http://www.legislation.gov.uk/uksi/2001/3755/regulation/24The Uncertificated Securities Regulations 2001LegislationLocal governmentCOMPANIESStatute Law Database2024-10-10Expert Participation2024-03-04 PART 3PARTICIPATING SECURITIES<Emphasis>KEEPING OF REGISTERS AND RECORDS</Emphasis>Effect of entries on registers241Subject to regulation 29 and to paragraphs (2) and (3) below, a register of members is prima facie evidence, and in Scotland sufficient evidence unless the contrary is shown, of any matters which are by these Regulations directed or authorised to be inserted in it.2Paragraph (1) does not apply to a company’s issuer register of members to the extent that any of the particulars entered in that register in accordance with paragraph 2(1) of Schedule 4 are inconsistent with the company’s Operator register of members.3The entry of a person’s name and address in a company’s issuer register of members shall not be treated as showing that person to be a member of the company unless—athe issuer register of members also shows him as holding shares in the company in certificated form;bthe Operator register of members shows him as holding shares in the company in uncertificated form; orche is deemed to be a member of the company by regulation 32(6)(b).4 Section 127 of the 2006 Act shall not apply with respect to a company which is a participating issuer.5Subject to regulation 29, an Operator register of general public sector securities is prima facie evidence, and in Scotland sufficient evidence unless the contrary is shown, of any matters which are by these Regulations directed or authorised to be inserted in it.6Subject to regulation 29, an entry on an Operator register of corporate securities which records a person as holding units of a security in uncertificated form shall be evidence of such title to the units as would be evidenced if the entry on that register—awere an entry on the part maintained by the participating issuer of such register as is mentioned in regulation 22(1); andbwhere appropriate, related to units of that security held in certificated form.7Subject to regulation 29, an entry on a register maintained by virtue of regulation 22(3)(a) shall (where the units are capable of being held in certificated form) be prima facie evidence, and in Scotland sufficient evidence unless the contrary is shown, that the person to whom the entry relates has such title to the units of the security which he is recorded as holding in uncertificated form as he would have if he held the units in certificated form.8Subject to regulation 29, an entry on an Operator register of eligible debt securities shall be prima facie evidence, and in Scotland sufficient evidence unless the contrary is shown, of any matters which are by these Regulations directed or authorised to be inserted in it.Reg. 24 in force at 26.11.2001, see reg. 1Reg. 24(8) added (24.6.2003) by The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 (S.I. 2003/1633), regs. 1(1), 10Word in reg. 24(5) inserted (24.6.2003) by The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 (S.I. 2003/1633), regs. 1(1), 6(4)Words in reg. 24(4) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments) (Uncertificated Securities) Order 2009 (S.I. 2009/1889), regs. 1(2), 2(10)
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<dc:title>The Uncertificated Securities Regulations 2001</dc:title>
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<Number>PART 3</Number>
<Title>PARTICIPATING SECURITIES</Title>
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<Emphasis>KEEPING OF REGISTERS AND RECORDS</Emphasis>
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<Title>Effect of entries on registers</Title>
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24
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<Pnumber>1</Pnumber>
<P2para>
<Text>Subject to regulation 29 and to paragraphs (2) and (3) below, a register of members is prima facie evidence, and in Scotland sufficient evidence unless the contrary is shown, of any matters which are by these Regulations directed or authorised to be inserted in it.</Text>
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<P2para>
<Text>Paragraph (1) does not apply to a company’s issuer register of members to the extent that any of the particulars entered in that register in accordance with paragraph 2(1) of Schedule 4 are inconsistent with the company’s Operator register of members.</Text>
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<Pnumber>3</Pnumber>
<P2para>
<Text>The entry of a person’s name and address in a company’s issuer register of members shall not be treated as showing that person to be a member of the company unless—</Text>
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<Pnumber>a</Pnumber>
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<Text>the issuer register of members also shows him as holding shares in the company in certificated form;</Text>
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<Text>the Operator register of members shows him as holding shares in the company in uncertificated form; or</Text>
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<Text>he is deemed to be a member of the company by regulation 32(6)(b).</Text>
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<Pnumber>4</Pnumber>
<P2para>
<Text>
<Substitution ChangeId="key-8a9c4a4ed5cfebf186063243d79d2ccb-1727879555727" CommentaryRef="key-8a9c4a4ed5cfebf186063243d79d2ccb">Section 127 of the </Substitution>
<Abbreviation Expansion="Companies Act 2006 c. 46">
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shall not apply with respect to a company which is a participating issuer.
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<Pnumber>5</Pnumber>
<P2para>
<Text>
Subject to regulation 29, an Operator register of
<Addition ChangeId="key-e94871366912d32282e951b49b25eedc-1721292280883" CommentaryRef="key-e94871366912d32282e951b49b25eedc">general</Addition>
public sector securities is prima facie evidence, and in Scotland sufficient evidence unless the contrary is shown, of any matters which are by these Regulations directed or authorised to be inserted in it.
</Text>
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<Pnumber>6</Pnumber>
<P2para>
<Text>Subject to regulation 29, an entry on an Operator register of corporate securities which records a person as holding units of a security in uncertificated form shall be evidence of such title to the units as would be evidenced if the entry on that register—</Text>
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<Pnumber>a</Pnumber>
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<Text>were an entry on the part maintained by the participating issuer of such register as is mentioned in regulation 22(1); and</Text>
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<Text>where appropriate, related to units of that security held in certificated form.</Text>
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<Pnumber>7</Pnumber>
<P2para>
<Text>Subject to regulation 29, an entry on a register maintained by virtue of regulation 22(3)(a) shall (where the units are capable of being held in certificated form) be prima facie evidence, and in Scotland sufficient evidence unless the contrary is shown, that the person to whom the entry relates has such title to the units of the security which he is recorded as holding in uncertificated form as he would have if he held the units in certificated form.</Text>
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<Pnumber>
<Addition ChangeId="key-5e0c6c90babc9cfc3de0ae549e79b71d-1721292255440" CommentaryRef="key-5e0c6c90babc9cfc3de0ae549e79b71d">8</Addition>
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<Addition ChangeId="key-5e0c6c90babc9cfc3de0ae549e79b71d-1721292255440" CommentaryRef="key-5e0c6c90babc9cfc3de0ae549e79b71d">Subject to regulation 29, an entry on an Operator register of eligible debt securities shall be prima facie evidence, and in Scotland sufficient evidence unless the contrary is shown, of any matters which are by these Regulations directed or authorised to be inserted in it.</Addition>
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Reg. 24 in force at 26.11.2001, see
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<Text>
<CitationSubRef id="cgdc60se5-00006" SectionRef="regulation-24-8" URI="http://www.legislation.gov.uk/id/uksi/2001/3755/regulation/24/8">Reg. 24(8)</CitationSubRef>
added (24.6.2003) by
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,
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,
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</Text>
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<Text>
Word in
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<Citation URI="http://www.legislation.gov.uk/id/uksi/2003/1633" id="cgdc60se5-00016" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="1633" Title="The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003">The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 (S.I. 2003/1633)</Citation>
,
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,
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Words in
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,
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,
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