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Part 21U.K.Certification and transfer of securities

Modifications etc. (not altering text)

C1Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

C2Pt. 21 applied (with modifications) (8.00 a.m. on 29.9.2008) by The Bradford & Bingley plc Transfer of Securities and Property etc. Order 2008 (S.I. 2008/2546), art. 4(7)

Chapter 2U.K.Evidencing and transfer of title to securities without written instrument

Powers exercisableU.K.

787Provision enabling or requiring arrangements to be adopted: order-making powersU.K.

(1)The authority having power to make regulations under this Chapter may by order—

(a)designate classes of companies for the purposes of section 786 (provision enabling or requiring arrangements to be adopted);

(b)provide that, in relation to securities of a specified description—

(i)in a designated class of companies, or

(ii)in a specified company or class of companies,

specified provisions of regulations made under this Chapter by virtue of that section either do not apply or apply subject to specified modifications.

(2)In subsection (1) “specified” means specified in the order.

(3)An order under this section is subject to negative resolution procedure.

Commencement Information

I1S. 787 wholly in force at 6.4.2008; s. 787 not in force at Royal Assent, see s. 1300; s. 787 in force for specified purposes at 20.1.2007 by S.I. 2006/3428, art. 3(3) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5); s. 787 in force at 6.4.2008 by S.I. 2007/3495, art. 3(1)(i) (with savings in arts. 7, 12, subject to transitional adaptations in Sch. 1 para. 13 and with savings in Sch. 4 paras. 30-31)