Modifications etc. (not altering text)
C1Sch. 1 amended by S.I. 1988/496, art. 4
C2Sch. 1 amended by S.I. 1988/803, art. 5
Modifications etc. (not altering text)
C3Sch. 1 Pt. II modified (1.1.1996) by S.I. 1995/3271, art. 5
Valid from 15/07/1996
Textual Amendments
F1Sch. 1 para. 16A and the preceding cross-heading added (15.7.1996) by S.I. 1996/1322, art. 2(1)
Sending on behalf of another person dematerialised instructions relating to an investment by means of a relevant system in respect of which an Operator is approved under the Uncertificated Securities Regulations 1995 F3, or offering or agreeing to do so, or causing on behalf of another person such instructions to be sent by such means or offering or agreeing to do so.
Notes
(1)This paragraph does not apply to a person by reason of his sending, or causing the sending of, instructions on behalf of—
(a)a participating issuer or settlement bank acting in its capacity as such; or
(b)an offeror making a takeover offer,
or by reason of his offering or agreeing to do so.
(2)For the purposes of this paragraph a person shall be taken to cause, or to offer or agree to cause, the sending of a dematerialised instruction only if he is a system-participant.
(3)In this paragraph—
“dematerialised instruction", “participating issuer", “relevant system", “settlement bank", “system-participant" and “Operator" have the meanings given by regulation 3 of the Uncertificated Securities Regulations 1995; and
“offeror" and “takeover offer" have the meanings given by section 428 of the Companies Act 1985 F4.
Textual Amendments
F2Sch. 1 para. 16A and the preceding cross-heading added (15.7.1996) by S.I. 1996/1322, art. 2(1)