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

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Draft Legislation:

This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 No. 1633

10.  In regulation 4–

(a)for paragraph (1), substitute–

“(1) The Treasury may from time to time issue uncertificated units of Treasury bills for the payment of such principal sums as they think fit, and may authorise any other person to issue uncertificated units of such bills for the payment of such principal sums as the Treasury may authorise.”;

(b)omit paragraphs (2) and (3).

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