The Stock Transfer (Gilt-Edged Securities) (Exempt Transfer) Regulations 1991

• Citation: S.I. 1991/1145
• Sections: 3

Section 1 Citation and commencement

These Regulations may be cited as the Stock Transfer (Gilt-EdgedSecurities) (Exempt Transfer) Regulations 1991 and shall come into forceon 1st June 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 TheInternational Stock Exchange to facilitate the transfer of gilt-edgedsecurities; and“CGO Service member” means a person who is entitled under a contract with the Bank touse the CGO Service.

Section 3 Exempt Transfers

Securities on registers kept by the Bank which have been issued inthe United Kingdom or which may from time to time be issued in theUnited Kingdom by the European Bank for Reconstruction and Developmentmay be transferred by a CGO Service member through the medium of the CGOService .