The Stock Transfer (Gilt-edged Securities) (Exempt Transfer) (No. 2) Regulations 1990

• Citation: S.I. 1990/2547
• Sections: 3

Section 1 Citation and Commencement

These Regulations may be cited as the Stock Transfer (Gilt-edged Securities) (Exempt Transfer) (No. 2) Regulations 1990 and shall come into force on 7th January 1991.

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 International 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

Securities on registers kept by the Bank which have been issued in the United Kingdom, or which may from time to time be issued in the United Kingdom, by the Government of Barbados may be transferred by a CGO Service member through the medium of the CGO Service.