)

C4 The text of Schedule 2 is in the form in which it was originally enacted : it was not reproduced in Statutes in Force and, except as specified, does reflect any amendments or repeals which may have been made prior to 1.2.1991.

M4 Forged Transfers Act 1891 U.K.

Marginal Citations

M4 1891 c. 43.

1 (1) In subsection (1) of section 1 of the Forged Transfers Act 1891 (power for companies and local authorities to make compensation for losses arising from forged transfers)— U.K.

(a) after the words “transferable by an instrument in writing” there shall be inserted the words “ or by an exempt transfer, within the meaning of the Stock Transfer Act 1982 ” ; and

(b) for the words “forged transfer” there shall be substituted the words “ forged instrument ” ; and

(c) for the words “transfer or power” there shall be substituted the words “ instrument or power ”.

(2) At the end of that subsection there shall be added the following subsection :—

“(1A) in subsection (1) above “instrument” has the same meaning as in Part I of the Forgery and Counterfeiting Act 1981.”

M5 Finance Act 1942 U.K.

Marginal Citations

M5 1942 c. 21.

2 U.K. In subsection (1) of section 47 of the Finance Act 1942 (Treasury regulations governing the transfer and registration of Government stock)—

(a) in paragraph (a), after the words “by instruments in writing” there shall be inserted the words “ or otherwise ” ; and

(b) in paragraph (c), after the word “issue” there shall be inserted the words “ except in such cases as appear to the Treasury to be appropriate ”.

3 U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5

Textual Amendments

F5 Sch. 2 para. 3 repealed by Finance Act 1987 (c. 16, SIF 99:6), s. 72, Sch. 16 Pt. XI

4, 5. U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6

Textual Amendments

F6 Sch. 2 paras. 4, 5 repealed by Companies Consolidation (Consequential Provisions) Act 1985 (c. 9, SIF 27), ss. 21, 23, 29, 31(8), Sch. 1

M6 Colonial Stock Act 1948 U.K.

Marginal Citations

M6 1948 c. 1. (12, 13 & 14 Geo. 6.).

6 (1) In subsection (1) of section 1 of the Colonial Stock Act 1948 (stock may be made transferable in writing) for the words “and in no other manner” there shall be substituted the words “or by an exempt transfer within the meaning of the Stock Transfer Act 1982, but in no other manner”.

(2) In subsection (2) of that section, after the words “passing of this Act”, in each place where they occur, there shall be inserted the words “or the Stock Transfer Act 1982”.

7, 8. U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7

Textual Amendments

F7 Sch. 2 paras. 7, 8 repealed by S.I. 1986/1035 (N.I. 9), art. 24, Sch. 2