Electronic acceptance by CGO Service members
5. In rule 6–
(a)for the word “An” at the beginning of paragraph (1) there shall be substituted the words “Subject to paragraph (4) of this Rule, an”;
(b)in paragraph (1)(c), the words from “except where” to “exempt transfer,” shall be omitted; and
(c)after paragraph (1), there shall be inserted the following new paragraph–
“(1A) Where the acceptance relates to a holding entered in the registers of the Bank of England in the name of a CGO Service member and which at the time of such acceptance is transferable by means of an exempt transfer–
(a)paragraph 1(c) of this Rule shall not apply, and
(b)the acceptance may be made by such means of electronic communication, and subject to such conditions, as the Treasury may approve for that purpose.”.