The Stock Transfer (Addition and Substitution of Forms) Order 1996

• Citation: S.I. 1996/1571
• Sections: 3

Section 1 Citation, commencement and interpretation

(1) This Order may be cited as the Stock Transfer (Addition and Substitution of Forms) Order 1996 and shall come into force on 15th July 1996.

(2) In this Order expressions used in the Uncertificated Securities Regulations 1995 have the same meanings as in those Regulations.

Section 2 Additional form for transfers to system-members

(1) The form set out in Schedule 1 to this Order shall be added to Schedule 1 of the Stock Transfer Act 1963 for use where units of a registered security to which section 1 of that Act applies are transferred to a system-member to be held by him as uncertificated units of that security.

(2) Nothing in subsection (1) of that Act shall require an instrument in that form to specify the address of the transferee.

Section 3 Substitution of present stock transfer form

(1) The form set out in Schedule 2 to this Order shall be substituted for the first form set out in Schedule 1 to the Stock Transfer Act 1963 (which is referred to in that Act as a stock transfer form) .

(2) Subsection (3) of section 1 of the Stock Transfer Act 1963 shall apply in relation to the form for which the form set out in Schedule 2 to this Order is substituted as it applies to any form for which the form set out in the Schedule to the Stock Transfer (Substitution of Forms) Order 1990 was substituted but with the modification mentioned in paragraph (3) below.

(3) The modification referred to in paragraph (2) above is the substitution for the words “for which the form set out in the Schedule to the Stock Transfer (Substitution of Forms) Order 1990 is substituted” the words “for which the form set out in Schedule 2 to the Stock Transfer (Addition and Substitution of Forms) Order 1996 is substituted”.