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Changes over time for: Paragraph 4
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 29/12/2003.
Changes to legislation:
There are currently no known outstanding effects for the The Uncertificated Securities Regulations 2001, Paragraph 4.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
4. Regulation 7 shall be modified by—U.K.
(a)the insertion in paragraph (2) of the words “subject to paragraph (3)” after the words “they may”; and
(b)the substitution for paragraphs (3) to (6) of—
“(3) Subsections (2) to (7) and (9) of section 11 of the 1986 Act shall apply in relation to the withdrawal by the Treasury of approval from an Operator under paragraph (2) as they apply in relation to the revocation by the Secretary of State of a recognition order under subsection (1) of that section; and in those subsections as they so apply—
(a)any reference to a recognised organisation shall be taken to be a reference to an Operator;
(b)any reference to members of a recognised organisation shall be taken to be a reference to system-users;
(c)any reference to the Secretary of State shall be taken to be a reference to the Treasury;
(d)any reference to an order other than a recognition order shall be taken to be a reference to a written instrument; and
(e)the reference in subsection (6) to the interests of investors shall be taken to be a reference to the interests of system-users.”
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