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The Uncertificated Securities Regulations 2001

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Changes over time for: Section 2

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Point in time view as at 29/12/2003.

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There are currently no known outstanding effects for the The Uncertificated Securities Regulations 2001, Section 2. Help about Changes to Legislation

Purposes and basic definitionU.K.

2.—(1) These Regulations enable title to units of a security to be evidenced otherwise than by a certificate and transferred otherwise than by a written instrument, and make provision for certain supplementary and incidental matters; and in these Regulations “relevant system” means a computer-based system, and procedures, which enable title to units of a security to be evidenced and transferred without a written instrument, and which facilitate supplementary and incidental matters.

(2) Where title to a unit of a security is evidenced otherwise than by a certificate by virtue of these Regulations, the transfer of title to such a unit of a security shall be subject to these Regulations.

Commencement Information

I1Reg. 2 in force at 26.11.2001, see reg. 1

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