(This note is not part of the Regulations)

These Regulations specify further gilt-edged securities, namely securities which are on registers kept by the Bank of England and issued by the Guaranteed Export Finance Corporation PLC, which may be transferred by the Central Gilts Office of the Bank (“CGO”) Service Members through the CGO Service. Other securities which may be so transferred are specified in the Stock Transfer (Gilt-Edged Securities) (Exempt Transfer) Regulations 1985 (S.I.1985/1145), 1987 (S.I.1987/1294) and 1988 (S.I.1988/232). Such transfers will be effective under section 1(2) of the Stock Transfer Act 1982 without the need for an instrument in writing.