The Stock Transfer (Gilt-edged Securities) (Exempt Transfer) Regulations 1988

• Citation: S.I. 1988/232
• Sections: 3

Section 1 Citation and Commencement

These Regulations may be cited as the Stock Transfer (Gilt-edged Securities) (Exempt Transfer) Regulations 1988 and shall come into force on 18th March 1988.

Section 2 Interpretation

In these Regulations:—

“the Bank” means the Bank of England;

“the CGO ” means the Central Gilts Office of the Bank;

“the CGO Service ” means the computer-based system established by the Bank and The Stock Exchange to facilitate the transfer of gilt-edged securities; and “CGO Service member” means a person who is entitled under a contract with the Bank to use the CGO Service.

Section 3 Exempt Transfers

The securities specified in the Schedule hereto may be transferred by a CGO Service member through the medium of the CGO Service.