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Changes over time for: Cross Heading: The Local Authority (Stocks and Bonds) Regulations 1974
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Point in time view as at 29/12/2003.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, Cross Heading: The Local Authority (Stocks and Bonds) Regulations 1974.
Changes to Legislation
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The Local Authority (Stocks and Bonds) Regulations 1974U.K.
15. In the 1974 Regulations—U.K.
(a)in regulation 1(3)—
(i)for ““the 1995 Regulations” means the Uncertificated Securities Regulations 1995 as amended from time to time;” there shall be substituted ““the 2001 Regulations” means the Uncertificated Securities Regulations 2001 as amended from time to time;”; and
(ii)the definitions of “the CGO Service”; “CGO Service member”; “the CGO Service Regulations”; and “exempt transfer” shall be omitted;
(b)in regulation 6(1), for “Subject to regulation 6A below the” there shall be substituted “The”;
(c)in regulation 7—
(i)in paragraph (1)(a), for “paragraph (5)” there shall be substituted “paragraph (1A)”;
(ii)after paragraph (1) there shall be inserted as a new paragraph—
“(1A) Units of stock, or of bonds, which are recorded on a register kept by the Operator of a relevant system under the 2001 Regulations shall be transferable in no other manner than by means of that system in accordance with those Regulations.”; and
(iii)in paragraph (3), there shall be omitted “and any record of a transfer effected through the medium of the CGO Service,” and “or, as the case may be, the exempt transfer”; and
(d)in regulation 13(2)—
(i)for “Subject (in the case of stock or a bond which is a participating security) to any provision made by or under the 1995 Regulations, the” there shall be substituted “The”; and
(ii)there shall be omitted the words from “or, in the case of an exempt transfer” to the end.
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