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The Uncertificated Securities Regulations 2001

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Changes over time for: Paragraph 6

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Point in time view as at 24/06/2003.

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There are currently no known outstanding effects for the The Uncertificated Securities Regulations 2001, Paragraph 6. Help about Changes to Legislation

6.  In section 73 of the Finance (No. 2) Act 1975(1)—U.K.

(a)in subsection (4), after “means” in the definition of “the Bank” there shall be inserted “(subject to subsection (4A))”; and

(b)after subsection (4) the following subsection shall be added—

(4A) In the case of units of stock which are recorded on a register kept by the Operator of a relevant system—

(a)the reference to the Bank in subsection (1) so far as it relates to paragraph (c) of that subsection; and

(b)the references to the Bank in subsections (2) and (3) so far as they apply for the purposes of that paragraph,

shall be taken to be references to that Operator; and in this subsection “Operator” and “relevant system” have the same meanings as in the Uncertificated Securities Regulations 2001..

Commencement Information

I1Sch. 7 para. 6 in force at 26.11.2001, see reg. 1

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