Uncertificated Securities Regulations 20016
1
In regulation 3 of the 2001 Regulations (interpretation)—
a
the definitions of “the 1989 Act”, “the 1990 Regulations” and “dematerialised loan instrument” shall be omitted;
b
in the definition of “local authority”, for paragraph (b), there shall be substituted—
b
in relation to a security referred to in paragraph (b) of the definition of “local authority security”, has the same meaning as in section 23 of the Local Government Act 2003 (“local authority”);
c
in the definition of “local authority security”, sub-paragraph (ii) of paragraph (a) shall be revoked; and
d
in paragraph (3)(a)—
i
at the end of paragraph (ii), “; or” shall be omitted; and
ii
paragraph (iii) shall be revoked.
2
In regulation 21 of the 2001 Regulations (entries on registers and records in respect of general public sector securities)—
a
in paragraph (3)—
i
at the end of sub-paragraph (b), “; or” shall be omitted; and
ii
sub-paragraph (c) shall be revoked;
and
b
paragraph (6) shall be revoked.
3
In paragraph 19 of Schedule 4 to the 2001 Regulations (keeping of registers and records of participating securities), sub-paragraph (2A) shall be revoked.