There are currently no known outstanding effects for the The Uncertificated Securities Regulations 2001, SCHEDULE 3.
Regulations 5(4), 7(3) and 8(4)
Textual Amendments
F1Sch. 3 heading substituted (27.3.2019) by The Uncertificated Securities (Amendment and EU Exit) Regulations 2019 (S.I. 2019/679), regs. 1(2), 4(11)(a) (with regs. 10-12)
[F21. Before—U.K.
F3(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F4(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(c)giving a direction under regulation 8,
the Bank of England must give written notice of its intention to do so to the Operator.]
Textual Amendments
F2Sch. 3 para. 1 substituted (1.4.2013) by The Uncertificated Securities (Amendment) Regulations 2013 (S.I. 2013/632), regs. 1, 2(15)(a) (with reg. 3)
F3Sch. 3 para. 1(a) omitted (27.3.2019) by virtue of The Uncertificated Securities (Amendment and EU Exit) Regulations 2019 (S.I. 2019/679), regs. 1(2), 4(11)(b) (with regs. 10-12)
F4Sch. 3 para. 1(b) omitted (27.3.2019) by virtue of The Uncertificated Securities (Amendment and EU Exit) Regulations 2019 (S.I. 2019/679), regs. 1(2), 4(11)(b) (with regs. 10-12)
Commencement Information
I1Sch. 3 para. 1 in force at 26.11.2001, see reg. 1
2. A notice under paragraph 1 shall—U.K.
[F5(a)state why the Bank of England intends to F6... give the direction; and]
(b)draw attention to the right to make representations conferred by paragraph 3.
Textual Amendments
F5Sch. 3 para. 2(a) substituted (1.4.2013) by The Uncertificated Securities (Amendment) Regulations 2013 (S.I. 2013/632), regs. 1, 2(15)(b) (with reg. 3)
F6Words in Sch. 3 para. 2(a) omitted (27.3.2019) by virtue of The Uncertificated Securities (Amendment and EU Exit) Regulations 2019 (S.I. 2019/679), regs. 1(2), 4(11)(c) (with regs. 10-12)
Commencement Information
I2Sch. 3 para. 2 in force at 26.11.2001, see reg. 1
[F73. Before the end of the period for making representations, the Operator may make representations to the Bank of England.]U.K.
Textual Amendments
F7Sch. 3 para. 3 substituted (1.4.2013) by The Uncertificated Securities (Amendment) Regulations 2013 (S.I. 2013/632), regs. 1, 2(15)(c) (with reg. 3)
Commencement Information
I3Sch. 3 para. 3 in force at 26.11.2001, see reg. 1
[F84. The period for making representations is such period as is specified in the notice (which may, in any particular case, be extended by the Bank of England).]U.K.
Textual Amendments
F8Sch. 3 para. 4 substituted (1.4.2013) by The Uncertificated Securities (Amendment) Regulations 2013 (S.I. 2013/632), regs. 1, 2(15)(d) (with reg. 3)
Commencement Information
I4Sch. 3 para. 4 in force at 26.11.2001, see reg. 1
5. In deciding whether to F9... give the direction F10... the [F11Bank of England must] have regard to any representations made in accordance with paragraph 3.U.K.
Textual Amendments
F9Words in Sch. 3 para. 5 omitted (27.3.2019) by virtue of The Uncertificated Securities (Amendment and EU Exit) Regulations 2019 (S.I. 2019/679), regs. 1(2), 4(11)(d) (with regs. 10-12)
F10Words in Sch. 3 para. 5 omitted (1.4.2013) by virtue of The Uncertificated Securities (Amendment) Regulations 2013 (S.I. 2013/632), regs. 1, 2(15)(e)(ii) (with reg. 3)
F11Words in Sch. 3 para. 5 substituted (1.4.2013) by The Uncertificated Securities (Amendment) Regulations 2013 (S.I. 2013/632), regs. 1, 2(15)(e)(iii) (with reg. 3)
Commencement Information
I5Sch. 3 para. 5 in force at 26.11.2001, see reg. 1
[F126.—(1) When the Bank of England has decided whether to—U.K.
F13(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F14(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(c)give the direction;
it must give the Operator written notice of its decision [F15and the reasons for its decision].]
Textual Amendments
F12Sch. 3 para. 6 substituted (1.4.2013) by The Uncertificated Securities (Amendment) Regulations 2013 (S.I. 2013/632), regs. 1, 2(15)(f) (with reg. 3)
F13Sch. 3 para. 6(1)(a) omitted (27.3.2019) by virtue of The Uncertificated Securities (Amendment and EU Exit) Regulations 2019 (S.I. 2019/679), regs. 1(2), 4(11)(e)(i) (with regs. 10-12)
F14Sch. 3 para. 6(1)(b) omitted (27.3.2019) by virtue of The Uncertificated Securities (Amendment and EU Exit) Regulations 2019 (S.I. 2019/679), regs. 1(2), 4(11)(e)(i) (with regs. 10-12)
F15Words in Sch. 3 para. 6(1) inserted (27.3.2019) by The Uncertificated Securities (Amendment and EU Exit) Regulations 2019 (S.I. 2019/679), regs. 1(2), 4(11)(e)(ii) (with regs. 10-12)
Commencement Information
I6Sch. 3 para. 6 in force at 26.11.2001, see reg. 1
F167. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
Textual Amendments
F16Sch. 3 para. 7 omitted (27.3.2019) by virtue of The Uncertificated Securities (Amendment and EU Exit) Regulations 2019 (S.I. 2019/679), regs. 1(2), 4(11)(g) (with regs. 10-12)
F178. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
Textual Amendments
F17Sch. 3 para. 8 omitted (27.3.2019) by virtue of The Uncertificated Securities (Amendment and EU Exit) Regulations 2019 (S.I. 2019/679), regs. 1(2), 4(11)(g) (with regs. 10-12)
[F189. If the Bank of England decides to give the direction, the Operator may refer the matter to the Upper Tribunal.]U.K.
Textual Amendments
F18Sch. 3 paras. 9, 10 inserted (27.3.2019) by The Uncertificated Securities (Amendment and EU Exit) Regulations 2019 (S.I. 2019/679), regs. 1(2), 4(11)(f) (with regs. 10-12)
[F1810. Part 9 of the 2000 Act (hearings and appeals) applies to a reference to the Upper Tribunal under paragraph 9 as it applies to a reference to the Upper Tribunal under the 2000 Act, with the following modifications—U.K.
(a)a reference is a “disciplinary reference” for the purposes of section 133 of the 2000 Act if it is in respect of a decision to give a direction under this Schedule;
(b)section 133(1)(a) and (c) of the 2000 Act does not apply.]
Textual Amendments
F18Sch. 3 paras. 9, 10 inserted (27.3.2019) by The Uncertificated Securities (Amendment and EU Exit) Regulations 2019 (S.I. 2019/679), regs. 1(2), 4(11)(f) (with regs. 10-12)
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