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The Stock Transfer (Specified Securities) Order 1991

Type Statutory-Instrument
Publication 1991-02-12
State In force
Department Queen's Printer of Acts of Parliament
Source legislation.gov.uk
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Made: 12th February 1991

Laid before Parliament: 14th March 1991

Coming into force: 4th April 1991

The Treasury, in exercise of the powers conferred on them by section 2(3) of the Stock Transfer Act 1982[^f00001], and of all other powers enabling them in that behalf, after consultation with the Bank of England, hereby make the following Order:—

1

This Order may be cited as the Stock Transfer (Specified Securities) Order 1991 and shall come into force on 4th April 1991.

2

The securities specified in the Schedule hereto shall be added to the list in Schedule 1 to the Stock Transfer Act 1982.

SCHEDULE — SPECIFIED SECURITIES

Securities issued in the United Kingdom by the European Bank for Reconstruction and Development, being securities registered in the United Kingdom.

Signed

Thomas Sackville — Gregory Knight — Two of the Lords Commissioners of Her Majesty’s Treasury — 12th February 1991

Explanatory note

(This note is not part of the Order)

Section 1 of the Stock Transfer Act 1982 enables provision to be made for permitting the transfer in certain cases of specified securities through the medium of a computer-based system to be established by the Bank of England and The Stock Exchange. Such a system, known as the CGO Service, has been established. This Order adds securities issued and registered in the United Kingdom by the European Bank for Reconstruction and Development to the list of specified securities in Schedule 1 to the Stock Transfer Act which may be permitted to be transferred through the CGO service.

Footnotes

[^f00001]: 1982 c. 41; Schedule 1 was amended by the Stock Transfer (Specified Securities) Order 1988 (S.I. 1988/231).

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