The Exchange of Securities (General) (Amendment) Rules 1999

• Citation: S.I. 1999/1207
• Sections: 3

Section 1 Title, commencement and interpretation

(1) These Rules may be cited as the Exchange of Securities (General) (Amendment) Rules 1999 and, subject to the following provisions of these Rules, shall come into force on 24th May 1999.

(2) If notice is given that the responsibility for operating the CGO Service is not to be transferred from the Bank of England to CRESTCo Limited on or before 24th May 1999 Rule 2 shall not have effect until such day, of which prior notice is given, on which that responsibility is so transferred.

(3) For the purposes of paragraph (2) above, notice is given by the Bank of England and CRESTCo Limited by a notice published in the London, Edinburgh and Belfast Gazettes.

(4) In these Rules:–

“the CGO Service” has the same meaning as in the principal Rules ; and

“the principal Rules” means the Exchange of Securities (General) Rules 1979 .

Section 2 Amendment of principal Rules

Rule 3 (interpretation) of the principal Rules shall be amended in the definition of “CGO Service member”, by substituting for the words “the Bank” the words “CRESTCo Limited (which is now responsible for operating the CGO Service)”.

Section 3 Amendment of principal Rules

Rule 6 (manner of making acceptance) of the principal Rules shall be amended in paragraph (1) by substituting “(1A)” for “(4)”.