The Local Authority (Stocks and Bonds) (Amendment) Regulations 2000The Local Authority (Stocks and Bonds) (Amendment) Regulations 2000

These Regulations amend the Local Authority (Stocks and Bonds) Regulations 1974 to enable stock and bonds which have been tranferable through the medium of the CGO Service (referred to below) by means of an exempt transfer (referred to below) to be transferred instead in accordance with the Uncertificated Securities Regulations 1995 by means of a relevant system (within the meaning of the 1995 Regulations) operated by a person currently only CRESTCo Limited, who has been approved under the 1995 Regulations Under the 1995 Regulations title to stock may be evidenced otherwise than by a certificate and transferred without a written instrument.