SCHEDULE 1

PART 3DEMATERIALISED LOAN INSTRUMENTS

Modification of Part IV of the Local Government and Housing Act 1989

23

In section 66(1)–

a

after paragraph (a), insert–

aa

“relevant system”, “security”, “uncertificated” and “unit” have the same meaning as in the 2001 Regulations;

b

after paragraph (d), add–

da

“the 2001 Regulations” means the Uncertificated Securities Regulations 200113;