The Uncertificated Securities Regulations 2001 No. 3755

SCHEDULE 1 U.K. REQUIREMENTS FOR APPROVAL OF A PERSON AS OPERATOR

System capabilities U.K.

18.  A relevant system must enable system-members— U.K.

(a) to change the form in which they hold units of a participating security; and

(b) where appropriate, to require participating issuers to issue certificates relating to units of a participating security held or to be held by them.

Commencement Information

I1 Sch. 1 para. 18 in force at 26.11.2001, see reg. 1