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The Uncertificated Securities Regulations 1992
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- UK Statutory Instruments
- 1992 No. 225
- PART VII
- Regulation 55
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Communications effected by the Operator’s part of the system or by the Operator
55. A recipient of any communication made by means of the Operator’s part of the system or from the Operator acting as agent for a participant shall be entitled and bound to treat the communication as being issued by the person it purports to be issued by or (as the case may be) as having been transmitted by the Operator with the authority of the participant the communication purports to be on behalf of and the person or (as the case may be) the participant shall be bound by the communication accordingly. This regulation is without prejudice to the liability of the Operator or any other person concerned for the making of a communication without authority.
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