The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003

1.  Section 5 of the National Debt Act 1889(1) applies in relation to eligible Treasury bills with the following modifications–

(a) for “Treasury bills”, substitute, “The record (whether or not in the form of a document) containing the terms of an eligible Treasury bill”;

(b) for “be impressed or affixed by machinery or otherwise”, substitute “appear in the record”.

(1)

1889 c. 6. There are amendments to section 5 not relevant to these Regulations.